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Property profile & analytics
OFF-MARKET
Estimated value
$18,890,000
Apartment buildings
510 Central Ave, Upland, CA 91786-8811
Entity Owned
11-yr Hold
Property ID
US10-1550549
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
2005
Construction
WOOD FRAME
Total area
129,480 SF
Lot
6.39 ac (278,348 SF)
APN
1007-281-47-0000
UPID
US10-1550549
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
$17.64M
Comparable Approach
Comparable
$11.92M
Blend (final)
Blend
$18.89M
Owner & transaction history
Lpi Del LLC · 11 yrs held
Lpi Del LLC
since 2015
6 recorded transactions
Zoning & alternative use
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 Upland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Upland 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%
$19,105,000
6.5%
$17,635,000
7%
$16,375,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$27,600,000
Current use
Blend value · Realmo final
$18.89M
Range $17.00M – $20.78M · ±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
$146 / 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
$329,028
Tax year 2023
Assessed value
$31,452,992
Assessed 2024
Previous assessed
$30,836,267
+2.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$8,255,791
Assessed improvement
$23,197,201
Applied tax rate
8.0000
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
2005
Construction
WOOD FRAME
Heating
NONE
Stories
2
Units
128
Total area
129,480 SF
Lot
6.39 ac (278,348 SF)
APN
1007-281-47-0000
UPID
US10-1550549
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
$27.6M
APARTMENT HOUSE (5+ UNITS) Current
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
2005
Construction
WOOD FRAME
Heating
NONE
Stories
2
Units
128
Lot
6.39 ac
Current owner
From public records · entity-resolved
Lpi Del LLC
Entity
Mailing address
1900 S NORFOLK ST STE #225, SAN MATEO, CA 94403-1166
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2020
—
Lpi Del LLC
—
Deed
related
$18,000,000 · Miscellaneous Ins Co
Feb 11, 2015
—
Lpi Del LLC
Broocker Del LLC
Grant Deed
—
May 22, 2013
$26,450,000
Lpi Del LLC
Broadstone Residential LLC
Grant Deed
$17,190,000 · Cbre Capital Markets INC
Feb 9, 2006
—
Broadstone Residential LLC
Broadstone Upland LLC
Quit Claim Deed
—
Feb 12, 2004
$203,454
Arcadian Apartments LLC
Cherbak B A & B S Trust
Grant Deed
—
—
—
Lpi Del LLC
—
Deed Of Trust
related
$18,000,000 · Miscellaneous Ins Co
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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