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Property profile & analytics
OFF-MARKET
Estimated value
$8,145,000
Apartment buildings
230 Sunshine Ave El Cajon, CA 92020-4405
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US09-6955057
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2019
Total area
93,765 SF
Lot
1.04 ac (45,302 SF)
Zoning code
COMMERCIAL
APN
487-342-07-00
UPID
US09-6955057
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
-
Cornerstone Place Apartment Complex
-
Cornerstone Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.15M
Owner & transaction history
South Sunshine Associates LP · 10 yrs held
South Sunshine Associates LP
since 2015
7 recorded transactions
Zoning & alternative use
COMMERCIAL · El Cajon, 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 El Cajon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs El Cajon 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
$87 / 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
$40,884
Tax year 2024
Assessed value
$6,807,935
Assessed 2024
Previous assessed
$6,807,935
+0.0% YoY
Effective rate
0.60%
On assessed value
Assessed land
$1,189,598
Assessed improvement
$5,618,337
Applied tax rate
3.0000
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
2019
Heating
NONE
Units
70
Total area
93,765 SF
Lot
1.04 ac (45,302 SF)
Zoning code
COMMERCIAL
APN
487-342-07-00
UPID
US09-6955057
Jurisdiction
SAN DIEGO
Zoning & alternative use
COMMERCIAL · El Cajon, CA
Zoning COMMERCIAL · permitted uses
COMMERCIAL · El Cajon, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
El Cajon. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2019
Heating
NONE
Units
70
Lot
1.04 ac
Current owner
From public records · entity-resolved
South Sunshine Associates LP
Entity
Mailing address
PO BOX 379, LODI, CA 95241-0379
Ownership since
2015
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
Jul 9, 2020
—
South Sunshine Associates LP
—
Deed
related
$3,800,000 · Bank Of America
Mar 29, 2018
—
South Sunshine Associates LP
—
Grant Deed
related
$20,000,000 · Housing Fin Auth
Oct 1, 2015
$1,040,000
South Sunshine Associates LP
230 Sunshine Partners
Grant Deed
$1,200,000 · Miscellaneous Govt Agcy
Jul 5, 2005
—
230 Sunshine Partners
Silvergate Financial INC
Grant Deed
—
Apr 4, 2005
$2,050,000
Silvergate Financial INC
Blackburn David A Trust
Grant Deed
—
—
—
230 Sunshine Partners
—
Deed Of Trust
related
$2,518,558 · Sundance Financial INC Sundance Financial INC
—
—
South Sunshine Associates LP
—
Deed Of Trust
related
$3,800,000 · Bank Of America
—
—
South Sunshine Associates LP
—
Deed Of Trust
related
$3,485,000 · Community Resident Svcs INC
—
—
South Sunshine Associates LP
—
Deed Of Trust
related
$1,300,000 · El Cajon Housing Authority
—
—
South Sunshine Associates LP
—
Deed Of Trust
related
$20,000,000 · Bank Of America
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
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