New search
Property profile & analytics
OFF-MARKET
Estimated value
$4,975,000
Apartment buildings
139 Avocado St 49 Encinitas, CA 92024-1007
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-8922705
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1980
Total area
4,288 SF
Lot
0.5 ac (21,780 SF)
Zoning code
R-3:RESTRICTED MULTIPLE
APN
254-030-25-00
UPID
US09-8922705
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
-
White Sands Spa Service & Repair Inc Kitchen & Bath Showroom Home Appliance Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.87M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.09M
Blend (final)
Blend
$4.98M
Owner & transaction history
F & F Encinitas Bech Colony LP · 4 yrs held
F & F Encinitas Bech Colony LP
since 2021
Last sale
$5.1M
7 recorded transactions
Zoning & alternative use
R-3:RESTRICTED MULTIPLE · Encinitas, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$7.0M
+208.8%
Neighborhood: shopping center
$3.9M
+69.4%
Retail stores
$3.5M
+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
$4,825,000
ML approach
$4,865,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$7,045,000
Change: +209% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$3,865,000
Change: +69% · Conversion: Difficult
RETAIL STORES
$3,465,000
Change: +52% · Conversion: Difficult
Blend value · Realmo final
$4.98M
Range $4.48M – $5.47M · ±10% · vs last sale $5.10M (Sep 8 2021)
Last sale anchor
$5.10M
Sep 8 2021
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
$1,160 / 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
$43,287
Tax year 2024
Assessed value
$3,717,360
Assessed 2024
Previous assessed
$3,717,360
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$3,121,200
Assessed improvement
$596,160
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
1980
Heating
NONE
Units
7
Total area
4,288 SF
Lot
0.5 ac (21,780 SF)
Zoning code
R-3:RESTRICTED MULTIPLE
APN
254-030-25-00
UPID
US09-8922705
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
COMMERCIAL (GENERAL)
Est. value
$7.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.9M
RETAIL STORES
Est. value
$3.5M
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
1980
Heating
NONE
Units
7
Lot
0.5 ac
Current owner
From public records · entity-resolved
F & F Encinitas Bech Colony LP
Entity
Free & Clear · 4 yrs held
Mailing address
4060 30TH ST, SAN DIEGO, CA 92104-2602
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2025
—
F & F Encinitas Beach Colony LP
—
Deed
related
$5,700,000 · City National Bank
Sep 8, 2021
$5,100,000
F & F Encinitas Bech Colony LP
John S Bradley
Grant Deed
—
Sep 2, 2005
—
Bradley Family Trust
Bradley,linda M
Quit Claim Deed
related
—
Jul 17, 2002
$1,740,000
Linda M Bradley
Smith,v Q
Grant Deed
—
Sep 17, 1998
$850,000
Shorecliff Properties LLC
Henry Trust
Grant Deed
$750,000 · Seller
Jun 4, 1996
—
Robert R Henry Trust
Henry,robert R
Quit Claim Deed
related
—
—
—
Shorecliff Properties LLC
—
Deed Of Trust
related
$750,000 · Henry 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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