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Property profile & analytics
OFF-MARKET
Estimated value
$10,360,000
Apartment buildings
2000 Main St El Cajon, CA 92021-3600
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7040976
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1988
Total area
67,722 SF
Lot
3.57 ac (155,509 SF)
Zoning code
R-3:RESTRICTED MULTIPLE
APN
400-070-08-00
UPID
US09-7040976
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
-
Canyon Springs Townhome Apartments Apartment Building Townhouse Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.68M
Comparable Approach
Comparable
$7.66M
Blend (final)
Blend
$10.36M
Owner & transaction history
Cox Communications California LLC · 1 yrs held
Cox Communications California LLC
since 2025
7 recorded transactions
Zoning & alternative use
R-3:RESTRICTED MULTIPLE · El Cajon, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$16.5M
+18.0%
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 El Cajon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs El Cajon 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$10,490,000
6.5%
$9,680,000
7%
$8,990,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$14,005,000
Current use
INDUSTRIAL (GENERAL)
$16,530,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$10.36M
Range $9.32M – $11.40M · ±10%
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
$153 / 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
$317,923
Tax year 2024
Assessed value
$27,726,660
Assessed 2024
Previous assessed
$27,726,660
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$16,126,200
Assessed improvement
$11,600,460
Applied tax rate
3.0000
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
1988
Heating
NONE
Units
61
Total area
67,722 SF
Lot
3.57 ac (155,509 SF)
Zoning code
R-3:RESTRICTED MULTIPLE
APN
400-070-08-00
UPID
US09-7040976
Jurisdiction
SAN DIEGO
Zoning & alternative use
R-3:RESTRICTED MULTIPLE · El Cajon, CA
Zoning R-3:RESTRICTED MULTIPLE · permitted uses
R-3:RESTRICTED MULTIPLE · El Cajon, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
El Cajon. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$14.0M
INDUSTRIAL (GENERAL)
Est. value
$16.5M
APARTMENT HOUSE (5+ UNITS) Current
INDUSTRIAL (GENERAL)
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
1988
Heating
NONE
Units
61
Lot
3.57 ac
Current owner
From public records · entity-resolved
Cox Communications California LLC
Entity
Mailing address
2399 CAMINO DEL RIO WAY S, SAN DIEGO, CA 92108-3606
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 9, 2025
—
Massandra Canyon Springs Owner LLC
—
Deed
related
$18,908,500 · M&t Realty Capital Corporation
May 6, 2025
—
Cox Communications California LLC
Massandra Canyon Springs Owner LLC
Deed
—
Jun 30, 2022
$26,650,000
Massandra Canyon Springs Owner LLC
R&s LP
Grant Deed
$17,265,000 · Cibc INC
Mar 13, 2020
—
Canyon 2 LP
R LP
Quit Claim Deed
—
Mar 1, 2019
—
Canyon R&s L P
—
Deed
related
$8,000,000 · Pnc Bank NA
Jul 31, 1998
$4,213,000
Gleich Trust
Arboleda Investors Ltd
Trustees Deed
$5,380,000 · General Electric Capital Corp
Jul 31, 1998
$1,850,000
Gleich Trust
East Broadway Investors Ltd
Trustees Deed
—
—
—
Canyon R LP
—
Deed Of Trust
related
$5,000,000 · Pnc 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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