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Property profile & analytics
OFF-MARKET
Estimated value
$655,000
Apartment buildings
8374 Magnolia Ave Riverside, CA 92504-3200
Individually Owned
23-yr Hold
~
Est. High Equity
Property ID
US09-2480812
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1976
Construction
WOOD
Total area
3,144 SF
Lot
1.55 ac (67,518 SF)
Zoning code
R3
APN
231-040-017
UPID
US09-2480812
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
$460k
CAP Approach
CAP
$640k
Comparable Approach
Comparable
$863k
Blend (final)
Blend
$655k
Owner & transaction history
California Baptist University · 23 yrs held
California Baptist University
since 2003
7 recorded transactions
Zoning & alternative use
R3 · Riverside, 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 Riverside submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Riverside 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
$460,000
CAP Approach
CAP Return
Estimation
6%
$695,000
6.5%
$640,000
7%
$595,000
Blend value · Realmo final
$655k
Range $590k – $721k · ±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
$208 / 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
$1,444
Tax year 2024
Assessed value
$2,797,295
Assessed 2024
Previous assessed
$2,797,295
+0.0% YoY
Effective rate
0.05%
On assessed value
Assessed land
$726,982
Assessed improvement
$2,070,313
Applied tax rate
9.0000
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
Construction
WOOD
Heating
NONE
Stories
2
Units
4
Total area
3,144 SF
Lot
1.55 ac (67,518 SF)
Zoning code
R3
APN
231-040-017
UPID
US09-2480812
Jurisdiction
RIVERSIDE
Zoning & alternative use
R3 · Riverside, CA
Zoning R3 · permitted uses
R3 · Riverside, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Riverside. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1976
Construction
WOOD
Heating
NONE
Stories
2
Units
4
Lot
1.55 ac
Current owner
From public records · entity-resolved
California Baptist University
Individual
Mailing address
8432 MAGNOLIA AVE, RIVERSIDE, CA 92504-3206
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 18, 2016
—
Lancer Educational Housing LLC
—
Deed
related
—
May 30, 2003
—
California Baptist University
California Baptist University
Quit Claim Deed
related
$37,552,400 · Evangelical Christian Cu
Oct 19, 1999
—
California Baptist University
—
Deed Of Trust
related
$2,600,000 · Evangelical Christian Cu
Oct 30, 1998
$910,000
California Baptist University
Pine Creek
Trustees Deed
—
Oct 30, 1998
$625,000
California Baptist University
Goldware Trust
Trustees Deed
$7,200,000 · Evangelical Christian Cu
—
—
California Baptist University
—
Deed Of Trust
related
$3,000,000 · Evangelical Christian Cu
—
—
California Baptist University
—
Deed Of Trust
related
$1,069,290 · Evangelical Christian Cu
—
—
Lancer Educational Housing LLC
—
Loan Modification
related
—
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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