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Property profile & analytics
OFF-MARKET
Estimated value
$2,640,000
Apartment buildings
134 Jason St 36 Encinitas, CA 92024-1625
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6930579
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1970
Total area
4,140 SF
Lot
0.25 ac (10,683 SF)
Zoning code
R-3:RESTRICTED MULTIPLE
APN
254-254-07-00
UPID
US09-6930579
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
$2.59M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.98M
Blend (final)
Blend
$2.64M
Owner & transaction history
Rpg Jason Street LLC · 3 yrs held
Rpg Jason Street LLC
since 2023
Last sale
$2.8M
6 recorded transactions
Zoning & alternative use
R-3:RESTRICTED MULTIPLE · Encinitas, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$3.7M
+69.4%
Retail stores
$3.3M
+51.9%
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 Encinitas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Encinitas 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
$2,460,000
ML approach
$2,590,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,205,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$3,730,000
Change: +69% · Conversion: Difficult
RETAIL STORES
$3,345,000
Change: +52% · Conversion: Difficult
MEDICAL BUILDING
$1,965,000
Change: -11% · Conversion: Moderate
Blend value · Realmo final
$2.64M
Range $2.38M – $2.90M · ±10% · vs last sale $2.75M (Apr 17 2023)
Last sale anchor
$2.75M
Apr 17 2023
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
$638 / 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
$32,799
Tax year 2024
Assessed value
$2,805,000
Assessed 2024
Previous assessed
$2,805,000
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$2,397,000
Assessed improvement
$408,000
Applied tax rate
19.0000
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
1970
Heating
NONE
Units
5
Bathrooms
6
Total area
4,140 SF
Lot
0.25 ac (10,683 SF)
Zoning code
R-3:RESTRICTED MULTIPLE
APN
254-254-07-00
UPID
US09-6930579
Jurisdiction
SAN DIEGO
Zoning & alternative use
R-3:RESTRICTED MULTIPLE · Encinitas, CA
Zoning R-3:RESTRICTED MULTIPLE · permitted uses
R-3:RESTRICTED MULTIPLE · Encinitas, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Encinitas. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.7M
RETAIL STORES
Est. value
$3.3M
MEDICAL BUILDING
Est. value
$2.0M
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
MEDICAL BUILDING
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
1970
Heating
NONE
Units
5
Bathrooms
6
Lot
0.25 ac
Current owner
From public records · entity-resolved
Rpg Jason Street LLC
Entity
Mailing address
315 S COAST HWY 101U12, ENCINITAS, CA 92024-3543
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 17, 2023
$2,750,000
Rpg Jason Street LLC
Jrreh LLC
Grant Deed
$1,200,000 · First Republic Bank
Sep 28, 2007
—
Joukar Rabjohn R/e Holdings
Joukar-rabjohn Family Trust
Quit Claim Deed
—
Jun 15, 2007
$1,195,000
Joukar-rabjohn Family Trust
Voge,gloria K
Grant Deed
—
Sep 30, 1996
—
Lee A Rotsheck
—
Grant Deed
related
$142,500 · First International Bank
—
—
Gloria K Voge
—
Deed Of Trust
related
$350,000 · World Savings Bank
—
—
Gloria K Voge
—
Deed Of Trust
related
$500,000 · World Savings
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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