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Property profile & analytics
OFF-MARKET
Estimated value
$2,215,000
Apartment buildings
1148 El Paseo St, Fillmore, CA 93015-1638
Trust Owned
17-yr Hold
~
Est. High Equity
Property ID
US10-1495108
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1965
Total area
11,190 SF
Lot
0.54 ac (23,522 SF)
Zoning code
R3
APN
052-0-114-095
UPID
US10-1495108
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
by Request
CAP Approach
CAP
$2.72M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.22M
Owner & transaction history
Cornejo,manuel Q & Maria A Trust · 17 yrs held
Cornejo,manuel Q & Maria A Trust
since 2009
7 recorded transactions
Zoning & alternative use
R3 · Fillmore, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$3.3M
+0.3%
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 Fillmore submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fillmore 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
by Request
CAP Approach
CAP Return
Estimation
6%
$2,950,000
6.5%
$2,720,000
7%
$2,525,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,245,000
Current use
WAREHOUSE, STORAGE
$3,255,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$2.22M
Range $1.99M – $2.44M · ±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
$198 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$26,870
Tax year 2023
Assessed value
$2,398,664
Assessed 2024
Previous assessed
$2,351,632
+2.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$767,568
Assessed improvement
$1,631,096
Applied tax rate
1.0000
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
1965
Heating
NONE
Total area
11,190 SF
Lot
0.54 ac (23,522 SF)
Zoning code
R3
APN
052-0-114-095
UPID
US10-1495108
Jurisdiction
VENTURA
Zoning & alternative use
R3 · Fillmore, CA
Zoning R3 · permitted uses
R3 · Fillmore, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fillmore. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$3.2M
WAREHOUSE, STORAGE
Est. value
$3.3M
APARTMENT HOUSE (5+ UNITS) Current
WAREHOUSE, STORAGE
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
1965
Heating
NONE
Lot
0.54 ac
Current owner
From public records · entity-resolved
Cornejo,manuel Q & Maria A Trust
Trust
Mailing address
1720 SANTA PAULA ST, FILLMORE, CA 93015-9764
Ownership since
2009
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
Oct 6, 2020
—
Maria A Cornejo
—
Deed
related
$1,625,000 · Bank Of Santa Clarita
Jul 6, 2009
—
Cornejo,manuel Q & Maria A Trust
Owner Name Unavailable
Grant Deed
related
—
Dec 24, 2008
—
Manuel Q Cornejo
Schaumburg,michael C
Grant Deed
—
Aug 19, 2003
—
Michael L Rovner
Rovner,janet L
Quit Claim Deed
related
—
Aug 19, 2003
$1,815,000
Michael C Schaumburg
RT Developments LLC
Grant Deed
$1,185,000 · Impac Multifamily Capital Corp
Aug 21, 2002
—
Michael L Rovner
Rovner,janet L
Quit Claim Deed
related
—
Aug 20, 2002
$1,300,000
Peter Timpson
Barman,edward J
Grant Deed
$900,000 · Bay Area Financial
Jun 17, 1988
—
Edward Banman
Banman Edward
Quit Claim Deed
related
$700,000 · Santa Paula Savings & Loan
—
—
Manuel Q Cornejo
—
Deed Of Trust
related
$1,235,000 · Citibank NA
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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