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Property profile & analytics
OFF-MARKET
Estimated value
$1,550,000
Apartment buildings
655 Lemar Park Dr Glendora, CA 91740-4447
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-9305948
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1964
Construction
WOOD
Total area
4,100 SF
Lot
0.21 ac (9,068 SF)
Zoning code
GDR3
APN
8644-002-039
UPID
US09-9305948
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
$1.59M
CAP Approach
CAP
$1.02M
Comparable Approach
Comparable
$1.44M
Blend (final)
Blend
$1.55M
Owner & transaction history
Multimedia Cinema Services INC · 2 yrs held
Multimedia Cinema Services INC
since 2023
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
GDR3 · Glendora, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.5M
+120.0%
Auto repair, garage
$1.9M
+67.2%
Medical building
$1.9M
+64.3%
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 Glendora submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Glendora 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
$1,530,000
ML approach
$1,585,000
CAP Approach
CAP Return
Estimation
6%
$1,100,000
6.5%
$1,015,000
7%
$940,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,135,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,495,000
Change: +120% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,895,000
Change: +67% · Conversion: Difficult
MEDICAL BUILDING
$1,865,000
Change: +64% · Conversion: Moderate
RETAIL STORES
$1,415,000
Change: +25% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,265,000
Change: +12% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,205,000
Change: +6% · Conversion: Difficult
OFFICE BUILDING
$1,180,000
Change: +4% · Conversion: Moderate
Blend value · Realmo final
$1.55M
Range $1.40M – $1.71M · ±10% · vs last sale $1.60M (Aug 21 2023)
Last sale anchor
$1.60M
Aug 21 2023
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
$378 / 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
$19,961
Tax year 2024
Assessed value
$1,600,000
Assessed 2024
Previous assessed
$1,600,000
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$1,190,000
Assessed improvement
$410,000
Applied tax rate
4.0000
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
1964
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Units
5
Bathrooms
8
Total area
4,100 SF
Lot
0.21 ac (9,068 SF)
Zoning code
GDR3
APN
8644-002-039
UPID
US09-9305948
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
GDR3 · Glendora, CA
Zoning GDR3 · permitted uses
GDR3 · Glendora, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Glendora. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.5M
AUTO REPAIR, GARAGE
Est. value
$1.9M
MEDICAL BUILDING
Est. value
$1.9M
RETAIL STORES
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.3M
WAREHOUSE, STORAGE
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
OFFICE BUILDING
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
1964
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
5
Bathrooms
8
Lot
0.21 ac
Current owner
From public records · entity-resolved
Multimedia Cinema Services INC
Entity
Free & Clear · 2 yrs held
Mailing address
1665 W INDUSTRIAL PARK ST, COVINA, CA 91722-3418
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 11, 2023
—
Multimedia Cinema Services INC
—
Deed
related
$500,000 · Citizens Business Bank
Aug 21, 2023
$1,600,000
Multimedia Cinema Services INC
Heidi Madris
Grant Deed
—
Aug 9, 2021
—
Eric M Michaelson
Maria Castro Michaelson
Intrafamily Transfer
related
—
Jul 16, 2021
—
Heidi Madris
Heidi Madris
Intrafamily Transfer
related
—
Dec 4, 2018
—
Michaelson,j P & M B 1992 F & Trust
Michaelson,james P
Affidavit Of Death
—
Mar 20, 2017
—
James P Michaelson
Michaelson,meta B
Affidavit Of Death
related
—
Jul 20, 1992
—
Michaelson James P Co Tr
—
Deed Of Trust
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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