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Property profile & analytics
OFF-MARKET
Estimated value
$20,105,000
Apartment buildings
902 Washington Ave 26 Escondido, CA 92025-3100
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9569088
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1971
Total area
77,138 SF
Lot
4.24 ac (184,694 SF)
Zoning code
R-3:RESTRICTED MULTIPLE
APN
230-052-30-00
UPID
US09-9569088
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
$19.62M
Comparable Approach
Comparable
$26.14M
Blend (final)
Blend
$20.11M
Owner & transaction history
902 Washington LLC · 4 yrs held
902 Washington LLC
since 2022
Last sale
$19.5M
7 recorded transactions
Zoning & alternative use
R-3:RESTRICTED MULTIPLE · Escondido, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$29.5M
+65.4%
Office building
$27.8M
+56.2%
Medical building
$23.4M
+31.2%
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 Escondido submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Escondido 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
$15,765,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$21,250,000
6.5%
$19,615,000
7%
$18,215,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$17,805,000
Current use
AUTO REPAIR, GARAGE
$29,450,000
Change: +65% · Conversion: Difficult
OFFICE BUILDING
$27,815,000
Change: +56% · Conversion: Moderate
MEDICAL BUILDING
$23,365,000
Change: +31% · Conversion: Moderate
WAREHOUSE, STORAGE
$21,160,000
Change: +19% · Conversion: Difficult
Blend value · Realmo final
$20.11M
Range $18.09M – $22.12M · ±10% · vs last sale $19.50M (Mar 30 2022)
Last sale anchor
$19.50M
Mar 30 2022
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
$261 / 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
$243,458
Tax year 2024
Assessed value
$21,345,006
Assessed 2024
Previous assessed
$21,345,006
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$8,749,167
Assessed improvement
$12,595,839
Applied tax rate
4.0000
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
Heating
NONE
Units
98
Total area
77,138 SF
Lot
4.24 ac (184,694 SF)
Zoning code
R-3:RESTRICTED MULTIPLE
APN
230-052-30-00
UPID
US09-9569088
Jurisdiction
SAN DIEGO
Zoning & alternative use
R-3:RESTRICTED MULTIPLE · Escondido, CA
Zoning R-3:RESTRICTED MULTIPLE · permitted uses
R-3:RESTRICTED MULTIPLE · Escondido, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Escondido. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$17.8M
AUTO REPAIR, GARAGE
Est. value
$29.5M
OFFICE BUILDING
Est. value
$27.8M
MEDICAL BUILDING
Est. value
$23.4M
WAREHOUSE, STORAGE
Est. value
$21.2M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL BUILDING
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
1971
Heating
NONE
Units
98
Lot
4.24 ac
Current owner
From public records · entity-resolved
902 Washington LLC
Entity
Mailing address
10755 SCRIPPS POWAY PKWYF720, SAN DIEGO, CA 92131-3924
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Mar 30, 2022
—
902 Washington LLC
902 Washington LLC
Intrafamily Transfer
related
$18,060,000 · First Republic Bank
Feb 6, 2019
$19,500,000
902 Washington LLC
Vca Co LLC
Trustees Deed
$14,800,000 · Miscellaneous Ins Co
Jul 23, 2007
—
Capri Apts Villa
Washtek LLC
Quit Claim Deed
related
—
May 10, 2000
$5,400,000
Vca Company LLC
Villa Capri Escondido LP
Grant Deed
$3,450,000 · Washington Mutual Fsb
May 11, 1994
—
Villa Capri Of Escondido
Martin,gilbert J
Grant Deed
related
—
Jun 30, 1993
$2,700,000
Gilbert J Martin
Wells Fargo Bank
Grant Deed
$1,100,000 · Scripps Bank
Nov 2, 1992
$2,276,787
Wells Fargo Bank
Villa Capri Asso
Trustees Deed
related
—
—
—
Villa Capri Of Escondido LP
—
Deed Of Trust
related
$900,000 · Scripps Bank
—
—
Vca Co LLC
—
Deed Of Trust
related
$5,700,000 · Washington Mutual Fsb
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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