Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$52,880,000
Apartment buildings
1415 Lexington Ave El Cajon, CA 92019-1953
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8087546
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1971
Total area
9,999 SF
Lot
5.78 ac (251,776 SF)
Zoning code
R-3:RESTRICTED MULTIPLE
APN
511-280-46-00
UPID
US09-8087546
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
-
Appliance Repair Service - Refrigerator - Oven - Washer...etc Home Appliance Store
-
Lexington Green Apartments Real Estate Agency
-
Strickly Water Big Box & Wholesale Store
-
White TaxiCab Courier Service
-
Stars Garage Doo'r Repair- Garage Spring & Opener Service Building Supply General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$52.88M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$52.88M
Owner & transaction history
Lexington Green Community Partners · 1 yrs held
Lexington Green Community Partners
since 2024
Last sale
$52.9M
7 recorded transactions
Zoning & alternative use
R-3:RESTRICTED MULTIPLE · El Cajon, 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 El Cajon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs El Cajon 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
$52,880,000
ML approach
$52,880,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$52.88M
Range $47.59M – $58.17M · ±10% · vs last sale $52.88M (Aug 2 2024)
Last sale anchor
$52.88M
Aug 2 2024
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
$5,289 / 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
$83,562
Tax year 2024
Assessed value
$22,472,782
Assessed 2024
Previous assessed
$22,472,782
+0.0% YoY
Effective rate
0.37%
On assessed value
Assessed land
$12,360,030
Assessed improvement
$10,112,752
Applied tax rate
3.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1971
Heating
NONE
Units
144
Total area
9,999 SF
Lot
5.78 ac (251,776 SF)
Zoning code
R-3:RESTRICTED MULTIPLE
APN
511-280-46-00
UPID
US09-8087546
Jurisdiction
SAN DIEGO
Zoning & alternative use
R-3:RESTRICTED MULTIPLE · El Cajon, CA
Zoning R-3:RESTRICTED MULTIPLE · permitted uses
R-3:RESTRICTED MULTIPLE · El Cajon, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
El Cajon. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1971
Heating
NONE
Units
144
Lot
5.78 ac
Current owner
From public records · entity-resolved
Lexington Green Community Partners
Entity
Mailing address
17782 NW SKY PARK CIR STE #200, IRVINE, CA 92614-6404
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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 2, 2024
$52,880,000
Lexington Green Community Partners
Lexington Green Apartments LP
Grant Deed
$13,000,000 · Wilmington Trust NA
Jul 9, 2021
—
Lexington Green Apartments LP
—
Deed
related
$32,312 · Greystone Servicing Company LLC
Aug 21, 2019
$39,700,000
Lexington Gree Apartments LP
Steadfast Lexington Green LP
Grant Deed
$31,000,000 · Greystone Svcng Corp
Apr 19, 2007
$17,800,000
Lexington Green Steadfast
Katleman Jerald L Trust
Grant Deed
$17,879,200 · California Stwd Cmntys Dev Aut
May 12, 1994
—
Jerald L Etal Katleman
Katleman,jerald
Quit Claim Deed
related
—
—
—
Jerald L Katleman
—
Deed Of Trust
related
$4,719,500 · Tri Capital Corp
—
—
Katleman Trust
—
Deed Of Trust
related
$4,700,000 · Washington Mutual Fsb
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1415 Lexington Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
