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Property profile & analytics
OFF-MARKET
Estimated value
$1,020,000
Apartment buildings
374 Spencer Ave, Upland, CA 91786-7903
Individually Owned
10-yr Hold
Property ID
US10-1546783
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1964
Construction
WOOD FRAME
Total area
7,508 SF
Lot
0.45 ac (19,600 SF)
APN
1008-093-21-0000
UPID
US10-1546783
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
by Request
CAP Approach
CAP
$1.03M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.02M
Owner & transaction history
Restatement Of The Tan 1994 Family · 10 yrs held
Restatement Of The Tan 1994 Family
since 2016
7 recorded transactions
Zoning & alternative use
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 Upland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Upland 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%
$1,110,000
6.5%
$1,025,000
7%
$950,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,600,000
Current use
Blend value · Realmo final
$1.02M
Range $918k – $1.12M · ±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
$136 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$14,512
Tax year 2023
Assessed value
$1,366,591
Assessed 2024
Previous assessed
$1,339,795
+2.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$614,966
Assessed improvement
$751,625
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
1964
Construction
WOOD FRAME
Heating
NONE
Units
8
Total area
7,508 SF
Lot
0.45 ac (19,600 SF)
APN
1008-093-21-0000
UPID
US10-1546783
Jurisdiction
SAN BERNARDINO
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.6M
APARTMENT HOUSE (5+ UNITS) Current
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
1964
Construction
WOOD FRAME
Heating
NONE
Units
8
Lot
0.45 ac
Current owner
From public records · entity-resolved
Restatement Of The Tan 1994 Family
Individual
Mailing address
1028 TREVECCA PL, CLAREMONT, CA 91711-1405
Ownership since
2016
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 7, 2021
—
Fernando L Tan
—
Deed
related
$2,925,000 · Jpmorgan Chase Bank NA
Nov 20, 2018
—
Fernando L Tan
—
Deed
related
$250,000 · Jpmorgan Chase Bank NA
Jun 23, 2016
—
Restatement Of The Tan 1994 Family
Fernando L Tan
Intrafamily Transfer
related
$2,100,000 · Jpmorgan Chase Bank NA
Sep 30, 2004
$2,000,000
Tan Family 1994 Trust
Koneru,kumar
Grant Deed
—
Jun 28, 1996
$240,000
Koneru,kumar
Yalamanchili,rao R & Indira D
Trustees Deed
$168,000 · Quaker City Finl Corp
Jun 28, 1996
—
Kumar Koneru
Koneru,padma
Quit Claim Deed
related
—
Apr 11, 1991
$111,000
Ra Yalamanchili
Chu,joseph
Grant Deed
related
—
Jul 11, 1989
$550,000
Chu Joseph & Ell
Peter Mcwilliams
Trustees Deed
$360,900 · Jfd S&l
Jul 11, 1989
—
Peter Mcwilliam
Total Benefits
Trustees Deed
related
—
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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