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Property profile & analytics
OFF-MARKET
Estimated value
$1,130,000
Apartment buildings
1124 9th St Corona, CA 92882-3583
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-5690605
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1964
Construction
WOOD
Total area
3,186 SF
Lot
0.18 ac (7,840 SF)
Zoning code
R3
APN
110-072-004
UPID
US09-5690605
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
$1.51M
CAP Approach
CAP
$735k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.13M
Owner & transaction history
Ubaldo Mendoza Lopez · 3 yrs held
Ubaldo Mendoza Lopez
since 2022
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
R3 · Corona, 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 Corona submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Corona 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
$1,505,000
CAP Approach
CAP Return
Estimation
6%
$795,000
6.5%
$735,000
7%
$685,000
Blend value · Realmo final
$1.13M
Range $1.02M – $1.24M · ±10% · vs last sale $1.17M (Sep 12 2022)
Last sale anchor
$1.17M
Sep 12 2022
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
$355 / 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
$13,398
Tax year 2024
Assessed value
$1,199,500
Assessed 2024
Previous assessed
$1,199,500
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$204,000
Assessed improvement
$995,500
Applied tax rate
4.0000
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
1964
Construction
WOOD
Heating
NONE
Stories
2
Total area
3,186 SF
Lot
0.18 ac (7,840 SF)
Zoning code
R3
APN
110-072-004
UPID
US09-5690605
Jurisdiction
RIVERSIDE
Zoning & alternative use
R3 · Corona, CA
Zoning R3 · permitted uses
R3 · Corona, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Corona. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1964
Construction
WOOD
Heating
NONE
Stories
2
Lot
0.18 ac
Current owner
From public records · entity-resolved
Ubaldo Mendoza Lopez
Individual
Mailing address
4096 LESTER AVE, CORONA, CA 92881-3923
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 3, 2024
—
Ubaldo Mendoza Lopez
—
Deed
related
$650,000 · Velocity Commercial Capital LLC
Sep 12, 2022
$1,170,000
Ubaldo Mendoza Lopez
Kent Leo Sorensen
Grant Deed
$760,500 · Aronow Family Trust
Jul 28, 2021
—
Kent Leo Sorensen
—
Deed
related
$309,600 · Nationstar Mortgage LLC
Oct 15, 2018
—
Kent Leo Sorensen
—
Deed
related
$305,000 · United Wholesale Mortgage
May 30, 2012
—
Kent L Sorensen
Sorensen Trust
Quit Claim Deed
related
$264,500 · Jmac Lending
Aug 2, 2010
—
Sorensen Trust
Sorensen,kent L
Quit Claim Deed
related
—
Jul 30, 2010
—
Kent Leo Sorensen
Kent Leo Sorensen
Intrafamily Transfer
related
$146,750 · Provident Funding Associates LP
Dec 13, 2007
$715,000
Sorensen Trust
Pelayo,roy & Rosemary
Grant Deed
$145,500 · Bank Of America
Aug 13, 1998
$185,000
Roy Pelayo
Horn Trust
Grant Deed
$148,000 · Headlands Mortgage
Apr 4, 1996
—
Alvin W Etal Horn
Horn,alvin W Etux
Quit Claim Deed
related
—
May 19, 1995
—
Alvin W Etux Horn
Horn,alvin W Etal
Quit Claim Deed
related
—
—
—
Roy Pelayo
—
Deed Of Trust
related
$224,000 · First Magnus Financial Corp
—
—
Roy Pelayo
—
Deed Of Trust
related
$315,000 · Union Planters National Bank
—
—
Sorensen Trust
—
Deed Of Trust
related
$96,000 · Union Bank
—
—
Alvin W Horn
—
Deed Of Trust
related
$72,000 · Golden State Mortgage Trust In
—
—
Roy Pelayo
—
Deed Of Trust
related
$168,300 · First Magnus 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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