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Property profile & analytics
OFF-MARKET
Estimated value
$9,100,000
Apartment buildings
480 Jamacha Rd El Cajon, CA 92019-2482
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US09-6813927
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1977
Total area
29,200 SF
Lot
1.32 ac (57,499 SF)
Zoning code
R-3:RESTRICTED MULTIPLE
APN
511-260-70-00
UPID
US09-6813927
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
-
The Woods Apartments Apartment Complex
-
Hardy Ijomah Physician
-
H P Logistics Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.10M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.01M
Blend (final)
Blend
$9.10M
Owner & transaction history
2193 Ocean View Blvd LLC · 1 yrs held
2193 Ocean View Blvd LLC
since 2024
Last sale
$9.1M
7 recorded transactions
Zoning & alternative use
R-3:RESTRICTED MULTIPLE · El Cajon, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$13.9M
+86.5%
Office building
$10.5M
+41.7%
Retail stores
$9.3M
+25.4%
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 El Cajon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs El Cajon 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
$9,100,000
ML approach
$9,100,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$7,430,000
Current use
MEDICAL BUILDING
$13,860,000
Change: +87% · Conversion: Moderate
OFFICE BUILDING
$10,530,000
Change: +42% · Conversion: Moderate
RETAIL STORES
$9,315,000
Change: +25% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$7,125,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$9.10M
Range $8.19M – $10.01M · ±10% · vs last sale $9.10M (Dec 18 2024)
Last sale anchor
$9.10M
Dec 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
$312 / 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
$79,185
Tax year 2024
Assessed value
$4,627,023
Assessed 2024
Previous assessed
$4,627,023
+0.0% YoY
Effective rate
1.71%
On assessed value
Assessed land
$1,850,809
Assessed improvement
$2,776,214
Applied tax rate
3.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1977
Heating
NONE
Units
32
Total area
29,200 SF
Lot
1.32 ac (57,499 SF)
Zoning code
R-3:RESTRICTED MULTIPLE
APN
511-260-70-00
UPID
US09-6813927
Jurisdiction
SAN DIEGO
Zoning & alternative use
R-3:RESTRICTED MULTIPLE · El Cajon, CA
Zoning R-3:RESTRICTED MULTIPLE · permitted uses
R-3:RESTRICTED MULTIPLE · El Cajon, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
El Cajon. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$7.4M
MEDICAL BUILDING
Est. value
$13.9M
OFFICE BUILDING
Est. value
$10.5M
RETAIL STORES
Est. value
$9.3M
INDUSTRIAL (GENERAL)
Est. value
$7.1M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
INDUSTRIAL (GENERAL)
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
1977
Heating
NONE
Units
32
Lot
1.32 ac
Current owner
From public records · entity-resolved
2193 Ocean View Blvd LLC
Entity
Mailing address
PO BOX 14670, SCOTTSDALE, AZ 85267-4670
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 11, 2025
—
2193 Ocean View Blvd LLC
—
Deed
related
$3,760,935 · Us Bank Trust Co NA
Dec 18, 2024
—
2193 Ocean View Blvd LLC
Thomas Hanna
Quitclaim Deed
related
—
Oct 30, 2024
$9,100,000
Thomas Hanna
The Woods Apartments LLC
Grant Deed
$3,800,000 · Us Bank NA
Apr 26, 2018
—
Woods Apartments LLC
—
Deed
related
$3,500,000 · Jpmorgan Chase Bank NA
Oct 16, 2013
$3,850,000
The Woods Apartments LLC
Rodney A Johnson
Grant Deed
—
Sep 9, 2002
—
Allan Etal Johnson
Johnson,rodney A Etal
Quit Claim Deed
related
—
Aug 29, 2002
—
Rodney A Johnson
Tito & Still Pacific A Holding
Grant Deed
related
—
Mar 28, 1997
$1,130,000
Tito Holdings
Glendale Federal Bank
Grant Deed
related
$847,500 · Glendale Federal Bank
Oct 10, 1996
$1,135,000
Glendale Federal Bank
Jamacha Ltd
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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