Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Apartment buildings
114 Kellogg St 116 Lake Elsinore, CA 92530-3555
Trust Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-0082311
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1948
Construction
WOOD
Total area
2,138 SF
Lot
0.26 ac (11,325 SF)
Zoning code
R3
APN
374-242-026
UPID
US09-0082311
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
$425k
CAP Approach
CAP
$530k
Comparable Approach
Comparable
$623k
Blend (final)
Blend
$525k
Owner & transaction history
Pacheco,joseph Living Trust · 6 yrs held
Pacheco,joseph Living Trust
since 2019
6 recorded transactions
Zoning & alternative use
R3 · Lake Elsinore, 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 Lake Elsinore submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake Elsinore 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
$425,000
CAP Approach
CAP Return
Estimation
6%
$575,000
6.5%
$530,000
7%
$495,000
Blend value · Realmo final
$525k
Range $473k – $578k · ±10%
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
$246 / 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
$10,953
Tax year 2024
Assessed value
$1,014,900
Assessed 2024
Previous assessed
$1,014,900
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$249,350
Assessed improvement
$765,550
Applied tax rate
5.0000
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
1948
Construction
WOOD
Heating
NONE
Cooling
NONE
Buildings
2
Stories
2
Units
2
Bathrooms
4
Total area
2,138 SF
Lot
0.26 ac (11,325 SF)
Zoning code
R3
APN
374-242-026
UPID
US09-0082311
Jurisdiction
RIVERSIDE
Zoning & alternative use
R3 · Lake Elsinore, CA
Zoning R3 · permitted uses
R3 · Lake Elsinore, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lake Elsinore. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1948
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Units
2
Bathrooms
4
Lot
0.26 ac
Current owner
From public records · entity-resolved
Pacheco,joseph Living Trust
Trust
Free & Clear · 6 yrs held
Mailing address
29277 PT SHR DR, LAKE ELSINORE, CA 92530-7277
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 22, 2019
—
Pacheco,joseph Living Trust
Joseph R Pacheco
Quit Claim Deed
related
—
Jun 13, 2019
$928,000
Joseph Pacheco
Zandfarid,mohammad & Nahid
Grant Deed
—
Aug 2, 2013
$550,000
Mohammad Zandfarid
Tonini Family Ptshp
Grant Deed
—
May 21, 2004
—
Tonini Family Partnership
Tonini,elizabeth A
Quit Claim Deed
related
—
Jan 2, 2004
$543,000
Elizabeth A Tonini
Kates,charles E
Grant Deed
$325,000 · Washington Mutual Fsb
Aug 1, 1990
$290,000
Charles E Kates
Weersing John F
Grant Deed
$193,400 · Western Financial Savings Bank
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 114 Kellogg St, Unit 116?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
