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Property profile & analytics
OFF-MARKET
Estimated value
$1,270,000
Apartment buildings
1222 Alturas Rd Fallbrook, CA 92028-3904
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US09-9897742
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1979
Total area
7,504 SF
Lot
0.22 ac (9,395 SF)
Zoning code
R-4:MULTIPLE RESIDENTIAL
APN
104-162-58-00
UPID
US09-9897742
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
-
Move N On Up Military Movers Moving Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.27M
Owner & transaction history
Cheap Homes LLC · 11 yrs held
Cheap Homes LLC
since 2015
7 recorded transactions
Zoning & alternative use
R-4:MULTIPLE RESIDENTIAL · Fallbrook, CA
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 Fallbrook submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fallbrook 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
$169 / 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
$13,293
Tax year 2024
Assessed value
$1,236,207
Assessed 2024
Previous assessed
$1,236,207
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$515,085
Assessed improvement
$721,122
Applied tax rate
75.0000
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
1979
Heating
NONE
Units
10
Bathrooms
10
Total area
7,504 SF
Lot
0.22 ac (9,395 SF)
Zoning code
R-4:MULTIPLE RESIDENTIAL
APN
104-162-58-00
UPID
US09-9897742
Jurisdiction
SAN DIEGO
Zoning & alternative use
R-4:MULTIPLE RESIDENTIAL · Fallbrook, CA
Zoning R-4:MULTIPLE RESIDENTIAL · permitted uses
R-4:MULTIPLE RESIDENTIAL · Fallbrook, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fallbrook. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1979
Heating
NONE
Units
10
Bathrooms
10
Lot
0.22 ac
Current owner
From public records · entity-resolved
Cheap Homes LLC
Entity
Mailing address
PO BOX 9322, ONTARIO, CA 91762-9322
Ownership since
2015
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
Aug 13, 2019
—
Cheap Homes LLC
—
Deed
related
$1,150,000 · Arbor Agcy Lndg LLC
Jul 2, 2019
—
Cheap Homes LLC
—
Deed
related
$1,150,000 · Arbor Agcy Lndg LLC
Jul 14, 2015
—
Cheap Homes LLC
Cheap Homes LLC
Intrafamily Transfer
related
$710,000 · Pacific Premier Bank
Sep 25, 2007
—
Cheap Homes LLC
Garcia,manuel
Quit Claim Deed
related
—
May 22, 2007
—
Manuel Garcia
Garcia,annette K
Quit Claim Deed
related
$672,000 · Greenpoint Mortgage Funding
May 22, 2007
$960,000
Manuel Garcia
Buena Altura LLC
Grant Deed
—
Dec 17, 2003
—
Buena Altura LLC
Wise,tr
Grant Deed
$602,000 · San Diego County Cu
Nov 15, 2000
$420,000
Wise Trust
Wiederholt Trust
Grant Deed
$315,000 · Miramar Trust
—
—
Cheap Homes LLC
—
Deed Of Trust
related
$1,150,000 · Arbor Agcy Lndg LLC
—
—
Cheap Homes LLC
—
Deed Of Trust
related
$1,150,000 · Arbor Agcy Lndg LLC
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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