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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Apartment buildings
1226 Belleview St San Bernardino, CA 92410-2337
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US10-1551017
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1963
Construction
WOOD FRAME
Total area
2,820 SF
Lot
0.17 ac (7,250 SF)
APN
0137-022-16-0000
UPID
US10-1551017
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
$355k
CAP Approach
CAP
$555k
Comparable Approach
Comparable
$430k
Blend (final)
Blend
$530k
Owner & transaction history
Azeroth 28 LP · 3 yrs held
Azeroth 28 LP
since 2023
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$845,000
+49.5%
Medical building
$815,000
+44.6%
Neighborhood: shopping center
$760,000
+34.5%
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 San Bernardino submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Bernardino 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
$355,000
CAP Approach
CAP Return
Estimation
6%
$605,000
6.5%
$555,000
7%
$515,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$565,000
Current use
COMMERCIAL (GENERAL)
$845,000
Change: +50% · Conversion: Moderate
MEDICAL BUILDING
$815,000
Change: +45% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$760,000
Change: +35% · Conversion: Difficult
AUTO REPAIR, GARAGE
$565,000
Change: +0% · Conversion: Difficult
WAREHOUSE, STORAGE
$520,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$530k
Range $477k – $583k · ±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
$188 / 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
$7,110
Tax year 2023
Assessed value
$573,053
Assessed 2024
Previous assessed
$561,816
+2.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$106,121
Assessed improvement
$466,932
Applied tax rate
7.0000
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
1963
Construction
WOOD FRAME
Heating
NONE
Units
5
Total area
2,820 SF
Lot
0.17 ac (7,250 SF)
APN
0137-022-16-0000
UPID
US10-1551017
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
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$565,000
COMMERCIAL (GENERAL)
Est. value
$845,000
MEDICAL BUILDING
Est. value
$815,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$760,000
AUTO REPAIR, GARAGE
Est. value
$565,000
WAREHOUSE, STORAGE
Est. value
$520,000
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
1963
Construction
WOOD FRAME
Heating
NONE
Units
5
Lot
0.17 ac
Current owner
From public records · entity-resolved
Azeroth 28 LP
Entity
Mailing address
4900 SANTA ANITA AVE STE 2C, EL MONTE, CA 91731-1490
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 11, 2026
—
Azeroth 28 LP
—
Deed
related
$10,647,000 · Symetra Life Insurance Co
Mar 30, 2023
—
Azeroth 28 LP
Cobra 28 No 8 LP
Grant Deed
—
Nov 16, 2021
—
Cobra 28 No 8 LP
—
Deed
related
$25,000,000 · Mechanics Bank
Jul 16, 2020
$540,000
Cobra 28 No 8 LP
George R Seale
Grant Deed
—
Nov 8, 2005
$501,000
George R Seale
Jorge A Magana
Grant Deed
$290,000 · United Commercial Bank
Jul 24, 2003
$172,000
Jorge A Magana
Tapia,albert L & Isabel M
Grant Deed
$128,437 · East West Bank
Sep 18, 1989
$126,500
Tapia Albert L &
Exchange Transfe
Trustees Deed
—
Sep 18, 1989
$114,000
Exchange Transfe
Devasher Douglas
Trustees Deed
related
—
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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