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Property profile & analytics
OFF-MARKET
Estimated value
$164,765,000
Apartment buildings
24850 Hancock Ave Murrieta, CA 92562-4129
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-4790859
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Lot
2.35 ac (102,366 SF)
Zoning code
MF2
APN
948-220-017
UPID
US09-4790859
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
-
AngelicGuitarist Partners, LLC Medical Clinic
-
Waterstone at Murrieta Apartment Building Apartment Complex
-
Sunrise Management Property Management Company
-
CLEANZY Carpet Cleaning Service
-
Bitlead Marketing & Advertising Advertising Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$164.77M
Owner & transaction history
Sreit Waterstone At Murrieta Apts L · 4 yrs held
Sreit Waterstone At Murrieta Apts L
since 2021
Last sale
$156.5M
7 recorded transactions
Zoning & alternative use
MF2 · Murrieta, 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 Murrieta submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Murrieta 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
$181,230,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$164.77M
Range $148.29M – $181.24M · ±10% · vs last sale $156.53M (Dec 2 2021)
Last sale anchor
$156.53M
Dec 2 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
—
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
$179,303
Tax year 2024
Assessed value
$16,285,381
Assessed 2024
Previous assessed
$16,285,381
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$4,161,600
Assessed improvement
$12,123,781
Applied tax rate
24.0000
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 (100+ UNITS)
Status
Off-Market
Heating
NONE
Lot
2.35 ac (102,366 SF)
Zoning code
MF2
APN
948-220-017
UPID
US09-4790859
Jurisdiction
RIVERSIDE
Zoning & alternative use
MF2 · Murrieta, CA
Zoning MF2 · permitted uses
MF2 · Murrieta, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Murrieta. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
2.35 ac
Current owner
From public records · entity-resolved
Sreit Waterstone At Murrieta Apts L
Individual
Mailing address
200 E BROWARD BLVD STE #92122, FT LAUDERDALE, FL 33301-1963
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 2, 2021
$156,531,000
Sreit Waterstone At Murrieta Apts L
Strata Waterstone LLC
Grant Deed
—
Sep 5, 2014
$27,750,000
Strata Waterstone LLC
24850 Hancock Avenue LLC
Grant Deed
$6,200,000 · Walker & Dunlop LLC
Dec 9, 2011
$45,000,000
24850 Hancock Avenue LLC
United Dominion Realty LP
Grant Deed
$31,900,000 · Walker & Dunlop
Nov 3, 2004
—
United Dominion Realty
Murrieta Apartments LLC
Grant Deed
related
—
Apr 12, 2002
—
E A Collins
—
Deed Of Trust
related
$2,200,000 · Jerry E Herbst
May 2, 2001
—
Herbst
Herbst&collins
Quit Claim Deed
related
—
Feb 2, 2001
—
E A Collins
—
Deed Of Trust
related
$2,200,000 · Individual
—
—
Los Alamos Apts LLC
—
Deed Of Trust
related
$18,850 · Berkshire Mortgage Finance Co
—
—
Strata Waterstone LLC
—
Deed Of Trust
related
$63,000,000 · Holliday Fenoglio Fowler
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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