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Property profile & analytics
OFF-MARKET
Estimated value
$1,150,000
Apartment buildings
133 Parkridge Ave Corona, CA 92879
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-3088465
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1985
Construction
WOOD
Total area
5,432 SF
Lot
3.87 ac (168,577 SF)
Zoning code
C3
APN
122-140-009
UPID
US09-3088465
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
$1.05M
CAP Approach
CAP
$1.26M
Comparable Approach
Comparable
$1.14M
Blend (final)
Blend
$1.15M
Owner & transaction history
Parkridge 23 LLC · 6 yrs held
Parkridge 23 LLC
since 2020
7 recorded transactions
Zoning & alternative use
C3 · Corona, 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 Corona submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Corona 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
$1,050,000
CAP Approach
CAP Return
Estimation
6%
$1,360,000
6.5%
$1,255,000
7%
$1,165,000
Blend value · Realmo final
$1.15M
Range $1.04M – $1.27M · ±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
$212 / 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
$128,208
Tax year 2024
Assessed value
$11,468,862
Assessed 2024
Previous assessed
$11,468,862
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$2,413,889
Assessed improvement
$9,054,973
Applied tax rate
4.0000
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
Construction
WOOD
Heating
NONE
Buildings
3
Stories
2
Units
13
Total area
5,432 SF
Lot
3.87 ac (168,577 SF)
Zoning code
C3
APN
122-140-009
UPID
US09-3088465
Jurisdiction
RIVERSIDE
Zoning & alternative use
C3 · Corona, CA
Zoning C3 · permitted uses
C3 · Corona, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Corona. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1985
Construction
WOOD
Heating
NONE
Stories
2
Buildings
3
Units
13
Lot
3.87 ac
Current owner
From public records · entity-resolved
Parkridge 23 LLC
Entity
Free & Clear · 6 yrs held
Mailing address
187 HOCH WAY, HEMET, CA 92545-8872
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
21 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 4, 2020
—
Parkridge 23 LLC
Garfield 40 Property LLC
Quit Claim Deed
—
May 20, 2008
—
89 Parkridge LLC
89 Parkridge LLC
Grant Deed
related
$7,800,000 · Washington Mutual Bank
Apr 30, 2003
—
Newport Lake LLC
Allen Properties Group 39 LLC
Grant Deed
$5,300,000 · Citibank West Fsb
Mar 20, 2002
—
Koncepts Kroeze
Kroeze,steven H Etal
Quit Claim Deed
related
—
Sep 18, 2001
—
Allen Properties-group 39 LLC
Aanenson Properties
Grant Deed
$4,391,000 · California Federal Bank
Apr 1, 1989
$227,000
Dragt Vernon W &
Cambio Propertie
Trustees Deed
—
Apr 1, 1989
$27,500
Coleman James W
Cambio Propertie
Trustees Deed
related
—
Apr 1, 1989
$31,000
Sun Ning & Liang
Cambio Propertie
Trustees Deed
related
—
Apr 1, 1989
$453,500
Boerner Allen L
Cambio Propertie
Trustees Deed
related
—
Apr 1, 1989
$93,500
Chin Henry S & N
Cambio Propertie
Trustees Deed
related
—
Apr 1, 1989
$45,500
Ivens James W &
Cambio Propertie
Trustees Deed
related
—
Apr 1, 1989
$29,500
Butler Michael R
Cambio Propertie
Trustees Deed
related
—
Apr 1, 1989
$136,000
Gardner Robert M
Cambio Propertie
Trustees Deed
related
—
Apr 1, 1989
$37,000
Mahler Gayle G
Cambio Propertie
Trustees Deed
related
—
Apr 1, 1989
$510,500
Cambio Propertie
Cambio Parkridge
Grant Deed
related
—
Apr 1, 1989
—
Gardner Robert M
Mahler Gayle G
Trustees Deed
related
—
Apr 1, 1989
$95,000
Boerner Ronald P
Cambio Propertie
Trustees Deed
related
—
—
—
Parkridge/jma Apartment Fund
—
Deed Of Trust
related
$2,100,000 · Mason Mcduffie Mortgage Co
—
—
Jma Apartment Fund I Parkridge
—
Deed Of Trust
related
$1,900,000 · Hawthorne Savings Bank Fsb
—
—
Charles Aanenson
—
Deed Of Trust
related
$3,150,000 · California Federal Bank
—
—
89 Parkridge LLC
—
Deed Of Trust
related
$7,500,000 · Walker & Dunlop
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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