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Property profile & analytics
OFF-MARKET
Apartment buildings
257 Hargrave St, Banning, CA 92220-5800
Individually Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-5158508
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1948
Construction
WOOD
Total area
850 SF
Lot
0.35 ac (15,245 SF)
Zoning code
R3
APN
541-110-015
UPID
US09-5158508
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
Patricia Cerda · 8 yrs held
Patricia Cerda
since 2017
7 recorded transactions
Zoning & alternative use
R3 · Banning, 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 Banning submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Banning 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
$5,538
Tax year 2024
Assessed value
$398,235
Assessed 2024
Previous assessed
$398,235
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$138,812
Assessed improvement
$259,423
Applied tax rate
1.0000
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
1948
Construction
WOOD
Heating
NONE
Buildings
2
Stories
1
Units
2
Total area
850 SF
Lot
0.35 ac (15,245 SF)
Zoning code
R3
APN
541-110-015
UPID
US09-5158508
Jurisdiction
RIVERSIDE
Zoning & alternative use
R3 · Banning, CA
Zoning R3 · permitted uses
R3 · Banning, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Banning. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1948
Construction
WOOD
Heating
NONE
Stories
1
Buildings
2
Units
2
Lot
0.35 ac
Current owner
From public records · entity-resolved
Patricia Cerda
Individual
Mailing address
5481 GLENHAVEN AVE, RIVERSIDE, CA 92506-3536
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
25 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 25, 2021
—
Patricia Cerda
—
Deed
related
$525,000 · Fay Servicing LLC
Dec 19, 2018
—
Patricia Cerda
—
Deed
related
$346,000 · David W Gilpin
Jul 14, 2017
—
Patricia Cerda
Gilpin,david W
Grant Deed
—
Jul 14, 2016
—
David W Gilpin
Gilpin,arra L
Quit Claim Deed
related
—
Jul 14, 2016
$350,000
David W Gilpin
Chung,peter D
Grant Deed
—
Jan 3, 2014
$335,000
Peter D Chung
Hoh,alan
Grant Deed
—
Apr 26, 2012
$110,000
Alan Hoh
Bank Of Ny Mellon 2006-oc8
Grant Deed
—
Dec 30, 2011
$156,366
Bank Of Ny Mellon 2006-oc8
Recontrust Co NA
Trustees Deed
related
—
Jul 7, 2006
$450,000
Modesto Ponce De Leon
North Hargrave Street Trust #257 Po
Grant Deed
$314,930 · American Home Mortgage Corp
Sep 30, 2004
$293,100
North Hargrave St Trust 257
Executive Te Svcs INC
Trustees Deed
—
Jul 22, 2004
—
M R S Collectables
Ford,ondra
Grant Deed
related
—
Jun 22, 2004
$1,000
Robert Korpellas
Ford,ondra
Grant Deed
related
—
Apr 30, 2004
—
Norman Vermont
Ford,ondra
Grant Deed
related
—
Apr 16, 2004
$1,000
Larry Stalicke
Ford,ondra
Grant Deed
related
—
Nov 25, 2003
$1,000
Franklin Torksill
Ford,ondra
Grant Deed
related
—
Oct 30, 2003
$1,000
Steve Norris
Ford,ondra
Grant Deed
related
—
Sep 23, 2003
—
Carl Larsen
Ford,ondra
Grant Deed
related
—
Aug 7, 2003
—
Glen Carmer
Ford,ondra
Quit Claim Deed
related
—
Jul 2, 2003
$1,000
Tom Starmante
Ford,ondra
Grant Deed
related
—
Jun 2, 2003
$1,000
Donald Carterro
Ford,ondra
Grant Deed
related
—
Apr 14, 2000
$165,000
Ondra Ford
Jireh Investmenet Properties
Grant Deed
$163,651 · Qmg America
Oct 29, 1999
$35,000
Joreh Investment Properties Ll
Pacific Municipal Tax Liens In
Grant Deed
$68,000 · Arrowhead Service Corp
Feb 1, 1989
$85,000
Eva J Alvarez
Naza Dev INC
Grant Deed
$47,500 · Guardian Savings & Loan
—
—
Patricia Cerda
—
Deed Of Trust
related
$346,000 · David W Gilpin
—
—
Chung,peter D
—
Deed Of Trust
related
$217,750 · California Bk&tr
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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