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Property profile & analytics
OFF-MARKET
Estimated value
$3,480,000
Apartment buildings
215 El Norte Pkwy Escondido, CA 92026-2607
Entity Owned
14-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9242981
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2013
Total area
33,577 SF
Lot
0.58 ac (25,264 SF)
Zoning code
R-3:RESTRICTED MULTIPLE
APN
229-040-04-00
UPID
US09-9242981
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
by Request
Comparable Approach
Comparable
$4.22M
Blend (final)
Blend
$3.48M
Owner & transaction history
El Norte Housing Associates LP · 14 yrs held
El Norte Housing Associates LP
since 2012
7 recorded transactions
Zoning & alternative use
R-3:RESTRICTED MULTIPLE · Escondido, 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 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.48M
Range $3.13M – $3.83M · ±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
$104 / 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
$811
Tax year 2024
Assessed value
$2,158,177
Assessed 2024
Previous assessed
$2,158,177
+0.0% YoY
Effective rate
0.04%
On assessed value
Assessed land
$347,256
Assessed improvement
$1,810,921
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
2013
Heating
NONE
Units
36
Bathrooms
1
Total area
33,577 SF
Lot
0.58 ac (25,264 SF)
Zoning code
R-3:RESTRICTED MULTIPLE
APN
229-040-04-00
UPID
US09-9242981
Jurisdiction
SAN DIEGO
Zoning & alternative use
R-3:RESTRICTED MULTIPLE · Escondido, CA
Zoning R-3:RESTRICTED MULTIPLE · permitted uses
R-3:RESTRICTED MULTIPLE · 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.
Building & site characteristics
From public records
Year built
2013
Heating
NONE
Units
36
Bathrooms
1
Lot
0.58 ac
Current owner
From public records · entity-resolved
El Norte Housing Associates LP
Entity
Mailing address
2815 CAMINO DEL RIO S STE #350, SAN DIEGO, CA 92108-3816
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 19, 2012
$915,000
El Norte Housing Associates LP
Community Housing Works
Grant Deed
$6,192,696 · Bank Of America
Sep 16, 2010
$740,000
Community Housing Works
Sunwest Bk
Grant Deed
$560,000 · Sunwest Bank
Oct 21, 2009
$574,200
Pacific Coast Natl Bk
Assured Lender Svcs INC
Trustees Deed
related
—
Sep 28, 2007
—
Terrence E Lee
Lee,terrence
Quit Claim Deed
related
$2,000,000 · Pacific Coast National Bank
May 11, 2007
—
Terrence Lee
Lee,stacie
Quit Claim Deed
—
Dec 28, 2005
$750,000
El Norte Investments LLC
Rockwell Dev LLC
Deed Of Trust
$1,467,356 · Community National Bank
Sep 6, 2005
$700,000
Rockwell Development LLC
Jones Family Trust
Grant Deed
$325,000 · Jones Family Trust (pt) 006329
Sep 6, 2005
—
Jones Family Trust
Jones,richard E SR
Affidavit Of Death
related
—
Apr 3, 1997
—
Richard E Jones SR.
Jones,richard E SR & Ada L
Quit Claim Deed
related
—
—
—
El Norte Investments LLC
—
Deed Of Trust
related
$450,000 · Lvt Investments LLC
—
—
El Norte 211
—
Deed Of Trust
related
$450,000 · Lvt Investments LLC
—
—
Jones Trust
—
Deed Of Trust
related
$36,000 · Bank Of America
—
—
El Norte Investments LLC
—
Deed Of Trust
related
$450,000 · Lvt Investments LLC
—
—
El Norte 211
—
Deed Of Trust
related
$450,000 · Lvt Investments LLC
—
—
El Norte Investments LLC
—
Deed Of Trust
related
$250,000 · Scott Edward Family Trust
—
—
Jones Trust
—
Deed Of Trust
related
$10,000 · Bank Of America
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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