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Property profile & analytics
OFF-MARKET
Estimated value
$3,940,000
Apartment buildings
9320 Elm Vis Dr Downey, CA 90242-5314
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6458783
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1960
Construction
WOOD
Total area
24,264 SF
Lot
0.91 ac (39,801 SF)
Zoning code
DOR3*
APN
6284-023-006
UPID
US09-6458783
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
$5.48M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.94M
Owner & transaction history
Cd Elm Vista 38 LLC · 3 yrs held
Cd Elm Vista 38 LLC
since 2023
7 recorded transactions
Zoning & alternative use
DOR3* · Downey, 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 Downey submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Downey 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%
$5,940,000
6.5%
$5,480,000
7%
$5,090,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$6,360,000
Current use
Blend value · Realmo final
$3.94M
Range $3.55M – $4.33M · ±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
$162 / 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
$161,434
Tax year 2024
Assessed value
$12,706,484
Assessed 2024
Previous assessed
$12,706,484
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$8,323,200
Assessed improvement
$4,383,284
Applied tax rate
3.0000
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
1960
Construction
WOOD
Heating
NONE
Units
38
Bathrooms
40
Total area
24,264 SF
Lot
0.91 ac (39,801 SF)
Zoning code
DOR3*
APN
6284-023-006
UPID
US09-6458783
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
DOR3* · Downey, CA
Zoning DOR3* · permitted uses
DOR3* · Downey, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Downey. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$6.4M
APARTMENT HOUSE (5+ UNITS) Current
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
1960
Construction
WOOD
Heating
NONE
Units
38
Bathrooms
40
Lot
0.91 ac
Current owner
From public records · entity-resolved
Cd Elm Vista 38 LLC
Entity
Mailing address
12 MERIDIAN, NEWPORT BEACH, CA 92657-1638
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Feb 15, 2023
—
Cd Elm Vista 38 LLC
Carla Pasch Doose
Grant Deed
—
Jun 22, 2022
—
Carla Pasch Doose
Carla Pasch Doose
Correction Deed
related
—
Apr 15, 2022
$12,200,000
Carla Pasch Doose
Fc Elm Vista 38 LLC
Grant Deed
$2,450,000 · Jpmorgan Chase Bank NA
Dec 3, 2019
—
Fc Elm Vista 38 LLC
—
Deed
related
$6,400,000 · Ctbc Bank Corp USA
Nov 29, 2017
$8,600,000
Fc Elm Vista 38 LLC
Pi Elm Vista Drive LLC
Grant Deed
$6,400,000 · Ctbc Bank Corp USA
Nov 20, 2012
$4,685,000
Pi Elm Vista Drive LLC
Bryce Bannatyne JR
Grant Deed
$3,513,750 · Jpmorgan Chase Bank NA
Mar 14, 2008
—
Bannatyne B & E Living Trust
Bannatyne,bryce R JR & Elaine A
Quit Claim Deed
related
—
Apr 1, 2004
$3,690,000
Bryce R Bannatyne
Zaky,wafick F & Amal Y
Grant Deed
$2,408,000 · Guaranty Bank California
Aug 24, 1988
$2,285,000
Wafick F Zaky
Sarm
Grant Deed
$1,771,000 · First Federal Savings & Loan
—
—
Bryce R Bannatyne JR.
—
Deed Of Trust
related
$2,400,000 · Fidelity Bancorp Funding INC
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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