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Property profile & analytics
OFF-MARKET
Estimated value
$58,295,000
Apartment buildings
2633 2nd St San Bernardino, CA 92410-6398
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US10-1544124
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1966
Construction
WOOD FRAME
Total area
203,002 SF
Lot
15.22 ac (663,010 SF)
APN
0142-062-13-0000
UPID
US10-1544124
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
$40.06M
Comparable Approach
Comparable
$55.66M
Blend (final)
Blend
$58.30M
Owner & transaction history
Standard Foothill Venture LP · 5 yrs held
Standard Foothill Venture LP
since 2021
Last sale
$58.0M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$88.3M
+117.3%
Restaurant
$82.9M
+104.2%
Commercial (general)
$60.7M
+49.5%
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 San Bernardino submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Bernardino 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
$61,510,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$43,395,000
6.5%
$40,060,000
7%
$37,195,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$40,620,000
Current use
OFFICE BUILDING
$88,255,000
Change: +117% · Conversion: Moderate
RESTAURANT
$82,920,000
Change: +104% · Conversion: Difficult
COMMERCIAL (GENERAL)
$60,740,000
Change: +50% · Conversion: Moderate
MEDICAL BUILDING
$58,735,000
Change: +45% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$54,645,000
Change: +35% · Conversion: Difficult
AUTO REPAIR, GARAGE
$40,720,000
Change: +0% · Conversion: Difficult
WAREHOUSE, STORAGE
$37,350,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$58.30M
Range $52.47M – $64.12M · ±10% · vs last sale $58.00M (Mar 15 2021)
Last sale anchor
$58.00M
Mar 15 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
$287 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$8,236
Tax year 2023
Assessed value
$62,218,164
Assessed 2024
Previous assessed
$60,998,200
+2.0% YoY
Effective rate
0.01%
On assessed value
Assessed land
$12,310,013
Assessed improvement
$49,908,151
Applied tax rate
7.0000
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
Year built
1966
Construction
WOOD FRAME
Heating
NONE
Stories
2
Units
239
Total area
203,002 SF
Lot
15.22 ac (663,010 SF)
APN
0142-062-13-0000
UPID
US10-1544124
Jurisdiction
SAN BERNARDINO
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$40.6M
OFFICE BUILDING
Est. value
$88.3M
RESTAURANT
Est. value
$82.9M
COMMERCIAL (GENERAL)
Est. value
$60.7M
MEDICAL BUILDING
Est. value
$58.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$54.6M
AUTO REPAIR, GARAGE
Est. value
$40.7M
WAREHOUSE, STORAGE
Est. value
$37.4M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
1966
Construction
WOOD FRAME
Heating
NONE
Stories
2
Units
239
Lot
15.22 ac
Current owner
From public records · entity-resolved
Standard Foothill Venture LP
Entity
Mailing address
1901 AVE OF THE STARS STE #395, LOS ANGELES, CA 90067-6058
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 15, 2021
$58,000,000
Standard Foothill Venture LP
A J S Foothill LLC
Grant Deed
—
Dec 15, 2020
—
Ajs Foothill LLC
Ajs Associates
Quit Claim Deed
related
—
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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