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Property profile & analytics
OFF-MARKET
Estimated value
$1,095,000
Apartment buildings
161 Santa Fe St Hemet, CA 92543-4452
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-0683097
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1976
Construction
WOOD
Total area
4,400 SF
Lot
0.32 ac (13,939 SF)
Zoning code
R2
APN
443-244-001
UPID
US09-0683097
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
$1.09M
CAP Approach
CAP
$1.10M
Comparable Approach
Comparable
$1.11M
Blend (final)
Blend
$1.10M
Owner & transaction history
Tj Investments INC · 3 yrs held
Tj Investments INC
since 2023
Last sale
$925,000
7 recorded transactions
Zoning & alternative use
R2 · Hemet, 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 Hemet submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hemet 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
$1,085,000
ML approach
$1,085,000
CAP Approach
CAP Return
Estimation
6%
$1,185,000
6.5%
$1,095,000
7%
$1,015,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,555,000
Current use
WAREHOUSE, STORAGE
$1,300,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$1.10M
Range $986k – $1.20M · ±10% · vs last sale $925k (May 19 2023)
Last sale anchor
$925k
May 19 2023
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
$249 / 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
$10,901
Tax year 2024
Assessed value
$945,250
Assessed 2024
Previous assessed
$945,250
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$61,200
Assessed improvement
$884,050
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
1976
Construction
WOOD
Heating
NONE
Stories
1
Units
7
Total area
4,400 SF
Lot
0.32 ac (13,939 SF)
Zoning code
R2
APN
443-244-001
UPID
US09-0683097
Jurisdiction
RIVERSIDE
Zoning & alternative use
R2 · Hemet, CA
Zoning R2 · permitted uses
R2 · Hemet, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hemet. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.6M
WAREHOUSE, STORAGE
Est. value
$1.3M
APARTMENT HOUSE (5+ UNITS) Current
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
1976
Construction
WOOD
Heating
NONE
Stories
1
Units
7
Lot
0.32 ac
Current owner
From public records · entity-resolved
Tj Investments INC
Entity
Free & Clear · 3 yrs held
Mailing address
2920 KANSAS AVE, SANTA MONICA, CA 90404-5304
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
May 19, 2023
$925,000
Tj Investments INC
Guadalupe Del Rocio Reynoso
Grant Deed
—
Dec 2, 2013
$360,000
Guadalupe D Reynoso
Kawashiri,micho
Grant Deed
$280,000 · Micho Kawashiri
Dec 9, 2011
$260,000
Micho Kawashiri
Shah M & K Trust
Grant Deed
$147,000 · Shah M & K Trust (pt)
Nov 17, 1999
$54,000
Shah Trust
Wylie,charles E & Susan L
Grant Deed
related
$29,000 · Seller
Jun 22, 1999
$145,000
Charles E Wylie
Issa,ferial S
Grant Deed
$121,000 · Seller
Jun 26, 1996
—
Ferial S Issa
Issa,adly M
Quit Claim Deed
related
—
Jun 26, 1996
$89,000
Issa,ferial S
Acp S Burlington LLC
Trustees Deed
—
Mar 19, 1996
$108,624
Acp South Burlington LLC
Sheridan,james J & Marjorie M
Trustees Deed
—
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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