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Property profile & analytics
OFF-MARKET
Estimated value
$7,610,000
Apartment buildings
8858 Olive Ln Santee, CA 92071-4140
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9029420
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1979
Total area
21,990 SF
Lot
1.01 ac (43,995 SF)
Zoning code
R-3:RESTRICTED MULTIPLE
APN
384-330-29-00
UPID
US09-9029420
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
-
The Olive Tree Apartments Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.61M
CAP Approach
CAP
$5.62M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.61M
Owner & transaction history
Kbm Investments LLC · 1 yrs held
Kbm Investments LLC
since 2024
Last sale
$7.6M
7 recorded transactions
Zoning & alternative use
R-3:RESTRICTED MULTIPLE · Santee, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$10.4M
+50.8%
Auto repair, garage
$8.4M
+21.3%
Office building
$7.9M
+14.4%
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 Santee submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Santee 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
$7,610,000
ML approach
$7,610,000
CAP Approach
CAP Return
Estimation
6%
$6,090,000
6.5%
$5,620,000
7%
$5,220,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$6,925,000
Current use
MEDICAL BUILDING
$10,435,000
Change: +51% · Conversion: Moderate
AUTO REPAIR, GARAGE
$8,395,000
Change: +21% · Conversion: Difficult
OFFICE BUILDING
$7,920,000
Change: +14% · Conversion: Moderate
Blend value · Realmo final
$7.61M
Range $6.85M – $8.37M · ±10% · vs last sale $7.61M (Nov 26 2024)
Last sale anchor
$7.61M
Nov 26 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
$346 / 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
$32,901
Tax year 2024
Assessed value
$2,492,937
Assessed 2024
Previous assessed
$2,492,937
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$827,903
Assessed improvement
$1,665,034
Applied tax rate
16.0000
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
26
Total area
21,990 SF
Lot
1.01 ac (43,995 SF)
Zoning code
R-3:RESTRICTED MULTIPLE
APN
384-330-29-00
UPID
US09-9029420
Jurisdiction
SAN DIEGO
Zoning & alternative use
R-3:RESTRICTED MULTIPLE · Santee, CA
Zoning R-3:RESTRICTED MULTIPLE · permitted uses
R-3:RESTRICTED MULTIPLE · Santee, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Santee. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$6.9M
MEDICAL BUILDING
Est. value
$10.4M
AUTO REPAIR, GARAGE
Est. value
$8.4M
OFFICE BUILDING
Est. value
$7.9M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
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
26
Lot
1.01 ac
Current owner
From public records · entity-resolved
Kbm Investments LLC
Entity
Mailing address
1441 INSPIRATION DR, LA JOLLA, CA 92037-6813
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 26, 2026
—
Kbm Investments LLC
—
Deed
related
$4,680,000 · The Golden 1 Cu
Nov 26, 2024
$7,609,000
Kbm Investments LLC
Gloria S Mccoy
Grant Deed
$4,950,000 · Western Adventist Foundation
Apr 14, 2022
—
Charles W Mccoy JR
—
Deed
related
$3,000,000 · Jpmorgan Chase Bank NA
Sep 25, 2017
—
Charles W Mccoy JR.
—
Deed
related
$2,500,000 · Jpmorgan Chase Bank NA
May 13, 1999
—
Charles W Mccoy JR.
Mccoy,charles W JR
Quit Claim Deed
related
—
Mar 30, 1989
—
Affiliated Prope
Web Service Co I
Quit Claim Deed
related
$1,052,500 · Home Savings Of America
Mar 30, 1989
$1,357,500
Mccoy Charles W
Western Trust Se
Trustees Deed
—
—
—
Mccoy Trust
—
Deed Of Trust
related
$1,320,000 · Washington Mutual Fsb
—
—
Mccoy Charles W JR Trust
—
Deed Of Trust
related
$1,800,000 · J P Morgan Chase Bank
—
—
Mccoy,charles W Tr
—
Deed Of Trust
related
$1,430,000 · Washington Mutual Fsb
—
—
Charles W Mccoy
—
Deed Of Trust
related
$1,050,000 · Home Savings Of America
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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