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Property profile & analytics
OFF-MARKET
Estimated value
$1,015,000
Apartment buildings
430 Delaware St 38 Imperial Beach, CA 91932-1423
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8277129
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1965
Total area
3,697 SF
Lot
0.34 ac (15,023 SF)
Zoning code
R-3:RESTRICTED MULTIPLE
APN
626-031-21-00
UPID
US09-8277129
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
$1.02M
CAP Approach
CAP
$945k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.02M
Owner & transaction history
Pinnacle Re LLC · 1 yrs held
Pinnacle Re LLC
since 2024
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
R-3:RESTRICTED MULTIPLE · Imperial Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.6M
+32.0%
Auto repair, garage
$1.4M
+20.1%
Office building
$1.3M
+13.4%
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 Imperial Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Imperial Beach 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
$1,015,000
ML approach
$1,015,000
CAP Approach
CAP Return
Estimation
6%
$1,025,000
6.5%
$945,000
7%
$880,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,175,000
Current use
RETAIL STORES
$1,550,000
Change: +32% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,410,000
Change: +20% · Conversion: Difficult
OFFICE BUILDING
$1,335,000
Change: +13% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,050,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$1.02M
Range $914k – $1.12M · ±10% · vs last sale $1.02M (Jul 18 2024)
Last sale anchor
$1.02M
Jul 18 2024
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
$275 / 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
$24,693
Tax year 2024
Assessed value
$1,887,000
Assessed 2024
Previous assessed
$1,887,000
+0.0% YoY
Effective rate
1.31%
On assessed value
Assessed land
$1,428,000
Assessed improvement
$459,000
Applied tax rate
14.0000
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
1965
Heating
NONE
Units
5
Bathrooms
5
Total area
3,697 SF
Lot
0.34 ac (15,023 SF)
Zoning code
R-3:RESTRICTED MULTIPLE
APN
626-031-21-00
UPID
US09-8277129
Jurisdiction
SAN DIEGO
Zoning & alternative use
R-3:RESTRICTED MULTIPLE · Imperial Beach, CA
Zoning R-3:RESTRICTED MULTIPLE · permitted uses
R-3:RESTRICTED MULTIPLE · Imperial Beach, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Imperial Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.2M
RETAIL STORES
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.3M
WAREHOUSE, STORAGE
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS) Current
RETAIL STORES
AUTO REPAIR, GARAGE
OFFICE BUILDING
WAREHOUSE, STORAGE
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
1965
Heating
NONE
Units
5
Bathrooms
5
Lot
0.34 ac
Current owner
From public records · entity-resolved
Pinnacle Re LLC
Entity
Mailing address
15550 PINEHURST PL, SAN DIEGO, CA 92131-4310
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Jul 18, 2024
$1,015,000
Pinnacle Re LLC
Glenn L Goldman
Grant Deed
$1,160,000 · Jpmorgan Chase Bank NA
Jul 10, 2023
—
Glenn L Goldman
—
Deed
related
$1,160,000 · Jpmorgan Chase Bank NA
Jul 6, 2022
$1,850,000
Glenn L Goldman
Maurine B Beinbrink
Grant Deed
—
Feb 1, 2006
—
Algert James H Trust
Algert,james H
Quit Claim Deed
related
—
Sep 18, 1998
$55,000
James H Algert
Olson,keith A & Elizabeth A
Grant Deed
—
Mar 20, 1991
$325,000
Olson Keith A
Binstead Clara
Grant Deed
$235,000 · Home Savings Of America
Jul 24, 1990
—
Clara Binstead
Binstead Clara
Quit Claim Deed
related
$195,000 · World Savings & Loan
Apr 25, 1989
$306,000
Binstead Clara
San Diego Realty
Trustees Deed
$106,000 · California Federal Bank
Apr 25, 1989
—
Arpple INC
Christensen Clyd
Trustees Deed
related
—
—
—
James H Algert
—
Deed Of Trust
related
$250,000 · North Island Financial Cu
—
—
Algert James H Living Trust
—
Deed Of Trust
related
—
—
—
Olson Keith A
—
Deed Of Trust
related
$25,000 · Individual
—
—
Algert James H Living Trust
—
Deed Of Trust
related
$250,000 · North Island Financial Cu
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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