Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,100,000
Apartment buildings
7656 Normal Ave La Mesa, CA 91941-6105
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9179208
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1979
Total area
5,408 SF
Lot
0.35 ac (15,349 SF)
Zoning code
R-3:RESTRICTED MULTIPLE
APN
475-080-10-00
UPID
US09-9179208
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
$2.10M
CAP Approach
CAP
$1.38M
Comparable Approach
Comparable
$1.75M
Blend (final)
Blend
$2.10M
Owner & transaction history
7656 Normal Ave LLC · 1 yrs held
7656 Normal Ave LLC
since 2024
Last sale
$2.1M
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
$2.2M
+64.7%
Retail stores
$2.2M
+62.6%
Auto repair, garage
$2.1M
+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
$2,100,000
ML approach
$2,100,000
CAP Approach
CAP Return
Estimation
6%
$1,500,000
6.5%
$1,380,000
7%
$1,285,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,350,000
Current use
MEDICAL BUILDING
$2,225,000
Change: +65% · Conversion: Moderate
RETAIL STORES
$2,195,000
Change: +63% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,065,000
Change: +53% · Conversion: Difficult
OFFICE BUILDING
$1,950,000
Change: +44% · Conversion: Moderate
Blend value · Realmo final
$2.10M
Range $1.89M – $2.31M · ±10% · vs last sale $2.10M (Dec 17 2024)
Last sale anchor
$2.10M
Dec 17 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
$388 / 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
$24,028
Tax year 2024
Assessed value
$1,846,710
Assessed 2024
Previous assessed
$1,846,710
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$936,360
Assessed improvement
$910,350
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
1979
Heating
NONE
Units
5
Bathrooms
9
Total area
5,408 SF
Lot
0.35 ac (15,349 SF)
Zoning code
R-3:RESTRICTED MULTIPLE
APN
475-080-10-00
UPID
US09-9179208
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
$1.4M
MEDICAL BUILDING
Est. value
$2.2M
RETAIL STORES
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$2.1M
OFFICE BUILDING
Est. value
$2.0M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
RETAIL STORES
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
1979
Heating
NONE
Units
5
Bathrooms
9
Lot
0.35 ac
Current owner
From public records · entity-resolved
7656 Normal Ave LLC
Entity
Mailing address
3572 IVY ST, SAN DIEGO, CA 92104-5721
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
Dec 17, 2024
$2,100,000
7656 Normal Ave LLC
Michael Bendickson
Grant Deed
$1,575,000 · Michael Bendickson
Aug 30, 2021
$1,775,000
Michael Bendickson
Normal Avenue LLC
Grant Deed
—
Aug 30, 2021
—
Michael Bendickson
Michael Bendickson
Intrafamily Transfer
related
—
Oct 25, 2016
—
Normal Avenue LLC
—
Deed
related
$500,000 · Malaga Bank Fsb
Dec 29, 2011
—
Normal Avenue LLC
Nicolette James A Trust
Grant Deed
—
Aug 17, 2004
$950,000
Nicolette,tr
Gesob LP
Grant Deed
$600,000 · First Federal Bank Ca
Mar 30, 2000
$204,000
De Ortiz Trust
Nash Trust
Grant Deed
—
—
—
Gesob LP
—
Deed Of Trust
related
$295,000 · World Savings Bank
—
—
Gesob LP
—
Deed Of Trust
related
$370,000 · World Savings 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 7656 Normal Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
