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Property profile & analytics
OFF-MARKET
Estimated value
$5,875,000
Apartment buildings
1168 Sumner Ave 1-13 El Cajon, CA 92021-4830
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9637086
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1991
Total area
15,210 SF
Lot
0.89 ac (38,768 SF)
Zoning code
R-2:MINOR MULTIPLE
APN
484-102-26-00
UPID
US09-9637086
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
$5.59M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.26M
Blend (final)
Blend
$5.88M
Owner & transaction history
1170 Sumner Lane LLC · 2 yrs held
1170 Sumner Lane LLC
since 2023
Last sale
$6.4M
7 recorded transactions
Zoning & alternative use
R-2:MINOR MULTIPLE · El Cajon, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$7.2M
+129.5%
Office building
$5.5M
+74.4%
Retail stores
$5.1M
+62.1%
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 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
$5,730,000
ML approach
$5,590,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$7,220,000
Change: +130% · Conversion: Moderate
OFFICE BUILDING
$5,485,000
Change: +74% · Conversion: Moderate
RETAIL STORES
$5,100,000
Change: +62% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,710,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$5.88M
Range $5.29M – $6.46M · ±10% · vs last sale $6.40M (Dec 15 2023)
Last sale anchor
$6.40M
Dec 15 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
$386 / 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
$92,488
Tax year 2024
Assessed value
$6,400,000
Assessed 2024
Previous assessed
$6,400,000
+0.0% YoY
Effective rate
1.45%
On assessed value
Assessed land
$3,000,000
Assessed improvement
$3,400,000
Applied tax rate
59.0000
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
1991
Heating
NONE
Units
14
Bathrooms
39
Total area
15,210 SF
Lot
0.89 ac (38,768 SF)
Zoning code
R-2:MINOR MULTIPLE
APN
484-102-26-00
UPID
US09-9637086
Jurisdiction
SAN DIEGO
Zoning & alternative use
R-2:MINOR MULTIPLE · El Cajon, CA
Zoning R-2:MINOR MULTIPLE · permitted uses
R-2:MINOR 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
MEDICAL BUILDING
Est. value
$7.2M
OFFICE BUILDING
Est. value
$5.5M
RETAIL STORES
Est. value
$5.1M
INDUSTRIAL (GENERAL)
Est. value
$3.7M
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
1991
Heating
NONE
Units
14
Bathrooms
39
Lot
0.89 ac
Current owner
From public records · entity-resolved
1170 Sumner Lane LLC
Entity
Mailing address
9340 FUERTE DR STE #200, LA MESA, CA 91941-4164
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
21 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2023
$6,400,000
1170 Sumner Lane LLC
F & F Sumner LLC
Grant Deed
$50,000 · Jpmorgan Chase Bank NA
Sep 30, 2021
—
F & F Sumner LLC
—
Deed
related
$3,737,000 · Capital One NA
Aug 26, 2019
—
F & F Sumner LLC
—
Deed
related
$3,150,000 · First Foundation Bank
Feb 21, 2019
—
F & F Sumner LLC
—
Deed
related
$2,700,000 · City National Bank
Jan 8, 2019
$3,125,000
F & F Sumner LLC
Meade Family Trust
Grant Deed
—
Oct 26, 2016
—
Murrell Meade
—
Deed
related
$1,885,000 · Jpmorgan Chase Bank NA
Jul 20, 1995
$136,638
Meade Trust
Meade,murrell & Dorothy R
Trustees Deed
related
—
Apr 12, 1993
—
Sumner Ave Enterprises Ltd
Meade,murrell &
Quit Claim Deed
related
—
Nov 20, 1992
$986,000
Murrell Meade
Ray L Huffman Co
Grant Deed
$800,000 · Western Financial Savings Bank
—
—
Ray L Huffman Co
—
Deed Of Trust
related
$20,000 · Adams Cenia L
—
—
Ray L Huffman Co
—
Deed Of Trust
related
$52,000 · Maloney Patrick
—
—
Ray L Huffman Co
—
Deed Of Trust
related
$31,298 · Blazek Lada
—
—
Ray L Huffman Co
—
Deed Of Trust
related
$40,000 · Christensen Patr
—
—
Meade,tr
—
Deed Of Trust
related
$1,350,000 · Washington Mutual Fsb
—
—
Meade Trust
—
Deed Of Trust
related
$750,000 · Washington Mutual Fsb
—
—
Ray L Huffman Co
—
Deed Of Trust
related
$742,500 · Western Financial Savings Bank
—
—
Ray L Huffman Co
—
Deed Of Trust
related
$57,615 · Gelley Josephine
—
—
Ray L Huffman Co
—
Deed Of Trust
related
$10,000 · J Bie Enterprise
—
—
Ray L Huffman Co
—
Deed Of Trust
related
$12,000 · Sidney L Katz Md
—
—
Ray L Huffman Co
—
Deed Of Trust
related
$31,620 · Harshbarger Orbi
—
—
Ray L Huffman Co
—
Deed Of Trust
related
$20,800 · Mcmanus Monique
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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