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Property profile & analytics
OFF-MARKET
Estimated value
$900,000
Apartment buildings
531 Penrose Dr Corona, CA 92878-4243
Individually Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-3223940
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1964
Total area
4,291 SF
Lot
0.2 ac (8,712 SF)
Zoning code
R3
APN
119-083-004
UPID
US10-3223940
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
$990k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$900k
Owner & transaction history
Ilana Olguin · 11 yrs held
Ilana Olguin
since 2014
7 recorded transactions
Zoning & alternative use
R3 · 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
by Request
CAP Approach
CAP Return
Estimation
6%
$1,075,000
6.5%
$990,000
7%
$920,000
Blend value · Realmo final
$900k
Range $810k – $990k · ±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
$210 / 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
$6,718
Tax year 2024
Assessed value
$597,265
Assessed 2024
Previous assessed
$597,265
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$164,467
Assessed improvement
$432,798
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
1964
Heating
NONE
Stories
2
Total area
4,291 SF
Lot
0.2 ac (8,712 SF)
Zoning code
R3
APN
119-083-004
UPID
US10-3223940
Jurisdiction
RIVERSIDE
Zoning & alternative use
R3 · Corona, CA
Zoning R3 · permitted uses
R3 · 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
1964
Heating
NONE
Stories
2
Lot
0.2 ac
Current owner
From public records · entity-resolved
Ilana Olguin
Individual
Mailing address
15500 TUSTIN VLG WAY APT #34, TUSTIN, CA 92780-4284
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
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
Nov 12, 2014
—
Ilana Olguin
Olguin Ilana Trust
Quit Claim Deed
related
$411,700 · Quicken Lns
Dec 19, 2013
—
Olguin,illana Trust
Olguin E Family Trust
Quit Claim Deed
related
—
Aug 8, 2008
—
Olguin Eric Family Trust
Olguin Ilana Trust
Quit Claim Deed
related
—
Dec 13, 2006
—
Olguin Ilana Trust
Olguin,ilana
Quit Claim Deed
related
—
Dec 23, 2003
—
Olguin,tr
Olguin,eric
Quit Claim Deed
related
—
Nov 12, 2003
$428,500
Eric Olguin
Rafiq,sohall & Samina
Grant Deed
$336,000 · Washington Mutual Fsb
Jul 10, 2000
$202,000
Sohail Rafiq
Wicks,brad & Marcia
Grant Deed
$181,800 · Homecomings Financial Network
May 6, 1997
$105,000
Wicks,brad & Marcia
Newell,allan G & Gayle
Trustees Deed
$84,000 · Home Savings Of America
Oct 1, 1988
$206,500
Newell Allan G
Zand Hossein
Grant Deed
$154,875 · First Interstate Bank Californ
—
—
Sohail Rafiq
—
Deed Of Trust
related
$238,000 · Wells Fargo Home Mortgage INC
—
—
Sohail Rafiq
—
Deed Of Trust
related
$188,700 · Homecomings Financial Network
—
—
Olguin Eric Family Trust
—
Deed Of Trust
related
$480,000 · Mortgageit INC
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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