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Property profile & analytics
OFF-MARKET
Estimated value
$1,600,000
Apartment buildings
342 Dl St Perris, CA 92571-4800
Individually Owned
24-yr Hold
~
Est. High Equity
Property ID
US09-3307216
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
2003
Construction
WOOD
Total area
8,142 SF
Lot
2.28 ac (99,316 SF)
Zoning code
R3
APN
311-180-029
UPID
US09-3307216
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
Current use
Occupant on record · Public records
-
M.D. BORZOSH, INC. Trucking Company
-
Redlands Towne Square LLC Condominium Complex Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.03M
Comparable Approach
Comparable
$1.94M
Blend (final)
Blend
$1.60M
Owner & transaction history
Towne Square Red · 24 yrs held
Towne Square Red
since 2001
7 recorded transactions
Zoning & alternative use
R3 · Perris, 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 Perris submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Perris 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%
$2,195,000
6.5%
$2,030,000
7%
$1,885,000
Blend value · Realmo final
$1.60M
Range $1.44M – $1.76M · ±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
$197 / 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
$44,941
Tax year 2024
Assessed value
$3,913,656
Assessed 2024
Previous assessed
$3,913,656
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$179,260
Assessed improvement
$3,734,396
Applied tax rate
8.0000
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
2003
Construction
WOOD
Heating
YES
Cooling
NONE
Buildings
4
Stories
10
Units
5
Bathrooms
1
Total area
8,142 SF
Lot
2.28 ac (99,316 SF)
Zoning code
R3
APN
311-180-029
UPID
US09-3307216
Jurisdiction
RIVERSIDE
Zoning & alternative use
R3 · Perris, CA
Zoning R3 · permitted uses
R3 · Perris, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Perris. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2003
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
10
Buildings
4
Units
5
Bathrooms
1
Lot
2.28 ac
Current owner
From public records · entity-resolved
Towne Square Red
Individual
Mailing address
342 DL ST, PERRIS, CA 92571-4800
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2001
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
Jul 20, 2001
—
Towne Square Red
Friend Devlkp
Grant Deed
related
—
Jun 4, 1998
$70,000
Development-lake Perris Friend
Pacific National Bank
Grant Deed
$52,500 · Pacific National Bank
Dec 19, 1994
—
Nb Pac
White,fred L
Grant Deed
related
—
Jan 1, 1989
$192,000
White Fred L
Corporate Assura
Trustees Deed
—
Jan 1, 1989
—
Corporate Assura
Patel Hiralal B
Trustees Deed
related
—
—
—
Redlands Towne Square LLC
—
Deed Of Trust
related
$11,100,000 · L J Melody & Co
—
—
D Steyer
—
Deed Of Trust
related
$40,000
—
—
Fred L White
—
Deed Of Trust
related
$600,000 · Farmer Merchants
—
—
Fred L White
—
Deed Of Trust
related
$1,050,000 · Fidelity Federal Bank
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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