New search
Property profile & analytics
OFF-MARKET
Estimated value
$2,375,000
Apartment buildings
12560 Laurel St, Lakeside, CA 92040-3144
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US09-9497174
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1969
Total area
8,137 SF
Lot
0.45 ac (19,806 SF)
Zoning code
R-3:RESTRICTED MULTIPLE
APN
394-061-29-00
UPID
US09-9497174
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
$2.24M
CAP Approach
CAP
$2.08M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.38M
Owner & transaction history
Maichen Group · 3 yrs held
Maichen Group
since 2022
Last sale
$2.7M
7 recorded transactions
Zoning & alternative use
R-3:RESTRICTED MULTIPLE · Lakeside, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.9M
+50.8%
Auto repair, garage
$3.1M
+21.3%
Office building
$2.9M
+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
$2,165,000
ML approach
$2,240,000
CAP Approach
CAP Return
Estimation
6%
$2,255,000
6.5%
$2,080,000
7%
$1,930,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,560,000
Current use
MEDICAL BUILDING
$3,860,000
Change: +51% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,105,000
Change: +21% · Conversion: Difficult
OFFICE BUILDING
$2,935,000
Change: +15% · Conversion: Moderate
RETAIL STORES
$2,685,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$2.38M
Range $2.14M – $2.61M · ±10% · vs last sale $2.70M (Jul 1 2022)
Last sale anchor
$2.70M
Jul 1 2022
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
$292 / 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
$39,701
Tax year 2024
Assessed value
$2,754,000
Assessed 2024
Previous assessed
$2,754,000
+0.0% YoY
Effective rate
1.44%
On assessed value
Assessed land
$1,734,000
Assessed improvement
$1,020,000
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
1969
Heating
NONE
Units
11
Bathrooms
11
Total area
8,137 SF
Lot
0.45 ac (19,806 SF)
Zoning code
R-3:RESTRICTED MULTIPLE
APN
394-061-29-00
UPID
US09-9497174
Jurisdiction
SAN DIEGO
Zoning & alternative use
R-3:RESTRICTED MULTIPLE · Lakeside, CA
Zoning R-3:RESTRICTED MULTIPLE · permitted uses
R-3:RESTRICTED MULTIPLE · 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
$2.6M
MEDICAL BUILDING
Est. value
$3.9M
AUTO REPAIR, GARAGE
Est. value
$3.1M
OFFICE BUILDING
Est. value
$2.9M
RETAIL STORES
Est. value
$2.7M
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
1969
Heating
NONE
Units
11
Bathrooms
11
Lot
0.45 ac
Current owner
From public records · entity-resolved
Maichen Group
Entity
Mailing address
12560 PO BOX 675101ST ST, RCHO SANTA FE, CA 92067-5101
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 18, 2022
—
Maichen Group
—
Deed
related
$1,755,000 · First Republic Bank
Jul 1, 2022
$2,700,000
Maichen Group
Arcadia Property Management LLC
Grant Deed
$1,350,000 · M&r Investment Properties LLC
Feb 22, 2019
—
Arcadia Prop Mgmt LLC
—
Deed
related
$1,100,000 · Greystone Svcng Corp
Jan 31, 2019
$2,000,000
Arcadia Prop Mgmt LLC
Yazi Properties LLC
Grant Deed
$1,100,000 · Greystone Svcg
Jul 20, 2015
$1,300,000
Yazi Properties LLC
M Donald Patt
Grant Deed
$845,000 · Jpmorgan Chase Bank NA
Nov 27, 2006
$1,150,000
M Donald Patt
William M Burgin JR
Grant Deed
$650,000 · Washington Mutual Bank
May 1, 2006
—
Joanna B Burgin-wadhams
Wadhams,kevin
Quit Claim Deed
related
$217,590 · Joanna B Burgin-wadhams
Aug 2, 1993
$440,000
William M Burgin
Cone,john D & Pa
Grant Deed
$285,000 · Home Savings Of America
—
—
Arcadia Prop Mgmt LLC
—
Deed Of Trust
related
$1,100,000 · Greystone Svcng Corp
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 12560 Laurel St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
