Back to Search
Property profile & analytics
OFF-MARKET
Apartment buildings
16812 Grand Ave Lake Elsinore, CA 92530-1466
Trust Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-3275874
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1946
Construction
WOOD
Total area
654 SF
Lot
0.71 ac (30,927 SF)
Zoning code
MIX
APN
381-110-022
UPID
US10-3275874
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Fleming Family Trust · 6 yrs held
Fleming Family Trust
since 2020
Last sale
$423,500
7 recorded transactions
Zoning & alternative use
MIX · Lake Elsinore, 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 Lake Elsinore submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake Elsinore 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
—
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
$4,888
Tax year 2024
Assessed value
$471,919
Assessed 2024
Previous assessed
$471,919
+0.0% YoY
Effective rate
1.04%
On assessed value
Assessed land
$167,325
Assessed improvement
$304,594
Applied tax rate
65.0000
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
1946
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
2
Total area
654 SF
Lot
0.71 ac (30,927 SF)
Zoning code
MIX
APN
381-110-022
UPID
US10-3275874
Jurisdiction
RIVERSIDE
Zoning & alternative use
MIX · Lake Elsinore, CA
Zoning MIX · permitted uses
MIX · Lake Elsinore, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lake Elsinore. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1946
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
2
Lot
0.71 ac
Current owner
From public records · entity-resolved
Fleming Family Trust
Trust
Mailing address
23665 BIRTCHER DR, LAKE FOREST, CA 92630-1770
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 26, 2020
—
Fleming Family Trust
Lawrence E Fleming
Quit Claim Deed
related
—
Oct 7, 2019
—
Lawrence E Fleming
Fleming,lawrence E & An C J H
Quit Claim Deed
related
—
Apr 13, 2018
$423,500
Lawrence E Fleming
Hidden Trail LLC
Grant Deed
—
Aug 26, 2015
—
Hidden Trail LLC
Wu,arthur J W & Judy F
Quit Claim Deed
related
—
Aug 1, 2012
$300,000
Arthur J W Wu
Skyline Vista Equities LLC
Grant Deed
—
May 14, 2012
$195,000
Skyline Vista Equities LLC
Gerald Langston
Trustees Deed
related
—
Oct 10, 2006
—
Gerald Langston
Amanda Langston
Intrafamily Transfer
related
$48,000 · Americas Wholesale Lender
Feb 28, 2006
$750,000
Gerald Langston
Gilbert L Lerma
Grant Deed
$525,000 · First Horizon Home Loan Corp
Mar 16, 2004
—
Lerma,tr
Lerma,gilbert L & Irene
Quit Claim Deed
related
—
—
—
Gilbert L Lerma
—
Deed Of Trust
related
$100,000 · Wells Fargo Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 16812 Grand Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
