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Property profile & analytics
OFF-MARKET
Apartment buildings
15120 Grand Ave Lake Elsinore, CA 92530-5415
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-3289841
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1988
Construction
WOOD
Total area
13,580 SF
Lot
5 ac (217,800 SF)
Zoning code
R3
APN
379-050-036
UPID
US10-3289841
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
-
Shoreline Apartments Apartment Building Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
15150 Grand Ave LLC · 4 yrs held
15150 Grand Ave LLC
since 2021
Last sale
$46.0M
7 recorded transactions
Zoning & alternative use
R3 · Lake Elsinore, 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 Lake Elsinore submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake Elsinore 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$335,789
Tax year 2024
Assessed value
$32,352,670
Assessed 2024
Previous assessed
$32,352,670
+0.0% YoY
Effective rate
1.04%
On assessed value
Assessed land
$7,022,700
Assessed improvement
$25,329,970
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
1988
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Buildings
3
Stories
2
Units
6
Total area
13,580 SF
Lot
5 ac (217,800 SF)
Zoning code
R3
APN
379-050-036
UPID
US10-3289841
Jurisdiction
RIVERSIDE
Zoning & alternative use
R3 · Lake Elsinore, CA
Zoning R3 · permitted uses
R3 · Lake Elsinore, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lake Elsinore. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1988
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
3
Units
6
Lot
5 ac
Current owner
From public records · entity-resolved
15150 Grand Ave LLC
Entity
Mailing address
1600 ROSECRANS AVE1A#203, MANHATTAN BCH, CA 90266-3708
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 10, 2021
$46,000,000
15150 Grand Ave LLC
Hgef Holding Company LLC
Grant Deed
$39,336,000 · Greystone Servicing Company LLC
Dec 4, 2018
—
Hgef Holding Co LLC
—
Grant Deed
related
$21,390,000 · Berkadia Com'l Mtg
May 31, 2017
$24,000,000
Hgef Holding Co LLC
Providence II Harbor Grand A
Trustees Deed
$21,650,000 · Argentic R/e Inv LLC
May 20, 2015
$7,348,500
Providence II Harbor Grand Apartmen
Pi Properties #22 LLC
Grant Deed
—
Mar 21, 2013
—
Wash Multifamily Laundry Syste
Pi Properties No 22 LLC
Grant Deed
related
—
Nov 13, 2012
$11,550,000
Pi Properties No 22 LLC
Jpmcc 2006-lpd6 Lake Elsinore
Grant Deed
—
Oct 29, 2012
—
Pi Properties No 22 LLC
—
Deed Of Trust
related
$9,700,000 · Vivi Properties LP
Jan 14, 2011
$8,610,000
Jpmcc 2006-ldp6 Lake Elsinore
First American Title Ins
Trustees Deed
related
—
Feb 23, 2006
—
Harbor Grand Apartments Investors L
California Harbor LP
Grant Deed
$18,500,000 · Nomura Credit & Capital INC
Apr 30, 2002
—
California Harbour LP
Del Cano Harbor Grand LP
Grant Deed
related
—
Jul 31, 1995
$4,696,000
Magellan Harbor Grand LP
Federal Home Loan Mtg Corp
Grant Deed
$3,562,500 · Federal Home Loan Mortgage Cor
Sep 26, 1994
$3,440,000
Federal Home Loan Mtg Corp
Buccella Trust
Trustees Deed
related
—
—
—
Buccella Frankli
—
Deed Of Trust
related
$4,300,000 · Great American Fed'l Savings
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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