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Property profile & analytics
OFF-MARKET
Estimated value
$1,055,000
Apartment buildings
24306 Atwood Ave, Moreno Valley, CA 92553-2829
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-0743777
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1951
Construction
WOOD
Total area
600 SF
Lot
0.91 ac (39,639 SF)
Zoning code
R2
APN
482-030-028
UPID
US09-0743777
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
$1.25M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$686k
Blend (final)
Blend
$1.06M
Owner & transaction history
Spn Real Estate Holdings LP · 3 yrs held
Spn Real Estate Holdings LP
since 2023
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
R2 · Moreno Valley, 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 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
$1,235,000
ML approach
$1,245,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.06M
Range $950k – $1.16M · ±10% · vs last sale $1.05M (May 1 2023)
Last sale anchor
$1.05M
May 1 2023
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
$1,758 / 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
$12,266
Tax year 2024
Assessed value
$1,071,000
Assessed 2024
Previous assessed
$1,071,000
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$484,500
Assessed improvement
$586,500
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
1951
Construction
WOOD
Heating
NONE
Buildings
4
Stories
1
Total area
600 SF
Lot
0.91 ac (39,639 SF)
Zoning code
R2
APN
482-030-028
UPID
US09-0743777
Jurisdiction
RIVERSIDE
Zoning & alternative use
R2 · Moreno Valley, CA
Zoning R2 · permitted uses
R2 · 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.
Building & site characteristics
From public records
Year built
1951
Construction
WOOD
Heating
NONE
Stories
1
Buildings
4
Lot
0.91 ac
Current owner
From public records · entity-resolved
Spn Real Estate Holdings LP
Entity
Free & Clear · 3 yrs held
Mailing address
2234 E COLORADO BLVDC, PASADENA, CA 91107-3608
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
May 1, 2023
$1,050,000
Spn Real Estate Holdings LP
Fred D Keith
Grant Deed
—
Nov 29, 2016
—
Keith Family Trust
Keith Fred D Trust
Quit Claim Deed
related
—
Jun 27, 2001
$190,000
Keith Trust
Ferman,jose
Grant Deed
—
Dec 30, 1994
$140,000
Jose Ferman
Universal Savings Bank
Grant Deed
$105,000 · Universal Savings Bank
Jun 23, 1994
$175,000
Universal Savings Bank
Bash,ralph R & P
Trustees Deed
related
—
Jul 1, 1990
$134,500
Bash Ralph R Pamela R
Unknown
Grant Deed
—
Jan 1, 1989
$99,500
Lifetime Enterpr
Olds Leonard R
Trustees Deed
$165,945 · Olds Leonard R
—
—
Ralph R Bash
—
Deed Of Trust
related
$246,000 · Universal Savings Bank
—
—
Lifetime Enterpr
—
Deed Of Trust
related
—
—
—
Ralph R Bash
—
Deed Of Trust
related
$23,435 · Lifetime Enterpr
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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