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Property profile & analytics
OFF-MARKET
Estimated value
$4,570,000
Apartment buildings
25585 New Chicago Ave Hemet, CA 92544-7208
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US10-3151262
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1977
Construction
WOOD
Total area
22,678 SF
Lot
0.71 ac (30,927 SF)
Zoning code
R3
APN
551-400-003
UPID
US10-3151262
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
-
Casa Grande Apartments Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.91M
CAP Approach
CAP
$5.65M
Comparable Approach
Comparable
$2.84M
Blend (final)
Blend
$4.57M
Owner & transaction history
Burtal Investments LLC · 4 yrs held
Burtal Investments LLC
since 2022
Last sale
$3.6M
7 recorded transactions
Zoning & alternative use
R3 · Hemet, 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 Hemet submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hemet 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
$4,845,000
ML approach
$4,910,000
CAP Approach
CAP Return
Estimation
6%
$6,120,000
6.5%
$5,645,000
7%
$5,245,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$6,885,000
Current use
WAREHOUSE, STORAGE
$6,700,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$4.57M
Range $4.11M – $5.03M · ±10% · vs last sale $3.58M (Feb 4 2022)
Last sale anchor
$3.58M
Feb 4 2022
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
$202 / 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
$42,390
Tax year 2024
Assessed value
$3,724,705
Assessed 2024
Previous assessed
$3,724,705
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$1,019,592
Assessed improvement
$2,705,113
Applied tax rate
71.0000
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
1977
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
21
Total area
22,678 SF
Lot
0.71 ac (30,927 SF)
Zoning code
R3
APN
551-400-003
UPID
US10-3151262
Jurisdiction
RIVERSIDE
Zoning & alternative use
R3 · Hemet, CA
Zoning R3 · permitted uses
R3 · Hemet, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hemet. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$6.9M
WAREHOUSE, STORAGE
Est. value
$6.7M
APARTMENT HOUSE (5+ UNITS) Current
WAREHOUSE, STORAGE
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
1977
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
21
Lot
0.71 ac
Current owner
From public records · entity-resolved
Burtal Investments LLC
Entity
Mailing address
PO BOX 4096, WHITTIER, CA 90607-4096
Ownership since
2022
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
Mar 26, 2025
—
Burtal Investments LLC
—
Deed
related
$2,534,000 · Pacific Premier Bank
Feb 4, 2022
$3,575,000
Burtal Investments LLC
New Chicago Partners LLC
Grant Deed
$213,000 · Pacific Premier Bank
Feb 4, 2022
—
New Chicago Partners LLC
New Chicago Partners LLC
Gift Deed
related
—
Sep 26, 2019
—
New Chicago Partners LLC
Ruth C Olmsted
Grant Deed
$1,380,000 · Luther Burbank Savings
Oct 6, 2004
$2,100,000
Olmsted Ruth C Trust
Lopata Martin B Trust
Grant Deed
—
Jun 30, 2004
—
Lopata,tr
Lopata,martin B
Quit Claim Deed
related
—
Oct 2, 2002
$1,200,000
Martin B Lopata
Molatore,tr
Grant Deed
$800,000 · Molatore Trust
—
—
Martin B Lopata
—
Deed Of Trust
related
$100,000 · James A Wilson
—
—
Molatore,trust
—
Deed Of Trust
related
$429,000 · Western Bank
—
—
Olmsted Ruth C Trust
—
Deed Of Trust
related
$500,000 · Kaiser Federal 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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