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Property profile & analytics
OFF-MARKET
Estimated value
$6,865,000
Apartment buildings
12802 Mapleview St Lakeside, CA 92040-2002
Individually Owned
21-yr Hold
~
Est. High Equity
Property ID
US09-9629639
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1979
Total area
44,144 SF
Lot
2.39 ac (104,108 SF)
Zoning code
R-3:RESTRICTED MULTIPLE
APN
394-480-17-00
UPID
US09-9629639
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
Current use
Occupant on record · Public records
-
Summit Creek Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.87M
Owner & transaction history
Kenneth R Downing · 21 yrs held
Kenneth R Downing
since 2005
7 recorded transactions
Zoning & alternative use
R-3:RESTRICTED MULTIPLE · Lakeside, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.87M
Range $6.18M – $7.55M · ±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
$156 / 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
$126,300
Tax year 2024
Assessed value
$7,980,860
Assessed 2024
Previous assessed
$7,980,860
+0.0% YoY
Effective rate
1.58%
On assessed value
Assessed land
$2,965,488
Assessed improvement
$5,015,372
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
1979
Heating
NONE
Units
62
Total area
44,144 SF
Lot
2.39 ac (104,108 SF)
Zoning code
R-3:RESTRICTED MULTIPLE
APN
394-480-17-00
UPID
US09-9629639
Jurisdiction
SAN DIEGO
Zoning & alternative use
R-3:RESTRICTED MULTIPLE · Lakeside, CAZoning 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
Building & site characteristics
From public records
Year built
1979
Heating
NONE
Units
62
Lot
2.39 ac
Current owner
From public records · entity-resolved
Kenneth R Downing
Individual
Mailing address
PO BOX 422, SANTA MONICA, CA 90406-0422
Ownership since
2005
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
Apr 25, 2023
—
12802 Mapleview LLC
—
Deed
related
$7,500,000 · First Republic Bank
Jul 6, 2016
—
12802 Mapleview LLC
—
Deed
related
$5,200,000 · Jpmorgan Chase Bank NA
Feb 2, 2005
—
Kenneth R Downing
Downing,yung P
Quit Claim Deed
—
Feb 2, 2005
$2,885,000
12802 Mapleview LLC
Downing,kenneth R
Grant Deed
—
Sep 29, 2003
—
Grundman,tr
Grundman,tr
Quit Claim Deed
related
$3,000,000 · Citibank West Fsb
Aug 11, 2003
—
R Grundman LP G
Grundman,tr
Quit Claim Deed
related
—
Sep 21, 1994
$2,025,000
Grundman Trust
Western Financial Savings Bank
Grant Deed
$1,620,000 · Western Financial Savings Bank
Jun 2, 1994
$1,900,000
Western Financial Savings Bank
Francis W Ruddle
Trustees Deed
related
—
—
—
Grundman Trust
—
Deed Of Trust
related
$2,075,500 · Fidelity Fsb
—
—
12802 Mapleview LLC
—
Deed Of Trust
related
$750,000 · Citibank West Fsb
—
—
Francis W Ruddle
—
Deed Of Trust
related
$1,939,000 · Western Financial 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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