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Property profile & analytics
OFF-MARKET
Estimated value
$3,330,000
Apartment buildings
342 Wilkerson Ave Perris, CA 92570-2271
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1011181
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1993
Construction
WOOD
Total area
16,360 SF
Lot
1.35 ac (58,806 SF)
Zoning code
C1
APN
310-070-073
UPID
US09-1011181
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
-
Perris Villas Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.77M
CAP Approach
CAP
$4.08M
Comparable Approach
Comparable
$2.76M
Blend (final)
Blend
$3.33M
Owner & transaction history
Tongzhang INC · 4 yrs held
Tongzhang INC
since 2022
Last sale
$2.8M
7 recorded transactions
Zoning & alternative use
C1 · 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
$3,780,000
ML approach
$3,765,000
CAP Approach
CAP Return
Estimation
6%
$4,415,000
6.5%
$4,075,000
7%
$3,785,000
Blend value · Realmo final
$3.33M
Range $3.00M – $3.66M · ±10% · vs last sale $2.79M (Jan 31 2022)
Last sale anchor
$2.79M
Jan 31 2022
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
$204 / 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
$38,462
Tax year 2024
Assessed value
$3,364,989
Assessed 2024
Previous assessed
$3,364,989
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$636,963
Assessed improvement
$2,728,026
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 (5+ UNITS)
Status
Off-Market
Year built
1993
Construction
WOOD
Heating
NONE
Stories
2
Units
2
Total area
16,360 SF
Lot
1.35 ac (58,806 SF)
Zoning code
C1
APN
310-070-073
UPID
US09-1011181
Jurisdiction
RIVERSIDE
Zoning & alternative use
C1 · Perris, CA
Zoning C1 · permitted uses
C1 · 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
1993
Construction
WOOD
Heating
NONE
Stories
2
Units
2
Lot
1.35 ac
Current owner
From public records · entity-resolved
Tongzhang INC
Entity
Mailing address
8861 KATELLA AVE #200, ANAHEIM, CA 92804-6238
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2022
—
Tongzhang INC
Tongzhang INC
Intrafamily Transfer
related
$4,300,000 · Berkadia Commercial Mortgage LLC
Sep 26, 2017
—
Tongzhang INC
—
Deed
related
$2,500,000 · Readycap Com'l
Jul 3, 2013
$2,792,000
Tongzhang INC
Tyni Family Trust
Grant Deed
$1,674,000 · East West Bank
Aug 27, 2004
—
Matt Tyni
Consolidated Lauco Systems
Quit Claim Deed
related
$1,600,000 · Washington Mutual Fsb
Mar 4, 2004
—
Tyni,tr
Tyni,matt & Janice S
Quit Claim Deed
related
—
Mar 31, 2000
$1,440,000
Matt Tyni
Ward,michael C
Grant Deed
$1,000,000 · California Federal Bank
Jan 20, 1999
$960,000
Michael C Ward
Wu,benjamin H & Mabel A
Grant Deed
$781,875 · First Fidelity Thrift & Loan
Jan 15, 1992
—
Benjamin H J Wu
—
Grant Deed
related
$1,300,000 · Far East National Bank
Jan 22, 1991
$423,000
Wu Benjamin H
A & G INC
Grant Deed
—
Jun 1, 1989
$290,000
A&g Incorporated
Williams Julius
Grant Deed
—
—
—
Benjamin H Wu
—
Deed Of Trust
related
$1,200,000 · Far East National Bank
—
—
Michael C Ward
—
Deed Of Trust
related
$30,000 · Individual
—
—
Tongzhang INC
—
Deed Of Trust
related
$2,500,000 · Readycap Com'l
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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