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Property profile & analytics
OFF-MARKET
Estimated value
$7,300,000
Apartment buildings
1535 Date St San Bernardino, CA 92404-8237
Entity Owned
3-yr Hold
Property ID
US10-1546996
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1984
Construction
WOOD FRAME
Total area
27,644 SF
Lot
1.34 ac (58,370 SF)
APN
0272-192-09-0000
UPID
US10-1546996
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
-
Date Park Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.25M
CAP Approach
CAP
$5.46M
Comparable Approach
Comparable
$6.96M
Blend (final)
Blend
$7.30M
Owner & transaction history
Westland All 2022 LLC · 3 yrs held
Westland All 2022 LLC
since 2022
Last sale
$7.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$12.0M
+138.4%
Restaurant
$11.3M
+124.0%
Commercial (general)
$8.3M
+65.1%
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 San Bernardino submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Bernardino 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
$7,305,000
ML approach
$7,250,000
CAP Approach
CAP Return
Estimation
6%
$5,910,000
6.5%
$5,455,000
7%
$5,065,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$5,040,000
Current use
OFFICE BUILDING
$12,020,000
Change: +138% · Conversion: Moderate
RESTAURANT
$11,290,000
Change: +124% · Conversion: Difficult
COMMERCIAL (GENERAL)
$8,325,000
Change: +65% · Conversion: Moderate
MEDICAL BUILDING
$8,000,000
Change: +59% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$7,440,000
Change: +48% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,545,000
Change: +10% · Conversion: Difficult
WAREHOUSE, STORAGE
$5,085,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$7.30M
Range $6.57M – $8.03M · ±10% · vs last sale $7.50M (Oct 13 2022)
Last sale anchor
$7.50M
Oct 13 2022
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
$264 / 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
$94,581
Tax year 2023
Assessed value
$7,803,000
Assessed 2024
Previous assessed
$7,650,000
+2.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$1,560,600
Assessed improvement
$6,242,400
Applied tax rate
7.0000
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
1984
Construction
WOOD FRAME
Heating
NONE
Units
40
Total area
27,644 SF
Lot
1.34 ac (58,370 SF)
APN
0272-192-09-0000
UPID
US10-1546996
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
$5.0M
OFFICE BUILDING
Est. value
$12.0M
RESTAURANT
Est. value
$11.3M
COMMERCIAL (GENERAL)
Est. value
$8.3M
MEDICAL BUILDING
Est. value
$8.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.4M
AUTO REPAIR, GARAGE
Est. value
$5.5M
WAREHOUSE, STORAGE
Est. value
$5.1M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1984
Construction
WOOD FRAME
Heating
NONE
Units
40
Lot
1.34 ac
Current owner
From public records · entity-resolved
Westland All 2022 LLC
Entity
Mailing address
520 W WILLOW ST, LONG BEACH, CA 90806-2831
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
23 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 13, 2022
—
Westland All 2022 LLC
Amusement Industry INC
Quit Claim Deed
related
$70,000,000 · Citibank NA
Apr 1, 2022
$7,500,000
Amusement Industry INC
Joy 2001 INC
Grant Deed
—
Oct 1, 2020
—
Joy 2001 INC
—
Deed
related
$338,777 · Oregon Trail Corporation
Aug 24, 2020
—
Joy 2001 INC
—
Deed
related
$3,094,000 · Orix Real Estate Capital LLC
Oct 23, 2019
—
Joy 2001 INC
—
Deed
related
$166,521 · Oregon Trail
Aug 1, 2018
—
Joy 2001 INC
—
Deed
related
$438,468 · Oregon Trail
May 22, 2018
—
Joy 2001 INC
—
Deed
related
$2,112,000 · East West Investment INC
Mar 12, 2018
—
Joy 2001 INC
—
Deed
related
$250,000 · Yolanda V Castillo
Mar 8, 2018
—
Joy 2001 INC
—
Deed
related
$428,776 · Oregon Trail
Feb 12, 2018
—
Joy 2001 INC
—
Deed
related
$1,875,000 · Pacific Premier Bk
Nov 7, 2017
—
Joy 2001 INC
—
Deed
related
$566,573 · Oregon Trail
Sep 14, 2017
—
Joy 2001 INC
—
Deed
related
$334,116 · Oregon Trail
Mar 24, 2016
$2,500,000
Joy 2001 INC
Nicholas Canellopoulos
Grant Deed
$1,875,000 · Pacific Premier Bank
Jun 21, 1991
$447,500
Canellopoulos Tr
Date Park Apartm
Grant Deed
related
—
—
—
Joy 2001 INC
—
Deed Of Trust
related
$428,776 · Oregon Trail
—
—
Joy 2001 INC
—
Deed Of Trust
related
$438,468 · Oregon Trail
—
—
Joy 2001 INC
—
Deed Of Trust
related
$250,000 · Yolanda V Castillo
—
—
Joy 2001 INC
—
Loan Modification
related
$1,875,000 · Pacific Premier Bk
—
—
Canellopoulos Trust
—
Deed Of Trust
related
$550,000 · Washington Mutual Fsb
—
—
Joy 2001 INC
—
Deed Of Trust
related
$566,573 · Oregon Trail
—
—
Joy 2001 INC
—
Deed Of Trust
related
$334,116 · Oregon Trail
—
—
Canellopoulos,tr
—
Deed Of Trust
related
$887,500 · Washington Mutual Fsb
—
—
Joy 2001 INC
—
Deed Of Trust
related
$166,521 · Oregon Trail
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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