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Property profile & analytics
OFF-MARKET
Estimated value
$3,535,000
Apartment buildings
1435 Cir City Dr Corona, CA 92879-1669
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0785187
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1986
Construction
WOOD
Total area
11,808 SF
Lot
0.73 ac (31,798 SF)
Zoning code
R106
APN
111-280-025
UPID
US09-0785187
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
$3.63M
CAP Approach
CAP
$2.73M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.54M
Owner & transaction history
Garnsey Property LLC · 5 yrs held
Garnsey Property LLC
since 2021
Last sale
$3.4M
7 recorded transactions
Zoning & alternative use
R106 · Corona, 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 Corona submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Corona 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
$3,655,000
ML approach
$3,630,000
CAP Approach
CAP Return
Estimation
6%
$2,955,000
6.5%
$2,730,000
7%
$2,535,000
Blend value · Realmo final
$3.54M
Range $3.18M – $3.89M · ±10% · vs last sale $3.43M (Feb 22 2021)
Last sale anchor
$3.43M
Feb 22 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
$299 / 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
$40,594
Tax year 2024
Assessed value
$3,634,637
Assessed 2024
Previous assessed
$3,634,637
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$689,785
Assessed improvement
$2,944,852
Applied tax rate
4.0000
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
1986
Construction
WOOD
Heating
NONE
Stories
2
Units
16
Total area
11,808 SF
Lot
0.73 ac (31,798 SF)
Zoning code
R106
APN
111-280-025
UPID
US09-0785187
Jurisdiction
RIVERSIDE
Zoning & alternative use
R106 · Corona, CA
Zoning R106 · permitted uses
R106 · Corona, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Corona. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1986
Construction
WOOD
Heating
NONE
Stories
2
Units
16
Lot
0.73 ac
Current owner
From public records · entity-resolved
Garnsey Property LLC
Entity
Mailing address
939 S CREEKVIEW LN, ANAHEIM, CA 92808-1444
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
Feb 22, 2021
$3,425,000
Garnsey Property LLC
Raymond M Garcia
Grant Deed
$2,364,000 · Homestreet Bank
Mar 1, 2017
—
Raymond M Garcia
Raymond M Garcia
Intrafamily Transfer
related
$1,287,500 · Luther Burbank Savings
Feb 4, 2011
—
Garcia Family Trust
Five Crowns Property Mgmt LLC
Grant Deed
—
Apr 26, 2006
—
Five Crowns Property Management LLC
Raymond M Garcia
Grant Deed
$800,000 · Washington Mutual Bank Fa
Jul 20, 2000
$800,000
Raymond M Garcia
Smith,george J & Deanne H
Grant Deed
—
—
—
Raymond M Garcia
—
Deed Of Trust
related
$600,000 · Fullerton Community Bank Fsb
—
—
Garcia,tr
—
Deed Of Trust
related
$835,000 · 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.
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