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Property profile & analytics
OFF-MARKET
Estimated value
$845,000
Apartment buildings
1157 Spg St Riverside, CA 92507-1382
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0903052
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1962
Construction
WOOD
Total area
6,528 SF
Lot
0.43 ac (18,730 SF)
Zoning code
R2
APN
247-105-008
UPID
US09-0903052
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$845k
Owner & transaction history
Starlite Mgmt IV LP · 1 yrs held
Starlite Mgmt IV LP
since 2025
7 recorded transactions
Zoning & alternative use
R2 · Riverside, 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 Riverside submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Riverside 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$129 / 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
$8,061
Tax year 2024
Assessed value
$721,081
Assessed 2024
Previous assessed
$721,081
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$288,431
Assessed improvement
$432,650
Applied tax rate
88.0000
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
1962
Construction
WOOD
Heating
NONE
Stories
1
Units
10
Total area
6,528 SF
Lot
0.43 ac (18,730 SF)
Zoning code
R2
APN
247-105-008
UPID
US09-0903052
Jurisdiction
RIVERSIDE
Zoning & alternative use
R2 · Riverside, CA
Zoning R2 · permitted uses
R2 · Riverside, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Riverside. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1962
Construction
WOOD
Heating
NONE
Stories
1
Units
10
Lot
0.43 ac
Current owner
From public records · entity-resolved
Starlite Mgmt IV LP
Entity
Mailing address
4900 SANTA ANITA AVE STE 2C, EL MONTE, CA 91731-1490
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2025
—
Starlite Mgmt IV LP
Starlite Mgmt III LP
Grant Deed
—
Aug 26, 2021
—
Starlite Mgmt III LP
—
Deed
related
$1,032,000 · East West Bank
Jun 7, 2017
—
Starlite Mgmt III LP
—
Deed
related
$570,000 · Pacific Mercantile Bank
Apr 15, 2014
$600,000
Starlite Mgmt III LP
Kevin Mcmahan
Grant Deed
$479,500 · Royal Business Bank
Sep 26, 2002
$155,000
Kevin Mcmahan
Abundis,manuel
Grant Deed
$74,000 · Manuel Abundis
Oct 10, 2001
$238,000
Manuel Abundis
Johnson,tim
Grant Deed
related
—
May 7, 1998
$186,000
Tim Johnson
Simjee,cassim
Grant Deed
$139,500 · Hemet Federal Savings & Loan
Dec 31, 1997
—
Cassim Simjee
Simjee,sabiha
Quit Claim Deed
related
—
Dec 31, 1997
$70,000
Simjee,cassim
Fidelity Federal Bank
Trustees Deed
$91,000 · Washington Mutual Fsb
Oct 2, 1997
$74,900
Fidelity Federal Bank
Magana,jose S & Gloria
Trustees Deed
related
—
Oct 1, 1990
$360,000
Magana Jose S &
Cambio Propertie
Trustees Deed
$216,000 · Fidelity Federal Bank
—
—
Kevin Mcmahan
—
Deed Of Trust
related
$350,000 · East West Bank
—
—
Kevin Mcmahan
—
Deed Of Trust
related
$217,000 · Imperial Capital Bank
—
—
Magana Jose S
—
Deed Of Trust
related
—
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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