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Property profile & analytics
OFF-MARKET
Estimated value
$2,885,000
Apartment buildings
236 48th St San Bernardino, CA 92404-1263
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US10-1555712
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1985
Construction
WOOD FRAME
Total area
12,914 SF
Lot
0.32 ac (13,725 SF)
APN
0154-123-02-0000
UPID
US10-1555712
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
$3.14M
CAP Approach
CAP
$2.55M
Comparable Approach
Comparable
$3.15M
Blend (final)
Blend
$2.89M
Owner & transaction history
Sierra Apartments 236 LLC · 5 yrs held
Sierra Apartments 236 LLC
since 2020
Last sale
$2.7M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.9M
+65.1%
Medical building
$3.7M
+58.7%
Neighborhood: shopping center
$3.5M
+47.6%
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 San Bernardino submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Bernardino 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
$3,065,000
ML approach
$3,135,000
CAP Approach
CAP Return
Estimation
6%
$2,760,000
6.5%
$2,550,000
7%
$2,365,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,355,000
Current use
COMMERCIAL (GENERAL)
$3,890,000
Change: +65% · Conversion: Moderate
MEDICAL BUILDING
$3,735,000
Change: +59% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$3,475,000
Change: +48% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,590,000
Change: +10% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,375,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$2.89M
Range $2.60M – $3.17M · ±10% · vs last sale $2.70M (Dec 29 2025)
Last sale anchor
$2.70M
Dec 29 2025
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
$223 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$23,931
Tax year 2023
Assessed value
$1,963,235
Assessed 2024
Previous assessed
$1,924,740
+2.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$233,466
Assessed improvement
$1,729,769
Applied tax rate
7.0000
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
1985
Construction
WOOD FRAME
Heating
NONE
Units
20
Total area
12,914 SF
Lot
0.32 ac (13,725 SF)
APN
0154-123-02-0000
UPID
US10-1555712
Jurisdiction
SAN BERNARDINO
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.4M
COMMERCIAL (GENERAL)
Est. value
$3.9M
MEDICAL BUILDING
Est. value
$3.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.5M
AUTO REPAIR, GARAGE
Est. value
$2.6M
WAREHOUSE, STORAGE
Est. value
$2.4M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
1985
Construction
WOOD FRAME
Heating
NONE
Units
20
Lot
0.32 ac
Current owner
From public records · entity-resolved
Sierra Apartments 236 LLC
Entity
Mailing address
13023 EASTBROOK AVE, DOWNEY, CA 90242-4952
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 25, 2020
—
Sierra Apartments 236 LLC
Hernandez Andres JR.
Quit Claim Deed
$1,524,000 · Lument Capital
Mar 1, 2018
$2,015,000
Andres Hernandez JR
Nakano Development Co
Grant Deed
—
Mar 1, 2018
—
Hernandez Andres JR.
Garcia,priscila P
Quit Claim Deed
related
—
Apr 24, 1997
$511,085
Life Savings Bank
Claire-bliss Investment Group
Trustees Deed
related
—
Sep 6, 1996
—
Young S Kim
—
Deed Of Trust
related
—
Oct 14, 1993
—
Young S Sp Kim
—
Deed Of Trust
related
—
—
—
Nakano Development Co
—
Deed Of Trust
related
$346,000 · Pff Bank & Trust
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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