New search
Property profile & analytics
OFF-MARKET
Estimated value
$2,630,000
Apartment buildings
215 Lolita St 23 Encinitas, CA 92024-3237
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-8901030
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1931
Total area
1,840 SF
Lot
0.09 ac (3,863 SF)
Zoning code
R-2:MINOR MULTIPLE
APN
256-374-15-00
UPID
US09-8901030
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
$2.60M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.63M
Owner & transaction history
Rockys Beach LLC · 2 yrs held
Rockys Beach LLC
since 2023
Last sale
$2.7M
7 recorded transactions
Zoning & alternative use
R-2:MINOR MULTIPLE · Encinitas, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.0M
+208.8%
Neighborhood: shopping center
$1.7M
+69.4%
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 Encinitas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Encinitas 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
$2,450,000
ML approach
$2,600,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,025,000
Change: +209% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,660,000
Change: +69% · Conversion: Difficult
Blend value · Realmo final
$2.63M
Range $2.37M – $2.89M · ±10% · vs last sale $2.74M (Sep 20 2023)
Last sale anchor
$2.74M
Sep 20 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
$1,429 / 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
$30,876
Tax year 2024
Assessed value
$2,735,000
Assessed 2024
Previous assessed
$2,735,000
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$2,500,000
Assessed improvement
$235,000
Applied tax rate
19.0000
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
1931
Heating
NONE
Units
5
Bathrooms
5
Total area
1,840 SF
Lot
0.09 ac (3,863 SF)
Zoning code
R-2:MINOR MULTIPLE
APN
256-374-15-00
UPID
US09-8901030
Jurisdiction
SAN DIEGO
Zoning & alternative use
R-2:MINOR MULTIPLE · Encinitas, CA
Zoning R-2:MINOR MULTIPLE · permitted uses
R-2:MINOR MULTIPLE · Encinitas, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Encinitas. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$3.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.7M
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
1931
Heating
NONE
Units
5
Bathrooms
5
Lot
0.09 ac
Current owner
From public records · entity-resolved
Rockys Beach LLC
Entity
Free & Clear · 2 yrs held
Mailing address
711 SAXONY RD, ENCINITAS, CA 92024-2351
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 20, 2023
$2,735,000
Rockys Beach LLC
Cutty Sark LLC
Grant Deed
—
Jul 1, 2009
$900,000
Cutty Sark LLC
House,jonathan D
Grant Deed
—
Jun 21, 2005
$1,150,000
Jonathan D House
Wellington Dev INC
Grant Deed
$475,000 · First National Bank
Jun 21, 2005
—
Jonathan D House
Hanna,hanna D
Grant Deed
related
—
Aug 2, 2004
$800,000
Wellinton Development INC
Nommesen,john D & Barbara L
Grant Deed
—
Nov 13, 2000
$465,000
John D Nommensen
Kunkle,lynn R
Grant Deed
$117,000 · Seller
Oct 7, 1999
$367,000
Lynn R Kunkle
Berg Trust
Grant Deed
$256,900 · Brownstone Mortgage Corp
Dec 10, 1990
—
Joanne M Berg
Hunt Thomas A
Quit Claim Deed
related
$245,000 · Home Savings Of America
Dec 5, 1988
$1,000
Daniel Pertschuk
Berg Joanne
Quit Claim Deed
related
—
Apr 1, 1988
—
Alfred L Dayan
Dayan
Quit Claim Deed
related
$191,000 · California Federal Bank
Apr 1, 1988
$127,500
Alfred L Dayan
Berg
Trustees Deed
—
Apr 1, 1988
$255,000
Joanne M Berg
Trent
Trustees Deed
—
—
—
Joanne M Berg
—
Deed Of Trust
related
$13,000
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 215 Lolita St, Unit 23?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
