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Property profile & analytics
OFF-MARKET
Apartment buildings
215 Prospect St Lake Elsinore, CA 92530-4173
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2480766
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1922
Construction
WOOD
Total area
835 SF
Lot
0.22 ac (9,583 SF)
Zoning code
R3
APN
373-151-006
UPID
US09-2480766
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Standard Insurance Company · 1 yrs held
Standard Insurance Company
since 2025
7 recorded transactions
Zoning & alternative use
R3 · 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
$4,768
Tax year 2024
Assessed value
$419,817
Assessed 2024
Previous assessed
$419,817
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$111,550
Assessed improvement
$308,267
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 (5+ UNITS)
Status
Off-Market
Year built
1922
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Units
2
Total area
835 SF
Lot
0.22 ac (9,583 SF)
Zoning code
R3
APN
373-151-006
UPID
US09-2480766
Jurisdiction
RIVERSIDE
Zoning & alternative use
R3 · Lake Elsinore, CA
Zoning R3 · permitted uses
R3 · 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
1922
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
0.22 ac
Current owner
From public records · entity-resolved
Standard Insurance Company
Entity
Mailing address
4900 SANTA ANITA AVE STE 2C, EL MONTE, CA 91731-1490
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2025
—
Standard Insurance Company
Golden Opportunity I Holdings LP
Deed
$4,840,000 · Standard Insurance Co
Jun 15, 2022
—
Golden Opportunity I Holdings LP
—
Deed
related
$653,000 · East West Federal Bank
Mar 5, 2019
—
Golden Opportunity I Hldgs LP
Group Xiii Properties LP
Trustees Deed
$13,500,000 · Nano Banc
Dec 22, 2017
—
Group Xiii Properties LP
—
Deed
related
$375,000 · Western Alliance Bank
Nov 30, 2017
$375,000
Group Xiii Properties LP
Tringale,joseph
Grant Deed
—
Aug 30, 2017
—
Joseph Tringale
—
Deed
related
$55,000 · Dolores M Bruce
Aug 22, 2017
—
Rozalia Rejkowicz
Rejkowicz,wladyslaw
Affidavit Of Death
related
—
Oct 5, 1994
—
Joseph Tringale
Tringale,robin
Quit Claim Deed
related
—
Jan 1, 1989
$39,000
Joseph Tringale
Pacific Financia
Grant Deed
related
—
—
—
Joseph Tringale
—
Deed Of Trust
related
$55,000 · Dolores M Bruce
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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