Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$775,000
Apartment buildings
492 23rd St San Bernardino, CA 92405-3748
Entity Owned
1-yr Hold
Property ID
US10-1555038
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1978
Construction
WOOD FRAME
Total area
3,472 SF
Lot
0.17 ac (7,500 SF)
APN
0149-211-24-0000
UPID
US10-1555038
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
by Request
CAP Approach
CAP
$685k
Comparable Approach
Comparable
$728k
Blend (final)
Blend
$775k
Owner & transaction history
Spn Real Estate Holdings LP · 1 yrs held
Spn Real Estate Holdings LP
since 2025
Last sale
$848,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.0M
+44.6%
Neighborhood: shopping center
$935,000
+34.5%
Commercial (general)
$880,000
+26.8%
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%
$740,000
6.5%
$685,000
7%
$635,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$695,000
Current use
MEDICAL BUILDING
$1,005,000
Change: +45% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$935,000
Change: +35% · Conversion: Difficult
COMMERCIAL (GENERAL)
$880,000
Change: +27% · Conversion: Moderate
AUTO REPAIR, GARAGE
$695,000
Change: +0% · Conversion: Difficult
WAREHOUSE, STORAGE
$640,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$775k
Range $698k – $853k · ±10% · vs last sale $848k (Nov 26 2024)
Last sale anchor
$848k
Nov 26 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
$223 / 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
$4,647
Tax year 2023
Assessed value
$369,426
Assessed 2024
Previous assessed
$362,183
+2.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$36,942
Assessed improvement
$332,484
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 (5+ UNITS)
Status
Off-Market
Year built
1978
Construction
WOOD FRAME
Heating
NONE
Units
6
Total area
3,472 SF
Lot
0.17 ac (7,500 SF)
APN
0149-211-24-0000
UPID
US10-1555038
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
$695,000
MEDICAL BUILDING
Est. value
$1.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$935,000
COMMERCIAL (GENERAL)
Est. value
$880,000
AUTO REPAIR, GARAGE
Est. value
$695,000
WAREHOUSE, STORAGE
Est. value
$640,000
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
1978
Construction
WOOD FRAME
Heating
NONE
Units
6
Lot
0.17 ac
Current owner
From public records · entity-resolved
Spn Real Estate Holdings LP
Entity
Mailing address
2115 JOAN DR, HACIENDA HEIGHTS, CA 91745-4123
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 26, 2025
$848,000
Spn Real Estate Holdings LP
Clg Property Management LP
Grant Deed
—
Jun 25, 2018
—
Clg Property Management LP
—
Deed
related
$335,000 · Eastern International Bank
Sep 1, 2011
$300,000
Clg Property Management LP
Merrill Living Trust
Grant Deed
$275,000 · Merrill Living Trust (lt)
Aug 31, 2006
—
Merrill Living Trust
Merrill,richard A & Melanie A
Quit Claim Deed
related
—
Oct 9, 2003
—
Richard A Merrill
Merrill,tr
Quit Claim Deed
related
$188,500 · East West Bank
Apr 11, 2002
—
Merrill,tr Etal
Merrill,richard A Etal
Quit Claim Deed
related
—
Sep 30, 1999
$138,000
Richard A Merrill
Mcvicar,duncan P
Grant Deed
$110,400 · Jackson Federal Bank
Jan 29, 1998
$89,000
Duncan P Mcvicar
Western Financial Savings Bank
Grant Deed
$66,750 · Western Financial Savings Bank
Mar 14, 1997
$145,000
Western Financial Savings Bank
Gonzalez,genaro & Magdalena
Trustees Deed
related
—
Jul 2, 1990
$225,000
Genaro Gonzalez
Do Bang T
Grant Deed
$151,250 · Western Financial Savings Bank
Nov 1, 1988
$185,000
Bang T Do
Shea Ronson
Grant Deed
$148,000 · Gibraltar Savings Bank Fsb
—
—
Genaro Gonzalez
—
Deed Of Trust
related
$7,700 · Individual
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 492 23rd St?
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.
