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Property profile & analytics
OFF-MARKET
Estimated value
$9,415,000
Apartment buildings
601 Blackshaw Ln 31 San Diego, CA 92173-2375
Trust Owned
26-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8541508
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1988
Total area
70,843 SF
Lot
4.73 ac (206,038 SF)
Zoning code
R-4:MULTIPLE RESIDENTIAL
APN
637-040-54-00
UPID
US09-8541508
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
-
Casa De Flores Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.42M
Owner & transaction history
Weisman Trust · 26 yrs held
Weisman Trust
since 2000
7 recorded transactions
Zoning & alternative use
R-4:MULTIPLE RESIDENTIAL · 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
$133 / 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
$99,285
Tax year 2024
Assessed value
$8,517,210
Assessed 2024
Previous assessed
$8,517,210
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$2,585,280
Assessed improvement
$5,931,930
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
1988
Heating
NONE
Units
87
Total area
70,843 SF
Lot
4.73 ac (206,038 SF)
Zoning code
R-4:MULTIPLE RESIDENTIAL
APN
637-040-54-00
UPID
US09-8541508
Jurisdiction
SAN DIEGO
Zoning & alternative use
R-4:MULTIPLE RESIDENTIAL · San Diego, CA
Zoning R-4:MULTIPLE RESIDENTIAL · permitted uses
R-4:MULTIPLE RESIDENTIAL · 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
1988
Heating
NONE
Units
87
Lot
4.73 ac
Current owner
From public records · entity-resolved
Weisman Trust
Trust
Mailing address
560 N COAST HWY 101ST STE #10, ENCINITAS, CA 92024-2040
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2000
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
Jan 20, 2017
—
Casa De Flores Apartments LP
—
Deed
related
$8,500,000 · Cbre Cap Markets
Dec 18, 2007
—
Casa De Flores Apartments
—
Deed Of Trust
related
$6,500,000 · Mma Mortgage Investment Corp
Jul 3, 2000
$5,750,000
Weisman Trust
Okonedge
Grant Deed
$135,160 · Hoshaw Accommodation Corp
Dec 8, 1998
—
Okonedge
Okonedge
Quit Claim Deed
related
—
Sep 25, 1998
—
Okonedge
San Diego Blackshaw Associates
Grant Deed
related
—
May 28, 1991
$57,291
Mcbride Inv Co I
E J Dev Co INC
Trustees Deed
related
—
—
—
Casa De Flores Vi LLC
—
Deed Of Trust
related
$3,243,750 · First National Bank
—
—
Casa De Flores Apartments
—
Deed Of Trust
related
$3,750,000 · California Federal Bank
—
—
Casa De Flores Apt LLC
—
Deed Of Trust
related
$4,093,000 · California Federal Bank
—
—
Casa De Flores Apartments LP
—
Deed Of Trust
related
$8,500,000 · Cbre Cap Markets
—
—
Casa De Flores Apartments
—
Deed Of Trust
related
$4,020,370 · Citibank West Fsb
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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