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Property profile & analytics
OFF-MARKET
Apartment buildings
1000 Gilbert St Hemet, CA 92543-7088
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-2901438
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1984
Construction
WOOD
Total area
8,264 SF
Lot
4.75 ac (206,910 SF)
Zoning code
R3
APN
446-290-001
UPID
US10-2901438
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
Current use
Occupant on record · Public records
-
Law Office Of Paget Sanders Law Firm Child Welfare Organization
-
Zen Diamond Apartments, An Active Senior Community Apartment Building Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Zen Diamond 177 LP · 4 yrs held
Zen Diamond 177 LP
since 2021
Last sale
$23.9M
7 recorded transactions
Zoning & alternative use
R3 · Hemet, 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 Hemet submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hemet 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$284,008
Tax year 2024
Assessed value
$24,813,540
Assessed 2024
Previous assessed
$24,813,540
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$8,323,200
Assessed improvement
$16,490,340
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 (100+ UNITS)
Status
Off-Market
Year built
1984
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Buildings
3
Stories
2
Units
15
Total area
8,264 SF
Lot
4.75 ac (206,910 SF)
Zoning code
R3
APN
446-290-001
UPID
US10-2901438
Jurisdiction
RIVERSIDE
Zoning & alternative use
R3 · Hemet, CA
Zoning R3 · permitted uses
R3 · Hemet, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hemet. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1984
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
3
Units
15
Lot
4.75 ac
Current owner
From public records · entity-resolved
Zen Diamond 177 LP
Entity
Mailing address
1667 E LINCOLN AVE, ORANGE, CA 92865-1929
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
44 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2021
$23,850,000
Zen Diamond 177 LP
Fpa6 Hillside Park LLC
Grant Deed
$17,241,000 · Arbor Commercial Funding LLC
Mar 23, 2020
—
Fpa6 Hillside Park LLC
—
Deed
related
$10,913,000 · Berkadia Commercial Mortgage LLC
Oct 4, 2018
$14,350,000
Fpa6 Hillside Park LLC
Pi Properties 145 LLC
Grant Deed
—
Oct 19, 2016
—
Pi Properties No 145 LLC
—
Deed
related
$8,350,000 · Western Alliance Bank
Jul 19, 2016
$11,875,000
Pi Properties No 145 LLC
Bay Vista Methodist Heights
Grant Deed
—
Sep 5, 2008
$11,600,000
Bay Vista Methodist Heights
Rk Multifamily Income Fund Xii
Grant Deed
$6,600,000 · First Republic Bank
Sep 5, 2008
—
Gunther Elisa Tr
Gunther,george
Affidavit Of Death
related
—
Oct 17, 2005
—
Rk Multifamily Income Fund Xii
Barasch,shirley
Grant Deed
—
Feb 4, 2005
—
Reis Glenn J Trust
Reis,glenn J
Quit Claim Deed
related
—
Dec 5, 2003
—
Beebe,tr
Beebe,dennis E & Christine E
Quit Claim Deed
related
—
Feb 27, 2003
$312,000
Fish,tr
Rk Multifamily Income Fund Xii
Grant Deed
—
Jan 6, 2003
$120,000
Robert T Mackenzie
Rk Multifamily Income Fund Xii
Grant Deed
related
—
Jan 6, 2003
$125,000
Jackson,tr
Rk Multifamily Income Fund Xii
Grant Deed
related
—
Dec 20, 2002
$100,000
Glenn J Reis
Rk Multifamily Income Fund Xii
Grant Deed
related
—
Nov 18, 2002
$100,000
Shattuck,tr
Rk Multifamily Income Fund Xii
Grant Deed
related
—
Nov 7, 2002
$177,500
Ronald E Lugten
Rk Multifamily Income Fund Xii
Grant Deed
related
—
Oct 23, 2002
$250,000
Devalila Corp
Rk Multifamily Income Fund Xii
Grant Deed
related
—
Oct 23, 2002
$349,000
Multifamily Income Fund Vi Rk
Rk Multifamily Income Fund Xii
Grant Deed
related
—
Oct 8, 2002
$100,000
Serles,tr
Rk Multifamily Income Fund Xii
Grant Deed
related
—
Oct 2, 2002
$161,500
Gilbert A Moret
Rk Multifamily Income Fund Xii
Grant Deed
related
—
Oct 1, 2002
$100,000
Kym Lamison
Rk Multifamily Income Fund Xii
Grant Deed
related
—
Sep 24, 2002
$221,000
Dennis E Beebe
Rk Multifamily Income Fund Xii
Grant Deed
—
Sep 24, 2002
$650,000
Dljb LLC
Rk Multifamily Income Fund Xii
Grant Deed
—
Sep 24, 2002
$202,500
Gunther,tr
Rk Multifamily Income Fund Xii
Grant Deed
—
Sep 24, 2002
$160,000
Kolbo,tr
Rk Multifamily Income Fund Xii
Grant Deed
related
—
Sep 24, 2002
$171,500
Christopher J Fuller
Rk Multifamily Income Fund Xii
Grant Deed
related
—
Sep 24, 2002
$358,000
Helber,tr
Rk Multifamily Income Fund Xii
Grant Deed
related
—
Sep 24, 2002
$121,000
Stillwell,tr
Rk Multifamily Income Fund Xii
Grant Deed
related
—
Sep 24, 2002
$112,000
Geer,tr
Rk Multifamily Income Fund Xii
Grant Deed
related
—
Sep 24, 2002
$200,000
C J Howard
Rk Multifamily Income Fund Xii
Grant Deed
related
—
Sep 24, 2002
$182,000
Borthwick,tr
Rk Multifamily Income Fund Xii
Grant Deed
related
—
Sep 20, 2002
—
Rk Multifamily Income Fund Xii
Hillside Park LP
Grant Deed
related
$4,825,000 · Financial Inst Partners Mtg
Jan 3, 2001
$5,400,000
Hillside Park LP
Hillside Park Senior Partners
Grant Deed
related
$3,650,000 · Quaker City Bank
May 19, 1998
$1,664,500
Park Senior Partners Hillside
Hemet Apartment LP
Grant Deed
$675,000 · Seller
Sep 29, 1993
$3,535,000
Hemet Apartments LP
Fidelity Federal
Grant Deed
$2,828,000 · Fidelity Federal Bank
Jul 1, 1993
$2,200,000
Fidelity Federal Bank
Jenkins Properti
Trustees Deed
related
—
—
—
Park Senior Partners Hillside
—
Deed Of Trust
related
$2,075,000 · Western Security Community Dev
—
—
Rk Multifamily Income Fund Xii
—
Deed Of Trust
related
$5,160,000 · Commercial Capital Bank Fsb
—
—
Jenkins Properti
—
Deed Of Trust
related
—
—
—
Hillside Park LP
—
Deed Of Trust
related
$4,650,000 · Financial Inst Partners Mtg
—
—
Jenkins Properti
—
Deed Of Trust
related
$3,800,000 · Fidelity Federal Bank
—
—
Bay Vista Methodist Heights
—
Deed Of Trust
related
$200,000 · First Republic Bank
—
—
Vista Methodist Heights In Bay
—
Deed Of Trust
related
—
—
—
Jenkins Properti
—
Deed Of Trust
related
—
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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