New search
Property profile & analytics
OFF-MARKET
Estimated value
$2,900,000
Apartment buildings
8395 Magnolia Ave Riverside, CA 92504-3224
Entity Owned
24-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0743697
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1971
Construction
WOOD
Total area
32,122 SF
Lot
1.53 ac (66,646 SF)
Zoning code
R3
APN
193-331-007
UPID
US09-0743697
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
-
Spanish Oak Apartments Apartment Building
-
Arlington Ward Leadership Church
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.90M
Owner & transaction history
Mc Spanish Oaks LLC · 24 yrs held
Mc Spanish Oaks LLC
since 2002
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$90 / 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
$38,877
Tax year 2024
Assessed value
$3,408,632
Assessed 2024
Previous assessed
$3,408,632
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$868,991
Assessed improvement
$2,539,641
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
1971
Construction
WOOD
Heating
NONE
Stories
2
Total area
32,122 SF
Lot
1.53 ac (66,646 SF)
Zoning code
R3
APN
193-331-007
UPID
US09-0743697
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
1971
Construction
WOOD
Heating
NONE
Stories
2
Lot
1.53 ac
Current owner
From public records · entity-resolved
Mc Spanish Oaks LLC
Entity
Mailing address
2 VIA DEL TESORO, SAN CLEMENTE, CA 92673-2741
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 2, 2018
—
Mc Spanish Oaks LLC
—
Deed
related
$250,000 · Jpmorgan Chase Bank NA
Jan 18, 2002
$2,350,000
Mc Spanish Oaks LLC
L & S Properties 1998 LLC
Grant Deed
$1,872,600 · Abn Amro Mortgage Group INC
Nov 9, 1999
$1,690,000
L & S Properties 1998 LLC
Hearn,micahel A & Lynda A
Grant Deed
$1,200,000 · United Commercial Bank
Sep 2, 1994
$1,200,000
Michael A Hearn
Us Mortgage Coll
Grant Deed
$740,000 · Home Savings Of America
May 25, 1994
$2,446,844
U S Mortgage Collection Svcs
Spanish Oak Part
Trustees Deed
related
—
May 11, 1994
$2,446,844
Us Mortgage Collection Svcs
Spanish Oak Part
Trustees Deed
related
—
Jan 30, 1992
—
Oak Part Spanish
—
Deed Of Trust
related
—
—
—
Mc Spanish Oaks LLC
—
Deed Of Trust
related
$1,755,000 · Citibank NA
—
—
Mc Spanish Oaks LLC
—
Deed Of Trust
related
$1,720,000 · Arbor Commercial Funding LLC
—
—
Magnolia Ave Baptist Ch Of Rivers
—
Deed Of Trust
related
$4,200,000 · Bank Of The West
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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