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Property profile & analytics
OFF-MARKET
Apartment buildings
2088 Lakeshore Dr Lake Elsinore, CA 92530-4480
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0255126
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
2007
Construction
WOOD
Total area
17,096 SF
Lot
7.14 ac (311,018 SF)
Zoning code
SP
APN
373-210-047
UPID
US09-0255126
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
-
River's Edge Apartment Homes Apartment Building Apartment Complex
-
Silver Lining Consulting LLC IT Consulting Firm (Bike/Boat/Book/etc) Store
-
Amber's Mobile Notary LLC. Law Firm
-
Personal Computers By Chris James Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Rivers Edge At Lake Elsinore LLC · 3 yrs held
Rivers Edge At Lake Elsinore LLC
since 2022
Last sale
$64.5M
4 recorded transactions
Zoning & alternative use
SP · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$755,188
Tax year 2024
Assessed value
$65,862,266
Assessed 2024
Previous assessed
$65,862,266
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$14,790,000
Assessed improvement
$51,072,266
Applied tax rate
5.0000
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
2007
Construction
WOOD
Heating
NONE
Buildings
4
Stories
3
Units
11
Total area
17,096 SF
Lot
7.14 ac (311,018 SF)
Zoning code
SP
APN
373-210-047
UPID
US09-0255126
Jurisdiction
RIVERSIDE
Zoning & alternative use
SP · Lake Elsinore, CA
Zoning SP · permitted uses
SP · 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
2007
Construction
WOOD
Heating
NONE
Stories
3
Buildings
4
Units
11
Lot
7.14 ac
Current owner
From public records · entity-resolved
Rivers Edge At Lake Elsinore LLC
Entity
Mailing address
1025 KANE CONCOURSE STE #215, BAY HARBOR ISLANDS, FL 33154-2118
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2022
$64,500,000
Rivers Edge At Lake Elsinore LLC
Rivers Edge Apartments LLC
Grant Deed
$34,500,000 · City National Bank Of Florida
Apr 30, 2018
—
Rivers Edge Apartments LLC
—
Deed
related
$16,695,000 · Berkadia Commercial Mortgage LLC
Apr 26, 2013
—
Rivers Edge Apartments LLC
Broadstone Rivers Edge LLC
Grant Deed
$17,545,000 · Berkadia Commercial Mortgage LLC
Nov 7, 2008
—
Broadstone Rivers Edge LLC
Broadstone Rivers Edge Alliance LLC
Grant Deed
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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