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Property profile & analytics
OFF-MARKET
Estimated value
$750,000
Apartment buildings
845 24th St San Diego, CA 92102-2003
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US09-8383160
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1941
Total area
3,200 SF
Lot
0.07 ac (3,225 SF)
Zoning code
R-4:MULTIPLE RESIDENTIAL
APN
534-392-02-00
UPID
US09-8383160
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
by Request
CAP Approach
CAP
$815k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$750k
Owner & transaction history
Gmb Partners LP · 3 yrs held
Gmb Partners LP
since 2023
7 recorded transactions
Zoning & alternative use
R-4:MULTIPLE RESIDENTIAL · San Diego, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.2M
+27.0%
Warehouse, storage
$1.0M
+6.3%
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 San Diego submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Diego 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%
$880,000
6.5%
$815,000
7%
$755,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$970,000
Current use
AUTO REPAIR, GARAGE
$1,235,000
Change: +27% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,030,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$750k
Range $675k – $825k · ±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
$234 / 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
$16,555
Tax year 2024
Assessed value
$1,339,706
Assessed 2024
Previous assessed
$1,339,706
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$669,852
Assessed improvement
$669,854
Applied tax rate
8.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1941
Heating
NONE
Units
8
Bathrooms
8
Total area
3,200 SF
Lot
0.07 ac (3,225 SF)
Zoning code
R-4:MULTIPLE RESIDENTIAL
APN
534-392-02-00
UPID
US09-8383160
Jurisdiction
SAN DIEGO
Zoning & alternative use
R-4:MULTIPLE RESIDENTIAL · San Diego, CA
Zoning R-4:MULTIPLE RESIDENTIAL · permitted uses
R-4:MULTIPLE RESIDENTIAL · San Diego, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
San Diego. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$970,000
AUTO REPAIR, GARAGE
Est. value
$1.2M
WAREHOUSE, STORAGE
Est. value
$1.0M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
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
1941
Heating
NONE
Units
8
Bathrooms
8
Lot
0.07 ac
Current owner
From public records · entity-resolved
Gmb Partners LP
Entity
Mailing address
PO BOX 1586, RANCHO SANTA FE, CA 92067-1586
Ownership since
2023
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
Jun 23, 2023
—
Gmb Partners LP
845 24th Street LLC
Quit Claim Deed
related
—
May 15, 2023
—
845 24th Street LLC
Gmb Partners LP
Quit Claim Deed
related
$1,050,000 · Cbre Capital Markets INC
Sep 11, 2017
—
Gmb Partners LP
—
Deed
related
$1,079,000 · Opus Bank
Jun 21, 2013
—
Gmb Partners LP
Gmb Partners LP
Quit Claim Deed
related
$650,000 · Opus Bank
Oct 15, 2009
—
Gmb Partners
Blatt,christopher
Quit Claim Deed
related
—
Dec 23, 2005
—
Christopher Blatt
Diesel Properties INC
Grant Deed
$730,000 · Luther Burbank Savings
Apr 1, 2003
$785,000
Jeb Horn
Eklund,tr
Grant Deed
$487,500 · Greenpoint Mortgage Funding
Apr 9, 1998
$301,000
Eklind Trust
Eklind Trust
Grant Deed
related
$270,720 · Seller
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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