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Property profile & analytics
OFF-MARKET
Estimated value
$500,000
Apartment buildings
403 B St Perris, CA 92570-2052
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3346205
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1949
Construction
WOOD
Total area
1,516 SF
Lot
0.16 ac (6,969 SF)
Zoning code
R2
APN
313-122-035
UPID
US09-3346205
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
$650k
CAP Approach
CAP
$380k
Comparable Approach
Comparable
$350k
Blend (final)
Blend
$500k
Owner & transaction history
Hvmj LLC · 3 yrs held
Hvmj LLC
since 2023
Last sale
$515,000
7 recorded transactions
Zoning & alternative use
R2 · 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
$605,000
ML approach
$650,000
CAP Approach
CAP Return
Estimation
6%
$410,000
6.5%
$380,000
7%
$350,000
Blend value · Realmo final
$500k
Range $450k – $550k · ±10% · vs last sale $515k (Apr 12 2023)
Last sale anchor
$515k
Apr 12 2023
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
$330 / 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
$6,636
Tax year 2024
Assessed value
$583,440
Assessed 2024
Previous assessed
$583,440
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$224,400
Assessed improvement
$359,040
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
1949
Construction
WOOD
Heating
NONE
Stories
1
Total area
1,516 SF
Lot
0.16 ac (6,969 SF)
Zoning code
R2
APN
313-122-035
UPID
US09-3346205
Jurisdiction
RIVERSIDE
Zoning & alternative use
R2 · Perris, CA
Zoning R2 · permitted uses
R2 · 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
1949
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Hvmj LLC
Entity
Mailing address
12811 SILVER ROSE CT, RANCHO CUCAMONGA, CA 91739-8842
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 12, 2023
$515,000
Hvmj LLC
Joel E Patton
Grant Deed
—
Mar 16, 2017
—
Joel E Patton
Patton,patricia A
Affidavit Of Death
related
$170,000 · Provident Savings Bank Fsb
Oct 14, 2009
—
Patton Joel & P Living Trust
Patton,joel E & Patricia A
Quit Claim Deed
related
—
Feb 22, 1999
—
Patton,joel E Etux
Cordray,curt T Etal
Trustees Deed
related
—
Feb 3, 1995
—
Curt T Etal Cordray
Cordray,curt T Etux
Quit Claim Deed
related
—
May 19, 1992
—
Perris City Redevelopment Agency
Cordray,curt T
Grant Deed
related
—
—
—
Joel E Patton
—
Deed Of Trust
related
$45,000 · Pff Bank & Trust
—
—
Joel E Patton
—
Deed Of Trust
related
$35,000 · Pff Bank & Trust
—
—
Joel E Patton
—
Deed Of Trust
related
$80,000 · Pff Bank & Trust
—
—
Joel E Patton
—
Deed Of Trust
related
$120,000 · Pff Bank & Trust
—
—
Joel E Patton
—
Deed Of Trust
related
$140,000 · Pff Bank & Trust
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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