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Property profile & analytics
OFF-MARKET
Estimated value
$1,025,000
Apartment buildings
12035 White Ave Adelanto, CA 92301-1556
Individually Owned
14-yr Hold
Property ID
US10-1546493
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1984
Construction
WOOD FRAME
Total area
11,760 SF
Lot
0.89 ac (38,735 SF)
APN
0459-162-06-0000
UPID
US10-1546493
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
$1.03M
Owner & transaction history
Geoff Soumakian · 14 yrs held
Geoff Soumakian
since 2012
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
$87 / 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
$6,463
Tax year 2023
Assessed value
$578,960
Assessed 2024
Previous assessed
$567,608
+2.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$55,045
Assessed improvement
$523,915
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
1984
Construction
WOOD FRAME
Heating
NONE
Units
20
Total area
11,760 SF
Lot
0.89 ac (38,735 SF)
APN
0459-162-06-0000
UPID
US10-1546493
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
1984
Construction
WOOD FRAME
Heating
NONE
Units
20
Lot
0.89 ac
Current owner
From public records · entity-resolved
Geoff Soumakian
Individual
Mailing address
1348 LOYD WAY, PLACENTIA, CA 92870-8222
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2012
—
Geoff Soumakian
Soumakian,geoff
Quit Claim Deed
related
—
Jul 30, 2010
$176,000
Geoff Soumakian
Mendoza Mary
Grant Deed
—
Jun 30, 2010
$180,000
Mendoza,mary Tr
Sundance Reconveyance Corp
Trustees Deed
related
—
Dec 11, 1997
$10,000
Terrance Buniel
Kingdom Rental Ltd
Grant Deed
related
—
May 13, 1997
$200,000
Kingdom Rental Ltd
First Federal S & L San Bernar
Grant Deed
$225,000 · Sentry Home Loans
Nov 1, 1996
$262,800
Fed'l S First
Plastino,richard J & Janice G
Grant Deed
related
—
Sep 19, 1989
$438,000
Plastino Rirchar
Commercial Ctr
Grant Deed
$284,700 · First Federal Savings & Loan
Feb 22, 1988
—
Commercial Cente
Geldt
Trustees Deed
related
—
—
—
Sentry Home Loans
—
Deed Of Trust
related
$33,000 · Luteman Trust
—
—
Remington Properties IV LLC
—
Deed Of Trust
related
$220,000 · B A Beaumont (te)
—
—
Geoff Soumakian
—
Deed Of Trust
related
$480,000 · Pacific Mercantile Bank
—
—
Remington Properties IV LLC
—
Deed Of Trust
related
$225,000 · A S Taylor Ira #68-0040-90
—
—
Remington Properties IV LLC
—
Deed Of Trust
related
$320,000 · East West Bank
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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