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Property profile & analytics
OFF-MARKET
Estimated value
$27,300,000
Apartment buildings
551 Riverside Dr Ontario, CA 91761-6706
Entity Owned
4-yr Hold
Property ID
US10-1782392
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1990
Construction
WOOD FRAME
Total area
119,650 SF
Lot
8.78 ac (382,470 SF)
APN
1051-601-79-0000
UPID
US10-1782392
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
Current use
Occupant on record · Public records
-
ReNew Mills Apartment Building
-
SRAN CARGO INC Freight Service Logistics Company
-
Lorbeer Middle School (Elva Claustro, Registrar) High School
-
Veranda Ontario Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$23.29M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$27.30M
Owner & transaction history
Ontario Apartments Owner LLC · 4 yrs held
Ontario Apartments Owner LLC
since 2022
Last sale
$27.1M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$40.3M
+43.6%
Auto repair, garage
$36.4M
+29.7%
Medical building
$34.6M
+23.3%
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 Ontario submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ontario 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
$31,640,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$25,225,000
6.5%
$23,285,000
7%
$21,625,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$28,085,000
Current use
INDUSTRIAL (GENERAL)
$40,335,000
Change: +44% · Conversion: Difficult
AUTO REPAIR, GARAGE
$36,430,000
Change: +30% · Conversion: Difficult
MEDICAL BUILDING
$34,620,000
Change: +23% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$32,210,000
Change: +15% · Conversion: Difficult
Blend value · Realmo final
$27.30M
Range $24.57M – $30.03M · ±10% · vs last sale $27.14M (Jun 8 2022)
Last sale anchor
$27.14M
Jun 8 2022
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
$228 / 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
$508,176
Tax year 2023
Assessed value
$47,448,482
Assessed 2024
Previous assessed
$47,448,482
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$12,484,800
Assessed improvement
$34,963,682
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 (100+ UNITS)
Status
Off-Market
Year built
1990
Construction
WOOD FRAME
Heating
NONE
Stories
2
Units
142
Total area
119,650 SF
Lot
8.78 ac (382,470 SF)
APN
1051-601-79-0000
UPID
US10-1782392
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
$28.1M
INDUSTRIAL (GENERAL)
Est. value
$40.3M
AUTO REPAIR, GARAGE
Est. value
$36.4M
MEDICAL BUILDING
Est. value
$34.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$32.2M
APARTMENT HOUSE (5+ UNITS) Current
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1990
Construction
WOOD FRAME
Heating
NONE
Stories
2
Units
142
Lot
8.78 ac
Current owner
From public records · entity-resolved
Ontario Apartments Owner LLC
Entity
Mailing address
4275 EXECUTIVE SQ STE #1020, LA JOLLA, CA 92037-1478
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 8, 2022
$27,139,000
Ontario Apartments Owner LLC
Fpa6 La Terraza LLC
Grant Deed
$6,637,000 · Berkadia Commercial Mortgage LLC
Oct 31, 2019
$27,900,000
Fpa6 La Terraza LLC
Kurnick 551 LLC
Grant Deed
$18,467,000 · Berkadia Commercial Mortgage LLC
Oct 24, 2013
$6,771,500
Kurnick 551 LLC
Ontario 551 LP
Grant Deed
—
Dec 13, 2010
—
Ontario 551 L P
Oasis Club Sage LLC
Grant Deed
$13,770,000 · Cbre Capital Markets INC
Jun 13, 2007
—
Fh Ontario LLC
Behr Family Partnership 1
Grant Deed
$18,111,000 · Allstate Life Insurance Co
Oct 8, 2004
—
Allen Properties-group 28
Allen Properties-group 28
Quit Claim Deed
related
—
Oct 8, 2004
$18,000,000
Behr Family Ptshp 1
Allen Properties-group 28
Grant Deed
$12,500,000 · First Federal Bank Ca
Sep 12, 2002
$4,315,000
Allen Properties
2192 Rancho Avenue
Grant Deed
related
—
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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