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Property profile & analytics
OFF-MARKET
Estimated value
$21,100,000
Apartment buildings
1211 6th St Corona, CA 92882-7100
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0794899
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1987
Construction
WOOD
Total area
13,536 SF
Lot
3.48 ac (151,588 SF)
Zoning code
R106
APN
118-192-023
UPID
US09-0794899
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
-
Parkview Manor Condominium Complex Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$22.80M
Blend (final)
Blend
$21.10M
Owner & transaction history
Ocotillo Corona LLC · 3 yrs held
Ocotillo Corona LLC
since 2023
Last sale
$19.4M
7 recorded transactions
Zoning & alternative use
R106 · Corona, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$13.9M
+36.3%
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 Corona submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Corona 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
$22,800,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$13,855,000
Change: +36% · Conversion: Moderate
Blend value · Realmo final
$21.10M
Range $18.99M – $23.21M · ±10% · vs last sale $19.40M (Jun 15 2023)
Last sale anchor
$19.40M
Jun 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
$1,559 / 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
$220,792
Tax year 2024
Assessed value
$19,823,958
Assessed 2024
Previous assessed
$19,823,958
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$6,069,000
Assessed improvement
$13,754,958
Applied tax rate
4.0000
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
1987
Construction
WOOD
Heating
NONE
Stories
2
Units
5
Total area
13,536 SF
Lot
3.48 ac (151,588 SF)
Zoning code
R106
APN
118-192-023
UPID
US09-0794899
Jurisdiction
RIVERSIDE
Zoning & alternative use
R106 · Corona, CA
Zoning R106 · permitted uses
R106 · Corona, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Corona. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$13.9M
COMMERCIAL (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
1987
Construction
WOOD
Heating
NONE
Stories
2
Units
5
Lot
3.48 ac
Current owner
From public records · entity-resolved
Ocotillo Corona LLC
Entity
Mailing address
8965 RESEARCH DR, IRVINE, CA 92618-4246
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 15, 2023
$19,400,000
Ocotillo Corona LLC
Palm Central Partners LP
Grant Deed
$10,413,000 · Pgim Real Estate Finance LLC
Apr 22, 2020
—
Palm Central Partners
—
Deed
related
$6,750,000 · Jp Morgan Chase Bk
Oct 4, 2016
—
Palm Central Partners
—
Deed
related
$5,500,000 · Jpmorgan Chase Bank NA
Dec 9, 2003
—
Palm Central Partners
Web Service Co INC
Grant Deed
$4,400,000 · Citibank West Fsb
Feb 26, 2002
$5,600,000
Palm Central Partners
Mak Trust
Grant Deed
$4,200,000 · Quaker City Bank
Apr 20, 1995
—
Cou Fc Rv
Sneegas,steven A
Grant Deed
related
—
Nov 24, 1992
$8,000
Jehmann Lee
Choi,bong
Grant Deed
—
Oct 1, 1988
—
Crest Dev Royal
T D Service Co
Trustees Deed
related
—
—
—
Palm Central Partners
—
Deed Of Trust
related
$6,750,000 · Jp Morgan Chase Bk
—
—
Palm Central Partners
—
Deed Of Trust
related
$3,960,000 · J P Morgan Chase 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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