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Property profile & analytics
OFF-MARKET
Estimated value
$7,020,000
Apartment buildings
1531 Rialto Ave Rialto, CA 92376
Entity Owned
11-yr Hold
Property ID
US10-1550925
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1985
Construction
WOOD FRAME
Total area
42,978 SF
Lot
2.38 ac (103,672 SF)
APN
0246-201-09-0000
UPID
US10-1550925
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
$8.37M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.02M
Owner & transaction history
Hoki LLC · 11 yrs held
Hoki LLC
since 2015
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$11.6M
+26.3%
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 Rialto submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rialto 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%
$9,060,000
6.5%
$8,365,000
7%
$7,765,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$9,160,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$11,570,000
Change: +26% · Conversion: Difficult
Blend value · Realmo final
$7.02M
Range $6.32M – $7.72M · ±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
$163 / 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
$67,647
Tax year 2023
Assessed value
$6,457,001
Assessed 2024
Previous assessed
$6,330,393
+2.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$1,472,857
Assessed improvement
$4,984,144
Applied tax rate
6.0000
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
1985
Construction
WOOD FRAME
Heating
NONE
Units
50
Rooms
3
Bathrooms
1
Total area
42,978 SF
Lot
2.38 ac (103,672 SF)
APN
0246-201-09-0000
UPID
US10-1550925
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
$9.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$11.6M
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
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
1985
Construction
WOOD FRAME
Heating
NONE
Units
50
Rooms
3
Bathrooms
1
Lot
2.38 ac
Current owner
From public records · entity-resolved
Hoki LLC
Entity
Mailing address
8479 VICTORIA AVE, RIVERSIDE, CA 92504-5002
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
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
Oct 3, 2022
—
Hoki LLC
—
Deed
related
$6,350,000 · Jpmorgan Chase Bank NA
Sep 4, 2020
—
Hoki LLC
—
Deed
related
$4,400,000 · Jpmorgan Chase Bank NA
Jul 21, 2017
—
Hoki LLC
—
Deed
related
$25,000 · Jpmorgan Chase Bank NA
Jun 11, 2015
$5,480,000
Hoki LLC
Grandway Capital Holdings LLC
Grant Deed
$3,410,000 · Jpmorgan Chase Bank NA
Nov 14, 2012
$3,970,000
Grandway Capital Holdings LLC
1531 W Rialto Avenue Associate
Grant Deed
—
Apr 9, 2010
$3,000,000
1531 W Rialto Avenue Asso Ll
East West Bk
Grant Deed
—
Feb 23, 2010
$3,096,000
East West Bk
Fidelity Natl Title Co
Trustees Deed
related
—
Aug 4, 2005
$5,300,000
Powerhouse Marketing INC
Su Family Trust
Grant Deed
$3,954,000 · United Commercial Bank
Dec 3, 1996
—
Peter K Etal Su
Whba Rl Est LP,
Grant Deed
related
—
Feb 9, 1996
$1,085,529
Whba Real Estate LP
Karcher Barry Co
Trustees Deed
—
Jun 2, 1992
$276,000
Reginald B Boutet
Cpe Exchange INC
Grant Deed
$1,561,875 · Anavest Partners
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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