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Property profile & analytics
OFF-MARKET
Estimated value
$1,850,000
Apartment buildings
1146 Lexington Ave El Cajon, CA 92019-2132
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6775465
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1960
Total area
5,036 SF
Lot
0.17 ac (7,363 SF)
Zoning code
R-3:RESTRICTED MULTIPLE
APN
489-231-05-00
UPID
US09-6775465
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
$1.85M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.84M
Blend (final)
Blend
$1.85M
Owner & transaction history
David Basaka · 1 yrs held
David Basaka
since 2024
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
R-3:RESTRICTED MULTIPLE · El Cajon, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.4M
+86.5%
Office building
$1.8M
+41.7%
Retail stores
$1.6M
+25.4%
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 El Cajon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs El Cajon 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
$1,850,000
ML approach
$1,850,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,280,000
Current use
MEDICAL BUILDING
$2,390,000
Change: +87% · Conversion: Moderate
OFFICE BUILDING
$1,815,000
Change: +42% · Conversion: Moderate
RETAIL STORES
$1,605,000
Change: +25% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,230,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$1.85M
Range $1.67M – $2.04M · ±10% · vs last sale $1.85M (Oct 28 2024)
Last sale anchor
$1.85M
Oct 28 2024
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
$367 / 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
$19,715
Tax year 2024
Assessed value
$1,415,610
Assessed 2024
Previous assessed
$1,415,610
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$482,490
Assessed improvement
$933,120
Applied tax rate
3.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1960
Heating
NONE
Units
6
Bathrooms
6
Total area
5,036 SF
Lot
0.17 ac (7,363 SF)
Zoning code
R-3:RESTRICTED MULTIPLE
APN
489-231-05-00
UPID
US09-6775465
Jurisdiction
SAN DIEGO
Zoning & alternative use
R-3:RESTRICTED MULTIPLE · El Cajon, CA
Zoning R-3:RESTRICTED MULTIPLE · permitted uses
R-3:RESTRICTED MULTIPLE · El Cajon, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
El Cajon. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$2.4M
OFFICE BUILDING
Est. value
$1.8M
RETAIL STORES
Est. value
$1.6M
INDUSTRIAL (GENERAL)
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
INDUSTRIAL (GENERAL)
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
1960
Heating
NONE
Units
6
Bathrooms
6
Lot
0.17 ac
Current owner
From public records · entity-resolved
David Basaka
Individual
Mailing address
6756 TEMA ST, SAN DIEGO, CA 92120-3962
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Oct 28, 2024
—
David Basaka
Rita Basaka
Deed
—
Oct 28, 2024
$1,850,000
David Basaka
1140 Lexington LLC
Grant Deed
$965,000 · City First Bank NA
Feb 6, 2023
—
1140 Lexington LLC
Talia Mazin
Deed
—
Aug 19, 2019
$2,641,000
Talia Mazin
Sanjay Singhal
Grant Deed
$1,560,000 · Mission FCU
Jul 11, 2017
$1,987,500
Sanjay Singhal
Because Of Grace LLC
Grant Deed
$1,375,000 · Mission FCU
May 18, 2017
—
Because Of Grace LLC
L 046411 Trust
Grant Deed
—
Jun 22, 2015
$1,000,000
L 046411 Trust
Because Of Grace LP
Grant Deed
$1,800,000 · Because Of Grace LP
Oct 12, 2012
$154,000
Because Of Grace LP
Heir Investments Two LLC
Grant Deed
$999,000 · Mission FCU
Aug 11, 2008
$1,450,000
Heir Investments Two LLC
Swanson,donald M II & Beth
Grant Deed
$1,070,000 · Downey S & L (wholesale)
Jul 29, 2008
—
Donald M Swanson II
Jake Cxii INC
Grant Deed
—
Sep 5, 2007
—
Jake Cxii INC
Swanson,don II & Beth
Grant Deed
—
Aug 2, 2007
$606,000
Donald M Swanson II
Eklund Investments Partners
Grant Deed
$450,000 · Countrywide Bank
Jun 29, 2001
$735,000
Donald C Eklund
Parker,deborah E
Grant Deed
$551,250 · Mission FCU
—
—
Sba Management INC
—
Deed Of Trust
related
$451,950 · Because Of Grace LP
—
—
Heir Investments Two LLC
—
Deed Of Trust
related
$153,888 · Because Of Grace LP
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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