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Property profile & analytics
OFF-MARKET
Estimated value
$16,295,000
Apartment buildings
1225 Broadway Chula Vista, CA 91911-2929
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6797496
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1971
Total area
99,999 SF
Lot
4.71 ac (205,167 SF)
Zoning code
R-3:RESTRICTED MULTIPLE
APN
618-290-12-00
UPID
US09-6797496
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
-
Sunset Villa Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$16.30M
Owner & transaction history
Mrd Hillcrest LLC · 2 yrs held
Mrd Hillcrest LLC
since 2024
7 recorded transactions
Zoning & alternative use
R-3:RESTRICTED MULTIPLE · Chula Vista, 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 Chula Vista submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chula Vista 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$26,290,000
Current use
Blend value · Realmo final
$16.30M
Range $14.67M – $17.92M · ±10%
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
$163 / 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
$351,017
Tax year 2024
Assessed value
$28,000,000
Assessed 2024
Previous assessed
$28,000,000
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$17,000,000
Assessed improvement
$11,000,000
Applied tax rate
1.0000
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
1971
Heating
NONE
Units
154
Total area
99,999 SF
Lot
4.71 ac (205,167 SF)
Zoning code
R-3:RESTRICTED MULTIPLE
APN
618-290-12-00
UPID
US09-6797496
Jurisdiction
SAN DIEGO
Zoning & alternative use
R-3:RESTRICTED MULTIPLE · Chula Vista, CA
Zoning R-3:RESTRICTED MULTIPLE · permitted uses
R-3:RESTRICTED MULTIPLE · Chula Vista, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Chula Vista. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$26.3M
APARTMENT HOUSE (5+ UNITS) Current
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
1971
Heating
NONE
Units
154
Lot
4.71 ac
Current owner
From public records · entity-resolved
Mrd Hillcrest LLC
Entity
Mailing address
3565 7TH AVE, SAN DIEGO, CA 92103-5008
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 12, 2024
—
Mrd Hillcrest LLC
—
Deed
related
$26,750,000 · The Northern Trust Co
Feb 9, 2024
—
Mrd Hillcrest LLC
Dan Floit
Grant Deed
—
Jan 12, 2024
—
Dan Floit
1225 Sunset Villa LLC
Correction Deed
related
—
Oct 13, 2023
$28,000,000
Dan Floit
1225 Sunset Villa LLC
Grant Deed
$15,380,953 · Floit Properties INC
Apr 11, 2014
—
1225 Sunset Villa LLC
Wayne R Green
Quit Claim Deed
related
$13,500,000 · Jpmorgan Chase Bank NA
Dec 23, 2013
—
Green,kevin Trust
Green,kevin M
Quit Claim Deed
related
—
Sep 13, 2012
—
Green Richard Trust
Green,richard R
Quit Claim Deed
related
—
Jun 23, 2010
—
Green Wayne R Trust
Green,wayne R
Quit Claim Deed
related
—
May 26, 2004
—
Green,tr
Green,wayne R Tr
Quit Claim Deed
related
$10,000,000 · Washington Mutual Fsb
Apr 15, 1997
—
Wayne R Etal Green
Green,wayne Robert
Quit Claim Deed
related
—
Mar 16, 1995
—
Wayne R Etal Green
Green,wayne Robert
Quit Claim Deed
related
—
—
—
Green Trust
—
Deed Of Trust
related
$6,200,000 · California Federal 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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