Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$765,000
Apartment buildings
318 Buena Vis St Hemet, CA 92543-2920
Individually Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-2920094
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1916
Construction
WOOD
Total area
1,214 SF
Lot
0.14 ac (6,098 SF)
Zoning code
R3
APN
443-161-009
UPID
US10-2920094
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
$850k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$514k
Blend (final)
Blend
$765k
Owner & transaction history
Luis A Cerda · 5 yrs held
Luis A Cerda
since 2020
Last sale
$750,000
7 recorded transactions
Zoning & alternative use
R3 · Hemet, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.2M
+189.3%
Neighborhood: shopping center
$1.0M
+143.3%
Auto repair, garage
$525,000
+22.0%
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
$950,000
ML approach
$850,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,245,000
Change: +189% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,045,000
Change: +143% · Conversion: Difficult
AUTO REPAIR, GARAGE
$525,000
Change: +22% · Conversion: Difficult
Blend value · Realmo final
$765k
Range $689k – $842k · ±10% · vs last sale $750k (Dec 31 2020)
Last sale anchor
$750k
Dec 31 2020
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
$630 / 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
$3,245
Tax year 2024
Assessed value
$277,760
Assessed 2024
Previous assessed
$277,760
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$47,966
Assessed improvement
$229,794
Applied tax rate
6.0000
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
1916
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Units
2
Bathrooms
1
Total area
1,214 SF
Lot
0.14 ac (6,098 SF)
Zoning code
R3
APN
443-161-009
UPID
US10-2920094
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
COMMERCIAL (GENERAL)
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$525,000
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
1916
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Units
2
Bathrooms
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Luis A Cerda
Individual
Mailing address
31171 CITRUS AVE, REDLANDS, CA 92374-8243
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2020
—
Luis A Cerda
Luis A Cerda
Intrafamily Transfer
related
$494,000 · Firefighters First FCU
Aug 30, 2017
$750,000
Luis A Cerda
Macfirst LLC
Grant Deed
$525,000 · Firefighters First Cu
Jan 7, 2015
$290,000
Macfirst LLC
Ainer L K JR & C Trust
Grant Deed
$215,000 · Ainer L K JR & C Trust (rt)
Nov 20, 1995
$150,000
Leon K Ainer
Rush,edwin F & Mattie L
Grant Deed
$150,000 · Seller
Nov 23, 1994
$50,972
Edwin F Rush
Weeden,harold & Elrose
Trustees Deed
—
Jul 29, 1993
$26,500
Carey J Rich
Jones,thomas
Grant Deed
related
$13,506 · Individual
Jul 15, 1992
$138,500
Exchanged Titles INC
Bogan,robert T
Grant Deed
related
—
—
—
Mac First LLC
—
Deed Of Trust
related
$352,000 · Ikezawa S D Family Trust (pt)
—
—
Macfirst LLC
—
Deed Of Trust
related
$345,000 · Anchor Lns
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 318 Buena Vis St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
