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Property profile & analytics
OFF-MARKET
Estimated value
$860,000
Apartment buildings
20949 83rd St California City, CA 93505-2651
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US10-1900578
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1986
Construction
WOOD
Total area
6,032 SF
Lot
0.29 ac (12,632 SF)
Zoning code
RM1/RM2
APN
203-141-03-00-6
UPID
US10-1900578
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
$765k
CAP Approach
CAP
$1.07M
Comparable Approach
Comparable
$885k
Blend (final)
Blend
$860k
Owner & transaction history
Olegario Hernandez · 2 yrs held
Olegario Hernandez
since 2023
Last sale
$860,000
7 recorded transactions
Zoning & alternative use
RM1/RM2 · California City, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.3M
+41.4%
Office building
$1.2M
+30.0%
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 California City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs California City 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
$835,000
ML approach
$765,000
CAP Approach
CAP Return
Estimation
6%
$1,160,000
6.5%
$1,070,000
7%
$995,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$900,000
Current use
MEDICAL BUILDING
$1,270,000
Change: +41% · Conversion: Moderate
OFFICE BUILDING
$1,170,000
Change: +30% · Conversion: Moderate
AUTO REPAIR, GARAGE
$835,000
Change: -7% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$765,000
Change: -15% · Conversion: Difficult
RETAIL STORES
$760,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$860k
Range $774k – $946k · ±10% · vs last sale $860k (Aug 18 2023)
Last sale anchor
$860k
Aug 18 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
$143 / 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
$6,040
Tax year 2023
Assessed value
$426,563
Assessed 2023
Previous assessed
$426,563
+0.0% YoY
Effective rate
1.42%
On assessed value
Assessed land
$14,565
Assessed improvement
$411,998
Applied tax rate
11.0000
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
1986
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
YES
Stories
1
Units
8
Bathrooms
8
Total area
6,032 SF
Lot
0.29 ac (12,632 SF)
Zoning code
RM1/RM2
APN
203-141-03-00-6
UPID
US10-1900578
Jurisdiction
KERN
Zoning & alternative use
RM1/RM2 · California City, CA
Zoning RM1/RM2 · permitted uses
RM1/RM2 · California City, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
California City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$900,000
MEDICAL BUILDING
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$835,000
INDUSTRIAL (GENERAL)
Est. value
$765,000
RETAIL STORES
Est. value
$760,000
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
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
1986
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
1
Units
8
Bathrooms
8
Lot
0.29 ac
Current owner
From public records · entity-resolved
Olegario Hernandez
Individual
Mailing address
20949 83RD ST, CALIFORNIA CITY, CA 93505-2651
Mailing matches property
Yes
Owner-occupied
Yes
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
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 18, 2023
$860,000
Olegario Hernandez
Sunrise Global Investment LLC
Grant Deed
$585,000 · Arrowhead Central Cu
Sep 16, 2022
—
Sunrise Global Investment LLC
Sunrise Global Investment LLC
Intrafamily Transfer
related
$515,000 · First Entertainment Cu
Apr 16, 2021
$410,000
Sunrise Global Investment LLC
Scott Hanson
Grant Deed
$337,000 · Lmf 2 LP
Mar 25, 2021
$330,000
Scott I Hanson
Crystal Hill Enterprises INC
Grant Deed
—
Sep 28, 2017
$250,000
Crystal Hill Ents INC
Badalyan,mesrop
Grant Deed
—
Feb 7, 2014
—
Vanik Manooki
Merzakhani,alis
Quit Claim Deed
related
—
Feb 7, 2014
$239,000
Mesrop Badalyan
Manooki,vanik
Grant Deed
—
Jun 21, 2013
$120,000
Vanik Manooki
Marouti,vaghershak
Grant Deed
—
Feb 8, 2012
—
Vaghershak Marouti
Vartani,diana
Quit Claim Deed
related
—
Feb 8, 2012
$120,000
Vaghershak Marouti
Calcity Blvd LLC
Grant Deed
—
Apr 22, 2008
$290,000
Calcity Blvd LLC
Lady Adelaide LLC
Grant Deed
—
Jan 19, 2006
—
Lady Adelaide LLC
Bonderov Family Trust
Grant Deed
—
May 9, 2002
—
Bonderov Trust
Bonderov,david W & Tammy
Quit Claim Deed
related
—
May 13, 1997
—
Byron J Marks
Kaplan Trust
Grant Deed
related
—
Mar 22, 1995
—
Kaplan Trust
Kaplan Trust
Quit Claim Deed
related
$115,000 · William Thibault Bps 132665a11
Sep 19, 1989
$550,000
Kaplan,abraham M
Intercommodator,
Trustees Deed
—
Sep 19, 1989
$101,500
Celeste,peter J
Slocum,robert F
Trustees 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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