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Property profile & analytics
OFF-MARKET
Estimated value
$9,695,000
Apartment buildings
550 Bucknell Ave, Claremont, CA 91711-5421
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6976005
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1965
Construction
WOOD
Total area
27,168 SF
Lot
1.8 ac (78,405 SF)
Zoning code
CLRM4000*
APN
8316-012-010
UPID
US09-6976005
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
-
Monarch Terrace Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.49M
CAP Approach
CAP
$6.73M
Comparable Approach
Comparable
$8.01M
Blend (final)
Blend
$9.70M
Owner & transaction history
550 Bucknell Partners LLC · 5 yrs held
550 Bucknell Partners LLC
since 2021
Last sale
$12.0M
3 recorded transactions
Zoning & alternative use
CLRM4000* · Claremont, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$12.6M
+75.3%
Medical building
$12.4M
+72.3%
Office building
$12.2M
+70.0%
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 Claremont submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Claremont 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
$10,935,000
ML approach
$8,490,000
CAP Approach
CAP Return
Estimation
6%
$7,285,000
6.5%
$6,725,000
7%
$6,245,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$7,165,000
Current use
AUTO REPAIR, GARAGE
$12,565,000
Change: +75% · Conversion: Difficult
MEDICAL BUILDING
$12,350,000
Change: +72% · Conversion: Moderate
OFFICE BUILDING
$12,185,000
Change: +70% · Conversion: Moderate
RETAIL STORES
$10,410,000
Change: +45% · Conversion: Difficult
COMMERCIAL (GENERAL)
$8,395,000
Change: +17% · Conversion: Moderate
Blend value · Realmo final
$9.70M
Range $8.73M – $10.66M · ±10% · vs last sale $12.00M (Apr 16 2021)
Last sale anchor
$12.00M
Apr 16 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
$357 / 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
$79,553
Tax year 2024
Assessed value
$5,988,273
Assessed 2024
Previous assessed
$5,988,273
+0.0% YoY
Effective rate
1.33%
On assessed value
Assessed land
$3,183,624
Assessed improvement
$2,804,649
Applied tax rate
2.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1965
Construction
WOOD
Heating
NONE
Cooling
YES
Buildings
2
Units
18
Bathrooms
36
Total area
27,168 SF
Lot
1.8 ac (78,405 SF)
Zoning code
CLRM4000*
APN
8316-012-010
UPID
US09-6976005
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
CLRM4000* · Claremont, CA
Zoning CLRM4000* · permitted uses
CLRM4000* · Claremont, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Claremont. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$7.2M
AUTO REPAIR, GARAGE
Est. value
$12.6M
MEDICAL BUILDING
Est. value
$12.4M
OFFICE BUILDING
Est. value
$12.2M
RETAIL STORES
Est. value
$10.4M
COMMERCIAL (GENERAL)
Est. value
$8.4M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
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
1965
Construction
WOOD
Heating
NONE
Cooling
Yes
Buildings
2
Units
18
Bathrooms
36
Lot
1.8 ac
Current owner
From public records · entity-resolved
550 Bucknell Partners LLC
Entity
Mailing address
608 SILVER SPUR RD STE #360, ROLLING HILLS ESTATES, CA 90274-3723
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 16, 2021
$12,000,000
550 Bucknell Partners LLC
Joseph E Davis III
Grant Deed
$9,960,000 · East West Bank
—
—
Joseph G Davis JR.
—
Deed Of Trust
related
$147,000 · Mortgage Capital Group
Jun 29, 1960
—
Joseph H Davis JR.
—
Grant Deed
related
—
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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