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Property profile & analytics
OFF-MARKET
Apartment buildings
5938 Grand Ave Riverside, CA 92504-1303
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US09-5185359
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2016
Construction
WOOD
Total area
28,802 SF
Lot
1.29 ac (56,192 SF)
Zoning code
R3
APN
218-080-017
UPID
US09-5185359
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
-
Grandvillas 55+ Apartment Complex
-
A1 Goods Store (Bike/Boat/Book/etc) Store Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Aspire Community Housing And Econom · 1 yrs held
Aspire Community Housing And Econom
since 2025
Last sale
$325,000
7 recorded transactions
Zoning & alternative use
R3 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,201
Tax year 2024
Assessed value
$6,484,664
Assessed 2024
Previous assessed
$6,484,664
+0.0% YoY
Effective rate
0.05%
On assessed value
Assessed land
$474,456
Assessed improvement
$6,010,208
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
2016
Construction
WOOD
Heating
NONE
Stories
1
Total area
28,802 SF
Lot
1.29 ac (56,192 SF)
Zoning code
R3
APN
218-080-017
UPID
US09-5185359
Jurisdiction
RIVERSIDE
Zoning & alternative use
R3 · Riverside, CA
Zoning R3 · permitted uses
R3 · 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
2016
Construction
WOOD
Heating
NONE
Stories
1
Lot
1.29 ac
Current owner
From public records · entity-resolved
Aspire Community Housing And Econom
Individual
Mailing address
21250 BOX SPGS RD STE #212, MORENO VALLEY, CA 92557-8712
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2025
—
Aspire Community Housing And Econom
Aspire Cmnty Hsng & Economic Dev Or
Deed
related
—
Jun 16, 2017
—
Family Service Assn Cmnty Hsng
—
Deed
related
$5,000,000 · Pacific Premier Bk
Jun 1, 2015
—
Family Service Assn Community
—
Trustees Deed
related
$4,500,000 · Community Dev Corp
Apr 5, 2013
$325,000
Family Service Assn Community
Neh & T Inland Commercial Restor
Trustees Deed
$1,500,000 · Teamsters Local 986 Charity Fu
Apr 1, 2013
—
Neh & T Inland Coml Restoration
Neh & T Inland Coml Restoration
Quit Claim Deed
related
—
Mar 19, 2013
—
Neh & T Inland Commercial Restor
Neh & T Inland Commercial Restor
Quit Claim Deed
related
—
Jan 25, 2012
—
Neh & T Inland Commercial Restor
Wald Oakridge Holding LP
Quit Claim Deed
related
—
Jan 31, 2006
—
Wald Oakridge Holding
Two Bills Dev INC
Grant Deed
related
—
Jan 10, 2006
$400,000
Two Bills Dev INC
Hunter Family Trust
Grant Deed
—
Nov 8, 2005
—
Hunter Family Trust A
Hunter Robert O
Quit Claim Deed
related
—
—
—
Family Service Assn Community
—
Deed Of Trust
related
$404,561 · Teamsters Local 986 Charity Fu
—
—
Family Service Assn Community
—
Loan Modification
related
$404,561 · Teamsters Local 986 Charity Fu
—
—
Family Service Assn Cmnty Hsng
—
Loan Modification
related
$5,000,000 · Pacific Premier Bk
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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