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Property profile & analytics
OFF-MARKET
Estimated value
$2,535,000
Office buildings
1861 California Ave Corona, CA 92881-6492
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-3116088
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2005
Construction
TILT-UP CONCRETE
Total area
7,709 SF
Lot
0.22 ac (9,583 SF)
APN
107-360-007
UPID
US10-3116088
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
-
Laurence Beers at Guaranteed Rate - NMLS #156430 Loan Service Bank
-
Guaranteed Rate Loan Service Bank
-
Vik Kumar at Guaranteed Rate - NMLS #455495 Loan Service Bank
-
Paul Bravo at Guaranteed Rate - NMLS #261970 Loan Service Bank
-
Simela Townsend at Guaranteed Rate - NMLS #278440 Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.33M
CAP Approach
CAP
$1.96M
Comparable Approach
Comparable
$2.96M
Blend (final)
Blend
$2.54M
Owner & transaction history
Coastal Paradise LLC · 3 yrs held
Coastal Paradise LLC
since 2023
Last sale
$2.9M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.6M
+53.1%
Auto repair, garage
$3.3M
+42.5%
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 Corona submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Corona 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
$2,175,000
ML approach
$2,325,000
CAP Approach
CAP Return
Estimation
6%
$2,115,000
6.5%
$1,955,000
7%
$1,815,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,335,000
Current use
RETAIL STORES
$3,575,000
Change: +53% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,330,000
Change: +43% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,280,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$2.54M
Range $2.28M – $2.79M · ±10% · vs last sale $2.89M (Jul 5 2023)
Last sale anchor
$2.89M
Jul 5 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
$329 / 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
$32,184
Tax year 2024
Assessed value
$2,890,875
Assessed 2024
Previous assessed
$2,890,875
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$765,000
Assessed improvement
$2,125,875
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2005
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
7,709 SF
Lot
0.22 ac (9,583 SF)
APN
107-360-007
UPID
US10-3116088
Jurisdiction
RIVERSIDE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.3M
RETAIL STORES
Est. value
$3.6M
AUTO REPAIR, GARAGE
Est. value
$3.3M
WAREHOUSE, STORAGE
Est. value
$2.3M
OFFICE BUILDING Current
RETAIL STORES
AUTO REPAIR, GARAGE
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
2005
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
Coastal Paradise LLC
Entity
Mailing address
1881 CALIFORNIA AVE, CORONA, CA 92881-7299
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 26, 2025
—
Coastal Paradise LLC
—
Deed
related
$1,531,000 · Jpmorgan Chase Bank NA
Jan 31, 2025
—
Coastal Paradise LLC
—
Deed
related
$1,289,000 · Business Finance Capital
Jul 5, 2023
$2,891,000
Coastal Paradise LLC
Corporate Terrace Properties LLC
Grant Deed
$1,572,417 · First Citizens Bank & Trust Co
Mar 13, 2018
—
Corporate Terrace Props LLC
—
Grant Deed
related
$5,240,000 · American Busn Bk
Nov 19, 2013
—
Terrace Properties L Corporate
—
Deed Of Trust
related
$5,250,000 · First Enterprise Bank
Jun 21, 2005
$1,284,000
Corporate Terrace Props LLC
Strata Realty LLC
Grant Deed
$1,280,000 · Vineyard 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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