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Property profile & analytics
OFF-MARKET
Estimated value
$3,305,000
Apartment buildings
12550 Laurel St, Lakeside, CA 92040-3159
Individually Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-9497173
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2017
Total area
10,190 SF
Lot
0.28 ac (12,236 SF)
Zoning code
R-4:MULTIPLE RESIDENTIAL
APN
394-061-06-00
UPID
US09-9497173
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
$3.43M
CAP Approach
CAP
$2.61M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.31M
Owner & transaction history
Sonia E Kuster · 5 yrs held
Sonia E Kuster
since 2021
Last sale
$3.3M
7 recorded transactions
Zoning & alternative use
R-4:MULTIPLE RESIDENTIAL · Lakeside, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$4.8M
+50.8%
Auto repair, garage
$3.9M
+21.3%
Office building
$3.7M
+14.5%
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 Lakeside submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lakeside 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
$3,145,000
ML approach
$3,430,000
CAP Approach
CAP Return
Estimation
6%
$2,820,000
6.5%
$2,605,000
7%
$2,420,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,210,000
Current use
MEDICAL BUILDING
$4,835,000
Change: +51% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,890,000
Change: +21% · Conversion: Difficult
OFFICE BUILDING
$3,675,000
Change: +15% · Conversion: Moderate
RETAIL STORES
$3,365,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$3.31M
Range $2.97M – $3.64M · ±10% · vs last sale $3.33M (Mar 18 2021)
Last sale anchor
$3.33M
Mar 18 2021
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
$324 / 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
$43,742
Tax year 2024
Assessed value
$3,528,516
Assessed 2024
Previous assessed
$3,528,516
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$1,591,812
Assessed improvement
$1,936,704
Applied tax rate
82.0000
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
2017
Heating
NONE
Units
9
Bathrooms
15
Total area
10,190 SF
Lot
0.28 ac (12,236 SF)
Zoning code
R-4:MULTIPLE RESIDENTIAL
APN
394-061-06-00
UPID
US09-9497173
Jurisdiction
SAN DIEGO
Zoning & alternative use
R-4:MULTIPLE RESIDENTIAL · Lakeside, CA
Zoning R-4:MULTIPLE RESIDENTIAL · permitted uses
R-4:MULTIPLE RESIDENTIAL · Lakeside, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lakeside. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$3.2M
MEDICAL BUILDING
Est. value
$4.8M
AUTO REPAIR, GARAGE
Est. value
$3.9M
OFFICE BUILDING
Est. value
$3.7M
RETAIL STORES
Est. value
$3.4M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
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
2017
Heating
NONE
Units
9
Bathrooms
15
Lot
0.28 ac
Current owner
From public records · entity-resolved
Sonia E Kuster
Individual
Free & Clear · 5 yrs held
Mailing address
5172 GREAT MDW DR, SAN DIEGO, CA 92130-6959
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 8, 2021
—
Sonia E Kuster
—
Deed
related
$2,025,000 · Mission FCU
Mar 18, 2021
$3,325,000
Sonia E Kuster
Reise INC
Grant Deed
—
Sep 17, 2018
—
Reise INC
—
Deed
related
$1,700,000 · Western Alliance Bk
May 27, 2016
—
Reise INC
—
Trustees Deed
related
$1,344,000 · Western Alliance Bk
Dec 17, 2012
$150,000
Reise INC
Lenke,ronald A
Grant Deed
—
Oct 26, 2011
$130,000
Ronald A Lenke
Smith C L & J E Trust
Grant Deed
—
Oct 26, 2011
—
Jean E Smith
Smith,cyril L
Affidavit Of Death
related
—
Dec 9, 2004
—
Smith Cyril L & Jean E Trust
Smith,jean E
Quit Claim Deed
related
—
Apr 4, 1996
—
Jean Ellen Smith
Smith,jean Ellen
Quit Claim Deed
related
—
Sep 15, 1995
—
Cyril Leigh Etal Smith
Smith,cyril Leigh Etal
Quit Claim Deed
related
—
—
—
Reise INC
—
Loan Modification
related
$1,700,000 · Western Alliance Bk
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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