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Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Apartment buildings
5180 Boxwood Pl 1 Riverside, CA 92506-1394
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-2648400
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1984
Total area
1,906 SF
Lot
0.19 ac (8,276 SF)
Zoning code
R106
APN
219-181-012
UPID
US10-2648400
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
$650k
CAP Approach
CAP
$455k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$650k
Owner & transaction history
Michael K Chang · 1 yrs held
Michael K Chang
since 2024
Last sale
$650,000
7 recorded transactions
Zoning & alternative use
R106 · Riverside, 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 Riverside submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Riverside 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
$650,000
ML approach
$650,000
CAP Approach
CAP Return
Estimation
6%
$495,000
6.5%
$455,000
7%
$425,000
Blend value · Realmo final
$650k
Range $585k – $715k · ±10% · vs last sale $650k (Nov 15 2024)
Last sale anchor
$650k
Nov 15 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
$341 / 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
$1,518
Tax year 2024
Assessed value
$129,075
Assessed 2024
Previous assessed
$129,075
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$76,836
Assessed improvement
$52,239
Applied tax rate
9.0000
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
1984
Heating
NONE
Stories
2
Total area
1,906 SF
Lot
0.19 ac (8,276 SF)
Zoning code
R106
APN
219-181-012
UPID
US10-2648400
Jurisdiction
RIVERSIDE
Zoning & alternative use
R106 · Riverside, CA
Zoning R106 · permitted uses
R106 · Riverside, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Riverside. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1984
Heating
NONE
Stories
2
Lot
0.19 ac
Current owner
From public records · entity-resolved
Michael K Chang
Individual
Mailing address
3282 HIGHCLIFF RD, RIVERSIDE, CA 92506-2138
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
Nov 15, 2024
$650,000
Michael K Chang
Theodore Bates
Grant Deed
$300,000 · Rocket Mortgage LLC
May 7, 1999
$84,000
Theodore Bates
Federal Home Loan Mtg Corp
Grant Deed
$65,500 · Headlands Mortgage
Aug 19, 1998
$120,375
Federal Home Loan Mtg Corp
Mendez,oscar
Trustees Deed
related
—
Feb 27, 1991
$136,000
Mendez,oscar
Mccalla Vincent
Trustees Deed
$122,400 · American Savings Bank
Feb 1, 1991
$136,000
Mendez,oscar
Unknown
Trustees Deed
—
—
—
Theodore Bates
—
Deed Of Trust
related
$107,250 · Greenpoint Mortgage Funding
—
—
Theodore Bates
—
Deed Of Trust
related
$95,000 · Stearns Lndg
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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