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Property profile & analytics
OFF-MARKET
Estimated value
$595,000
Apartment buildings
1421 Harrison St Stockton, CA 95203-1849
Individually Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2120708
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1951
Construction
WOOD
Total area
2,976 SF
Lot
0.17 ac (7,500 SF)
Zoning code
R1
APN
137-091-080-000
UPID
US09-2120708
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
$575k
CAP Approach
CAP
$555k
Comparable Approach
Comparable
$599k
Blend (final)
Blend
$595k
Owner & transaction history
Manuel Ortiz · 2 yrs held
Manuel Ortiz
since 2023
Last sale
$600,000
7 recorded transactions
Zoning & alternative use
R1 · Stockton, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$735,000
+68.1%
Office building
$550,000
+25.7%
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 Stockton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Stockton 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
$590,000
ML approach
$575,000
CAP Approach
CAP Return
Estimation
6%
$605,000
6.5%
$555,000
7%
$515,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$435,000
Current use
MEDICAL BUILDING
$735,000
Change: +68% · Conversion: Moderate
OFFICE BUILDING
$550,000
Change: +26% · Conversion: Moderate
COMMERCIAL (GENERAL)
$435,000
Change: 0% · Conversion: Moderate
AUTO REPAIR, GARAGE
$430,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$595k
Range $536k – $655k · ±10% · vs last sale $600k (Dec 28 2023)
Last sale anchor
$600k
Dec 28 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
$200 / 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
$7,577
Tax year 2024
Assessed value
$600,000
Assessed 2024
Previous assessed
$600,000
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$150,000
Assessed improvement
$450,000
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
1951
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
WALL UNIT
Stories
2
Units
5
Bathrooms
5
Total area
2,976 SF
Lot
0.17 ac (7,500 SF)
Zoning code
R1
APN
137-091-080-000
UPID
US09-2120708
Jurisdiction
SAN JOAQUIN
Zoning & alternative use
R1 · Stockton, CA
Zoning R1 · permitted uses
R1 · Stockton, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Stockton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$435,000
MEDICAL BUILDING
Est. value
$735,000
OFFICE BUILDING
Est. value
$550,000
COMMERCIAL (GENERAL)
Est. value
$435,000
AUTO REPAIR, GARAGE
Est. value
$430,000
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1951
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
2
Units
5
Bathrooms
5
Lot
0.17 ac
Current owner
From public records · entity-resolved
Manuel Ortiz
Individual
Mailing address
840 S 7TH ST, SAN JOSE, CA 95112-3940
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 28, 2023
$600,000
Manuel Ortiz
Denise D Irmen
Grant Deed
$420,000 · Hometown Equity Mortgage
Jan 3, 2020
—
Irmen,d D Separate Prop Trust
Irmen Steve & Denise Trust
Quit Claim Deed
related
—
May 30, 2014
—
Irmen,steve & Denise Trust
Irmen,steve & Denise
Quit Claim Deed
related
—
Dec 10, 2012
$250,000
Steve Irmen
Khan,saeed I
Grant Deed
—
Jan 22, 2009
$153,000
Saeed I Khan
Us Bank NA 2006-ch2
Grant Deed
$107,000 · Oro Financial California
Jan 22, 2009
—
Saeed I Khan
Khan,asyah R
Quit Claim Deed
related
—
Sep 5, 2008
$237,656
Us Bank NA 2006-ch2
Ndex West LLC
Trustees Deed
related
—
May 1, 2006
$465,000
James Wu
Jian Liu Cheng
Grant Deed
$372,000 · Chase Bank USA NA
Nov 16, 2000
$120,000
Chen J Liu
Federal Home Loan Mtg Corp
Grant Deed
—
Mar 28, 2000
$102,809
Federal Home Loan Mtg Corp
Diaz,bruno O
Trustees Deed
related
—
Sep 8, 1992
—
Bruno O Diaz
—
Deed Of Trust
related
—
—
—
James Wu
—
Deed Of Trust
related
$93,000 · Citibank West Fsb
—
—
Cheng J Liu
—
Deed Of Trust
related
$350,000 · Jinpu Li
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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