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Property profile & analytics
OFF-MARKET
Estimated value
$1,890,000
Apartment buildings
7018 Alabama Ave Canoga Park, CA 91303-2055
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8627615
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2020
Construction
WOOD
Total area
11,765 SF
Lot
0.17 ac (7,500 SF)
Zoning code
LAR3
APN
2138-013-009
UPID
US09-8627615
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.89M
Owner & transaction history
9442 Sierra Mar Place LLC · 8 yrs held
9442 Sierra Mar Place LLC
since 2017
7 recorded transactions
Zoning & alternative use
LAR3 · Canoga Park, 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 Canoga Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Canoga Park 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,440,000
Current use
Blend value · Realmo final
$1.89M
Range $1.70M – $2.08M · ±10%
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
$161 / 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
$37,220
Tax year 2024
Assessed value
$3,001,184
Assessed 2024
Previous assessed
$3,001,184
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$881,258
Assessed improvement
$2,119,926
Applied tax rate
8.0000
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
2020
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Units
9
Bathrooms
3
Total area
11,765 SF
Lot
0.17 ac (7,500 SF)
Zoning code
LAR3
APN
2138-013-009
UPID
US09-8627615
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAR3 · Canoga Park, CA
Zoning LAR3 · permitted uses
LAR3 · Canoga Park, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Canoga Park. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.4M
APARTMENT HOUSE (5+ UNITS) Current
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
2020
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
9
Bathrooms
3
Lot
0.17 ac
Current owner
From public records · entity-resolved
9442 Sierra Mar Place LLC
Entity
Mailing address
4030 PRADO DE LA MARIPOSA, CALABASAS, CA 91302-3609
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2021
—
9442 Sierra Mar Place LLC
—
Deed
related
$3,500,000 · Calprivate Bank
Sep 19, 2018
—
9442 Sierra Mar Place LLC
—
Deed
related
$2,120,000 · Pacific Alliance Bk
Oct 24, 2017
—
9442 Sierra Mar Place LLC
—
Deed
related
$80,000 · Jaclyn Resnick
Sep 22, 2017
$790,000
9442 Sierra Mar Place LLC
Sy,marjerie
Grant Deed
—
Aug 5, 2016
—
Marjerie Sy
—
Deed
related
$487,900 · Blue Financial
Nov 17, 2015
$697,000
Marjerie Sy
Leon Living Trust
Grant Deed
$415,000 · Fabian Malinovitz
Oct 29, 2009
—
Leon Living Trust
Leon,gloria
Quit Claim Deed
related
—
Oct 2, 2009
—
Gloria Leon
Leon,gloria
Quit Claim Deed
related
—
May 8, 2008
—
Gloria Leon
Montes Alice O Trust
Quit Claim Deed
related
—
Nov 18, 1998
—
Montes,alice O Tr
Montes,a
Quit Claim Deed
related
—
—
—
9442 Sierra Mar Place LLC
—
Deed Of Trust
related
$80,000 · Jaclyn Resnick
—
—
9442 Sierra Mar Place LLC
—
Deed Of Trust
related
$2,120,000 · Pacific Alliance Bk
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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