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Property profile & analytics
OFF-MARKET
Estimated value
$9,310,000
Apartment buildings
118 14th St Ramona, CA 92065-2152
Entity Owned
4-yr Hold
Free & Clear
Property ID
US09-9879013
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1990
Total area
35,248 SF
Lot
1.41 ac (61,419 SF)
Zoning code
R-4:MULTIPLE RESIDENTIAL
APN
281-173-05-00
UPID
US09-9879013
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
-
Ramona Airport Airport
-
Terre at Oak Apartments Apartment Building Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.52M
CAP Approach
CAP
$9.01M
Comparable Approach
Comparable
$6.14M
Blend (final)
Blend
$9.31M
Owner & transaction history
118 14th Ca LP · 4 yrs held
118 14th Ca LP
since 2021
Last sale
$9.9M
7 recorded transactions
Zoning & alternative use
R-4:MULTIPLE RESIDENTIAL · Ramona, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$13.5M
+21.3%
Office building
$12.7M
+14.5%
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 Ramona submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ramona 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
$9,320,000
ML approach
$8,515,000
CAP Approach
CAP Return
Estimation
6%
$9,760,000
6.5%
$9,010,000
7%
$8,365,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$11,095,000
Current use
AUTO REPAIR, GARAGE
$13,455,000
Change: +21% · Conversion: Difficult
OFFICE BUILDING
$12,710,000
Change: +15% · Conversion: Moderate
WAREHOUSE, STORAGE
$9,990,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$9.31M
Range $8.38M – $10.24M · ±10% · vs last sale $9.85M (Aug 26 2021)
Last sale anchor
$9.85M
Aug 26 2021
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
$264 / 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
$168,812
Tax year 2024
Assessed value
$10,283,607
Assessed 2024
Previous assessed
$10,283,607
+0.0% YoY
Effective rate
1.64%
On assessed value
Assessed land
$3,641,400
Assessed improvement
$6,642,207
Applied tax rate
65.0000
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
1990
Heating
NONE
Units
50
Total area
35,248 SF
Lot
1.41 ac (61,419 SF)
Zoning code
R-4:MULTIPLE RESIDENTIAL
APN
281-173-05-00
UPID
US09-9879013
Jurisdiction
SAN DIEGO
Zoning & alternative use
R-4:MULTIPLE RESIDENTIAL · Ramona, CA
Zoning R-4:MULTIPLE RESIDENTIAL · permitted uses
R-4:MULTIPLE RESIDENTIAL · Ramona, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ramona. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$11.1M
AUTO REPAIR, GARAGE
Est. value
$13.5M
OFFICE BUILDING
Est. value
$12.7M
WAREHOUSE, STORAGE
Est. value
$10.0M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1990
Heating
NONE
Units
50
Lot
1.41 ac
Current owner
From public records · entity-resolved
118 14th Ca LP
Entity
Free & Clear · 4 yrs held
Mailing address
PO BOX A3878, CHICAGO, IL 60690-3878
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 26, 2021
$9,851,000
118 14th Ca LP
643 Valle Del Sol LLC
Grant Deed
—
Aug 21, 2018
—
643 Valle Del Sol LLC
Prebys Conrad Trust
Quit Claim Deed
—
Jun 22, 2001
—
Prebys Trust
—
Deed Of Trust
related
$10,000,000 · Union Bank Of California
Aug 14, 2000
$2,800,000
Prebys Trust
Cohler,c M & Terry B
Grant Deed
$1,968,750 · Washington Mutual Fsb
Jan 17, 1991
$974,000
Cohler,c M & Ter
Hls Assoc
Trustees Deed
related
$200,000 · Ramona Village
Oct 14, 1988
$650,000
Hls Assoc
Ramona Village
Grant Deed
$1,700,000 · Great Western Bank
—
—
Cohler C M
—
Deed Of Trust
related
$17,000 · Seller
—
—
Prebys,tr
—
Deed Of Trust
related
$2,238,750 · Washington Mutual Fsb
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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