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Property profile & analytics
OFF-MARKET
Estimated value
$1,540,000
Apartment buildings
7611 Normal Ave 23 La Mesa, CA 91941-6104
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9176174
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1952
Total area
4,539 SF
Lot
0.31 ac (13,556 SF)
Zoning code
R-3:RESTRICTED MULTIPLE
APN
475-100-02-00
UPID
US09-9176174
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
$1.51M
CAP Approach
CAP
$1.16M
Comparable Approach
Comparable
$1.47M
Blend (final)
Blend
$1.54M
Owner & transaction history
Mcp Holdings LLC · 3 yrs held
Mcp Holdings LLC
since 2022
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
R-3:RESTRICTED MULTIPLE · La Mesa, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.9M
+64.7%
Retail stores
$1.8M
+62.6%
Auto repair, garage
$1.7M
+52.8%
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
$1,460,000
ML approach
$1,505,000
CAP Approach
CAP Return
Estimation
6%
$1,255,000
6.5%
$1,160,000
7%
$1,075,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,135,000
Current use
MEDICAL BUILDING
$1,870,000
Change: +65% · Conversion: Moderate
RETAIL STORES
$1,845,000
Change: +63% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,735,000
Change: +53% · Conversion: Difficult
OFFICE BUILDING
$1,635,000
Change: +44% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,285,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$1.54M
Range $1.39M – $1.69M · ±10% · vs last sale $1.82M (Nov 4 2022)
Last sale anchor
$1.82M
Nov 4 2022
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
$339 / 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
$23,374
Tax year 2024
Assessed value
$1,856,400
Assessed 2024
Previous assessed
$1,856,400
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$918,000
Assessed improvement
$938,400
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
1952
Heating
NONE
Units
7
Total area
4,539 SF
Lot
0.31 ac (13,556 SF)
Zoning code
R-3:RESTRICTED MULTIPLE
APN
475-100-02-00
UPID
US09-9176174
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
$1.1M
MEDICAL BUILDING
Est. value
$1.9M
RETAIL STORES
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.6M
WAREHOUSE, STORAGE
Est. value
$1.3M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
OFFICE BUILDING
WAREHOUSE, STORAGE
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
1952
Heating
NONE
Units
7
Lot
0.31 ac
Current owner
From public records · entity-resolved
Mcp Holdings LLC
Entity
Mailing address
4071 ADAMS AVE, SAN DIEGO, CA 92116-2505
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Feb 18, 2026
—
Mcp Holdings LLC
—
Deed
related
$1,515,000 · Mission FCU
Sep 28, 2023
—
Mcp Holdings LLC
—
Deed
related
$1,550,000 · Mission FCU
Nov 4, 2022
$1,820,000
Mcp Holdings LLC
Lisa Kim Racine
Grant Deed
$1,150,000 · Kinecta FCU
Nov 20, 2019
—
Landholm Family Trust
—
Deed
related
$500,000 · Jpmorgan Chase Bank NA
May 18, 2012
—
Larry K Landholm
Landholm,betty L
Affidavit Of Death
related
—
—
—
Landholm Trust
—
Deed Of Trust
related
$29,300 · Prior Trust
—
—
Landholm Trust
—
Deed Of Trust
related
$305,000 · Washington Mutual Fsb
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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