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Property profile & analytics
OFF-MARKET
Estimated value
$4,645,000
Apartment buildings
269 San Marcos Blvd San Marcos, CA 92069-2736
Individually Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-9732673
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1980
Total area
21,952 SF
Lot
1.19 ac (51,836 SF)
Zoning code
R-3:RESTRICTED MULTIPLE
APN
220-190-36-00
UPID
US09-9732673
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
$5.61M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.65M
Owner & transaction history
Renaissance Apartments · 8 yrs held
Renaissance Apartments
since 2018
5 recorded transactions
Zoning & alternative use
R-3:RESTRICTED MULTIPLE · San Marcos, 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 San Marcos submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Marcos 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$6,080,000
6.5%
$5,610,000
7%
$5,210,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$6,910,000
Current use
RETAIL STORES
$6,665,000
Change: -4% · Conversion: Difficult
WAREHOUSE, STORAGE
$6,220,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$4.65M
Range $4.18M – $5.11M · ±10%
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
$212 / 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
$69,078
Tax year 2024
Assessed value
$6,246,903
Assessed 2024
Previous assessed
$6,246,903
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$2,900,348
Assessed improvement
$3,346,555
Applied tax rate
13.0000
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
1980
Heating
NONE
Units
26
Total area
21,952 SF
Lot
1.19 ac (51,836 SF)
Zoning code
R-3:RESTRICTED MULTIPLE
APN
220-190-36-00
UPID
US09-9732673
Jurisdiction
SAN DIEGO
Zoning & alternative use
R-3:RESTRICTED MULTIPLE · San Marcos, CA
Zoning R-3:RESTRICTED MULTIPLE · permitted uses
R-3:RESTRICTED MULTIPLE · San Marcos, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
San Marcos. 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
RETAIL STORES
Est. value
$6.7M
WAREHOUSE, STORAGE
Est. value
$6.2M
APARTMENT HOUSE (5+ UNITS) Current
RETAIL STORES
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
1980
Heating
NONE
Units
26
Lot
1.19 ac
Current owner
From public records · entity-resolved
Renaissance Apartments
Individual
Free & Clear · 8 yrs held
Mailing address
560 N COAST HWY 101ST 1ST STE #1, ENCINITAS, CA 92024-2090
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2018
$5,600,000
Renaissance Apartments
Trolley Terrace Dev INC
Grant Deed
—
Sep 26, 2014
—
Trolley Terrace Dcvelopment INC
Trolley Terrace Development INC
Grant Deed
$2,000,000 · Jpmorgan Chase Bank NA
Jul 10, 2002
$2,120,000
Trolley Terrace Develoment INC
269 San Marcos Investors LLC
Grant Deed
$1,576,000 · Abn Amro Mortgage Group INC
Jan 4, 2001
—
925 Martin Partners LLC
Brown-sprocich Trust
Grant Deed
$1,200,000 · Abn Amro Mortgage Group INC
Aug 4, 1989
—
Brown Allen T Tr
Unknown
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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