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Property profile & analytics
OFF-MARKET
Estimated value
$1,920,000
Apartment buildings
602 Washington Ave Escondido, CA 92025
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-9306797
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1984
Total area
6,590 SF
Lot
0.3 ac (12,895 SF)
Zoning code
R-3:RESTRICTED MULTIPLE
APN
229-260-18-00
UPID
US09-9306797
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
$1.89M
CAP Approach
CAP
$1.68M
Comparable Approach
Comparable
$2.23M
Blend (final)
Blend
$1.92M
Owner & transaction history
Lbn Temecula Properties LLC · 2 yrs held
Lbn Temecula Properties LLC
since 2023
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
R-3:RESTRICTED MULTIPLE · Escondido, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.5M
+65.4%
Office building
$2.4M
+56.2%
Medical building
$2.0M
+31.2%
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 Escondido submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Escondido 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
$1,890,000
ML approach
$1,885,000
CAP Approach
CAP Return
Estimation
6%
$1,815,000
6.5%
$1,675,000
7%
$1,555,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,520,000
Current use
AUTO REPAIR, GARAGE
$2,515,000
Change: +65% · Conversion: Difficult
OFFICE BUILDING
$2,375,000
Change: +56% · Conversion: Moderate
MEDICAL BUILDING
$1,995,000
Change: +31% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,810,000
Change: +19% · Conversion: Difficult
Blend value · Realmo final
$1.92M
Range $1.73M – $2.11M · ±10% · vs last sale $1.95M (Oct 31 2023)
Last sale anchor
$1.95M
Oct 31 2023
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
$291 / 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
$22,267
Tax year 2024
Assessed value
$1,950,000
Assessed 2024
Previous assessed
$1,950,000
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$1,300,000
Assessed improvement
$650,000
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 (5+ UNITS)
Status
Off-Market
Year built
1984
Heating
NONE
Units
6
Bathrooms
14
Total area
6,590 SF
Lot
0.3 ac (12,895 SF)
Zoning code
R-3:RESTRICTED MULTIPLE
APN
229-260-18-00
UPID
US09-9306797
Jurisdiction
SAN DIEGO
Zoning & alternative use
R-3:RESTRICTED MULTIPLE · Escondido, CA
Zoning R-3:RESTRICTED MULTIPLE · permitted uses
R-3:RESTRICTED MULTIPLE · Escondido, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Escondido. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$2.5M
OFFICE BUILDING
Est. value
$2.4M
MEDICAL BUILDING
Est. value
$2.0M
WAREHOUSE, STORAGE
Est. value
$1.8M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL BUILDING
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
1984
Heating
NONE
Units
6
Bathrooms
14
Lot
0.3 ac
Current owner
From public records · entity-resolved
Lbn Temecula Properties LLC
Entity
Free & Clear · 2 yrs held
Mailing address
605 N BROADWAY, ESCONDIDO, CA 92025-1801
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Oct 31, 2023
$1,950,000
Lbn Temecula Properties LLC
Jolan Barran
Grant Deed
—
Feb 4, 2019
—
Barran,jolan S Living Trust
Barran Less Living Trust
Quit Claim Deed
related
—
Nov 21, 2017
—
Barran,jolan S Living Trust
Barran Les & Jolan Trust
Quit Claim Deed
related
—
Nov 3, 2015
—
Les Barran
Barran Les Living Trust
Quit Claim Deed
related
—
Jun 13, 2013
$925,000
Les Barran
Conrad Lubkay
Grant Deed
$645,000 · Mission FCU
May 5, 2008
$725,000
Conrad Lubkay
Corlett,sherree L
Grant Deed
—
May 5, 2008
—
Sherree L Corlett
Corlett F Family Trust
Quit Claim Deed
related
—
Nov 28, 1995
—
William Etal Flack
Flack,william Etal
Quit Claim Deed
related
—
Sep 27, 1995
—
William Flack
Home Savings Of America
Grant Deed
$147,000 · Home Savings Of America
Jul 27, 1995
$162,000
Home Savings Of America
Smith,william O & Mildred E
Trustees Deed
related
—
Nov 21, 1990
$420,000
Professional Dat
Aidman Trust
Trustees Deed
$312,000 · Home Savings Of America
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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