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Property profile & analytics
OFF-MARKET
Apartment buildings
238 Cypress Dr 40 San Diego, CA 92173-2513
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-6578440
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Lot
1.04 ac (45,302 SF)
Zoning code
R-2:MINOR MULTIPLE
APN
638-120-16-00
UPID
US09-6578440
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Ito Girard & Associates INC · 8 yrs held
Ito Girard & Associates INC
since 2018
7 recorded transactions
Zoning & alternative use
R-2:MINOR MULTIPLE · San Diego, 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 San Diego submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Diego 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
—
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
$156
Tax year 2024
Assessed value
$2,229,976
Assessed 2024
Previous assessed
$2,229,976
+0.0% YoY
Effective rate
0.01%
On assessed value
Assessed land
$2,229,976
Applied tax rate
8.0000
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
Heating
NONE
Lot
1.04 ac (45,302 SF)
Zoning code
R-2:MINOR MULTIPLE
APN
638-120-16-00
UPID
US09-6578440
Jurisdiction
SAN DIEGO
Zoning & alternative use
R-2:MINOR MULTIPLE · San Diego, CA
Zoning R-2:MINOR MULTIPLE · permitted uses
R-2:MINOR MULTIPLE · San Diego, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
San Diego. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
1.04 ac
Current owner
From public records · entity-resolved
Ito Girard & Associates INC
Entity
Free & Clear · 8 yrs held
Mailing address
6339 PASEO DEL LAGO, CARLSBAD, CA 92011-1309
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 28, 2020
—
San Ysidro Cic LP
—
Deed
related
$400,000 · Housing & Cmnty Dev Svcs
May 16, 2018
$1,510,000
Ito Girard & Associates INC
Mcmurray Gloria V Trust
Grant Deed
—
May 16, 2018
$4,770,000
San Ysidro Cic LP
Ito Girard & Associates
Grant Deed
$16,655 · Housing Authority Of The City Of Sa
May 16, 2018
—
Mcmurray,gloria V Trust
Mcmurray,gloria V
Affidavit Of Death
related
—
Sep 23, 2008
—
Mcmurray Gloria V Trust
Mcmurray Gloria V Trust
Quit Claim Deed
related
—
Sep 25, 2006
—
Mcmurray Gloria V Trust
Mcmurray,gloria V
Quit Claim Deed
related
—
Sep 15, 2006
—
Gloria V Mcmurray
Mcmurray Gloria V Trust
Quit Claim Deed
related
$330,000 · Mortgageit INC
Oct 3, 2003
—
Mcmurray,tr
Mcmurray,gloria V
Quit Claim Deed
related
—
Dec 16, 2002
$100,000
Gloria V Mcmurray
Luna,marie G
Grant Deed
$150,000 · San Diego Funding
Sep 18, 1996
—
Marie G Etal Luna
Ochoa,elodia M
Quit Claim Deed
related
—
—
—
San Ysidro Cic LP
—
Deed Of Trust
related
$400,000 · Housing & Cmnty Dev Svcs
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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