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Property profile & analytics
OFF-MARKET
Estimated value
$5,850,000
Apartment buildings
305 Clemmens Ln Fallbrook, CA 92028-4057
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9897747
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1986
Total area
18,840 SF
Lot
0.72 ac (31,363 SF)
Zoning code
R-4:MULTIPLE RESIDENTIAL
APN
104-162-64-00
UPID
US09-9897747
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
$5.85M
CAP Approach
CAP
$4.82M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.85M
Owner & transaction history
305 West Clemmens Lane LLC · 2 yrs held
305 West Clemmens Lane LLC
since 2024
Last sale
$5.9M
3 recorded transactions
Zoning & alternative use
R-4:MULTIPLE RESIDENTIAL · Fallbrook, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$8.9M
+50.8%
Auto repair, garage
$7.2M
+21.3%
Office building
$6.8M
+14.5%
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 Fallbrook submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fallbrook 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
$5,850,000
ML approach
$5,850,000
CAP Approach
CAP Return
Estimation
6%
$5,215,000
6.5%
$4,815,000
7%
$4,470,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$5,930,000
Current use
MEDICAL BUILDING
$8,940,000
Change: +51% · Conversion: Moderate
AUTO REPAIR, GARAGE
$7,190,000
Change: +21% · Conversion: Difficult
OFFICE BUILDING
$6,795,000
Change: +15% · Conversion: Moderate
WAREHOUSE, STORAGE
$5,340,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$5.85M
Range $5.27M – $6.44M · ±10% · vs last sale $5.85M (Feb 13 2024)
Last sale anchor
$5.85M
Feb 13 2024
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
$311 / 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
$16,840
Tax year 2024
Assessed value
$1,561,632
Assessed 2024
Previous assessed
$1,561,632
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$339,844
Assessed improvement
$1,221,788
Applied tax rate
75.0000
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
1986
Heating
NONE
Units
22
Total area
18,840 SF
Lot
0.72 ac (31,363 SF)
Zoning code
R-4:MULTIPLE RESIDENTIAL
APN
104-162-64-00
UPID
US09-9897747
Jurisdiction
SAN DIEGO
Zoning & alternative use
R-4:MULTIPLE RESIDENTIAL · Fallbrook, CA
Zoning R-4:MULTIPLE RESIDENTIAL · permitted uses
R-4:MULTIPLE RESIDENTIAL · Fallbrook, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fallbrook. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$5.9M
MEDICAL BUILDING
Est. value
$8.9M
AUTO REPAIR, GARAGE
Est. value
$7.2M
OFFICE BUILDING
Est. value
$6.8M
WAREHOUSE, STORAGE
Est. value
$5.3M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1986
Heating
NONE
Units
22
Lot
0.72 ac
Current owner
From public records · entity-resolved
305 West Clemmens Lane LLC
Entity
Mailing address
9340 FUERTE DR STE #200, LA MESA, CA 91941-4164
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 13, 2024
$5,852,000
305 West Clemmens Lane LLC
Joe D Anderson
Grant Deed
$4,096,400 · Joe D Anderson Trust
Mar 18, 2005
—
Huffine Donna Tr
Anderson,clarence A
Affidavit Of Death
related
—
Nov 16, 2001
$605,000
Joe D Anderson
Fili Trust
Grant Deed
$150,000 · Clarence A Anderson
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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