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Property profile & analytics
OFF-MARKET
Estimated value
$9,295,000
Apartment buildings
8961 Magnolia Ave Santee, CA 92071-3192
Trust Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-9401937
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1979
Total area
54,305 SF
Lot
2.18 ac (94,960 SF)
Zoning code
R-4:MULTIPLE RESIDENTIAL
APN
384-480-64-00
UPID
US09-9401937
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
-
Sanside Apartments Apartment Building
-
River Trail Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.30M
Owner & transaction history
Mazzola Revocable Family Trust
Mazzola Revocable Family Trust
since 2026
7 recorded transactions
Zoning & alternative use
R-4:MULTIPLE RESIDENTIAL · Santee, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$171 / 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
$149,332
Tax year 2024
Assessed value
$11,896,001
Assessed 2024
Previous assessed
$11,896,001
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$6,220,738
Assessed improvement
$5,675,263
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
67
Total area
54,305 SF
Lot
2.18 ac (94,960 SF)
Zoning code
R-4:MULTIPLE RESIDENTIAL
APN
384-480-64-00
UPID
US09-9401937
Jurisdiction
SAN DIEGO
Zoning & alternative use
R-4:MULTIPLE RESIDENTIAL · Santee, CA
Zoning R-4:MULTIPLE RESIDENTIAL · permitted uses
R-4:MULTIPLE RESIDENTIAL · 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.
Building & site characteristics
From public records
Year built
1979
Heating
NONE
Units
67
Lot
2.18 ac
Current owner
From public records · entity-resolved
Mazzola Revocable Family Trust
Trust
Mailing address
3636 CAMINO DEL RIO N STE #215, SAN DIEGO, CA 92108-1700
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 6, 2026
—
Mazzola Revocable Family Trust
Mazzola Revocable Family Trust
Deed
related
$8,898,000 · Jpmorgan Chase Bank NA
Dec 28, 2018
—
Ronald John Mazzola
—
Deed
related
$9,000,000 · Jpmorgan Chase Bank NA
Jan 29, 2016
$10,250,000
The Mazzola Revocable Family Trust
Mmger Partnership
Grant Deed
$7,687,500 · Jpmorgan Chase Bank NA
Dec 26, 2012
—
Mmger Ptshp
Recht Family Trust
Quit Claim Deed
related
—
Mar 25, 2011
$7,285,000
Michael S Recht
Kenneth S Browar
Grant Deed
$4,400,000 · Jpmorgan Chase Bank NA
Mar 25, 2011
—
Sanside 4 LLC
Sanside 4 LLC
Quit Claim Deed
related
—
Feb 27, 2008
—
Browar M S Fam Trust
Owner Name Unavailable
Grant Deed
related
—
Mar 31, 1998
—
Matthew S Etal Browar
Sanside 4 LLC,
Grant Deed
related
—
Jul 25, 1997
—
Matthew S Browar
Sanside 4 LLC
Grant Deed
related
—
May 15, 1997
$130,000
Browar Trust
Sanside 4 LLC
Grant Deed
—
May 1, 1997
—
Sanside 4
Klucewich,& Mac Donald
Trustees Deed
related
—
—
—
Sanside 4 LLC
—
Deed Of Trust
related
$4,800,000 · First Republic Bank
—
—
Sanside 4 LLC
—
Deed Of Trust
related
$1,962,750 · Home Savings Of America
—
—
Sanside 4 LLC
—
Deed Of Trust
related
$2,800,000 · Washington Mutual Fsb
—
—
Sanside 4 LLC
—
Deed Of Trust
related
$4,575,000 · First Federal Bank Ca
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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