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Property profile & analytics
OFF-MARKET
Estimated value
$825,000
Apartment buildings
209 3rd Ave 27 Escondido, CA 92025-4108
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8294292
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1947
Total area
4,132 SF
Lot
0.28 ac (12,183 SF)
Zoning code
COMMERCIAL
APN
233-142-05-00
UPID
US09-8294292
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
$1.05M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$825k
Owner & transaction history
Mclovin Properties LLC · 2 yrs held
Mclovin Properties LLC
since 2024
7 recorded transactions
Zoning & alternative use
COMMERCIAL · Escondido, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.3M
+31.2%
Warehouse, storage
$1.1M
+18.8%
Retail stores
$1.0M
+4.6%
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 Escondido submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Escondido 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%
$1,140,000
6.5%
$1,050,000
7%
$975,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$955,000
Current use
MEDICAL BUILDING
$1,250,000
Change: +31% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,135,000
Change: +19% · Conversion: Difficult
RETAIL STORES
$1,000,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$825k
Range $743k – $908k · ±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
$200 / 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
$26,276
Tax year 2024
Assessed value
$2,300,000
Assessed 2024
Previous assessed
$2,300,000
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$950,000
Assessed improvement
$1,350,000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1947
Heating
NONE
Units
11
Total area
4,132 SF
Lot
0.28 ac (12,183 SF)
Zoning code
COMMERCIAL
APN
233-142-05-00
UPID
US09-8294292
Jurisdiction
SAN DIEGO
Zoning & alternative use
COMMERCIAL · Escondido, CA
Zoning COMMERCIAL · permitted uses
COMMERCIAL · Escondido, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Escondido. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$955,000
MEDICAL BUILDING
Est. value
$1.3M
WAREHOUSE, STORAGE
Est. value
$1.1M
RETAIL STORES
Est. value
$1.0M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
WAREHOUSE, STORAGE
RETAIL STORES
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
1947
Heating
NONE
Units
11
Lot
0.28 ac
Current owner
From public records · entity-resolved
Mclovin Properties LLC
Entity
Mailing address
2372 MORSE AVE #314, IRVINE, CA 92614-6234
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 2, 2024
—
Mclovin Properties LLC
Oran Capital LLC
Grant Deed
—
Sep 11, 2023
—
Jpmorgan Chase Bank NA
Mclovin Properties LLC
Agreement Of Sale
—
Sep 11, 2023
$2,275,000
Mclovin Properties LLC
Cazador 3rd & Maple LLC
Grant Deed
—
Sep 15, 2021
$3,705,000
Cazador 3rd & Maple LLC
3rd And Maple LLC
Grant Deed
$2,225,000 · Jpmorgan Chase Bank NA
Sep 15, 2021
—
3rd And Maple LLC
3rd And Maple LLC
Intrafamily Transfer
related
—
Feb 9, 2018
—
3rd & Maple LLC
Kip Ca3 LLC
Grant Deed
$1,960,000 · Jpmorgan Chase Bank NA
Jan 13, 2017
—
Kip Ca3 LLC
3rd & Maple LLC
Quit Claim Deed
related
—
Feb 12, 2016
$592,500
Kip Ca3 LLC
3rd & Maple LLC
Grant Deed
related
—
May 29, 2015
$2,040,000
3rd & Maple LLC
Dali Investments LLC
Grant Deed
$1,530,000 · Cohen Family Trust (pt)
Jun 28, 2007
$2,000,000
Dali Investments LLC
Comanche 18 LLC
Grant Deed
$1,470,000 · Washington Mutual Bank
Jun 24, 2004
—
Comanche 18 LLC
Kuebler,allan J
Grant Deed
$980,000 · Quaker City Bank
Nov 13, 1989
$315,000
San Diego Realty
Kuebler Allan J
Grant Deed
related
—
—
—
3rd & Maple LLC
—
Deed Of Trust
related
$1,380,000 · Arbor Com'l Mtg
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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