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Property profile & analytics
OFF-MARKET
Estimated value
$6,655,000
Apartment buildings
1408 Orange Ave Redlands, CA 92373-1415
Individually Owned
7-yr Hold
Property ID
US10-1550953
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1990
Construction
WOOD FRAME
Total area
53,643 SF
Lot
4.21 ac (183,387 SF)
APN
0292-201-31-0000
UPID
US10-1550953
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
$7.31M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.66M
Owner & transaction history
Douglas B Chaffee · 7 yrs held
Douglas B Chaffee
since 2018
6 recorded transactions
Zoning & alternative use
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 Redlands submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Redlands 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%
$7,915,000
6.5%
$7,305,000
7%
$6,785,000
Blend value · Realmo final
$6.66M
Range $5.99M – $7.32M · ±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
$124 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$102,408
Tax year 2023
Assessed value
$8,555,166
Assessed 2024
Previous assessed
$8,387,418
+2.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$724,171
Assessed improvement
$7,830,995
Applied tax rate
5.0000
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
1990
Construction
WOOD FRAME
Heating
NONE
Stories
2
Units
68
Total area
53,643 SF
Lot
4.21 ac (183,387 SF)
APN
0292-201-31-0000
UPID
US10-1550953
Jurisdiction
SAN BERNARDINO
Zoning & alternative use
Zoning · permitted uses
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
1990
Construction
WOOD FRAME
Heating
NONE
Stories
2
Units
68
Lot
4.21 ac
Current owner
From public records · entity-resolved
Douglas B Chaffee
Individual
Mailing address
315 MARION BLVD, FULLERTON, CA 92835-3528
Ownership since
2018
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
May 11, 2020
—
Douglas S Chaffee
—
Deed
related
$4,900,000 · Homestreet Bank
Jul 30, 2018
—
Douglas B Chaffee
Douglas B Chaffee
Intrafamily Transfer
related
$4,700,000 · Homestreet Bank
Dec 13, 2006
—
Chaffee Family Trust
Arroyo Vista Apartments LLC
Grant Deed
$5,000,000 · Arcs Commercial Mortgage Co LP
Oct 2, 2002
—
Arroyo Viata Apts
Chaffer,douglas B Etal
Grant Deed
related
—
Feb 11, 1994
—
Calif I Southern
—
Deed Of Trust
related
—
—
—
Apartment Garden
—
Deed Of Trust
related
$3,600,000 · Bank Of America
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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