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Property profile & analytics
OFF-MARKET
Estimated value
$3,345,000
Apartment buildings
5622 University Ave San Diego, CA 92105-2336
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US09-6614762
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1980
Total area
23,746 SF
Lot
0.58 ac (25,209 SF)
Zoning code
COMMERCIAL
APN
472-430-10-00
UPID
US09-6614762
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.35M
Owner & transaction history
5622 University Avenue LLC · 10 yrs held
5622 University Avenue LLC
since 2016
7 recorded transactions
Zoning & alternative use
COMMERCIAL · San Diego, 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 San Diego submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Diego 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$141 / 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
$49,491
Tax year 2024
Assessed value
$4,019,361
Assessed 2024
Previous assessed
$4,019,361
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$2,627,035
Assessed improvement
$1,392,326
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 (5+ UNITS)
Status
Off-Market
Year built
1980
Heating
NONE
Units
40
Total area
23,746 SF
Lot
0.58 ac (25,209 SF)
Zoning code
COMMERCIAL
APN
472-430-10-00
UPID
US09-6614762
Jurisdiction
SAN DIEGO
Zoning & alternative use
COMMERCIAL · San Diego, CA
Zoning COMMERCIAL · permitted uses
COMMERCIAL · San Diego, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
San Diego. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1980
Heating
NONE
Units
40
Lot
0.58 ac
Current owner
From public records · entity-resolved
5622 University Avenue LLC
Entity
Mailing address
PO BOX 3351, SAN DIEGO, CA 92163-1351
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 26, 2021
—
5622 University Avenue LLC
—
Deed
related
$3,750,000 · Jpmorgan Chase Bank NA
May 10, 2016
—
5622 University Avenue LLC
Cyprias Enterprises LLC
Grant Deed
$2,725,000 · Jpmorgan Chase Bank NA
Feb 12, 2008
—
Cyprias Enterprises LLC Series 17
Cyprias Enterprises LLC Series 17
Grant Deed
related
$175,000 · Citibank NA
Nov 1, 2006
—
Cyprias Ents LLC Series 17
Washtek INC
Quit Claim Deed
related
—
Oct 19, 2006
—
Cyprias Ents LLC Series 17
University Avenue 40
Grant Deed
—
Mar 16, 2005
—
University Avenue 40
3d Investments
Grant Deed
$2,156,250 · Citibank West Fsb
Apr 23, 2002
—
Pepper Trust
Novick,walter E & Tamra L
Grant Deed
related
—
Mar 26, 2002
$1,940,000
University Avenue #40 LP
Wong Trust
Grant Deed
$1,550,000 · Community First National Bank
Apr 12, 1995
—
Frank C Etal Wong
Wong,frank C & Carolyn L
Quit Claim Deed
related
—
—
—
Cyprias Ents LLC Series 17
—
Deed Of Trust
related
$350,000 · Brian Keating
—
—
Cyprias Ents LLC
—
Deed Of Trust
related
$150,000 · Robert Delaurentis
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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