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Property profile & analytics
OFF-MARKET
Estimated value
$735,000
High-rise multifamily apartments
849 Normandie Ave Los Angeles, CA 90005-2159
Entity Owned
31-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7267423
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1929
Construction
CONCRETE
Total area
32,736 SF
Lot
0.19 ac (8,123 SF)
Zoning code
LAR4
APN
5094-019-010
UPID
US09-7267423
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
$715k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$748k
Blend (final)
Blend
$735k
Owner & transaction history
First Pacific Bank · 31 yrs held
First Pacific Bank
since 1994
7 recorded transactions
Zoning & alternative use
LAR4 · Los Angeles, 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 Los Angeles submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Los Angeles 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
$715,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$735k
Range $662k – $809k · ±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
$22 / 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
$30,746
Tax year 2024
Assessed value
$2,320,086
Assessed 2024
Previous assessed
$2,320,086
+0.0% YoY
Effective rate
1.33%
On assessed value
Assessed land
$369,164
Assessed improvement
$1,950,922
Applied tax rate
6.0000
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
1929
Construction
CONCRETE
Heating
NONE
Units
48
Bathrooms
48
Total area
32,736 SF
Lot
0.19 ac (8,123 SF)
Zoning code
LAR4
APN
5094-019-010
UPID
US09-7267423
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAR4 · Los Angeles, CA
Zoning LAR4 · permitted uses
LAR4 · Los Angeles, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Los Angeles. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1929
Construction
CONCRETE
Heating
NONE
Units
48
Bathrooms
48
Lot
0.19 ac
Current owner
From public records · entity-resolved
First Pacific Bank
Entity
Mailing address
3701 WILSHIRE BLVD STE #700, LOS ANGELES, CA 90010-2813
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1994
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
Jun 9, 2025
—
Normandie Apartments LP
—
Deed
related
$2,000,000 · Neighborworks Capital Corporation
Dec 6, 1999
—
Fox Normandie Apartments LP
—
Grant Deed
related
$2,055,913 · Bank Of America Community Dev
Sep 30, 1999
—
Fox Normandie Apts
—
Deed Of Trust
related
—
Oct 28, 1994
$375,500
First Pacific Bank
Hollatz,nelly
Trustees Deed
related
—
—
—
Nelly Hollatz
—
Deed Of Trust
related
$170,445 · First Pacific Funding
—
—
Fox Normandie Apartments LP
—
Deed Of Trust
related
$906,630 · Los Angeles Homeless Svcs Auth
—
—
Fox Normandie Apartments LP
—
Deed Of Trust
related
$263,744 · California Federal Bank
—
—
Nelly Hollate
—
Deed Of Trust
related
$1,600,000 · First Pacific Bank
—
—
Fox Normandie Apartments LP
—
Deed Of Trust
related
$184,563 · California Federal Bank
—
—
Community Of Friends
—
Deed Of Trust
related
$329,462 · Low Income Housing Fund
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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