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Property profile & analytics
OFF-MARKET
Apartment buildings
675 Williams St, Banning, CA 92220-4716
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-1658558
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1990
Construction
WOOD
Total area
7,104 SF
Lot
0.89 ac (38,768 SF)
Zoning code
R3
APN
540-141-039
UPID
US09-1658558
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
-
Bonita apartment 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
by Request
Owner & transaction history
Sri Properties No 24 LLC
Sri Properties No 24 LLC
since 2025
Last sale
$3.6M
7 recorded transactions
Zoning & alternative use
R3 · Banning, 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 Banning submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Banning 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
—
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
$21,749
Tax year 2024
Assessed value
$1,578,125
Assessed 2024
Previous assessed
$1,578,125
+0.0% YoY
Effective rate
1.38%
On assessed value
Assessed land
$401,954
Assessed improvement
$1,176,171
Applied tax rate
1.0000
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
Stories
2
Units
2
Total area
7,104 SF
Lot
0.89 ac (38,768 SF)
Zoning code
R3
APN
540-141-039
UPID
US09-1658558
Jurisdiction
RIVERSIDE
Zoning & alternative use
R3 · Banning, CA
Zoning R3 · permitted uses
R3 · Banning, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Banning. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1990
Construction
WOOD
Heating
NONE
Stories
2
Units
2
Lot
0.89 ac
Current owner
From public records · entity-resolved
Sri Properties No 24 LLC
Entity
Mailing address
8121 SAN LUCAS DR, WHITTIER, CA 90605-1241
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 15, 2025
$3,595,000
Sri Properties No 24 LLC
Clifford W Noland Trust
Grant Deed
—
May 31, 2018
$2,350,000
Noland,clifford W Trust
White Star Capital LLC
Trustees Deed
$1,410,000 · Credit Union/sthrn Ca
Apr 14, 2017
—
White Star Capital LLC
—
Deed
related
$560,000 · Molinarolo Bruno Trust (pt)
Dec 8, 2016
$1,500,000
White Star Capital LLC
C & S Bonita Apartments LLC
Grant Deed
—
Dec 16, 2005
—
C & S Bonita Apartments LLC
Robert Creighton
Quit Claim Deed
related
$560,000 · Washington Mutual Bank
Dec 3, 1998
$674,000
Episcopalian Trust
Carner Trust
Grant Deed
$505,000 · Home Savings Of America
—
—
White Star Capital LLC
—
Deed Of Trust
related
$560,000 · Molinarolo Bruno Trust (pt)
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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