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Property profile & analytics
OFF-MARKET
Estimated value
$1,975,000
Apartment buildings
17586 Grand Ave Lake Elsinore, CA 92530-8032
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1008886
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1947
Construction
WOOD
Total area
1,988 SF
Lot
0.12 ac (5,227 SF)
Zoning code
C1CP
APN
381-174-073
UPID
US09-1008886
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
$2.18M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.63M
Blend (final)
Blend
$1.98M
Owner & transaction history
Perret Village LLC · 5 yrs held
Perret Village LLC
since 2021
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
C1CP · 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
Method
Estimation
Statistic approach
$2,115,000
ML approach
$2,175,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.98M
Range $1.78M – $2.17M · ±10% · vs last sale $1.98M (Mar 12 2021)
Last sale anchor
$1.98M
Mar 12 2021
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
$993 / 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
$6,146
Tax year 2024
Assessed value
$594,276
Assessed 2024
Previous assessed
$594,276
+0.0% YoY
Effective rate
1.03%
On assessed value
Assessed land
$137,957
Assessed improvement
$456,319
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
1947
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
8
Total area
1,988 SF
Lot
0.12 ac (5,227 SF)
Zoning code
C1CP
APN
381-174-073
UPID
US09-1008886
Jurisdiction
RIVERSIDE
Zoning & alternative use
C1CP · Lake Elsinore, CA
Zoning C1CP · permitted uses
C1CP · 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
1947
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
8
Lot
0.12 ac
Current owner
From public records · entity-resolved
Perret Village LLC
Entity
Mailing address
603 SEAGAZE DR #296, OCEANSIDE, CA 92054-3005
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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 12, 2021
$1,980,000
Perret Village LLC
Grand Blackwell INC
Grant Deed
$1,285,000 · Zb NA
Oct 11, 2018
$1,910,000
Grand Blackwell INC
Lamson Properties LLC
Grant Deed
—
May 7, 2014
$1,175,000
Lamson Properties LLC
Scott C Hadley
Grant Deed
$725,000 · Citizens Business Bank
Mar 20, 2008
—
Hadley Family Trust
Hadley,scott C & Anita M
Quit Claim Deed
related
—
Mar 8, 2000
$225,000
Scott C Hadley
Cooper,wayne & Deborah
Grant Deed
$157,500 · Washington Mutual Fsb
Jul 2, 1996
$82,000
Wayne Cooper
Great Western Bank
Grant Deed
$65,600 · Great Western Bank
Aug 14, 1995
$68,760
Great Western Bank
Lintz,jack S & Cheryle A
Trustees Deed
related
—
Apr 20, 1995
—
New England Fincl
Lintz,jack S Etux
Grant Deed
related
—
—
—
Jack S Lintz
—
Deed Of Trust
related
—
—
—
Jack S Lintz
—
Deed Of Trust
related
$172,500 · Great Western 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.
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