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Property profile & analytics
OFF-MARKET
Estimated value
$2,035,000
Apartment buildings
18400 Montezuma St Adelanto, CA 92301-1888
Entity Owned
15-yr Hold
Property ID
US10-1553667
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1984
Construction
WOOD FRAME
Total area
23,520 SF
Lot
1.66 ac (72,145 SF)
APN
0459-142-43-0000
UPID
US10-1553667
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
$2.04M
Owner & transaction history
Desert Star Investments LP · 15 yrs held
Desert Star Investments LP
since 2011
7 recorded transactions
Zoning & alternative use
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 Adelanto submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Adelanto 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
$87 / 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
$12,072
Tax year 2023
Assessed value
$1,083,659
Assessed 2024
Previous assessed
$1,062,411
+2.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$80,043
Assessed improvement
$1,003,616
Applied tax rate
14.0000
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
1984
Construction
WOOD FRAME
Heating
NONE
Units
40
Rooms
5
Bathrooms
2
Total area
23,520 SF
Lot
1.66 ac (72,145 SF)
APN
0459-142-43-0000
UPID
US10-1553667
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
Building & site characteristics
From public records
Year built
1984
Construction
WOOD FRAME
Heating
NONE
Units
40
Rooms
5
Bathrooms
2
Lot
1.66 ac
Current owner
From public records · entity-resolved
Desert Star Investments LP
Entity
Mailing address
23232 PERALTA DR STE #101, LAGUNA HILLS, CA 92653-1436
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
25 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2011
$880,000
Desert Star Investments LP
East West Bk
Grant Deed
$572,000 · East West Bank
May 13, 2011
$1,046,900
East West Bk
East West Investments INC
Trustees Deed
related
—
Oct 24, 2005
—
Frechette Trust
Chen,jian
Grant Deed
$2,199,000 · United Commercial Bank
May 19, 2003
—
Jian Chen
Highland Service Corp
Grant Deed
$500,000 · Highland Service Corp
Oct 16, 2001
—
Highland Service Corp
Montezuma Villas LLC
Trustees Deed
related
—
Jan 31, 1997
$50,000
Highland Service Corp
Bailey Trust
Trustees Deed
—
Jan 31, 1997
$53,000
Highland Service Corp
Patterson,ray & Mary E
Trustees Deed
$500,000 · Seller
Jan 31, 1997
$105,500
Highland Service Corp
Ingold Trust
Trustees Deed
—
Jan 31, 1997
$84,500
Highland Service Corp
Webb Trust
Trustees Deed
—
Jan 31, 1997
$500,000
Ray Patterson
807 Lugo Ave INC
Trustees Deed
—
Jan 31, 1997
$21,500
Highland Services Corp
Crosswhite Trust
Trustees Deed
—
Jan 31, 1997
$29,000
Highland Service Corp
Johnson,jeannine D
Trustees Deed
—
Dec 19, 1995
—
807 Lugo Ave INC
—
Deed Of Trust
related
$3,250,000 · Royalty Mortgage Income Fund
Jan 3, 1995
$520,000
807 Lugo Ave INC
State Street Bank & Trust Ttee
Grant Deed
—
Apr 23, 1993
$769,576
State Street Bank & Trust Co
White,fred
Trustees Deed
related
—
Dec 29, 1989
$1,230,000
Thor Electronics
South Countries
Grant Deed
—
Aug 25, 1988
—
Fred White
White Margaret L
Quit Claim Deed
related
$926,400 · Gibraltar Savings Bank Fsb
Aug 25, 1988
$1,158,000
Fred White
Hancock S&l
Trustees Deed
—
—
—
Melvin Lewellen
—
Deed Of Trust
related
$133,575 · Germania Const
—
—
Montezuma Villas LLC
—
Deed Of Trust
related
$25,000 · Pacera Trust
—
—
H,807 Lugo Ave INC
—
Deed Of Trust
related
$575,000 · Jacinto Funding Svcs
—
—
807 Lugo Ave INC
—
Deed Of Trust
related
$475,000 · Arrowhead Service Corp
—
—
Jian Chen
—
Deed Of Trust
related
$962,500 · Pff Bank & Trust
—
—
Montezuma Villas LLC
—
Deed Of Trust
related
$500,000 · Highland Service Corp
—
—
Montezuma Villas LLC
—
Deed Of Trust
related
$250,000 · Pacera 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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