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Property profile & analytics
OFF-MARKET
Estimated value
$3,445,000
Apartment buildings
365 Clemmens Ln Fallbrook, CA 92028-4033
Individually Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9897748
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1978
Total area
21,296 SF
Lot
1.5 ac (65,340 SF)
Zoning code
R-4:MULTIPLE RESIDENTIAL
APN
104-162-29-00
UPID
US09-9897748
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
-
North County Junk Hauling Waste Management Facility Hazardous Waste Disposal
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.45M
Owner & transaction history
Felipe Jimenez · 13 yrs held
Felipe Jimenez
since 2013
7 recorded transactions
Zoning & alternative use
R-4:MULTIPLE RESIDENTIAL · Fallbrook, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$162 / 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
$35,617
Tax year 2024
Assessed value
$3,320,017
Assessed 2024
Previous assessed
$3,320,017
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$1,282,129
Assessed improvement
$2,037,888
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
1978
Heating
NONE
Units
33
Total area
21,296 SF
Lot
1.5 ac (65,340 SF)
Zoning code
R-4:MULTIPLE RESIDENTIAL
APN
104-162-29-00
UPID
US09-9897748
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.
Building & site characteristics
From public records
Year built
1978
Heating
NONE
Units
33
Lot
1.5 ac
Current owner
From public records · entity-resolved
Felipe Jimenez
Individual
Mailing address
321 N ORANGE AVE, FALLBROOK, CA 92028-2154
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
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
Nov 13, 2017
—
Felipe Jimenez
—
Deed
related
$1,144,642 · Altapacific Bank
Jun 3, 2013
$2,750,000
Felipe Jimenez
Crown Partners LP
Grant Deed
$2,028,500 · Mission Oaks National Bank
Sep 5, 2003
—
Partners LP Crown
Margolin,tr
Quit Claim Deed
related
—
Jan 10, 2002
—
Partners Crown
Margolin,leonid Etal
Quit Claim Deed
related
—
Feb 29, 2000
—
Margolin Trust
Cancer Foundation Santa Barbar
Grant Deed
$1,034,000 · Financial Inst Partners Mtg
Sep 20, 1999
—
Cancer Foundation Of Sant
Smith,p Gene Etal
Grant Deed
related
—
Mar 25, 1998
—
P Gene Etal Smith
Smith,p Gene & Elaine A
Quit Claim Deed
related
—
—
—
Smith P G
—
Deed Of Trust
related
$650,000 · American Savings Bank
—
—
Partners LP Crown
—
Deed Of Trust
related
$1,545,000 · Washington Mutual Fsb
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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