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Property profile & analytics
OFF-MARKET
Estimated value
$7,510,000
Apartment buildings
628 Fairview Ave Arcadia, CA 91007-6745
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8563654
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1961
Construction
WOOD
Total area
18,891 SF
Lot
0.66 ac (28,906 SF)
Zoning code
ARR3YY
APN
5778-006-002
UPID
US09-8563654
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
$7.09M
CAP Approach
CAP
$4.68M
Comparable Approach
Comparable
$9.10M
Blend (final)
Blend
$7.51M
Owner & transaction history
656 Second LLC · 4 yrs held
656 Second LLC
since 2022
Last sale
$8.6M
7 recorded transactions
Zoning & alternative use
ARR3YY · Arcadia, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$12.3M
+96.1%
Neighborhood: shopping center
$11.5M
+83.3%
Office building
$8.9M
+41.7%
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 Arcadia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Arcadia 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
$7,085,000
ML approach
$7,090,000
CAP Approach
CAP Return
Estimation
6%
$5,065,000
6.5%
$4,675,000
7%
$4,340,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$6,270,000
Current use
RESTAURANT
$12,300,000
Change: +96% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$11,495,000
Change: +83% · Conversion: Difficult
OFFICE BUILDING
$8,890,000
Change: +42% · Conversion: Moderate
AUTO REPAIR, GARAGE
$8,740,000
Change: +39% · Conversion: Difficult
MEDICAL BUILDING
$8,585,000
Change: +37% · Conversion: Moderate
RETAIL STORES
$7,690,000
Change: +23% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,835,000
Change: -7% · Conversion: Moderate
Blend value · Realmo final
$7.51M
Range $6.76M – $8.26M · ±10% · vs last sale $8.56M (May 18 2022)
Last sale anchor
$8.56M
May 18 2022
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
$398 / 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
$101,374
Tax year 2024
Assessed value
$8,907,323
Assessed 2024
Previous assessed
$8,907,323
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$6,234,076
Assessed improvement
$2,673,247
Applied tax rate
1.0000
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
1961
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Units
15
Bathrooms
30
Total area
18,891 SF
Lot
0.66 ac (28,906 SF)
Zoning code
ARR3YY
APN
5778-006-002
UPID
US09-8563654
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
ARR3YY · Arcadia, CA
Zoning ARR3YY · permitted uses
ARR3YY · Arcadia, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Arcadia. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$6.3M
RESTAURANT
Est. value
$12.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$11.5M
OFFICE BUILDING
Est. value
$8.9M
AUTO REPAIR, GARAGE
Est. value
$8.7M
MEDICAL BUILDING
Est. value
$8.6M
RETAIL STORES
Est. value
$7.7M
COMMERCIAL (GENERAL)
Est. value
$5.8M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
AUTO REPAIR, GARAGE
MEDICAL 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
1961
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
15
Bathrooms
30
Lot
0.66 ac
Current owner
From public records · entity-resolved
656 Second LLC
Entity
Mailing address
51 W PALM DR, ARCADIA, CA 91007-5140
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 18, 2022
$8,560,000
656 Second LLC
Shaw Investments III LLC
Grant Deed
—
Feb 4, 2020
—
James,jenn Dong Liang & Trust
James J D Liang
Affidavit Of Death
related
—
Oct 2, 2019
—
Shaw Investments III LLC
—
Deed
related
$3,000,000 · Jpmorgan Chase Bank NA
May 24, 2019
$6,000,000
Shaw Investments Lli LLC
Llibre J B & G M F/tr
Grant Deed
—
Oct 22, 2018
—
Llibre,juan B & Gisela M F Trust
Juan B Llibre
Affidavit Of Death
—
Apr 11, 2016
—
Llibre,j B & G M Family Trust
Llibre J B & G M Trust
Quit Claim Deed
related
—
Feb 12, 2016
—
Juan B Llibre
Gisela M Strasser
Affidavit Of Death
related
—
Jan 17, 1997
—
Llibre,juan B & Gisela M Trustee
Llibre,j & G M
Quit Claim Deed
related
—
—
—
Llibre,juan B
—
Deed Of Trust
related
$200,000 · Giuseppe Boccalatte
Jul 5, 1963
—
—
—
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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