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Property profile & analytics
OFF-MARKET
Estimated value
$1,760,000
Apartment buildings
616 Prospect Ave South Pasadena, CA 91030-2433
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7548131
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1972
Construction
WOOD
Total area
9,010 SF
Lot
0.34 ac (14,996 SF)
Zoning code
SPR3*
APN
5315-016-005
UPID
US09-7548131
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
$1.70M
CAP Approach
CAP
$2.23M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.76M
Owner & transaction history
Jeffrey L Monahan · 4 yrs held
Jeffrey L Monahan
since 2021
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
SPR3* · South Pasadena, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.8M
+0.8%
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 South Pasadena submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South Pasadena 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
$1,670,000
ML approach
$1,695,000
CAP Approach
CAP Return
Estimation
6%
$2,415,000
6.5%
$2,230,000
7%
$2,070,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,760,000
Current use
COMMERCIAL (GENERAL)
$2,785,000
Change: +1% · Conversion: Moderate
Blend value · Realmo final
$1.76M
Range $1.58M – $1.94M · ±10% · vs last sale $1.84M (Dec 30 2021)
Last sale anchor
$1.84M
Dec 30 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
$195 / 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
$32,711
Tax year 2024
Assessed value
$2,507,670
Assessed 2024
Previous assessed
$2,507,670
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$1,776,554
Assessed improvement
$731,116
Applied tax rate
9.0000
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
1972
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Units
10
Bathrooms
18
Total area
9,010 SF
Lot
0.34 ac (14,996 SF)
Zoning code
SPR3*
APN
5315-016-005
UPID
US09-7548131
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SPR3* · South Pasadena, CAZoning SPR3* · permitted uses
SPR3* · South Pasadena, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.8M
COMMERCIAL (GENERAL)
Est. value
$2.8M
APARTMENT HOUSE (5+ UNITS) Current
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
1972
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
10
Bathrooms
18
Lot
0.34 ac
Current owner
From public records · entity-resolved
Jeffrey L Monahan
Individual
Mailing address
1 VIA DI ROMA WALK, LONG BEACH, CA 90803-4154
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2021
—
Jeffrey L Monahan
Jeffrey L Monahan
Intrafamily Transfer
related
$1,570,000 · Bbcn Bank
Dec 14, 2020
—
Monahan Trust
Pamela R Monahan
Affidavit Of Death
related
—
Nov 2, 2016
—
Jeffrey L Monahan
Jeffrey L Monahan
Intrafamily Transfer
related
$1,600,000 · First Foundation Bank
May 26, 2005
$1,835,000
Monahan Trust
Timss,aldis P
Grant Deed
$900,000 · World Savings
May 26, 2005
—
Aldis Timss
Timss Elsa M Trust
Quit Claim Deed
related
—
Aug 25, 1994
—
Timss,elsa M Trustee
Timss,e
Quit Claim Deed
related
—
Jun 26, 1992
—
Elsa Timss
Dadson,washer Se
Quit Claim Deed
related
$500,000 · Home Savings Of America
—
—
Times Trust
—
Deed Of Trust
related
$550,000 · Quaker City Bank
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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