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Property profile & analytics
OFF-MARKET
Estimated value
$2,085,000
Apartment buildings
610 Grand Blvd Corona, CA 92882-3260
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3577938
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1958
Construction
TILT-UP CONCRETE
Total area
5,451 SF
Lot
0.14 ac (6,098 SF)
Zoning code
C3
APN
110-102-011
UPID
US09-3577938
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
-
Casita Byrne Properties Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.19M
CAP Approach
CAP
$1.26M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.09M
Owner & transaction history
Corona Apartments LLC · 4 yrs held
Corona Apartments LLC
since 2021
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
C3 · Corona, 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 Corona submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Corona 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
$2,140,000
ML approach
$2,185,000
CAP Approach
CAP Return
Estimation
6%
$1,365,000
6.5%
$1,260,000
7%
$1,170,000
Alternative Use
Use
Estimation
RESTAURANT
$3,385,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$2.09M
Range $1.88M – $2.29M · ±10% · vs last sale $2.01M (Dec 21 2021)
Last sale anchor
$2.01M
Dec 21 2021
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
$382 / 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
$23,226
Tax year 2024
Assessed value
$2,086,002
Assessed 2024
Previous assessed
$2,086,002
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$161,262
Assessed improvement
$1,924,740
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
1958
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Total area
5,451 SF
Lot
0.14 ac (6,098 SF)
Zoning code
C3
APN
110-102-011
UPID
US09-3577938
Jurisdiction
RIVERSIDE
Zoning & alternative use
C3 · Corona, CA
Zoning C3 · permitted uses
C3 · Corona, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Corona. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$3.4M
RESTAURANT
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
1958
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Lot
0.14 ac
Current owner
From public records · entity-resolved
Corona Apartments LLC
Entity
Mailing address
3334 E COAST HWY #624, CORONA DEL MAR, CA 92625-2328
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Dec 21, 2021
$2,005,000
Corona Apartments LLC
612 Grand LLC
Grant Deed
$1,503,750 · City First Bank NA
Sep 16, 2019
$1,450,000
612 Grand LLC
Lam,tim & Thoa K T
Grant Deed
$4,959 · Broadway Fed'l Bk Fsb
Jul 6, 2017
$1,140,000
Tim Lam
Clifford W Noland
Grant Deed
$750,000 · Luther Burbank Savings
Jun 22, 2017
—
Noland,clifford W 2003 Trust
Suggs,peter M
Grant Deed
—
Aug 29, 2014
$978,000
Clifford W Noland
S Brian Suggs
Grant Deed
$635,700 · Wells Fargo Bank NA
Jan 25, 2007
—
Melissa Suggs
Suggs,s Brian
Quit Claim Deed
related
—
Jan 25, 2007
$1,150,000
S Brian Suggs
Yap,stephen M
Grant Deed
$805,000 · Lasalle National Bank
Feb 16, 2006
—
Stephen M Yap
Burriss-yap,louree
Quit Claim Deed
related
—
Feb 16, 2006
$1,110,000
Stephen M Yap
Latorre P & J Trust
Grant Deed
$775,000 · Instant Funding LLC
Feb 11, 1999
$220,000
Philip Latoree Trustee
Lowe,katherine
Grant Deed
—
Mar 1, 1989
$222,000
Katherine Barky
Unknown
Grant Deed
—
—
—
Joyce A Hill
—
Deed Of Trust
related
$20,000 · Bank Of America
—
—
Stephen M Yap
—
Deed Of Trust
related
$175,000 · Gonzalez Antonio O Trust
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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