New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,700,000
Apartment buildings
22116 Bay Ave, Moreno Valley, CA 92553-8223
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-2548222
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1942
Construction
WOOD
Total area
504 SF
Lot
4.35 ac (189,485 SF)
Zoning code
R1
APN
291-150-012
UPID
US10-2548222
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
$1.70M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.70M
Owner & transaction history
Salvador Avelar Ramirez · 1 yrs held
Salvador Avelar Ramirez
since 2024
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
R1 · Moreno Valley, 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 Moreno Valley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Moreno Valley 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
$1,700,000
ML approach
$1,700,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.70M
Range $1.53M – $1.87M · ±10% · vs last sale $1.70M (Oct 1 2024)
Last sale anchor
$1.70M
Oct 1 2024
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
$3,373 / 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
$21,912
Tax year 2024
Assessed value
$1,700,150
Assessed 2024
Previous assessed
$1,700,150
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$760,000
Assessed improvement
$940,150
Applied tax rate
21.0000
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
1942
Construction
WOOD
Heating
NONE
Buildings
6
Stories
1
Total area
504 SF
Lot
4.35 ac (189,485 SF)
Zoning code
R1
APN
291-150-012
UPID
US10-2548222
Jurisdiction
RIVERSIDE
Zoning & alternative use
R1 · Moreno Valley, CA
Zoning R1 · permitted uses
R1 · Moreno Valley, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Moreno Valley. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1942
Construction
WOOD
Heating
NONE
Stories
1
Buildings
6
Lot
4.35 ac
Current owner
From public records · entity-resolved
Salvador Avelar Ramirez
Individual
Mailing address
7496 WOOD RD, RIVERSIDE, CA 92508-6623
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
32 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2024
—
Salvador Avelar Ramirez
Salvador Ramirez
Intrafamily Transfer
related
—
Jan 2, 2024
$1,700,500
Salvador Ramirez
Bear Flag Homes LLC
Grant Deed
—
Dec 29, 2023
$1,520,000
Bear Flag Homes LLC
Jingyi Quan
Grant Deed
—
May 27, 2020
—
Jingyi Quan
Hui Guo
Intrafamily Transfer
related
$800,000 · Universal Bank
Sep 19, 2016
$902,000
Jingyi Quan
Gap Fund LLC
Grant Deed
—
Jun 10, 2016
$899,000
Gap Fund LLC
California Td Specialists|menu INC
Trustees Deed
related
—
Mar 4, 2015
—
Run To Top Ltd
Kramer Steven
Grant Deed
—
Jun 17, 2009
—
Menu INC
—
Trustees Deed
related
$1,020,000 · Gap Fund LLC
Aug 28, 2008
$1,000,000
Steven Kramer
Menu INC
Grant Deed
—
Jul 1, 2005
$635,000
Menu INC
Nomova
Grant Deed
$475,000 · Mary A Thiesen
Dec 30, 2003
—
Nomova
Land N Stor Equity Fund
Grant Deed
related
—
Nov 1, 1989
$795,000
John F Campbell
Equity Clearing
Grant Deed
related
$70,000 · Equity Clearing
Jun 1, 1989
$250,000
John F Campbell
Equity Clearing
Grant Deed
related
$330,500 · Equity Clearing
Apr 1, 1989
—
Philip Thompson
Equity Clearing
Grant Deed
related
—
Mar 1, 1989
$570,000
Equity Clearing
Escrow Support
Trustees Deed
related
—
Mar 1, 1989
—
Escrow Support S
Hobson Raymond E
Trustees Deed
related
—
—
—
Niino Steve M
—
Deed Of Trust
related
$150,000 · First Federal Savings & Loan
—
—
N Star Equi Land
—
Deed Of Trust
related
$287,500 · Hancock Savings Bank
—
—
Niino Steve M
—
Deed Of Trust
related
$150,000 · First Federal Savings & Loan
—
—
Menu INC
—
Deed Of Trust
related
$1,209,000 · Gap Fund LLC
—
—
Kelly J Blocker
—
Deed Of Trust
related
$254,000 · United Services Of America FCU
—
—
Niino Steve M
—
Deed Of Trust
related
$150,000 · Gateway Mortgage Corp
—
—
Niino Steve M
—
Deed Of Trust
related
$150,000 · First Federal Savings & Loan
—
—
Niino Steve M
—
Deed Of Trust
related
$150,000 · First Federal Savings & Loan
—
—
Niino Steve M
—
Deed Of Trust
related
$150,000 · First Federal Savings & Loan
—
—
Niino Steve M
—
Deed Of Trust
related
$150,000 · First Federal Savings & Loan
—
—
Steve M Nino
—
Deed Of Trust
related
$150,000 · First Federal Savings & Loan
—
—
N Stor Equity Fund Land
—
Deed Of Trust
related
$90,000 · Providence Trust Co
—
—
Nelson G Mamey
—
Deed Of Trust
related
$23,000
—
—
Menu INC
—
Deed Of Trust
related
$40,000 · Mary A Thiesen
—
—
Menu INC
—
Deed Of Trust
related
$1,000,000 · Gap Fund LLC
—
—
Niino Steve M
—
Deed Of Trust
related
$150,000 · First Federal Savings & Loan
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 22116 Bay Ave?
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.
