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Property profile & analytics
OFF-MARKET
Estimated value
$8,905,000
Apartment buildings
330 1st St El Cajon, CA 92021-6917
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-6695254
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1963
Total area
27,030 SF
Lot
0.99 ac (43,124 SF)
Zoning code
R-3:RESTRICTED MULTIPLE
APN
489-130-60-00
UPID
US09-6695254
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
$8.11M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.34M
Blend (final)
Blend
$8.91M
Owner & transaction history
8 Mendridge LLC · 2 yrs held
8 Mendridge LLC
since 2023
Last sale
$9.4M
4 recorded transactions
Zoning & alternative use
R-3:RESTRICTED MULTIPLE · El Cajon, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$12.8M
+129.5%
Office building
$9.7M
+74.4%
Retail stores
$9.1M
+62.1%
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 El Cajon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs El Cajon 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
$8,370,000
ML approach
$8,110,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$5,590,000
Current use
MEDICAL BUILDING
$12,830,000
Change: +130% · Conversion: Moderate
OFFICE BUILDING
$9,745,000
Change: +74% · Conversion: Moderate
RETAIL STORES
$9,060,000
Change: +62% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$6,595,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$8.91M
Range $8.01M – $9.80M · ±10% · vs last sale $9.35M (Dec 15 2023)
Last sale anchor
$9.35M
Dec 15 2023
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
$329 / 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
$133,495
Tax year 2024
Assessed value
$9,336,000
Assessed 2024
Previous assessed
$9,336,000
+0.0% YoY
Effective rate
1.43%
On assessed value
Assessed land
$3,500,000
Assessed improvement
$5,836,000
Applied tax rate
3.0000
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
1963
Heating
NONE
Units
37
Total area
27,030 SF
Lot
0.99 ac (43,124 SF)
Zoning code
R-3:RESTRICTED MULTIPLE
APN
489-130-60-00
UPID
US09-6695254
Jurisdiction
SAN DIEGO
Zoning & alternative use
R-3:RESTRICTED MULTIPLE · El Cajon, CA
Zoning R-3:RESTRICTED MULTIPLE · permitted uses
R-3:RESTRICTED MULTIPLE · El Cajon, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
El Cajon. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$5.6M
MEDICAL BUILDING
Est. value
$12.8M
OFFICE BUILDING
Est. value
$9.7M
RETAIL STORES
Est. value
$9.1M
INDUSTRIAL (GENERAL)
Est. value
$6.6M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
INDUSTRIAL (GENERAL)
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
1963
Heating
NONE
Units
37
Lot
0.99 ac
Current owner
From public records · entity-resolved
8 Mendridge LLC
Entity
Free & Clear · 2 yrs held
Mailing address
707 BROADWAY STE #1700, SAN DIEGO, CA 92101-5378
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 11, 2025
—
7 Mendridge LLC
—
Deed
related
$13,961,000 · Arbor Commercial Funding LLC
Dec 15, 2023
$9,350,000
8 Mendridge LLC
Pi Properties No 24 LLC
Grant Deed
—
Aug 10, 2021
—
Pi Properties No 24 LLC
—
Deed
related
$6,500,000 · Arbor Agency Lending LLC
Apr 9, 2021
$8,165,000
Pi Properties No 24 LLC
Doo And Dee Ink LLC
Grant Deed
—
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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