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Property profile & analytics
OFF-MARKET
Estimated value
$2,120,000
Apartment buildings
151 Palmetto Ave Ontario, CA 91762-3339
Individually Owned
18-yr Hold
Property ID
US10-1553700
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1964
Construction
WOOD FRAME
Total area
14,728 SF
Lot
0.42 ac (18,200 SF)
APN
1010-502-16-0000
UPID
US10-1553700
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
$2.87M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.12M
Owner & transaction history
Mission Village Apartments Ontario · 18 yrs held
Mission Village Apartments Ontario
since 2007
7 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 Ontario submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ontario 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%
$3,105,000
6.5%
$2,865,000
7%
$2,660,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,455,000
Current use
Blend value · Realmo final
$2.12M
Range $1.91M – $2.33M · ±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
$144 / 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
$27,812
Tax year 2023
Assessed value
$2,611,281
Assessed 2024
Previous assessed
$2,560,080
+2.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$239,061
Assessed improvement
$2,372,220
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
1964
Construction
WOOD FRAME
Heating
NONE
Stories
2
Units
15
Total area
14,728 SF
Lot
0.42 ac (18,200 SF)
APN
1010-502-16-0000
UPID
US10-1553700
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
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$3.5M
APARTMENT HOUSE (5+ UNITS) Current
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
1964
Construction
WOOD FRAME
Heating
NONE
Stories
2
Units
15
Lot
0.42 ac
Current owner
From public records · entity-resolved
Mission Village Apartments Ontario
Individual
Mailing address
824 S EUCLID ST, FULLERTON, CA 92832-2613
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2020
—
Mission Vlg Apts Ontario LLC
—
Grant Deed
related
$4,000,000 · Mufg Union Bk NA
Aug 15, 2007
—
Mission Village Apartments Ontario
John A Defalco
Grant Deed
$11,650,000 · Pacific Premier Bank
Feb 17, 2005
$15,100,000
John A Defalco
Palmetto Villas Investors LLC
Grant Deed
$11,325,000 · First Federal Bank Of California
May 8, 2003
—
Palmetto Villas Investors LLC
Palmetto Villas Apartments LLC
Quit Claim Deed
related
$9,130,000 · Arbor Commercial Mortgage LLC
Nov 30, 2001
—
Qf Fallbrook
Weinbeger,harold E Etal
Grant Deed
related
$7,206,000 · Heller Financial
Sep 15, 2000
—
Fallbrook Of LLC
Pi Properties #29
Grant Deed
$202,500 · Seller
Feb 27, 1998
—
Pi Prop 47
World,sla
Grant Deed
related
—
Jan 26, 1998
$497,000
World Savings Bank
Marley,gerald C & Judith K
Trustees Deed
related
—
—
—
Gerald C Marley
—
Deed Of Trust
related
$50,000 · Individual
—
—
Gerald C Marley
—
Deed Of Trust
related
—
—
—
Gerald C Marley
—
Deed Of Trust
related
—
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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