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Property profile & analytics
OFF-MARKET
Estimated value
$7,285,000
Apartment buildings
24193 Myers Ave, Moreno Valley, CA 92553-3181
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2810398
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1980
Construction
WOOD
Total area
5,840 SF
Lot
0.52 ac (22,651 SF)
Zoning code
R3
APN
481-270-052
UPID
US09-2810398
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
-
A&E Auto Detail Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.18M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.29M
Owner & transaction history
Spssm Investements III LP · 4 yrs held
Spssm Investements III LP
since 2021
Last sale
$7.3M
7 recorded transactions
Zoning & alternative use
R3 · Moreno Valley, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$6.0M
+71.3%
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
$7,270,000
ML approach
$7,175,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$5,980,000
Change: +71% · Conversion: Moderate
Blend value · Realmo final
$7.29M
Range $6.56M – $8.01M · ±10% · vs last sale $7.35M (Oct 19 2021)
Last sale anchor
$7.35M
Oct 19 2021
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
$1,247 / 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
$11,616
Tax year 2024
Assessed value
$964,980
Assessed 2024
Previous assessed
$964,980
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$321,660
Assessed improvement
$643,320
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
1980
Construction
WOOD
Heating
NONE
Stories
2
Total area
5,840 SF
Lot
0.52 ac (22,651 SF)
Zoning code
R3
APN
481-270-052
UPID
US09-2810398
Jurisdiction
RIVERSIDE
Zoning & alternative use
R3 · Moreno Valley, CA
Zoning R3 · permitted uses
R3 · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$6.0M
COMMERCIAL (GENERAL)
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
1980
Construction
WOOD
Heating
NONE
Stories
2
Lot
0.52 ac
Current owner
From public records · entity-resolved
Spssm Investements III LP
Entity
Mailing address
4900 SANTA ANITA AVE STE 2C, EL MONTE, CA 91731-1490
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 30, 2022
—
Spssm Investments III LP
—
Deed
related
$17,266,894 · Homestreet Bank
Oct 19, 2021
—
Spssm Investements III LP
Golden Opportunity Investments LP
Grant Deed
—
Apr 17, 2020
—
Golden Opportunity No 14 LP
—
Deed
related
$900,000 · Western Alliance Bank
Mar 25, 2020
$900,000
Golden Opportunity 14 LP
Whitmore Family Trust
Grant Deed
—
Mar 19, 2015
—
Whitmore Family Trust
Whitmore Arthur J
Affidavit Of Death
related
—
Oct 27, 2004
—
Whitmore Family Trust
Whitmore,eileen F
Affidavit Of Death
related
—
Oct 29, 2002
—
Arthur J Etal Whitmore
Whitmore,arthur J Etal
Quit Claim Deed
related
—
Mar 31, 1997
$178,000
Arthur J Whitmore
Fnb Real Estate Corp
Grant Deed
$133,500 · Hemet Federal Savings & Loan
May 29, 1996
$184,000
Fnb Real Estate Corp
Trowbridge & Associates 83-111
Trustees Deed
—
Nov 30, 1994
$55,500
Marvin Phillips
Chopra,tilak & Santosh
Grant Deed
$242,500 · Seller
Sep 1, 1990
$35,000
Sharma Inder J &
Rdl Financial
Trustees Deed
related
—
Sep 1, 1990
$81,500
Rdl Financial In
Trowbridge
Trustees Deed
related
—
—
—
Whitmore,tr
—
Deed Of Trust
related
$185,000 · Valley Bank
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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