New search
Property profile & analytics
OFF-MARKET
Estimated value
$8,630,000
Apartment buildings
435 Alturas Rd, Fallbrook, CA 92028-2897
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9937367
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2010
Total area
76,867 SF
Lot
1.77 ac (77,101 SF)
Zoning code
R-3:RESTRICTED MULTIPLE
APN
104-010-39-00
UPID
US09-9937367
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
-
Springbrook Grove Apartments Apartment Building Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.87M
Blend (final)
Blend
$8.63M
Owner & transaction history
435 Alturas LP · 6 yrs held
435 Alturas LP
since 2019
7 recorded transactions
Zoning & alternative use
R-3:RESTRICTED MULTIPLE · Fallbrook, 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 Fallbrook submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fallbrook 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
$8.63M
Range $7.77M – $9.49M · ±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
$112 / 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
$217
Tax year 2024
Assessed value
$3,645,484
Assessed 2024
Previous assessed
$3,645,484
+0.0% YoY
Effective rate
0.01%
On assessed value
Assessed land
$1,179,420
Assessed improvement
$2,466,064
Applied tax rate
75.0000
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
2010
Heating
NONE
Units
44
Bathrooms
13
Total area
76,867 SF
Lot
1.77 ac (77,101 SF)
Zoning code
R-3:RESTRICTED MULTIPLE
APN
104-010-39-00
UPID
US09-9937367
Jurisdiction
SAN DIEGO
Zoning & alternative use
R-3:RESTRICTED MULTIPLE · Fallbrook, CA
Zoning R-3:RESTRICTED MULTIPLE · permitted uses
R-3:RESTRICTED MULTIPLE · Fallbrook, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fallbrook. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2010
Heating
NONE
Units
44
Bathrooms
13
Lot
1.77 ac
Current owner
From public records · entity-resolved
435 Alturas LP
Entity
Mailing address
3250 WILSHIRE BLVD STE #1805, LOS ANGELES, CA 90010-1606
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
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
Dec 12, 2019
—
435 Alturas LP
435 Alturas LLC
Quit Claim Deed
related
—
Sep 26, 2019
$1,972,000
435 Alturas LLC
Springbrook Grove
Grant Deed
—
May 14, 2018
—
Springbrook Grove
—
Deed
related
$1,418,000 · Jpmorgan Chase Bank NA
Jun 12, 2008
$188,000
Springbrook Grove
Sadi LLC
Grant Deed
—
Jan 27, 2006
—
Lance V Larson
Larson-everson,stacey D
Quit Claim Deed
related
—
Jan 27, 2006
$1,500,000
Sadi LLC
Lance V Larson
Grant Deed
$1,300,000 · Century Housing Corp
Feb 17, 2000
$520,000
Larson Trust
Livingston,david A & Dana L
Grant Deed
$335,600 · Highland Federal Bank
Jul 30, 1993
—
Ronald W Miller
Powell,timothy J
Quit Claim Deed
related
—
Jul 30, 1993
$217,000
Livingston,david A & Dana L
Miller,ronald W
Trustees Deed
related
$38,640 · Seller
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 435 Alturas Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
