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Property profile & analytics
OFF-MARKET
Estimated value
$6,325,000
Apartment buildings
565 Chase Ave El Cajon, CA 92020-7421
Individually Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9053545
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1977
Total area
21,990 SF
Lot
0.98 ac (42,688 SF)
Zoning code
COMMERCIAL
APN
492-490-02-00
UPID
US09-9053545
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
-
Hoban Management Chase Apt Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.33M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.45M
Blend (final)
Blend
$6.33M
Owner & transaction history
Chase Avenue Apartmentsllc · 2 yrs held
Chase Avenue Apartmentsllc
since 2024
Last sale
$6.3M
7 recorded transactions
Zoning & alternative use
COMMERCIAL · El Cajon, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$10.4M
+68.1%
Office building
$7.9M
+27.8%
Retail stores
$6.3M
+1.5%
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 El Cajon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs El Cajon 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
$6,325,000
ML approach
$6,325,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$6,205,000
Current use
MEDICAL BUILDING
$10,435,000
Change: +68% · Conversion: Moderate
OFFICE BUILDING
$7,930,000
Change: +28% · Conversion: Moderate
RETAIL STORES
$6,300,000
Change: +1% · Conversion: Difficult
WAREHOUSE, STORAGE
$6,075,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$6.33M
Range $5.69M – $6.96M · ±10% · vs last sale $6.33M (Jul 5 2024)
Last sale anchor
$6.33M
Jul 5 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
$288 / 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
$96,052
Tax year 2024
Assessed value
$6,608,141
Assessed 2024
Previous assessed
$6,608,141
+0.0% YoY
Effective rate
1.45%
On assessed value
Assessed land
$3,106,155
Assessed improvement
$3,501,986
Applied tax rate
3.0000
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
1977
Heating
NONE
Units
23
Total area
21,990 SF
Lot
0.98 ac (42,688 SF)
Zoning code
COMMERCIAL
APN
492-490-02-00
UPID
US09-9053545
Jurisdiction
SAN DIEGO
Zoning & alternative use
COMMERCIAL · El Cajon, CA
Zoning COMMERCIAL · permitted uses
COMMERCIAL · El Cajon, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
El Cajon. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$6.2M
MEDICAL BUILDING
Est. value
$10.4M
OFFICE BUILDING
Est. value
$7.9M
RETAIL STORES
Est. value
$6.3M
WAREHOUSE, STORAGE
Est. value
$6.1M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
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
1977
Heating
NONE
Units
23
Lot
0.98 ac
Current owner
From public records · entity-resolved
Chase Avenue Apartmentsllc
Individual
Mailing address
4232 POPLAR ST STE #230, SAN DIEGO, CA 92105-4544
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 5, 2024
$6,325,000
Chase Avenue Apartmentsllc
Rlv Investments LLC
Grant Deed
$2,000,000 · Jpmorgan Chase Bank NA
Dec 30, 2021
—
Rlv Investments LLC
Roger J Brown
Quit Claim Deed
related
—
Nov 2, 2017
—
Randle,richard B Trust
—
Deed
related
$860,000 · Private Individual
Aug 22, 2017
—
Randle,richard B Trust
Randle Richard B Trust
Quit Claim Deed
related
—
Oct 18, 2012
—
Peter H Veleker
Richard B Randle
Grant Deed
$1,050,000 · Jpmorgan Chase Bank NA
Jun 2, 2010
—
Randle Richard B Trust
Randle Richard B Trust
Quit Claim Deed
related
—
Apr 1, 1999
$1,183,000
Richard B Randle
Gam Properties INC
Grant Deed
$832,500 · Hemet Federal Savings & Loan
Feb 9, 1995
—
Gam Properties INC
Zinke,ronald & Phyllis
Quit Claim Deed
related
—
Nov 19, 1992
$210,500
Ronald Zinke
Harvey,russell W
Grant Deed
related
$65,881 · Seller
Sep 11, 1992
$183,500
Ronald Zinke
Harvey,russell W
Grant Deed
related
—
Jun 25, 1990
$231,500
Eugene J Holland
Katnik Richard D
Grant Deed
related
—
—
—
Gam Properties INC
—
Deed Of Trust
related
$104,500 · William L Oneill Trustee
—
—
Richard B Randle
—
Deed Of Trust
related
$1,230,000 · Abn Amro Mortgage Group INC
—
—
Randle,richard B Trust
—
Deed Of Trust
related
$860,000 · Private Individual
—
—
Salli L Cobbs
—
Deed Of Trust
related
$3,690 · Chase Avenue Tow
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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