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Property profile & analytics
OFF-MARKET
Estimated value
$17,890,000
Apartment buildings
4420 Varsity Ave San Bernardino, CA 92407-4634
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US10-1544170
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1987
Construction
WOOD FRAME
Total area
137,200 SF
Lot
10.07 ac (438,649 SF)
APN
0266-591-01-0000
UPID
US10-1544170
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
-
Alexus Valdez Counselor
-
Fontaine Willis Handicapped Transportation Service
-
Cien Credit Repair San Bernardino CA Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$17.89M
Owner & transaction history
Castlepark Apartments LLC · 12 yrs held
Castlepark Apartments LLC
since 2013
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$27.5M
+0.2%
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 San Bernardino submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Bernardino 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
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$27,450,000
Current use
AUTO REPAIR, GARAGE
$27,520,000
Change: +0% · Conversion: Difficult
WAREHOUSE, STORAGE
$25,245,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$17.89M
Range $16.10M – $19.68M · ±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
$130 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$285,769
Tax year 2023
Assessed value
$23,357,508
Assessed 2024
Previous assessed
$22,899,518
+2.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$4,206,394
Assessed improvement
$19,151,114
Applied tax rate
7.0000
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
1987
Construction
WOOD FRAME
Heating
NONE
Stories
2
Units
168
Rooms
7
Bathrooms
2
Total area
137,200 SF
Lot
10.07 ac (438,649 SF)
APN
0266-591-01-0000
UPID
US10-1544170
Jurisdiction
SAN BERNARDINO
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$27.5M
AUTO REPAIR, GARAGE
Est. value
$27.5M
WAREHOUSE, STORAGE
Est. value
$25.2M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
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
1987
Construction
WOOD FRAME
Heating
NONE
Stories
2
Units
168
Rooms
7
Bathrooms
2
Lot
10.07 ac
Current owner
From public records · entity-resolved
Castlepark Apartments LLC
Entity
Mailing address
9757 NE JUANITA DR STE #300, KIRKLAND, WA 98034-4291
Ownership since
2013
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 28, 2020
—
Castlepark Apartments LLC
—
Deed
related
$92,887,000 · Cbre Multifamily Cap
Sep 18, 2013
$59,000,000
Castlepark Apartments LLC
Pera Castlepark INC
Grant Deed
$46,625,000 · Union Bank NA
Jan 28, 2003
—
C Pera
Castlebar
Grant Deed
related
—
Dec 26, 2002
—
C Pera
Castlebar
Grant Deed
related
—
—
—
Castlebar INC
—
Deed Of Trust
related
$21,000,000 · Capital Co America LLC
—
—
Castlepark Apartments LLC
—
Deed Of Trust
related
$92,887,000 · Cbre Multifamily Cap
—
—
Castlepark Apartments LLC
—
Loan Modification
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.
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