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Property profile & analytics
OFF-MARKET
Estimated value
$1,165,000
Apartment buildings
127 Kalmia St, Fallbrook, CA 92028-1963
Individually Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-6538645
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1985
Total area
4,004 SF
Lot
0.15 ac (6,475 SF)
Zoning code
R-3:RESTRICTED MULTIPLE
APN
103-117-05-00
UPID
US09-6538645
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
$1.17M
CAP Approach
CAP
$1.03M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.17M
Owner & transaction history
Felipe Jesus Jimenez · 2 yrs held
Felipe Jesus Jimenez
since 2024
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
R-3:RESTRICTED MULTIPLE · Fallbrook, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.9M
+50.8%
Auto repair, garage
$1.5M
+21.3%
Office building
$1.4M
+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 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
Method
Estimation
Statistic approach
$1,165,000
ML approach
$1,165,000
CAP Approach
CAP Return
Estimation
6%
$1,110,000
6.5%
$1,025,000
7%
$950,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,260,000
Current use
MEDICAL BUILDING
$1,900,000
Change: +51% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,530,000
Change: +21% · Conversion: Difficult
OFFICE BUILDING
$1,445,000
Change: +15% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,135,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$1.17M
Range $1.05M – $1.28M · ±10% · vs last sale $1.17M (Jun 27 2024)
Last sale anchor
$1.17M
Jun 27 2024
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
$291 / 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
$11,336
Tax year 2024
Assessed value
$1,056,115
Assessed 2024
Previous assessed
$1,056,115
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$428,879
Assessed improvement
$627,236
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
1985
Heating
NONE
Units
5
Bathrooms
7
Total area
4,004 SF
Lot
0.15 ac (6,475 SF)
Zoning code
R-3:RESTRICTED MULTIPLE
APN
103-117-05-00
UPID
US09-6538645
Jurisdiction
SAN DIEGO
Zoning & alternative use
R-3:RESTRICTED MULTIPLE · Fallbrook, CA
Zoning R-3:RESTRICTED MULTIPLE · permitted uses
R-3:RESTRICTED MULTIPLE · 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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.4M
WAREHOUSE, STORAGE
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1985
Heating
NONE
Units
5
Bathrooms
7
Lot
0.15 ac
Current owner
From public records · entity-resolved
Felipe Jesus Jimenez
Individual
Free & Clear · 2 yrs held
Mailing address
321 N ORANGE AVE, FALLBROOK, CA 92028-2154
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
Jun 27, 2024
—
Felipe Jesus Jimenez
Concepcion Jimenez
Deed
related
—
Apr 26, 2024
$1,165,000
Felipe Jesus Jimenez
Glen F Poorbaugh
Grant Deed
$465,000 · Poorbaugh Family Trust
Apr 26, 2024
—
Felipe Jesus Jimenez
Concepcion Jimenez
Intrafamily Transfer
related
—
Sep 23, 2019
$985,000
Glen F Poorbaugh
Castleforte LLC
Grant Deed
$600,000 · Opus Bank
Jul 11, 2017
$575,000
Castelforte LLC
Sperling,jill
Grant Deed
—
Mar 7, 2017
—
Jill Sperling
Sperling,gary
Quit Claim Deed
related
—
Jan 28, 2010
—
Kent Williams
Williams,stephanie
Quit Claim Deed
related
—
Jun 22, 2006
—
Gary Sperling
Gary Wayne Sperling
Intrafamily Transfer
related
$507,500 · Suntrust Mortgage INC
Jul 8, 2005
$550,000
Gary Wayne Sperling
David C Bacon
Grant Deed
$440,000 · Sunrise Bank Of San Diego
Feb 4, 1993
$246,822
Fed S Western
Kartiganer,rober
Trustees Deed
related
—
Aug 7, 1989
—
Kartiganer Rober
Kartiganer Rober
Quit Claim Deed
related
$232,000 · Western Federal Savings & Loan
—
—
David C Bacon
—
Deed Of Trust
related
$136,000 · Carteret Savings 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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