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Property profile & analytics
OFF-MARKET
Estimated value
$1,930,000
Apartment buildings
390 Mollison Ave El Cajon, CA 92020-5483
Individually Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6772566
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1981
Total area
21,594 SF
Lot
1.18 ac (51,400 SF)
Zoning code
COMMERCIAL
APN
488-261-80-00
UPID
US09-6772566
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
-
Mollison El Dorado Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.70M
Blend (final)
Blend
$1.93M
Owner & transaction history
Albert Shamasha · 5 yrs held
Albert Shamasha
since 2020
7 recorded transactions
Zoning & alternative use
COMMERCIAL · El Cajon, 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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.93M
Range $1.74M – $2.12M · ±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
$89 / 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
$82,037
Tax year 2024
Assessed value
$5,494,758
Assessed 2024
Previous assessed
$5,494,758
+0.0% YoY
Effective rate
1.49%
On assessed value
Assessed land
$2,810,669
Assessed improvement
$2,684,089
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
1981
Heating
NONE
Units
28
Bathrooms
6
Total area
21,594 SF
Lot
1.18 ac (51,400 SF)
Zoning code
COMMERCIAL
APN
488-261-80-00
UPID
US09-6772566
Jurisdiction
SAN DIEGO
Zoning & alternative use
COMMERCIAL · El Cajon, CA
Zoning COMMERCIAL · permitted uses
COMMERCIAL · 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.
Building & site characteristics
From public records
Year built
1981
Heating
NONE
Units
28
Bathrooms
6
Lot
1.18 ac
Current owner
From public records · entity-resolved
Albert Shamasha
Individual
Mailing address
2445 ALPINE BLVD, ALPINE, CA 91901-2204
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Apr 9, 2021
—
Leslie E Hurst
—
Deed
related
$2,650,000 · Jpmorgan Chase Bank NA
Aug 3, 2020
—
Albert Shamasha
Seemon Shamasha
Quit Claim Deed
related
$320,000 · Loandepot.com LLC
Jun 17, 2019
—
Hurst,leslie E 2019 Trust
Hurst,leslie E
Quit Claim Deed
related
—
Oct 19, 2018
$5,000,000
George G Hurst
Rsl Mollison LLC
Grant Deed
$250,000 · Jpmorgan Chase Bank NA
Oct 19, 2018
—
Leslie E Hurst
Goonasekera,ratna S
Quit Claim Deed
related
—
Jul 1, 2004
—
Rsl Mollison LLC
Styn,tr
Quit Claim Deed
related
—
Jun 26, 2003
$2,800,000
Styn,tr
Hillgren,tr
Grant Deed
$935,000 · Washington Mutual Fsb
Nov 21, 2000
$1,545,000
Hillgren Trust
Apogee Apartments LP
Grant Deed
$1,157,700 · Us Bank Trust NA
May 10, 1999
—
Dr Howard M Stein INC Eta
Stein,howard M
Quit Claim Deed
related
—
Mar 16, 1993
—
Alkiviadis Vassiliadis
California Feder
Grant Deed
related
—
Feb 21, 1992
—
Howard M Stein
Stein Trust
Quit Claim Deed
related
$746,000 · Home Savings Of America
Jun 28, 1991
$1,410,000
Howard M Stein
Schell INC
Grant Deed
—
—
—
South Mollis 390
—
Deed Of Trust
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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