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Property profile & analytics
OFF-MARKET
Estimated value
$8,705,000
High-rise multifamily apartments
715 Milling St Lancaster, CA 93534-3170
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-9162588
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2011
Construction
WOOD
Total area
49,994 SF
Lot
0.29 ac (12,845 SF)
Zoning code
LRC3-P1*
APN
3133-024-018
UPID
US09-9162588
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
-
Sagebrush Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.52M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.71M
Owner & transaction history
Eah Sagebrush LP
Eah Sagebrush LP
since 2025
Last sale
$10.6M
2 recorded transactions
Zoning & alternative use
LRC3-P1* · Lancaster, 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 Lancaster submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lancaster 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%
$12,475,000
6.5%
$11,515,000
7%
$10,690,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$13,745,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$8.71M
Range $7.83M – $9.58M · ±10% · vs last sale $10.63M (Jun 22 2025)
Last sale anchor
$10.63M
Jun 22 2025
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
$174 / 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
$19,069
Tax year 2024
Assessed value
$5,794,946
Assessed 2024
Previous assessed
$5,794,946
+0.0% YoY
Effective rate
0.33%
On assessed value
Assessed land
$60,736
Assessed improvement
$5,734,210
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
2011
Construction
WOOD
Heating
NONE
Units
30
Bathrooms
55
Total area
49,994 SF
Lot
0.29 ac (12,845 SF)
Zoning code
LRC3-P1*
APN
3133-024-018
UPID
US09-9162588
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LRC3-P1* · Lancaster, CA
Zoning LRC3-P1* · permitted uses
LRC3-P1* · Lancaster, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lancaster. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$13.7M
NEIGHBORHOOD: SHOPPING CENTER
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
2011
Construction
WOOD
Heating
NONE
Units
30
Bathrooms
55
Lot
0.29 ac
Current owner
From public records · entity-resolved
Eah Sagebrush LP
Entity
Mailing address
5850 CANOGA AVE STE #312, WOODLAND HILLS, CA 91367-6567
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 22, 2025
$10,625,000
Eah Sagebrush LP
Lean Mean Fighting Machine LP
Grant Deed
$9,500,000 · Community Vision Capital & Consulting
May 4, 2022
—
Lean Mean Fighting Machine LP
—
Deed
related
$2,140,621 · Lieser By Trust
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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