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Property profile & analytics
OFF-MARKET
Estimated value
$6,310,000
Apartment buildings
7080 Saranac St La Mesa, CA 91942-8977
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9145157
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1972
Total area
13,268 SF
Lot
1.02 ac (44,431 SF)
Zoning code
R-3:RESTRICTED MULTIPLE
APN
469-011-15-00
UPID
US09-9145157
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
$6.31M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.31M
Owner & transaction history
James P Nicholas · 1 yrs held
James P Nicholas
since 2024
Last sale
$6.3M
7 recorded transactions
Zoning & alternative use
R-3:RESTRICTED MULTIPLE · La Mesa, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.7M
+136.4%
Retail stores
$5.5M
+50.2%
Medical building
$5.5M
+48.4%
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 La Mesa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs La Mesa 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
$6,310,000
ML approach
$6,310,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$8,700,000
Change: +136% · Conversion: Difficult
RETAIL STORES
$5,525,000
Change: +50% · Conversion: Difficult
MEDICAL BUILDING
$5,460,000
Change: +48% · Conversion: Moderate
AUTO REPAIR, GARAGE
$5,065,000
Change: +38% · Conversion: Difficult
OFFICE BUILDING
$4,785,000
Change: +30% · Conversion: Moderate
Blend value · Realmo final
$6.31M
Range $5.68M – $6.94M · ±10% · vs last sale $6.31M (Oct 1 2024)
Last sale anchor
$6.31M
Oct 1 2024
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
$476 / 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
$33,482
Tax year 2024
Assessed value
$2,446,310
Assessed 2024
Previous assessed
$2,446,310
+0.0% YoY
Effective rate
1.37%
On assessed value
Assessed land
$975,733
Assessed improvement
$1,470,577
Applied tax rate
5.0000
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
1972
Heating
NONE
Units
20
Bathrooms
20
Total area
13,268 SF
Lot
1.02 ac (44,431 SF)
Zoning code
R-3:RESTRICTED MULTIPLE
APN
469-011-15-00
UPID
US09-9145157
Jurisdiction
SAN DIEGO
Zoning & alternative use
R-3:RESTRICTED MULTIPLE · La Mesa, CA
Zoning R-3:RESTRICTED MULTIPLE · permitted uses
R-3:RESTRICTED MULTIPLE · La Mesa, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
La Mesa. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$8.7M
RETAIL STORES
Est. value
$5.5M
MEDICAL BUILDING
Est. value
$5.5M
AUTO REPAIR, GARAGE
Est. value
$5.1M
OFFICE BUILDING
Est. value
$4.8M
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1972
Heating
NONE
Units
20
Bathrooms
20
Lot
1.02 ac
Current owner
From public records · entity-resolved
James P Nicholas
Individual
Mailing address
350 SAN FERNANDO ST N STE #245, SAN DIEGO, CA 92106-3336
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2024
—
James P Nicholas
James P Nicholas
Intrafamily Transfer
related
$10,400,000 · Everbank NA
Apr 13, 2017
—
Lysinger Trust 1999
—
Deed
related
$8,400,000 · Jp Morgan Chase Bk
Nov 1, 2011
—
David L Lysinger
David L Lysinger
Intrafamily Transfer
related
$5,400,000 · Jpmorgan Chase Bank NA
Mar 3, 2004
$6,310,000
Lysinger,tr
Saranac Partnership LP
Grant Deed
$4,417,000 · Quaker City Financial Corp
Nov 8, 2001
$603,000
U K Capital LLC
Saranac Partnership LP
Grant Deed
related
—
Nov 8, 2000
$410,000
1035 Georgia Street Ptshp
Saranac Partnership LP
Grant Deed
—
Jul 23, 1998
$2,805,000
Saranac Partnership LP
Saranac Assoociates Ltd
Grant Deed
related
$1,963,500 · Highland Federal Bank
—
—
Saranac Partnership LP
—
Deed Of Trust
related
$3,300,000 · Washington Mutual Fsb
—
—
Lysinger Trust 1999
—
Deed Of Trust
related
$8,400,000 · Jp Morgan Chase Bk
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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