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Property profile & analytics
OFF-MARKET
Estimated value
$9,610,000
Apartment buildings
1635 Washington Ave Escondido, CA 92027-2030
Individually Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-9520151
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1990
Total area
86,404 SF
Lot
3.62 ac (157,687 SF)
Zoning code
R-3:RESTRICTED MULTIPLE
APN
231-310-21-00
UPID
US09-9520151
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
-
Paseo Del Prado Apartments Apartments
-
Handmade with love R & S (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.61M
Owner & transaction history
D Wagner · 7 yrs held
D Wagner
since 2018
7 recorded transactions
Zoning & alternative use
R-3:RESTRICTED MULTIPLE · Escondido, 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 Escondido submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Escondido 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$111 / 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
$127,904
Tax year 2024
Assessed value
$11,205,992
Assessed 2024
Previous assessed
$11,205,992
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$3,694,282
Assessed improvement
$7,511,710
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
1990
Heating
NONE
Units
78
Total area
86,404 SF
Lot
3.62 ac (157,687 SF)
Zoning code
R-3:RESTRICTED MULTIPLE
APN
231-310-21-00
UPID
US09-9520151
Jurisdiction
SAN DIEGO
Zoning & alternative use
R-3:RESTRICTED MULTIPLE · Escondido, CA
Zoning R-3:RESTRICTED MULTIPLE · permitted uses
R-3:RESTRICTED MULTIPLE · Escondido, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Escondido. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1990
Heating
NONE
Units
78
Lot
3.62 ac
Current owner
From public records · entity-resolved
D Wagner
Individual
Free & Clear · 7 yrs held
Mailing address
215 W LEXINGTON AVE, EL CAJON, CA 92020-4411
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 7, 2018
—
D Wagner
Wagner D & Wells S F/tr
Quit Claim Deed
related
—
Aug 5, 2013
—
Wagner,david Trust
Wagner,david L
Quit Claim Deed
related
—
Apr 16, 2013
—
David L Wagner
Wagner Family Trust A
Quit Claim Deed
related
—
Dec 5, 2012
—
Wagner Family Trust
Wagner Family Trust
Quit Claim Deed
related
—
May 23, 2012
—
Wagner Family Trust
Wagner,laurence C
Affidavit Of Death
related
—
Jul 2, 2002
—
Wagner Trust
Washington Park Associates LLC
Grant Deed
$5,512,500 · First Federal Bank Ca
Jan 6, 1994
—
Washington Park Assoc Ltd LP
—
Grant Deed
related
$1,672,434 · First Pacific Bank
Sep 3, 1993
$1,200,000
W & C Properties INC
Park Square Asso
Trustees Deed
—
Jun 15, 1993
—
Park Square Assoc
Homefed Bank
Quit Claim Deed
related
—
—
—
Washington Park Associates Ltd
—
Deed Of Trust
related
$1,850,000 · Cenfed Bank
—
—
Park Square Asso
—
Deed Of Trust
related
$49,520 · Individual
—
—
Park Square Asso
—
Deed Of Trust
related
$60,302 · Individual
—
—
Park Square Asso
—
Deed Of Trust
related
$9,737 · Parekh Inv
—
—
Wagner,david Trust
—
Loan Modification
related
$5,465,752 · Onewest Bk
—
—
Park Square Asso
—
Deed Of Trust
related
$74,385 · Individual
—
—
W & C Properties INC
—
Deed Of Trust
related
$200,000 · First Pacific Bank
—
—
Washington Park Assoc Ltd
—
Deed Of Trust
related
$135,000 · First Pacific Bank
—
—
Park Square Asso
—
Deed Of Trust
related
$111,579 · Parekh & Patel I
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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