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Property profile & analytics
OFF-MARKET
Estimated value
$2,520,000
Apartment buildings
1040 May Ln Barstow, CA 92311-3832
Entity Owned
~
Est. High Equity
Property ID
US10-1543766
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1986
Construction
WOOD FRAME
Total area
19,554 SF
Lot
1.15 ac (50,000 SF)
APN
0428-122-28-0000
UPID
US10-1543766
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
-
May Lane Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.77M
CAP Approach
CAP
$2.67M
Comparable Approach
Comparable
$2.02M
Blend (final)
Blend
$2.52M
Owner & transaction history
Kt Wealth Builders Investment LLC
Kt Wealth Builders Investment LLC
since 2025
Last sale
$2.3M
7 recorded transactions
Zoning & alternative use
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 Barstow submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Barstow 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
$3,085,000
ML approach
$2,765,000
CAP Approach
CAP Return
Estimation
6%
$2,885,000
6.5%
$2,665,000
7%
$2,475,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$4,170,000
Current use
Blend value · Realmo final
$2.52M
Range $2.27M – $2.77M · ±10% · vs last sale $2.30M (Nov 9 2023)
Last sale anchor
$2.30M
Nov 9 2023
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
$129 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$12,203
Tax year 2023
Assessed value
$1,375,000
Assessed 2024
Previous assessed
$1,074,330
+28.0% YoY
Effective rate
0.89%
On assessed value
Assessed land
$550,000
Assessed improvement
$825,000
Applied tax rate
9.0000
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
1986
Construction
WOOD FRAME
Heating
NONE
Units
14
Rooms
7
Bathrooms
2
Total area
19,554 SF
Lot
1.15 ac (50,000 SF)
APN
0428-122-28-0000
UPID
US10-1543766
Jurisdiction
SAN BERNARDINO
Zoning & alternative use
Zoning · permitted uses
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$4.2M
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
1986
Construction
WOOD FRAME
Heating
NONE
Units
14
Rooms
7
Bathrooms
2
Lot
1.15 ac
Current owner
From public records · entity-resolved
Kt Wealth Builders Investment LLC
Entity
Mailing address
5067 GLENVIEW ST, CHINO HILLS, CA 91709-7408
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 19, 2025
$1,675,000
Kt Wealth Builders Investment LLC
Oleo Management LLC
Grant Deed
$1,169,000 · Credit Union Of Southern California
Nov 9, 2023
$2,300,000
Oleo Management LLC
Wenhui Zhu
Grant Deed
$413,800 · Scottsdale Mortgage Fund 51 LLC
Jul 24, 2023
$1,500,000
Wenhui Zhu
Wd Property INC
Grant Deed
—
Mar 19, 2019
—
Wd Property INC
Wd Design INC
Quit Claim Deed
—
Jul 10, 2017
—
Wd Design INC
—
Grant Deed
related
$1,153,000 · East West Bk
Jun 6, 2016
—
Wd Design INC
Wang,yifei
Quit Claim Deed
—
May 3, 2016
$509,000
Yifei Wang
Barstow May Lane Apartments Ll
Grant Deed
—
Jul 31, 2015
—
Barstow May Lane Apartments Ll
Chen,jian & Long C
Quit Claim Deed
$1,275,000 · Kinecta FCU
Apr 8, 2005
—
Jian Chen
Bandringa,philip J & Barbara L
Grant Deed
—
Nov 12, 1996
$600,000
State Street Bank & Trust Co
White,gregory J & Kathern J
Trustees Deed
related
—
Mar 7, 1995
$50,000
Grasmere Trust
Fialla Trust
Grant Deed
related
—
Jun 18, 1992
$15,000
Mulhearn Trust
White,gregory J
Grant Deed
related
—
Jun 12, 1990
$80,000
Gregory J White
White Gregory J
Grant Deed
related
$5,250 · Individual
—
—
Philip J Bandringa
—
Deed Of Trust
related
$497,000 · Highland Federal Bank
—
—
Philip J Bandringa
—
Deed Of Trust
related
$700,000 · Quaker City Financial Corp
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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