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Property profile & analytics
OFF-MARKET
Estimated value
$3,375,000
Apartment buildings
11775 Bartlett Ave Adelanto, CA 92301-1723
Entity Owned
23-yr Hold
Property ID
US10-1546470
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1988
Construction
WOOD FRAME
Total area
40,230 SF
Lot
2.26 ac (98,445 SF)
APN
0459-232-32-0000
UPID
US10-1546470
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
$3.38M
Owner & transaction history
Ssfs Investments LLC · 23 yrs held
Ssfs Investments LLC
since 2002
7 recorded transactions
Zoning & alternative use
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 Adelanto submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Adelanto 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
$84 / 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
$20,531
Tax year 2023
Assessed value
$1,845,932
Assessed 2024
Previous assessed
$1,809,737
+2.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$106,496
Assessed improvement
$1,739,436
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
1988
Construction
WOOD FRAME
Heating
NONE
Units
45
Total area
40,230 SF
Lot
2.26 ac (98,445 SF)
APN
0459-232-32-0000
UPID
US10-1546470
Jurisdiction
SAN BERNARDINO
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1988
Construction
WOOD FRAME
Heating
NONE
Units
45
Lot
2.26 ac
Current owner
From public records · entity-resolved
Ssfs Investments LLC
Entity
Mailing address
23232 PERALTA DR STE #101, LAGUNA HILLS, CA 92653-1436
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 1, 2016
—
Ssfs Investments LLC
—
Deed
related
$1,561,000 · Jpmorgan Chase Bank NA
Aug 14, 2002
$1,300,000
Ssfs Investments LLC
Walker,rob D
Trustees Deed
$975,000 · United Commercial Bank
May 1, 2001
$750,000
Greater California Income
Ktd INC
Grant Deed
$600,000 · Abn Amro Mortgage Group INC
Mar 19, 1997
$525,000
Ktd INC
First Fed'l S & L San Bernardi
Grant Deed
$393,750 · First Fed'l S & L San Bernardi
Nov 1, 1996
—
Fsla Sb First
Plastino,richard J Etux
Grant Deed
related
—
Dec 9, 1993
$720,000
Richard J Plastino
First Nationwide
Grant Deed
$572,000 · First Fed'l S & L San Bernardi
Oct 17, 1989
—
Step Con INC
Adelanto Mini St
Quit Claim Deed
related
$1,200,000 · First Nationwide Bank
Nov 14, 1988
—
Adelanto Mini St.
—
Deed Of Trust
related
$215,000 · First Fidelity Thrift & Loan
Mar 10, 1988
$122,000
Adelanto Mini St.
L H B
Grant Deed
related
$1,100,000 · First Fidelity Thrift & Loan
—
—
Rob D Walker
—
Deed Of Trust
related
$400,000 · Sodikoff Trust
—
—
Adelanto Mini St.
—
Deed Of Trust
related
$410,000 · First Fidelity Thrift & Loan
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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