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Property profile & analytics
OFF-MARKET
Estimated value
$1,220,000
Apartment buildings
838 Atlantic Blvd, Alhambra, CA 91801-1332
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-8053653
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1964
Construction
WOOD
Total area
5,614 SF
Lot
0.17 ac (7,202 SF)
Zoning code
ALRPD*
APN
5321-022-012
UPID
US09-8053653
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
$1.39M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.22M
Owner & transaction history
838 N Atlantic Blvd LLC
838 N Atlantic Blvd LLC
since 2025
7 recorded transactions
Zoning & alternative use
ALRPD* · Alhambra, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.9M
+4.7%
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 Alhambra submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Alhambra 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%
$1,505,000
6.5%
$1,390,000
7%
$1,290,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,785,000
Current use
OFFICE BUILDING
$1,870,000
Change: +5% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,735,000
Change: -3% · Conversion: Moderate
Blend value · Realmo final
$1.22M
Range $1.10M – $1.34M · ±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
$217 / 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
$26,212
Tax year 2024
Assessed value
$2,059,468
Assessed 2024
Previous assessed
$2,059,468
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$1,331,259
Assessed improvement
$728,209
Applied tax rate
1.0000
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
Units
6
Bathrooms
7
Total area
5,614 SF
Lot
0.17 ac (7,202 SF)
Zoning code
ALRPD*
APN
5321-022-012
UPID
US09-8053653
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
ALRPD* · Alhambra, CA
Zoning ALRPD* · permitted uses
ALRPD* · Alhambra, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alhambra. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$1.7M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
Units
6
Bathrooms
7
Lot
0.17 ac
Current owner
From public records · entity-resolved
838 N Atlantic Blvd LLC
Entity
Mailing address
3895 EUREKA DR, STUDIO CITY, CA 91604-3107
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 20, 2025
—
838 N Atlantic Blvd LLC
Daniel And Eilat Levitan 2012 Rev T
Grant Deed
—
Jul 13, 2023
—
Oren Levitan
Daniel Levitan
Affidavit Death Of Trustee/successor Trustee
related
—
Apr 12, 2017
$1,810,000
Levitan,daniel & Eilat 2012 Trust
Tan A Y Family Living Trust
Grant Deed
—
Oct 17, 2013
—
Tan,a Y Family Living Trust
Tan,antonius Y & Maria H
Quit Claim Deed
related
—
Jul 9, 2013
—
Malcolm L Varner
Varner,shirley A
Quit Claim Deed
related
—
Jun 14, 2013
—
Malcolm Investment Corp
Varner,marion J JR
Grant Deed
—
Jun 14, 2013
$1,180,000
Antonius Y Tran
Malcolm Investment Corp
Grant Deed
—
Apr 8, 2008
—
Marion J Varner JR.
Malcolm Investment Corp
Grant Deed
—
Jul 14, 2004
$950,000
Malcolm Investment Corp
Chu,tr
Grant Deed
—
Apr 9, 1998
—
Chu,frank K & Maria W Trustees
Chu,f K & M W
Quit Claim Deed
related
—
—
—
Antonius Y Tan
—
Deed Of Trust
related
$500,000 · J P Morgan Chase Bank
—
—
Frank K Chu
—
Deed Of Trust
related
$200,000 · Far East National Bank
—
—
Chu
—
Deed Of Trust
related
$132,000 · Western Federal Savings & Loan
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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