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Property profile & analytics
OFF-MARKET
Estimated value
$980,000
Apartment buildings
619 Joy St Corona, CA 92879-2247
Trust Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0160589
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1965
Construction
WOOD
Total area
5,418 SF
Lot
0.18 ac (7,840 SF)
Zoning code
R3
APN
117-202-010
UPID
US10-0160589
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
-
Joy Arms Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.25M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$980k
Owner & transaction history
Economy 2018 Family Trust · 7 yrs held
Economy 2018 Family Trust
since 2018
7 recorded transactions
Zoning & alternative use
R3 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,355,000
6.5%
$1,250,000
7%
$1,160,000
Blend value · Realmo final
$980k
Range $882k – $1.08M · ±10%
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
$181 / 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
$14,078
Tax year 2024
Assessed value
$1,260,954
Assessed 2024
Previous assessed
$1,260,954
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$116,626
Assessed improvement
$1,144,328
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
1965
Construction
WOOD
Heating
NONE
Stories
2
Total area
5,418 SF
Lot
0.18 ac (7,840 SF)
Zoning code
R3
APN
117-202-010
UPID
US10-0160589
Jurisdiction
RIVERSIDE
Zoning & alternative use
R3 · Corona, CA
Zoning R3 · permitted uses
R3 · 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.
Building & site characteristics
From public records
Year built
1965
Construction
WOOD
Heating
NONE
Stories
2
Lot
0.18 ac
Current owner
From public records · entity-resolved
Economy 2018 Family Trust
Trust
Mailing address
1052 FLAGER RNCH RD, CORONA, CA 92881-4730
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 27, 2018
—
Economy 2018 Family Trust
Economy,melteades E & Jeanie A
Quit Claim Deed
related
—
Jun 11, 2018
—
Economy Melteades & Jeanie A
Economy,melteades & Jeanie A
Quit Claim Deed
related
—
Oct 28, 2016
—
Alex N Dourbetas
Dourbetas,alex & Christina
Quit Claim Deed
related
—
Oct 13, 2016
$117,000
Alex Dourbetas
Marco Salinas
Grant Deed
—
Sep 12, 2006
$960,000
Marco Salinas
Rodriguez,hector
Grant Deed
$615,000 · East West Bank
May 27, 1993
$56,000
Hector Rodriguez
Sacks,robert T
Grant Deed
$294,000 · Seller
Apr 1, 1989
$398,000
Sacks Robert T &
Edwards Theodore
Trustees Deed
$294,000 · Home Savings Of America
—
—
Hector Rodriguez
—
Deed Of Trust
related
$250,000 · Washington Mutual Fsb
—
—
Sacks Robert T
—
Deed Of Trust
related
—
—
—
Hector Rodriguez
—
Deed Of Trust
related
$6,860 · Rick Byers Real Esta
—
—
Marco Salinas
—
Deed Of Trust
related
$116,994 · Alex & Christina Dourbetas
—
—
Alex N Dourbetas
—
Loan Modification
related
—
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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