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Property profile & analytics
OFF-MARKET
Estimated value
$970,000
Apartment buildings
966 3rd St Azusa, CA 91702-3354
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-7964692
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1963
Construction
WOOD
Total area
7,082 SF
Lot
0.86 ac (37,511 SF)
Zoning code
AZR1C*
APN
8615-013-015
UPID
US09-7964692
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
$965k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$970k
Owner & transaction history
Motavakkoli Apts LLC · 4 yrs held
Motavakkoli Apts LLC
since 2021
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
AZR1C* · Azusa, CA
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 Azusa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Azusa 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
$915,000
ML approach
$965,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$970k
Range $873k – $1.07M · ±10% · vs last sale $1.00M (Nov 17 2021)
Last sale anchor
$1.00M
Nov 17 2021
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
$137 / 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
$18,582
Tax year 2024
Assessed value
$1,316,787
Assessed 2024
Previous assessed
$1,316,787
+0.0% YoY
Effective rate
1.41%
On assessed value
Assessed land
$791,388
Assessed improvement
$525,399
Applied tax rate
2.0000
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
1963
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Buildings
5
Units
7
Bathrooms
4
Total area
7,082 SF
Lot
0.86 ac (37,511 SF)
Zoning code
AZR1C*
APN
8615-013-015
UPID
US09-7964692
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
AZR1C* · Azusa, CAZoning AZR1C* · permitted uses
AZR1C* · Azusa, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
ZoningMap2023
Building & site characteristics
From public records
Year built
1963
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Buildings
5
Units
7
Bathrooms
4
Lot
0.86 ac
Current owner
From public records · entity-resolved
Motavakkoli Apts LLC
Entity
Mailing address
PO BOX 822, DUARTE, CA 91009-0822
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 17, 2021
—
Motavakkoli Apts LLC
Montreh Tavakkoli
Intrafamily Transfer
related
$1,625,000 · Jpmorgan Chase Bank NA
Nov 27, 2018
—
Montreh Tavakkoli
—
Deed
related
$1,340,000 · Jpmorgan Chase Bank NA
Nov 22, 2006
$1,002,500
Montreh Tavakkoli
Jimmy E Nassar
Grant Deed
$655,000 · Mohamad Tavakkoli
Aug 22, 2005
—
Nassar Jimmy & J 2005 Trust
Nassar,jimmy E & Jihad
Quit Claim Deed
related
—
Sep 1, 1999
$399,000
Jimmy E Nassar
Noble,ronald L & Deloris J
Grant Deed
$299,250 · Washington Mutual Fsb
—
—
Ronald L Noble
—
Deed Of Trust
related
$50,000 · Individual
—
—
Jimmy E Nassar
—
Deed Of Trust
related
$436,000 · Washington Mutual Fsb
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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