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Property profile & analytics
OFF-MARKET
Estimated value
$5,230,000
Apartment buildings
7637 Normal Ave 47 La Mesa, CA 91941-6177
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9172015
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1959
Total area
16,198 SF
Lot
0.83 ac (36,356 SF)
Zoning code
COMMERCIAL
APN
475-100-12-00
UPID
US09-9172015
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
$4.90M
CAP Approach
CAP
$4.14M
Comparable Approach
Comparable
$5.25M
Blend (final)
Blend
$5.23M
Owner & transaction history
7637 Normal LLC · 3 yrs held
7637 Normal LLC
since 2022
Last sale
$6.1M
7 recorded transactions
Zoning & alternative use
COMMERCIAL · La Mesa, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$6.7M
+64.7%
Retail stores
$6.6M
+62.6%
Auto repair, garage
$6.2M
+52.8%
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 La Mesa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs La Mesa 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
$4,890,000
ML approach
$4,900,000
CAP Approach
CAP Return
Estimation
6%
$4,485,000
6.5%
$4,140,000
7%
$3,845,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$4,045,000
Current use
MEDICAL BUILDING
$6,665,000
Change: +65% · Conversion: Moderate
RETAIL STORES
$6,580,000
Change: +63% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,185,000
Change: +53% · Conversion: Difficult
OFFICE BUILDING
$5,840,000
Change: +44% · Conversion: Moderate
Blend value · Realmo final
$5.23M
Range $4.71M – $5.75M · ±10% · vs last sale $6.10M (Sep 16 2022)
Last sale anchor
$6.10M
Sep 16 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
$323 / 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
$79,405
Tax year 2024
Assessed value
$6,222,000
Assessed 2024
Previous assessed
$6,222,000
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$3,570,000
Assessed improvement
$2,652,000
Applied tax rate
5.0000
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
1959
Heating
NONE
Units
20
Total area
16,198 SF
Lot
0.83 ac (36,356 SF)
Zoning code
COMMERCIAL
APN
475-100-12-00
UPID
US09-9172015
Jurisdiction
SAN DIEGO
Zoning & alternative use
COMMERCIAL · La Mesa, CA
Zoning COMMERCIAL · permitted uses
COMMERCIAL · La Mesa, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
La Mesa. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$4.0M
MEDICAL BUILDING
Est. value
$6.7M
RETAIL STORES
Est. value
$6.6M
AUTO REPAIR, GARAGE
Est. value
$6.2M
OFFICE BUILDING
Est. value
$5.8M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
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
1959
Heating
NONE
Units
20
Lot
0.83 ac
Current owner
From public records · entity-resolved
7637 Normal LLC
Entity
Mailing address
209 21ST PL, MANHATTAN BCH, CA 90266-4403
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 16, 2022
$6,100,000
7637 Normal LLC
Landholm Properties LLC
Grant Deed
$3,680,000 · First Republic Bank
Jun 16, 2020
—
Landholm Properties LLC
—
Deed
related
$2,350,000 · Axos Bank
Oct 21, 2016
—
Landholm Properties LLC
—
Deed
related
$2,000,000 · Jpmorgan Chase Bank NA
Apr 29, 2004
—
Landholm Properties LLC
Landholm,tr
Quit Claim Deed
related
$1,200,000 · Washington Mutual Fsb
Feb 10, 1999
—
Larry K Landholm
Landholm,larry K Etal
Quit Claim Deed
related
—
Apr 10, 1996
—
Larry K Etal Landholm
Landholm,larry K & Betty L
Quit Claim Deed
related
—
—
—
Larry K Landholm
—
Deed Of Trust
related
$110,000 · Frank Schaefer Construction
—
—
Larry K Landholm
—
Deed Of Trust
related
$60,000 · American Mortgage Professional
—
—
Landholm Trust
—
Deed Of Trust
related
$800,000 · Washington Mutual Fsb
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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