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Property profile & analytics
OFF-MARKET
Estimated value
$1,605,000
Apartment buildings
1542 8th St Ontario, CA 91764-1158
Entity Owned
3-yr Hold
Property ID
US10-1554189
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1973
Construction
WOOD FRAME
Total area
5,392 SF
Lot
0.26 ac (11,115 SF)
APN
0108-324-25-0000
UPID
US10-1554189
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
-
Ceberino Gardening in Ontario Ca + Tree service Ontario Ca + Garden maintenance in Ontario Landscaping General Contractor
-
Juan`s Gardening Service, Tree Trimming, tree removol, Mantenimiento de Jardin, Landscaping Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.67M
CAP Approach
CAP
$1.05M
Comparable Approach
Comparable
$1.76M
Blend (final)
Blend
$1.61M
Owner & transaction history
8th Ontario LLC · 3 yrs held
8th Ontario LLC
since 2022
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.5M
+100.2%
Office building
$2.3M
+85.2%
Commercial (general)
$2.3M
+85.0%
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
$1,560,000
ML approach
$1,665,000
CAP Approach
CAP Return
Estimation
6%
$1,135,000
6.5%
$1,050,000
7%
$975,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,265,000
Current use
RESTAURANT
$2,535,000
Change: +100% · Conversion: Difficult
OFFICE BUILDING
$2,345,000
Change: +85% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,340,000
Change: +85% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$1,830,000
Change: +45% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,640,000
Change: +30% · Conversion: Difficult
MEDICAL BUILDING
$1,560,000
Change: +23% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,465,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$1.61M
Range $1.44M – $1.77M · ±10% · vs last sale $1.60M (Dec 27 2022)
Last sale anchor
$1.60M
Dec 27 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
$298 / 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
$18,188
Tax year 2023
Assessed value
$1,632,000
Assessed 2024
Previous assessed
$1,600,000
+2.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$571,200
Assessed improvement
$1,060,800
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
1973
Construction
WOOD FRAME
Heating
NONE
Stories
2
Units
6
Total area
5,392 SF
Lot
0.26 ac (11,115 SF)
APN
0108-324-25-0000
UPID
US10-1554189
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
$1.3M
RESTAURANT
Est. value
$2.5M
OFFICE BUILDING
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$2.3M
INDUSTRIAL (GENERAL)
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.6M
WAREHOUSE, STORAGE
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
OFFICE BUILDING
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1973
Construction
WOOD FRAME
Heating
NONE
Stories
2
Units
6
Lot
0.26 ac
Current owner
From public records · entity-resolved
8th Ontario LLC
Entity
Mailing address
305 N 2ND AVE #213, UPLAND, CA 91786-6064
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2022
$1,600,000
8th Ontario LLC
Jesse P Chen
Grant Deed
$735,000 · Credit Union Of Southern California
Mar 13, 2018
—
Jesse Pofan Chen
—
Deed
related
$430,000 · East West Bank
Feb 15, 2013
$750,000
Jesse P Chen
Thomas G Amberson
Grant Deed
$487,500 · Wells Fargo Bank NA
Jun 26, 2003
$557,500
Thomas G Amberson
Lopez,santiago & Dina
Grant Deed
$418,125 · United Commercial Bank
Mar 6, 2001
$317,000
Santiago Lopez
Hsu,julie
Grant Deed
$250,000 · Abn Amro Mortgage Group INC
Jun 19, 1992
—
Julie Hsu
—
Deed Of Trust
related
—
Feb 17, 1989
$300,000
Billy Hwang
Mcconnell Willia
Grant Deed
$210,000 · Fidelity Federal Bank
—
—
Santiago Lopez
—
Deed Of Trust
related
$10,300 · Galvin Trust
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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