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Property profile & analytics
OFF-MARKET
Estimated value
$2,225,000
Apartment buildings
620 Lovekin Blvd Blythe, CA 92225-1113
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US09-0180406
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1990
Construction
WOOD
Total area
10,838 SF
Lot
1.91 ac (83,199 SF)
Zoning code
R1
APN
842-041-024
UPID
US09-0180406
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
by Request
CAP Approach
CAP
$2.70M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.23M
Owner & transaction history
Blythe Spirit Apartments LLC · 7 yrs held
Blythe Spirit Apartments LLC
since 2019
7 recorded transactions
Zoning & alternative use
R1 · Blythe, 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 Blythe submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Blythe 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%
$2,925,000
6.5%
$2,700,000
7%
$2,505,000
Blend value · Realmo final
$2.23M
Range $2.00M – $2.45M · ±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
$205 / 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
$12,512
Tax year 2024
Assessed value
$1,093,642
Assessed 2024
Previous assessed
$1,093,642
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$218,727
Assessed improvement
$874,915
Applied tax rate
3.0000
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
1990
Construction
WOOD
Heating
NONE
Buildings
2
Stories
2
Units
2
Total area
10,838 SF
Lot
1.91 ac (83,199 SF)
Zoning code
R1
APN
842-041-024
UPID
US09-0180406
Jurisdiction
RIVERSIDE
Zoning & alternative use
R1 · Blythe, CAZoning R1 · permitted uses
R1 · Blythe, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1990
Construction
WOOD
Heating
NONE
Stories
2
Buildings
2
Units
2
Lot
1.91 ac
Current owner
From public records · entity-resolved
Blythe Spirit Apartments LLC
Entity
Mailing address
PO BOX 52717, RIVERSIDE, CA 92517-3717
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 7, 2025
—
Francisco Landeros
—
Deed
related
$600,000 · Mark Joseph Benak Trust
Apr 30, 2021
—
Francisco Landeros
—
Deed
related
$700,000 · Fidelity Bridge Loans LLC
Apr 19, 2019
—
Blythe Spirit Apartments LLC
5611 Joint Venture
Grant Deed
—
Apr 19, 2019
$1,000,000
Francisco Landeros
Blythe Spirit Apartments LLC
Grant Deed
$650,000 · Fidelity Bancorp
Apr 25, 2003
$975,000
5611 Joint Venture
Hasolkar,tr
Grant Deed
$700,000 · Wells Fargo Bank Arizona
Feb 25, 1998
—
Chandrakant Etal Hasolkar
Hasolkar,chandrakant Etal
Quit Claim Deed
related
—
May 5, 1994
—
Chandrakant Etux Hasolkar
Hasolkar,chandra
Quit Claim Deed
related
—
Dec 1, 1990
—
Chandra Hasolkar
Hasolkar Chandar
Quit Claim Deed
related
$820,000 · First Fidelity Thrift & Loan
May 1, 1989
—
Roger C Slater
Hasolkar Chandar
Quit Claim Deed
related
—
May 1, 1989
$1,282,500
Hasolkar Chandar
Irvine Exchange
Trustees Deed
—
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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