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Property profile & analytics
OFF-MARKET
Estimated value
$1,575,000
Apartment buildings
228 Palm Ave 38 National City, CA 91950-1722
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9522438
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2007
Total area
8,888 SF
Lot
0.41 ac (18,012 SF)
Zoning code
COMMERCIAL
APN
554-030-22-00
UPID
US09-9522438
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
$1.43M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.58M
Owner & transaction history
H & K Kachi Investments LLC · 4 yrs held
H & K Kachi Investments LLC
since 2022
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
COMMERCIAL · National City, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$2.4M
+6.9%
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 National City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs National City 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
$1,505,000
ML approach
$1,425,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,265,000
Current use
INDUSTRIAL (GENERAL)
$2,420,000
Change: +7% · Conversion: Difficult
RETAIL STORES
$2,200,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$1.58M
Range $1.42M – $1.73M · ±10% · vs last sale $1.69M (Jan 7 2022)
Last sale anchor
$1.69M
Jan 7 2022
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
$177 / 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
$24,955
Tax year 2024
Assessed value
$1,917,238
Assessed 2024
Previous assessed
$1,917,238
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$477,886
Assessed improvement
$1,439,352
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
2007
Heating
NONE
Units
6
Bathrooms
14
Total area
8,888 SF
Lot
0.41 ac (18,012 SF)
Zoning code
COMMERCIAL
APN
554-030-22-00
UPID
US09-9522438
Jurisdiction
SAN DIEGO
Zoning & alternative use
COMMERCIAL · National City, CA
Zoning COMMERCIAL · permitted uses
COMMERCIAL · National City, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
National City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.3M
INDUSTRIAL (GENERAL)
Est. value
$2.4M
RETAIL STORES
Est. value
$2.2M
APARTMENT HOUSE (5+ UNITS) Current
INDUSTRIAL (GENERAL)
RETAIL STORES
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
2007
Heating
NONE
Units
6
Bathrooms
14
Lot
0.41 ac
Current owner
From public records · entity-resolved
H & K Kachi Investments LLC
Entity
Mailing address
3105 FAIRMOUNT AVE, SAN DIEGO, CA 92105-4603
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 7, 2022
—
H & K Kachi Investments LLC
H&k Kachi INC
Intrafamily Transfer
related
$990,000 · Us Bank NA
Apr 3, 2017
—
Magdalena Rodriguez
Rodriguez,manuel
Quit Claim Deed
related
—
Apr 3, 2017
$1,685,000
H & K Kachi INC
Magdalena Rodriguez
Grant Deed
$1,100,000 · Cathay Bank
Jun 8, 2010
$1,300,000
Magdalena Rodriguez
Carolino Condominiums LLC
Grant Deed
—
Jun 26, 2006
—
Carolino Condominiums LLC
Venture One Mortgage Corp
Grant Deed
—
Sep 29, 2000
—
Venture One Mortgage Corp
Carolino Investment Corp ,
Grant Deed
related
—
Sep 15, 1995
—
Carolino Investment Corp
Layon,ernesto & Cindy
Grant Deed
related
—
Jun 3, 1994
—
Ernesto Layon
Layon,cindy S
Quit Claim Deed
related
—
Apr 14, 1993
—
Cindy S Layon
Zialcita Trust
Quit Claim Deed
related
—
Jun 19, 1989
$125,000
Marlon Zialcita
Hill Donald E
Grant Deed
$82,000 · Beneficial Mortgage Co
—
—
Venture One Mortgage Corp
—
Deed Of Trust
related
$1,200,000 · Masser Richard & N (te)
—
—
Carolino Condos LLC
—
Deed Of Trust
related
$900,000 · Silverton Bank NA
—
—
Donald E Hill
—
Deed Of Trust
related
$74,000 · Naimco INC
—
—
Carolino Condos LLC
—
Deed Of Trust
related
$350,000 · Samuel Q & Yolanda G B Padua
—
—
Ernesto Layon
—
Deed Of Trust
related
$86,000 · Cal Coast Mortgage Corp
—
—
Carolino Condos LLC
—
Deed Of Trust
related
—
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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