Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$117,780,000
Apartment buildings
8655 Arlington Ave Riverside, CA 92503-1325
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0991969
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1985
Construction
WOOD
Total area
13,200 SF
Lot
7.25 ac (315,810 SF)
Zoning code
R3
APN
155-262-040
UPID
US09-0991969
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
-
Laurel Heights Apartments (Riverside, CA) Apartment Complex Apartment Building
-
SoCal Home Group Vacation Rental Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$117.78M
Owner & transaction history
Laurel Heights Realty Holdings LLC · 5 yrs held
Laurel Heights Realty Holdings LLC
since 2020
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
$8,923 / 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
$370,100
Tax year 2024
Assessed value
$29,925,630
Assessed 2024
Previous assessed
$29,925,630
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$6,836,301
Assessed improvement
$23,089,329
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 (100+ UNITS)
Status
Off-Market
Year built
1985
Construction
WOOD
Heating
NONE
Buildings
6
Stories
3
Units
9
Total area
13,200 SF
Lot
7.25 ac (315,810 SF)
Zoning code
R3
APN
155-262-040
UPID
US09-0991969
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
1985
Construction
WOOD
Heating
NONE
Stories
3
Buildings
6
Units
9
Lot
7.25 ac
Current owner
From public records · entity-resolved
Laurel Heights Realty Holdings LLC
Entity
Mailing address
1600 ROSECRANS AVE1A#203, MANHATTAN BCH, CA 90266-3708
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Nov 2, 2020
—
Laurel Heights Realty Holdings LLC
8655 Arlington Ave Multi LLC
Grant Deed
$30,187,000 · Greystone Servicing Company LLC
Sep 4, 2018
$27,250,000
8655 Arlington Ave Multi LLC
Bre Paragon Mf Laurel Heights
Grant Deed
$21,255,000 · Greystone Svcng Corp
Oct 23, 2015
$15,750,000
Bre Paragon Mf Laurel Heights
Arlingheights LLC
Grant Deed
$8,200,000 · * Other Institutional Lenders
Jun 16, 2010
—
Arlington Heights LLC
Arlington Heights Apartments LP
Grant Deed
—
Aug 5, 2005
—
Arlington Heights Apts
Thomas Tomanek & Assocs Vii In
Grant Deed
$7,600,000 · L J Melody & Co
Jul 28, 1999
—
Tomanek & Associates I LLC
Prince Shelter Creek Property
Grant Deed
$5,600,000 · L J Melody & Co
Jul 3, 1995
—
Prince Shelter Creek Property
Managed Properties INC
Grant Deed
$3,280,000 · St Paul Fsb
Dec 6, 1993
$5,500,000
Managed Properties INC
Olive Tree Assoc
Trustees Deed
—
Jan 1, 1988
$7,970,000
Olive Tree Assoc
Unknown
Grant Deed
—
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 8655 Arlington 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.
