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Property profile & analytics
OFF-MARKET
Estimated value
$1,845,000
Apartment buildings
1147 Grv Ave 49 Imperial Beach, CA 91932-3508
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6835789
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1978
Total area
6,366 SF
Lot
0.46 ac (20,129 SF)
Zoning code
R-2:MINOR MULTIPLE
APN
633-150-53-00
UPID
US09-6835789
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
-
Imperial Co. Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.81M
CAP Approach
CAP
$1.63M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.85M
Owner & transaction history
Sereda Development Group LLC · 3 yrs held
Sereda Development Group LLC
since 2023
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
R-2:MINOR MULTIPLE · Imperial Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.0M
+49.3%
Retail stores
$2.7M
+32.0%
Auto repair, garage
$2.4M
+20.1%
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 Imperial Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Imperial Beach 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
$1,790,000
ML approach
$1,810,000
CAP Approach
CAP Return
Estimation
6%
$1,765,000
6.5%
$1,625,000
7%
$1,510,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,025,000
Current use
MEDICAL BUILDING
$3,020,000
Change: +49% · Conversion: Moderate
RETAIL STORES
$2,670,000
Change: +32% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,430,000
Change: +20% · Conversion: Difficult
OFFICE BUILDING
$2,295,000
Change: +13% · Conversion: Moderate
Blend value · Realmo final
$1.85M
Range $1.66M – $2.03M · ±10% · vs last sale $2.00M (Apr 6 2023)
Last sale anchor
$2.00M
Apr 6 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
$290 / 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
$26,527
Tax year 2024
Assessed value
$2,040,000
Assessed 2024
Previous assessed
$2,040,000
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$1,326,000
Assessed improvement
$714,000
Applied tax rate
14.0000
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
1978
Heating
NONE
Units
6
Bathrooms
7
Total area
6,366 SF
Lot
0.46 ac (20,129 SF)
Zoning code
R-2:MINOR MULTIPLE
APN
633-150-53-00
UPID
US09-6835789
Jurisdiction
SAN DIEGO
Zoning & alternative use
R-2:MINOR MULTIPLE · Imperial Beach, CA
Zoning R-2:MINOR MULTIPLE · permitted uses
R-2:MINOR MULTIPLE · Imperial Beach, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Imperial Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$3.0M
RETAIL STORES
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$2.4M
OFFICE BUILDING
Est. value
$2.3M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1978
Heating
NONE
Units
6
Bathrooms
7
Lot
0.46 ac
Current owner
From public records · entity-resolved
Sereda Development Group LLC
Entity
Mailing address
533 DL ST, ROBINSON, TX 76706-5107
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2025
—
Sereda Development Group LLC
—
Deed
related
$1,575,000 · Glen Baker Etux
Apr 6, 2023
$2,000,000
Sereda Development Group LLC
Calvin L Montgomery
Grant Deed
$1,550,000 · Smc Family Trust
Aug 14, 2020
—
Montgomery Trust
Montgomery Trust
Quit Claim Deed
related
$600,000 · Altura Cu
Jun 21, 2013
$880,000
Calvin Montgomery
Manuel Diaz
Grant Deed
$660,000 · Luther Burbank Savings
Nov 17, 2003
$850,000
Diaz,tr
Kusano,tr
Grant Deed
$595,000 · First International Bank
Mar 16, 1999
$86,500
Ritsuko Kusano
Dixie Houck Trustee
Grant Deed
—
Apr 14, 1998
—
Richard H Balstad
Balstad,richard H Etal
Quit Claim Deed
related
—
Nov 1, 1994
$10,000
Richard H Balstad
Burgess,mary P
Grant Deed
related
$205,000 · Home Savings Of America
Oct 12, 1994
$5,500
Thomas G Money
Burgess,jim G
Grant Deed
—
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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