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Property profile & analytics
OFF-MARKET
Estimated value
$1,845,000
Apartment buildings
12719 Laurel St, Lakeside, CA 92040-2142
Trust Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9458602
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2015
Total area
8,380 SF
Lot
0.42 ac (18,090 SF)
Zoning code
R-4:MULTIPLE RESIDENTIAL
APN
394-560-10-00
UPID
US09-9458602
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
by Request
CAP Approach
CAP
$2.14M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.85M
Owner & transaction history
Schiffman Family Trust · 10 yrs held
Schiffman Family Trust
since 2016
5 recorded transactions
Zoning & alternative use
R-4:MULTIPLE RESIDENTIAL · Lakeside, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.0M
+14.5%
Retail stores
$2.8M
+4.9%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,320,000
6.5%
$2,140,000
7%
$1,990,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,640,000
Current use
OFFICE BUILDING
$3,020,000
Change: +15% · Conversion: Moderate
RETAIL STORES
$2,765,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$1.85M
Range $1.66M – $2.03M · ±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
$220 / 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
$30,805
Tax year 2024
Assessed value
$2,437,224
Assessed 2024
Previous assessed
$2,437,224
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$986,494
Assessed improvement
$1,450,730
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
2015
Heating
NONE
Units
10
Bathrooms
10
Total area
8,380 SF
Lot
0.42 ac (18,090 SF)
Zoning code
R-4:MULTIPLE RESIDENTIAL
APN
394-560-10-00
UPID
US09-9458602
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
$2.6M
OFFICE BUILDING
Est. value
$3.0M
RETAIL STORES
Est. value
$2.8M
APARTMENT HOUSE (5+ UNITS) Current
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
2015
Heating
NONE
Units
10
Bathrooms
10
Lot
0.42 ac
Current owner
From public records · entity-resolved
Schiffman Family Trust
Trust
Mailing address
2525 CAMINO DEL RIO S STE #170, SAN DIEGO, CA 92108-3718
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 19, 2016
$2,100,000
Schiffman Family Trust
Lakeside Partners Nb LLC
Grant Deed
—
Jan 13, 2016
—
Schiffman Family Trust
Lakeside Partners Nb LLC
Grant Deed
—
Dec 5, 2012
$269,000
Lakeside Partners Nb LLC
Mcmillin,patrick F
Grant Deed
—
Nov 29, 2011
$167,500
Patrick F Mcmillin
Statewide Reconveyance
Trustees Deed
related
—
—
—
Williams G F & G J 2002 Trust
—
Deed Of Trust
related
$210,000 · California Bank & Trust
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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