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Property profile & analytics
OFF-MARKET
Estimated value
$16,995,000
Apartment buildings
15195 Lincoln St Lake Elsinore, CA 92530-5269
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-2427729
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1985
Construction
WOOD
Total area
13,696 SF
Lot
5.29 ac (230,432 SF)
Zoning code
CP
APN
379-111-015
UPID
US10-2427729
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
-
Lakehouse Apartments Apartment Rental Agency Condominium Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$12.29M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$17.00M
Owner & transaction history
Prism Lake LP · 5 yrs held
Prism Lake LP
since 2020
Last sale
$23.5M
7 recorded transactions
Zoning & alternative use
CP · 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
Method
Estimation
Statistic approach
$17,325,000
ML approach
$12,290,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$17.00M
Range $15.30M – $18.69M · ±10% · vs last sale $23.50M (Dec 7 2020)
Last sale anchor
$23.50M
Dec 7 2020
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
$1,241 / 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
$228,688
Tax year 2024
Assessed value
$21,785,562
Assessed 2024
Previous assessed
$21,785,562
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$4,244,832
Assessed improvement
$17,540,730
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 (100+ UNITS)
Status
Off-Market
Year built
1985
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
2
Units
8
Total area
13,696 SF
Lot
5.29 ac (230,432 SF)
Zoning code
CP
APN
379-111-015
UPID
US10-2427729
Jurisdiction
RIVERSIDE
Zoning & alternative use
CP · Lake Elsinore, CA
Zoning CP · permitted uses
CP · 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
1985
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
2
Units
8
Lot
5.29 ac
Current owner
From public records · entity-resolved
Prism Lake LP
Entity
Mailing address
6349 RIVERSIDE AVE, RIVERSIDE, CA 92506-3163
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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 2, 2022
—
Prism Lake LP
—
Deed
related
$19,832,000 · Flagstar Bank NA
Dec 7, 2020
$23,500,000
Prism Lake LP
The Parker Equity Fund LLC
Grant Deed
$17,400,000 · Walker & Dunlop LLC
Oct 30, 2017
$15,200,000
Parker Equity Fund LLC
Providence North Lake Apts LLC
Grant Deed
—
Apr 17, 2014
$4,406,500
Providence North Lake Apartmen
Dav-a North Lake LLC
Grant Deed
—
Mar 24, 2006
—
Dav-a North Lake LLC
Consolidated Lauco Systems
Quit Claim Deed
related
—
Dec 28, 2005
$6,669,500
Dav-a North Lake LLC
Als Lakeside
Grant Deed
—
Nov 15, 1999
—
Lakeside Steadfast
Steadfast,lsa
Quit Claim Deed
related
—
Jul 16, 1998
—
Lisa Steadfast
Lakeside Apartments,
Grant Deed
related
—
Sep 15, 1997
—
Lakeside Apartments LLC
Kbl Acquisition INC
Grant Deed
related
—
Dec 17, 1992
$500,000
Kbl Acquisition INC
Vanhorne,fred E
Grant Deed
—
Jan 1, 1990
—
Fred E Vanhorne
Elsinore Lakesid
Grant Deed
related
—
—
—
Providence North Lake Apartme
—
Loan Modification
related
$3,843,943 · Bank Of Ny Mellon Tr Co NA
—
—
Providence North Lake Apartmen
—
Deed Of Trust
related
$7,860,000 · Berkeley Point Cap
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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