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Property profile & analytics
OFF-MARKET
Estimated value
$5,075,000
Grocery and convenience stores
741 Altadena Dr Altadena, CA 91001-2303
Entity Owned
34-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-6427021
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1966
Construction
TILT-UP CONCRETE
Total area
32,832 SF
Lot
2.68 ac (116,568 SF)
Zoning code
LCC2*
APN
5841-032-023
UPID
US09-6427021
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
-
Adelynn Chimney Solutions Big Box & Wholesale Store
-
Boost (Bike/Boat/Book/etc) Store Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.31M
Blend (final)
Blend
$5.08M
Owner & transaction history
Union Bank · 34 yrs held
Union Bank
since 1992
7 recorded transactions
Zoning & alternative use
LCC2* · Altadena, 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 Altadena submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Altadena 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
Blend value · Realmo final
$5.08M
Range $4.57M – $5.58M · ±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
$155 / 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
$25,379
Tax year 2024
Assessed value
$1,276,343
Assessed 2024
Previous assessed
$1,276,343
+0.0% YoY
Effective rate
1.99%
On assessed value
Assessed land
$810,046
Assessed improvement
$466,297
Applied tax rate
7.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1966
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
3
Stories
1
Units
1
Total area
32,832 SF
Lot
2.68 ac (116,568 SF)
Zoning code
LCC2*
APN
5841-032-023
UPID
US09-6427021
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LCC2* · Altadena, CA
Zoning LCC2* · permitted uses
LCC2* · Altadena, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Altadena. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1966
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
3
Units
1
Lot
2.68 ac
Current owner
From public records · entity-resolved
Union Bank
Entity
Free & Clear · 34 yrs held
Mailing address
5300 MELROSE AVEEOB3, LOS ANGELES, CA 90038-5111
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1992
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
Apr 30, 2018
—
Alta Loma LLC
—
Deed
related
—
Oct 2, 1998
—
Alta Loma Investment Co
—
Deed Of Trust
related
$1,000,000 · Far East National Bank
Mar 5, 1992
$2,984,322
Union Bank
Alta Vista Apart
Trustees Deed
related
—
Jan 13, 1988
—
Harry Stolzman
—
Deed Of Trust
related
$2,970,000 · Union Bank
Nov 2, 1972
—
Alta Loma Investment Co
—
Grant Deed
related
—
—
—
Alta Loma LLC
—
Deed Of Trust
related
$4,000,000 · Far East National Bank
—
—
Alta Loma LLC
—
Deed Of Trust
related
—
—
—
Alta Loma LLC
—
Deed Of Trust
related
$1,000,000 · Far East National Bank
—
—
Alta Loma LLC
—
Deed Of Trust
related
$1,000,000 · Far East National Bank
—
—
Alta Loma LLC
—
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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