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Property profile & analytics
OFF-MARKET
Estimated value
$790,000
Apartment buildings
532 Harps St San Fernando, CA 91340-2358
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US09-8548893
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1928
Construction
WOOD
Total area
3,144 SF
Lot
0.16 ac (6,912 SF)
Zoning code
SFR1*
APN
2518-011-015
UPID
US09-8548893
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$790k
CAP Approach
CAP
$780k
Comparable Approach
Comparable
$909k
Blend (final)
Blend
$790k
Owner & transaction history
Lehman Capital LLC · 5 yrs held
Lehman Capital LLC
since 2021
Last sale
$800,008
6 recorded transactions
Zoning & alternative use
SFR1* · San Fernando, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
code of ordinances
Top alternative use upside
Commercial (general)
$930,000
+43.6%
Warehouse, storage
$925,000
+42.9%
Retail stores
$890,000
+37.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs San Fernando submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Fernando submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$730,000
ML approach
$790,000
CAP Approach
CAP Return
Estimation
6%
$845,000
6.5%
$780,000
7%
$725,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$645,000
Current use
COMMERCIAL (GENERAL)
$930,000
Change: +44% · Conversion: Moderate
WAREHOUSE, STORAGE
$925,000
Change: +43% · Conversion: Difficult
RETAIL STORES
$890,000
Change: +38% · Conversion: Difficult
Blend value · Realmo final
$790k
Range $711k – $869k · ±10% · vs last sale $800k (Jan 28 2021)
Last sale anchor
$800k
Jan 28 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$251 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$12,331
Tax year 2024
Assessed value
$848,965
Assessed 2024
Previous assessed
$848,965
+0.0% YoY
Effective rate
1.45%
On assessed value
Assessed land
$339,586
Assessed improvement
$509,379
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1928
Construction
WOOD
Heating
NONE
Units
6
Bathrooms
6
Total area
3,144 SF
Lot
0.16 ac (6,912 SF)
Zoning code
SFR1*
APN
2518-011-015
UPID
US09-8548893
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SFR1* · San Fernando, CAZoning SFR1* · permitted uses
SFR1* · San Fernando, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$645,000
COMMERCIAL (GENERAL)
Est. value
$930,000
WAREHOUSE, STORAGE
Est. value
$925,000
RETAIL STORES
Est. value
$890,000
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1928
Construction
WOOD
Heating
NONE
Units
6
Bathrooms
6
Lot
0.16 ac
Current owner
From public records · entity-resolved
Lehman Capital LLC
Entity
Mailing address
532 HARPS ST, SAN FERNANDO, CA 91340-2358
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 28, 2021
—
Lehman Capital LLC
—
Deed
related
$726,000 · Luther Burbank Savings
Jan 28, 2021
$800,000
Lehman Capital LLC
Dawn R Walter
Grant Deed
$726,000 · Arixa Fund I LLC
Jan 25, 2019
—
Walter,steven D & Dawn R Trust
Walter,steven D
Quit Claim Deed
related
—
May 3, 2018
—
Steven D Walter
Walter G & J A L/tr
Quit Claim Deed
related
—
Feb 28, 1994
—
Walter,george&june A Trustees
Walter,g&j A
Quit Claim Deed
related
—
Jun 18, 1990
$110,000
Walter George
Savo Nicholas
Grant Deed
$100,000 · Seller
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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