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Property profile & analytics
OFF-MARKET
Estimated value
$6,335,000
Apartment buildings
218 Clemmens Ln, Fallbrook, CA 92028-4019
Individually Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9940711
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1975
Total area
30,048 SF
Lot
1.33 ac (57,934 SF)
Zoning code
R-4:MULTIPLE RESIDENTIAL
APN
104-200-57-00
UPID
US09-9940711
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
Current use
Occupant on record · Public records
-
Casa Loma Apartments Apartment Building Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.68M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.34M
Owner & transaction history
Efren R Cota Ltd · 7 yrs held
Efren R Cota Ltd
since 2018
7 recorded transactions
Zoning & alternative use
R-4:MULTIPLE RESIDENTIAL · Fallbrook, 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 Fallbrook submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fallbrook 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%
$8,320,000
6.5%
$7,680,000
7%
$7,130,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$9,460,000
Current use
WAREHOUSE, STORAGE
$8,515,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$6.34M
Range $5.70M – $6.97M · ±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
$211 / 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
$80,804
Tax year 2024
Assessed value
$7,546,154
Assessed 2024
Previous assessed
$7,546,154
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$3,171,571
Assessed improvement
$4,374,583
Applied tax rate
75.0000
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
1975
Heating
NONE
Units
48
Total area
30,048 SF
Lot
1.33 ac (57,934 SF)
Zoning code
R-4:MULTIPLE RESIDENTIAL
APN
104-200-57-00
UPID
US09-9940711
Jurisdiction
SAN DIEGO
Zoning & alternative use
R-4:MULTIPLE RESIDENTIAL · Fallbrook, CA
Zoning R-4:MULTIPLE RESIDENTIAL · permitted uses
R-4:MULTIPLE RESIDENTIAL · Fallbrook, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fallbrook. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$9.5M
WAREHOUSE, STORAGE
Est. value
$8.5M
APARTMENT HOUSE (5+ UNITS) Current
WAREHOUSE, STORAGE
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
1975
Heating
NONE
Units
48
Lot
1.33 ac
Current owner
From public records · entity-resolved
Efren R Cota Ltd
Individual
Mailing address
8900 GROSSMONT BLVD STE #3, LA MESA, CA 91941-4047
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 2, 2022
—
Efrem R Cots Ltd
—
Deed
related
$5,900,000 · Jpmorgan Chase Bank NA
Oct 16, 2018
$6,900,000
Efren R Cota Ltd
Woodspear Casa Loma LLC
Grant Deed
$4,400,000 · Jpmorgan Chase Bank NA
May 9, 2006
—
Web Service Co INC
Woodspear Casa Loma LLC
Grant Deed
related
—
Jul 30, 2001
—
Casa Loma Woodspear
Woodspear Properties
Quit Claim Deed
related
—
Dec 2, 1988
$606,000
Woodspear Proper
Pacific Financia
Trustees Deed
$1,440,000 · Home Savings Of America
Dec 2, 1988
$1,194,000
Woodspear Proper
Batra Subhash C
Trustees Deed
—
Dec 2, 1988
—
Financia Pacific
Nesbit Randall N
Grant Deed
related
—
—
—
Woodspear Casa Loma LLC
—
Deed Of Trust
related
$1,350,000 · Red Mortgage Capital INC
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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