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Property profile & analytics
OFF-MARKET
Estimated value
$765,000
Apartment buildings
470 Ammunition Rd 88, Fallbrook, CA 92028-3213
Individually Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-9940511
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1953
Total area
4,184 SF
Lot
0.4 ac (17,262 SF)
Zoning code
R-4:MULTIPLE RESIDENTIAL
APN
104-162-46-00
UPID
US09-9940511
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
$765k
CAP Approach
CAP
$1.07M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$765k
Owner & transaction history
Erik Garcia Rojas · 4 yrs held
Erik Garcia Rojas
since 2021
Last sale
$780,000
7 recorded transactions
Zoning & alternative use
R-4:MULTIPLE RESIDENTIAL · 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
$740,000
ML approach
$765,000
CAP Approach
CAP Return
Estimation
6%
$1,160,000
6.5%
$1,070,000
7%
$995,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,185,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$765k
Range $689k – $842k · ±10% · vs last sale $780k (Jul 20 2021)
Last sale anchor
$780k
Jul 20 2021
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
$183 / 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
$11,229
Tax year 2024
Assessed value
$1,045,022
Assessed 2024
Previous assessed
$1,045,022
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$522,511
Assessed improvement
$522,511
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
1953
Heating
NONE
Units
10
Bathrooms
10
Total area
4,184 SF
Lot
0.4 ac (17,262 SF)
Zoning code
R-4:MULTIPLE RESIDENTIAL
APN
104-162-46-00
UPID
US09-9940511
Jurisdiction
SAN DIEGO
Zoning & alternative use
R-4:MULTIPLE RESIDENTIAL · Fallbrook, CA
Zoning R-4:MULTIPLE RESIDENTIAL · permitted uses
R-4:MULTIPLE RESIDENTIAL · 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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE
Est. value
$1.2M
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
1953
Heating
NONE
Units
10
Bathrooms
10
Lot
0.4 ac
Current owner
From public records · entity-resolved
Erik Garcia Rojas
Individual
Free & Clear · 4 yrs held
Mailing address
1338 LOS CONEJOS RD, FALLBROOK, CA 92028-4339
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 20, 2021
—
Erik Garcia Rojas
Erik Garcia Rojas
Intrafamily Transfer
related
—
Jun 1, 2016
—
Blanca I Rodriguez Garcia
Erik R Garcia
Intrafamily Transfer
related
$465,000 · Balboa Thrift & Loan
Jun 27, 2006
$780,000
Erik R Garcia
Peter Cavaretta
Grant Deed
$585,000 · Temecula Valley Bank NA
Mar 30, 2006
$475,098
Cavaretta Peter & Ann Trust
Foreclosure Specialists
Trustees Deed
related
—
May 23, 2005
$10,000
Alfredo Dinunzio JR.
Dinunzio,alfredo JR
Grant Deed
related
—
May 5, 2005
$650,000
Alfredo Dinunzio JR
Peter Cavaretta
Grant Deed
$195,000 · Taylor Made Loans INC
Jun 18, 2003
$625,000
Cavaretta,tr
Teberg,tr
Grant Deed
—
Mar 21, 1996
$30,000
John A Teberg
James H Corning Trustee
Grant Deed
related
—
Nov 16, 1988
$325,000
James H Corning
Lemon James F
Trustees Deed
$243,750 · Wells Fargo Bank
Nov 16, 1988
$117,000
James F Lemon
Holbrook John J
Trustees Deed
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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