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Property profile & analytics
OFF-MARKET
Estimated value
$2,125,000
Apartment buildings
220 Tahquitz Ave Hemet, CA 92543-4058
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0154518
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1971
Construction
WOOD
Total area
3,120 SF
Lot
0.18 ac (7,840 SF)
Zoning code
R3
APN
443-181-018
UPID
US10-0154518
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
$2.23M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.13M
Owner & transaction history
Golden Opportunity I Holdings LP · 3 yrs held
Golden Opportunity I Holdings LP
since 2023
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
R3 · Hemet, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.2M
+189.3%
Neighborhood: shopping center
$2.7M
+143.3%
Auto repair, garage
$1.3M
+22.0%
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 Hemet submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hemet 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
$2,325,000
ML approach
$2,225,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,195,000
Change: +189% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$2,685,000
Change: +143% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,345,000
Change: +22% · Conversion: Difficult
Blend value · Realmo final
$2.13M
Range $1.91M – $2.34M · ±10% · vs last sale $1.98M (Mar 29 2023)
Last sale anchor
$1.98M
Mar 29 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
$681 / 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
$6,062
Tax year 2024
Assessed value
$525,297
Assessed 2024
Previous assessed
$525,297
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$132,651
Assessed improvement
$392,646
Applied tax rate
6.0000
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
1971
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
3,120 SF
Lot
0.18 ac (7,840 SF)
Zoning code
R3
APN
443-181-018
UPID
US10-0154518
Jurisdiction
RIVERSIDE
Zoning & alternative use
R3 · Hemet, CA
Zoning R3 · permitted uses
R3 · Hemet, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hemet. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$3.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$1.3M
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
1971
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
0.18 ac
Current owner
From public records · entity-resolved
Golden Opportunity I Holdings LP
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
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
Mar 29, 2023
—
Golden Opportunity I Holdings LP
Group Xiii Properties LP
Intrafamily Transfer
related
—
Mar 1, 2021
$1,980,000
Group Xiii Properties LP
Michael J Basinet
Grant Deed
$1,980,000 · Western Alliance Bank
Apr 1, 2014
—
Michael J Basinet
Patricia G Basinet
Intrafamily Transfer
related
$375,000 · Universal Bank
Feb 1, 2011
—
Michael J Basinet
Basinet,michael J
Quit Claim Deed
related
$140,000 · Carnegie Mortgage
Sep 16, 2009
—
Michael J Basinet
Basinet,sheri L
Quit Claim Deed
related
—
Sep 16, 2009
$155,000
Michael J Basinet
Tran,jennifer T
Grant Deed
—
Apr 29, 2008
$600,000
Jennifer T Tran
Tran,kathy D
Grant Deed
related
$385,000 · Wachovia Mortgage Fsb
Jan 24, 2008
—
Kathy Tran
Tran,kathy
Quit Claim Deed
related
—
Oct 24, 2007
$600,000
Kathy Tran
Dang,chuong
Grant Deed
$420,000 · World Savings
Jul 20, 2007
$600,000
Chuong Dang
Tran,jennifer
Grant Deed
$390,000 · Kim Dang
Jan 10, 2007
$580,000
Jennifer T Tran
Johnson,mark A & Sheridan L
Grant Deed
$464,000 · Bondcorp Realty Services INC
Oct 28, 2003
$290,000
Mark A Johnson
Navarro,jose R & Carmen
Grant Deed
$261,000 · New Century Mortgage
Mar 14, 2003
$260,000
Jose R Navarro
Lee,tr
Grant Deed
$221,000 · Secured Bankers Mortgage Co
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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