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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Apartment buildings
4166 Melrose St Riverside, CA 92504-2555
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0743709
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1985
Construction
WOOD
Total area
2,856 SF
Lot
0.35 ac (15,245 SF)
Zoning code
RO
APN
227-140-027
UPID
US09-0743709
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
$490k
CAP Approach
CAP
$585k
Comparable Approach
Comparable
$475k
Blend (final)
Blend
$515k
Owner & transaction history
Melrose Manor Apartments LLC · 8 yrs held
Melrose Manor Apartments LLC
since 2017
7 recorded transactions
Zoning & alternative use
RO · 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
Method
Estimation
Statistic approach
by Request
ML approach
$490,000
CAP Approach
CAP Return
Estimation
6%
$630,000
6.5%
$585,000
7%
$540,000
Blend value · Realmo final
$515k
Range $464k – $567k · ±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
$180 / 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
$17,273
Tax year 2024
Assessed value
$1,539,413
Assessed 2024
Previous assessed
$1,539,413
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$390,430
Assessed improvement
$1,148,983
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 (5+ UNITS)
Status
Off-Market
Year built
1985
Construction
WOOD
Heating
NONE
Stories
2
Units
2
Total area
2,856 SF
Lot
0.35 ac (15,245 SF)
Zoning code
RO
APN
227-140-027
UPID
US09-0743709
Jurisdiction
RIVERSIDE
Zoning & alternative use
RO · Riverside, CA
Zoning RO · permitted uses
RO · 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
1985
Construction
WOOD
Heating
NONE
Stories
2
Units
2
Lot
0.35 ac
Current owner
From public records · entity-resolved
Melrose Manor Apartments LLC
Entity
Mailing address
151 KALMUS DR STE M4, COSTA MESA, CA 92626-5977
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
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
Jul 17, 2018
—
Melrose Manor Apartments LLC
—
Grant Deed
related
$2,695,000 · Walker & Dunlop
Aug 30, 2017
$3,300,000
Melrose Manor Apartments LLC
Orilla Holdings LLC
Grant Deed
—
Oct 28, 2016
—
Orilla Holdings LLC
Sewell Family Trust/1992
Deed In Lieu Of Foreclosure
related
—
Sep 28, 2007
—
Sewell Family 1992 Trust
Sewell Family 1992 Trust
Quit Claim Deed
related
—
Sep 20, 2006
—
Sewell Family 1992 Trust
Sewell,robert F & Ida A
Quit Claim Deed
related
—
Nov 12, 1999
$71,818
Robert F Sewell
Cardoza,joe G & Celia
Grant Deed
related
$25,000 · Seller
Aug 1, 1988
$505,000
Exchang
Hunt Edward J
Trustees Deed
$400,000 · Great Western Bank
—
—
Robert Sewell
—
Deed Of Trust
related
$45,000 · Koning Trust
—
—
Sewell Family 1992 Trust
—
Deed Of Trust
related
$4,105,137 · Rockview Dairies INC
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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