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Property profile & analytics
OFF-MARKET
Estimated value
$1,450,000
Apartment buildings
945 62nd Pl Los Angeles, CA 90044-5411
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7839339
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1925
Construction
WOOD
Total area
4,096 SF
Lot
0.28 ac (12,385 SF)
Zoning code
LARD2
APN
6004-014-012
UPID
US09-7839339
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
$1.45M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.08M
Blend (final)
Blend
$1.45M
Owner & transaction history
Werke Investments LLC · 2 yrs held
Werke Investments LLC
since 2024
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
LARD2 · Los Angeles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.2M
+174.4%
Office building
$2.1M
+153.3%
Medical building
$1.9M
+129.9%
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
$1,450,000
ML approach
$1,450,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$2,225,000
Change: +174% · Conversion: Difficult
OFFICE BUILDING
$2,055,000
Change: +153% · Conversion: Moderate
MEDICAL BUILDING
$1,865,000
Change: +130% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,735,000
Change: +114% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,145,000
Change: +41% · Conversion: Difficult
RETAIL STORES
$1,140,000
Change: +41% · Conversion: Difficult
Blend value · Realmo final
$1.45M
Range $1.31M – $1.60M · ±10% · vs last sale $1.45M (Jun 7 2024)
Last sale anchor
$1.45M
Jun 7 2024
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
$354 / 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
$13,797
Tax year 2024
Assessed value
$1,044,522
Assessed 2024
Previous assessed
$1,044,522
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$870,437
Assessed improvement
$174,085
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
1925
Construction
WOOD
Heating
NONE
Cooling
YES
Buildings
5
Units
8
Bathrooms
8
Total area
4,096 SF
Lot
0.28 ac (12,385 SF)
Zoning code
LARD2
APN
6004-014-012
UPID
US09-7839339
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LARD2 · Los Angeles, CAZoning LARD2 · permitted uses
LARD2 · Los Angeles, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$2.2M
OFFICE BUILDING
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$1.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.7M
WAREHOUSE, STORAGE
Est. value
$1.1M
RETAIL STORES
Est. value
$1.1M
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
RETAIL STORES
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
1925
Construction
WOOD
Heating
NONE
Cooling
Yes
Buildings
5
Units
8
Bathrooms
8
Lot
0.28 ac
Current owner
From public records · entity-resolved
Werke Investments LLC
Entity
Mailing address
2301 ROSECRANS AVE, EL SEGUNDO, CA 90245-4967
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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 7, 2024
$1,450,000
Werke Investments LLC
Zoya Property Management LLC
Grant Deed
$1,335,400 · Corevest American Finance Lender Ll
Jul 19, 2017
—
Zoya Property Management LLC
Sattar,shafaq A
Quit Claim Deed
related
—
Oct 15, 2015
$900,000
Aslam Sattar Shafaq
Rama Real Estate Management Investm
Grant Deed
$500,000 · Jpmorgan Chase Bank NA
Feb 4, 2015
—
Rama Real Estate Management In
Hernandez,miguel A
Quit Claim Deed
—
Jun 14, 2007
—
Miguel A Hernandez
Alma Hernandez
Intrafamily Transfer
related
$581,250 · Banco Popular North America
Mar 14, 2003
—
Alma Hernandez
Hernandez,miguel A
Quit Claim Deed
related
$232,500 · Washington Mutual Fsb
Mar 22, 2002
$214,000
Miguel A Hernandez
Turner,jeffrey M & Arthur D
Grant Deed
$235,700 · Harrington LLC
Dec 18, 2001
—
Jeffrey M Turner
Turner,j M Tr
Quit Claim Deed
related
—
Dec 6, 2001
—
Turner,jeffrey M Tr
Turner,a D
Quit Claim Deed
related
—
—
—
Alma Hernandez
—
Deed Of Trust
related
$263,500 · Access Investment LLC
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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