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Property profile & analytics
OFF-MARKET
Estimated value
$2,215,000
High-rise multifamily apartments
540 Normandie Ave Los Angeles, CA 90020-3012
Entity Owned
15-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8154568
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2012
Construction
WOOD
Total area
80,565 SF
Lot
0.74 ac (32,376 SF)
Zoning code
LAR4
APN
5502-018-025
UPID
US09-8154568
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
Current use
Occupant on record · Public records
-
Beauty_bar@hairextensions Big Box & Wholesale Store Cosmetic Store
-
Normandie Terrace Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.22M
Owner & transaction history
Normandie Terrace Partners LP · 15 yrs held
Normandie Terrace Partners LP
since 2010
7 recorded transactions
Zoning & alternative use
LAR4 · Los Angeles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Los Angeles submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Los Angeles 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$27 / 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
$18,826
Tax year 2024
Assessed value
$23,243,455
Assessed 2024
Previous assessed
$23,243,455
+0.0% YoY
Effective rate
0.08%
On assessed value
Assessed land
$8,478,384
Assessed improvement
$14,765,071
Applied tax rate
6.0000
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
2012
Construction
WOOD
Heating
NONE
Units
66
Bathrooms
99
Total area
80,565 SF
Lot
0.74 ac (32,376 SF)
Zoning code
LAR4
APN
5502-018-025
UPID
US09-8154568
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAR4 · Los Angeles, CA
Zoning LAR4 · permitted uses
LAR4 · Los Angeles, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Los Angeles. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2012
Construction
WOOD
Heating
NONE
Units
66
Bathrooms
99
Lot
0.74 ac
Current owner
From public records · entity-resolved
Normandie Terrace Partners LP
Entity
Mailing address
911 N STUDEBAKER RD, LONG BEACH, CA 90815-4900
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2010
$6,750,000
Normandie Terrace Partners LP
538 Normandie LLC
Trustees Deed
related
$4,446,500 · Valley Bk Dundas
Sep 27, 2010
—
538 Normandie LLC
—
Deed Of Trust
related
$5,300,000 · Us Bank NA
Jul 25, 2007
$6,625,000
538 Normandie LLC
Weiner David J Trust
Grant Deed
$5,300,000 · California National Bank
Dec 15, 1999
—
Weiner,david J Trustee
Weiner,d J
Quit Claim Deed
related
—
Dec 19, 1995
—
David J Weiner
Weiner D J Trustee,
Quit Claim Deed
related
—
Jan 7, 1971
—
—
—
Grant Deed
related
—
—
—
Normandie Terrace Partners LP
—
Deed Of Trust
related
$3,000,000 · Los Angeles City (ca)
—
—
Normandie Terrace Partners LP
—
Deed Of Trust
related
$3,500,000 · American Mortgage Invtrs LLC
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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