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Property profile & analytics
OFF-MARKET
Estimated value
$47,220,000
Apartment buildings
3940 Dawes St Riverside, CA 92503-3532
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0031990
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1972
Construction
WOOD
Total area
5,284 SF
Lot
3.35 ac (145,926 SF)
Zoning code
RA
APN
145-271-017
UPID
US09-0031990
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
-
Rejuvenation Massage Therapy by Joshua Alternative Medicine Practice Spa & Massage Center
-
Orchard Park Apartments Apartment Complex Apartment Building
-
Oak Tree Apts Real Estate Agency
-
CL pro ads Marketing & Advertising Advertising Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$47.22M
Owner & transaction history
San Bernardo Company LP · 4 yrs held
San Bernardo Company LP
since 2022
7 recorded transactions
Zoning & alternative use
RA · Riverside, 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 Riverside submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Riverside 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
$8,936 / 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
$172,574
Tax year 2024
Assessed value
$13,928,693
Assessed 2024
Previous assessed
$13,928,693
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$2,103,192
Assessed improvement
$11,825,501
Applied tax rate
9.0000
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
1972
Construction
WOOD
Heating
NONE
Stories
2
Units
11
Total area
5,284 SF
Lot
3.35 ac (145,926 SF)
Zoning code
RA
APN
145-271-017
UPID
US09-0031990
Jurisdiction
RIVERSIDE
Zoning & alternative use
RA · Riverside, CA
Zoning RA · permitted uses
RA · Riverside, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Riverside. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1972
Construction
WOOD
Heating
NONE
Stories
2
Units
11
Lot
3.35 ac
Current owner
From public records · entity-resolved
San Bernardo Company LP
Entity
Mailing address
301 N PALM CYN DR STE #103, PALM SPRINGS, CA 92262-5672
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2022
—
San Bernardo Company LP
Subsidiaria De San Bernardo LLC
Grant Deed
$16,850,000 · Berkadia Commercial Mortgage LLC
May 9, 2019
—
Subsidiaria De San Bernardo Ll
San Bernardo Co LP
Quit Claim Deed
—
Dec 2, 2013
$11,550,000
San Bernardo Co LP
Dawes Investors LLC
Grant Deed
$8,700,000 · American West Bank
Dec 23, 1996
$5,160,000
William J O'connor JR.
Managed Properties INC
Grant Deed
$2,280,000 · St Paul Fsb
May 22, 1996
$3,160,000
Managed Properties INC
Harding,john M&mary J Trust
Trustees Deed
—
Jul 31, 1991
—
S M Accommodator INC
Hogan,timothy P
Quit Claim Deed
related
—
Jul 31, 1991
$1,450,000
Harding,john M&mary J
S M Accommodator
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.
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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