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Property profile & analytics
OFF-MARKET
Estimated value
$660,000
Apartment buildings
958 Ave Q12 Palmdale, CA 93550-1980
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-8358776
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1980
Construction
WOOD
Total area
4,974 SF
Lot
0.19 ac (8,149 SF)
Zoning code
LCR3*
APN
3009-021-010
UPID
US09-8358776
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
by Request
Comparable Approach
Comparable
$873k
Blend (final)
Blend
$660k
Owner & transaction history
Witmer Associates LLC · 8 yrs held
Witmer Associates LLC
since 2018
7 recorded transactions
Zoning & alternative use
LCR3* · Palmdale, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+63.5%
Office building
$975,000
+46.5%
Retail stores
$950,000
+42.7%
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 Palmdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palmdale 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$665,000
Current use
AUTO REPAIR, GARAGE
$1,085,000
Change: +63% · Conversion: Difficult
OFFICE BUILDING
$975,000
Change: +47% · Conversion: Moderate
RETAIL STORES
$950,000
Change: +43% · Conversion: Difficult
Blend value · Realmo final
$660k
Range $594k – $726k · ±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
$133 / 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
$12,858
Tax year 2024
Assessed value
$726,966
Assessed 2024
Previous assessed
$726,966
+0.0% YoY
Effective rate
1.77%
On assessed value
Assessed land
$108,203
Assessed improvement
$618,763
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1980
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Units
6
Bathrooms
6
Total area
4,974 SF
Lot
0.19 ac (8,149 SF)
Zoning code
LCR3*
APN
3009-021-010
UPID
US09-8358776
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LCR3* · Palmdale, CA
Zoning LCR3* · permitted uses
LCR3* · Palmdale, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Palmdale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$665,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
OFFICE BUILDING
Est. value
$975,000
RETAIL STORES
Est. value
$950,000
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1980
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
6
Bathrooms
6
Lot
0.19 ac
Current owner
From public records · entity-resolved
Witmer Associates LLC
Entity
Free & Clear · 8 yrs held
Mailing address
345 CORONA DR, LA CANADA FLINTRIDGE, CA 91011-4134
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
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
Jul 10, 2018
—
Witmer Associates LLC
California Invs R/e Team INC
Quit Claim Deed
related
—
Feb 13, 2018
$649,000
Witmer Associates LLC
California Inv R/e Team INC
Grant Deed
—
Mar 10, 2016
$510,000
California Investment Real Est
Tildian,franck
Grant Deed
$306,000 · S Herbert Perlmutter
Oct 5, 2009
$409,500
Franck Tildian
Velocity Coml Cap LLC
Grant Deed
—
Sep 8, 2009
$408,100
Velocity Coml Cap LLC
Meridian Trust Deed Svc
Trustees Deed
related
—
Feb 22, 2008
—
Michael Grant
Grant,debra
Quit Claim Deed
related
—
Feb 22, 2008
$570,000
Grant Ed D Michael
William Meck
Grant Deed
$448,000 · Velocity Commercial Capital LLC
Aug 30, 2005
$500,000
William Meck
Levine,allan & Sue
Grant Deed
$263,000 · California National Bank
Nov 28, 2000
$170,000
Allan Levine
Del Mese,nicholas & Barbara J
Grant Deed
$136,000 · Abn Amro Mortgage Group 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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