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Property profile & analytics
OFF-MARKET
Estimated value
$12,035,000
Apartment buildings
2011 Arden Ave Highland, CA 92346-5102
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US10-1551056
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1985
Construction
WOOD FRAME
Total area
151,151 SF
Lot
3.82 ac (166,399 SF)
APN
1191-101-02-0000
UPID
US10-1551056
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
-
Park Heights Apartments Apartment Complex Condominium Complex
-
Daisy Joyful Daycare Daycare Center
-
Park Heights Apartments (Highland, CA) Apartment Complex Furnished Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.04M
Owner & transaction history
Park Heights Realty Holdings LLC · 5 yrs held
Park Heights Realty Holdings LLC
since 2020
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 Highland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Highland 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
$80 / 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
$115,434
Tax year 2023
Assessed value
$9,526,533
Assessed 2024
Previous assessed
$9,339,738
+2.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$2,231,038
Assessed improvement
$7,295,495
Applied tax rate
7.0000
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 (100+ UNITS)
Status
Off-Market
Year built
1985
Construction
WOOD FRAME
Heating
NONE
Stories
2
Units
192
Total area
151,151 SF
Lot
3.82 ac (166,399 SF)
APN
1191-101-02-0000
UPID
US10-1551056
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
1985
Construction
WOOD FRAME
Heating
NONE
Stories
2
Units
192
Lot
3.82 ac
Current owner
From public records · entity-resolved
Park Heights Realty Holdings LLC
Entity
Mailing address
1600 ROSECRANS AVE1A#203, MANHATTAN BEACH, CA 90266-3708
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2020
—
Park Heights Realty Holdings LLC
2011 Arden Ave Multi LLC
Grant Deed
$29,062,000 · Greystone Servicing Company LLC
Jun 8, 2018
$21,350,000
2011 Arden Ave Multi LLC
Bre Paragon Mf Pk Hts Ca LLC
Trustees Deed
$16,775,000 · Greystone Servicing Corp INC
Oct 16, 2015
$13,500,000
Bre Paragon Mf Park Heights Ca
Park Heights Apartments LLC
Grant Deed
$6,550,907 · * Other Institutional Lenders
Jan 26, 2011
—
Park Heights Apartments LLC
Park Heights Apartments California
Grant Deed
$6,800,000 · Cbre Capital Markets INC
Jul 12, 2007
—
Park Heights Apartments California
Park Heights Ideal LLC
Grant Deed
$13,075,400 · Wachovia Multifamily Capital INC
Feb 25, 2005
$15,200,000
Ideal Properties LLC
Park Hts Residl Partners
Grant Deed
—
Jul 24, 2003
—
Park Heights Residential
Capital Foresight Inland
Grant Deed
related
—
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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