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Property profile & analytics
OFF-MARKET
Estimated value
$1,265,000
Apartment buildings
511 Summerwood Ct Corona, CA 92882
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US09-2682848
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1987
Construction
WOOD
Total area
7,066 SF
Lot
2.9 ac (126,324 SF)
Zoning code
R106
APN
118-192-014
UPID
US09-2682848
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
$815k
CAP Approach
CAP
$1.63M
Comparable Approach
Comparable
$1.34M
Blend (final)
Blend
$1.27M
Owner & transaction history
Summerwood Village LLC · 1 yrs held
Summerwood Village LLC
since 2024
7 recorded transactions
Zoning & alternative use
R106 · Corona, 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 Corona submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Corona 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
$815,000
CAP Approach
CAP Return
Estimation
6%
$1,770,000
6.5%
$1,630,000
7%
$1,515,000
Blend value · Realmo final
$1.27M
Range $1.14M – $1.39M · ±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
$179 / 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
$81,160
Tax year 2024
Assessed value
$7,246,326
Assessed 2024
Previous assessed
$7,246,326
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$2,244,914
Assessed improvement
$5,001,412
Applied tax rate
4.0000
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
1987
Construction
WOOD
Heating
NONE
Stories
2
Units
7
Total area
7,066 SF
Lot
2.9 ac (126,324 SF)
Zoning code
R106
APN
118-192-014
UPID
US09-2682848
Jurisdiction
RIVERSIDE
Zoning & alternative use
R106 · Corona, CA
Zoning R106 · permitted uses
R106 · Corona, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Corona. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1987
Construction
WOOD
Heating
NONE
Stories
2
Units
7
Lot
2.9 ac
Current owner
From public records · entity-resolved
Summerwood Village LLC
Entity
Mailing address
2230 S PO BOX 660368TH AVE, ARCADIA, CA 91066-0368
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2024
—
Summerwood Village LLC
Seline Excelsior Group LLC
Grant Deed
—
Apr 26, 2022
—
Virginia J Chipp
Virginia J Chipp
Intrafamily Transfer
related
—
Dec 1, 2017
—
Chipp Family Trust
—
Deed
related
$2,700,000 · Miscellaneous Ins Co
Aug 30, 2001
$4,995,000
Chipp Trust
Torguard Investments Ltd
Grant Deed
$3,746,250 · Quaker City Bank
Mar 1, 1988
$1,360,500
Torguard Inv Ltd
Dhj F
Grant Deed
related
$545,000 · Dhj Farwwest Hol
—
—
Chipp,tr
—
Deed Of Trust
related
$3,750,000 · Citibank West Fsb
—
—
Chipp Family Trust
—
Deed Of Trust
related
$2,700,000 · 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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