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Property profile & analytics
OFF-MARKET
Estimated value
$3,790,000
Apartment buildings
7400 Pkwy Dr La Mesa, CA 91942-1597
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US09-9261309
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1976
Total area
9,999 SF
Lot
6.14 ac (267,458 SF)
Zoning code
R-3:RESTRICTED MULTIPLE
APN
464-480-04-00
UPID
US09-9261309
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
-
Covered California Certified Agent - Hany Attia Insurance Agency
-
RJ Web Designs Marketing & Advertising (Bike/Boat/Book/etc) Store
-
The Cove La Mesa Apartment Homes Apartment Building Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.56M
Comparable Approach
Comparable
$5.03M
Blend (final)
Blend
$3.79M
Owner & transaction history
Bridge Solar Energy Development I L · 2 yrs held
Bridge Solar Energy Development I L
since 2024
7 recorded transactions
Zoning & alternative use
R-3:RESTRICTED MULTIPLE · La Mesa, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$4.2M
+50.2%
Medical building
$4.1M
+48.4%
Auto repair, garage
$3.8M
+37.6%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,770,000
6.5%
$2,555,000
7%
$2,375,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,775,000
Current use
RETAIL STORES
$4,165,000
Change: +50% · Conversion: Difficult
MEDICAL BUILDING
$4,115,000
Change: +48% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,815,000
Change: +38% · Conversion: Difficult
OFFICE BUILDING
$3,605,000
Change: +30% · Conversion: Moderate
Blend value · Realmo final
$3.79M
Range $3.41M – $4.17M · ±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
$379 / 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
$577,491
Tax year 2024
Assessed value
$45,828,267
Assessed 2024
Previous assessed
$45,828,267
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$11,673,288
Assessed improvement
$34,154,979
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
1976
Heating
NONE
Units
133
Total area
9,999 SF
Lot
6.14 ac (267,458 SF)
Zoning code
R-3:RESTRICTED MULTIPLE
APN
464-480-04-00
UPID
US09-9261309
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.8M
RETAIL STORES
Est. value
$4.2M
MEDICAL BUILDING
Est. value
$4.1M
AUTO REPAIR, GARAGE
Est. value
$3.8M
OFFICE BUILDING
Est. value
$3.6M
APARTMENT HOUSE (5+ UNITS) Current
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
1976
Heating
NONE
Units
133
Lot
6.14 ac
Current owner
From public records · entity-resolved
Bridge Solar Energy Development I L
Entity
Mailing address
1277 LENOX PARK BLVD, BROOKHAVEN, GA 30319-6010
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 16, 2024
—
Bridge Solar Energy Development I L
Bmf IV Ca Cove La Mesa LLC
Lease
—
Apr 1, 2021
$43,250,000
Bmf IV Ca Cove La Mesa LLC
The Cove La Mesa LLC
Grant Deed
$32,458 · Wells Fargo Bank NA
Sep 29, 2017
$33,950,000
The Cove La Mesa LLC
Silver Oak Apartments Venture LLC
Grant Deed
$21,998,000 · Berkadia Commercial Mortgage LLC
Apr 1, 2014
$8,758,000
Oak Apartments Venture Silver
Silver Oak Associates Ltd
Grant Deed
—
Jun 27, 1991
—
Oak Assoc Silver
Silver Oak Assoc
Quit Claim Deed
related
$4,400,000 · World Savings & Loan
—
—
Silver Oak Associates Ltd
—
Deed Of Trust
related
$8,300,000 · Lend Lease Mortgage Capital LP
—
—
Verdugo Trustee Svcs Corp
—
Deed Of Trust
related
$7,177,500 · California Federal Bank
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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