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Property profile & analytics
OFF-MARKET
Apartment buildings
24360 Myers Ave, Moreno Valley, CA 92553-2845
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-2722795
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1954
Construction
WOOD
Total area
360 SF
Lot
0.91 ac (39,639 SF)
Zoning code
R3
APN
481-240-030
UPID
US10-2722795
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
Standard Insurance Company · 1 yrs held
Standard Insurance Company
since 2024
7 recorded transactions
Zoning & alternative use
R3 · 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
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
$10,987
Tax year 2024
Assessed value
$780,856
Assessed 2024
Previous assessed
$780,856
+0.0% YoY
Effective rate
1.41%
On assessed value
Assessed land
$362,542
Assessed improvement
$418,314
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
1954
Construction
WOOD
Heating
NONE
Buildings
3
Stories
1
Total area
360 SF
Lot
0.91 ac (39,639 SF)
Zoning code
R3
APN
481-240-030
UPID
US10-2722795
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.
Building & site characteristics
From public records
Year built
1954
Construction
WOOD
Heating
NONE
Stories
1
Buildings
3
Lot
0.91 ac
Current owner
From public records · entity-resolved
Standard Insurance Company
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
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 25, 2024
—
Standard Insurance Company
Group V San Bernardino LP
Deed
$720,000 · First American Title Insurance
Jul 14, 2021
—
Group V San Bernardino LP
Group Xiii Properties LP
Grant Deed
$552,000 · East West Bank
Oct 6, 2017
$700,000
Group Xiii Properties LP
Ismael Carlos
Grant Deed
—
May 15, 2008
—
Ismael Carlos
Carlos,lorena
Quit Claim Deed
related
—
Jan 17, 2003
$255,000
Ismael Carlos
Russo,john A & Joanne N
Grant Deed
$251,060 · First Guaranty Financial Corp
Oct 19, 1999
$106,000
John A Russo
Erickson,robert E
Grant Deed
—
Mar 7, 1995
—
Robert E Erickson
Erickson,robert E
Quit Claim Deed
related
—
Apr 1, 1994
—
Robert E Erickson
Erickson,margare
Quit Claim Deed
related
—
—
—
John A Russo
—
Deed Of Trust
related
$151,000 · Washington Mutual Fsb
—
—
John Russo
—
Deed Of Trust
related
$119,234 · Washington Mutual Fsb
—
—
Robert E Erickson
—
Deed Of Trust
related
$80,000 · Beneficial California INC
—
—
John A Russo
—
Deed Of Trust
related
$145,600 · North American Mortgage
—
—
J A Russo Enterprises INC
—
Deed Of Trust
related
$138,167 · Zaratzian Trust
—
—
Ismael Carlos
—
Deed Of Trust
related
$254,825 · Union Fed'l Bank Indianapolis
—
—
John Russo
—
Deed Of Trust
related
$121,154 · Washington Mutual Fsb
—
—
John Russo
—
Deed Of Trust
related
$122,580 · Washington Mutual Fsb
—
—
John Russo
—
Deed Of Trust
related
$116,743 · Washington Mutual Fsb
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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