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Property profile & analytics
OFF-MARKET
Estimated value
$4,205,000
Apartment buildings
1058 Elkelton Blvd Spring Valley, CA 91977-4712
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8167399
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1985
Total area
33,756 SF
Lot
1.31 ac (57,063 SF)
Zoning code
COMMERCIAL
APN
583-473-11-00
UPID
US09-8167399
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
-
Sweetwater Apartments Apartment Building
-
Taximum Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.21M
Owner & transaction history
Sweetwater Apartments LP · 9 yrs held
Sweetwater Apartments LP
since 2016
7 recorded transactions
Zoning & alternative use
COMMERCIAL · Spring Valley, 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 Spring Valley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spring Valley 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
$125 / 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
$81,505
Tax year 2024
Assessed value
$5,335,355
Assessed 2024
Previous assessed
$5,335,355
+0.0% YoY
Effective rate
1.53%
On assessed value
Assessed land
$2,495,612
Assessed improvement
$2,839,743
Applied tax rate
83.0000
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
1985
Heating
NONE
Units
38
Total area
33,756 SF
Lot
1.31 ac (57,063 SF)
Zoning code
COMMERCIAL
APN
583-473-11-00
UPID
US09-8167399
Jurisdiction
SAN DIEGO
Zoning & alternative use
COMMERCIAL · Spring Valley, CA
Zoning COMMERCIAL · permitted uses
COMMERCIAL · Spring Valley, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Spring Valley. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1985
Heating
NONE
Units
38
Lot
1.31 ac
Current owner
From public records · entity-resolved
Sweetwater Apartments LP
Entity
Mailing address
244 PALOMAR STA, CHULA VISTA, CA 91911-4200
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2016
—
Sweetwater Apartments LP
Sweetwater Apartments LP
Intrafamily Transfer
related
$3,600,000 · Hunt Mortgage Capital LLC
Mar 26, 2007
—
Raven One Investments LLC
Raven One Investments LLC
Quit Claim Deed
$2,600,000 · Chartermac Mortgage Cap Corp
Mar 14, 2007
—
Raven One Investments LLC
Jake Lxxxi INC
Grant Deed
—
Aug 26, 2005
—
Raven One Investments LLC
Williams Family Trust
Quit Claim Deed
$1,653,150 · Sheridan J P II Tr Agreement
Mar 21, 2001
$2,350,000
Raven One Investments LLC
Chase Trust
Grant Deed
$1,762,500 · Washington Mutual Fsb
May 9, 1995
$10,000
Sweetwater Apartments
Sweetwater Venture Ltd
Grant Deed
related
—
—
—
Williams Family Trust
—
Deed Of Trust
related
$30,000 · Richard H Wagner
—
—
Williams Family Trust
—
Deed Of Trust
related
$250,000 · Richard H Wagner
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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