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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Apartment buildings
917 Washington Ave 25 Escondido, CA 92025-3128
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7429771
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1960
Total area
3,600 SF
Lot
0.47 ac (20,457 SF)
Zoning code
R-3:RESTRICTED MULTIPLE
APN
230-131-34-00
UPID
US09-7429771
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
$530k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$590k
Owner & transaction history
Gregory W Welker · 4 yrs held
Gregory W Welker
since 2022
Last sale
$650,000
7 recorded transactions
Zoning & alternative use
R-3:RESTRICTED MULTIPLE · Escondido, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$870,000
+4.6%
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
$525,000
ML approach
$530,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$830,000
Current use
RETAIL STORES
$870,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$590k
Range $531k – $649k · ±10% · vs last sale $650k (Mar 16 2022)
Last sale anchor
$650k
Mar 16 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
$164 / 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
$8,771
Tax year 2024
Assessed value
$765,876
Assessed 2024
Previous assessed
$765,876
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$259,219
Assessed improvement
$506,657
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
1960
Heating
NONE
Units
5
Bathrooms
5
Total area
3,600 SF
Lot
0.47 ac (20,457 SF)
Zoning code
R-3:RESTRICTED MULTIPLE
APN
230-131-34-00
UPID
US09-7429771
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
$830,000
RETAIL STORES
Est. value
$870,000
APARTMENT HOUSE (5+ UNITS) Current
RETAIL STORES
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
1960
Heating
NONE
Units
5
Bathrooms
5
Lot
0.47 ac
Current owner
From public records · entity-resolved
Gregory W Welker
Individual
Mailing address
7485 COLLINS RNCH CT, SAN DIEGO, CA 92130-5571
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 16, 2022
—
Gregory W Welker
Gregory W Welker
Intrafamily Transfer
related
$953,000 · American First Cu
Oct 22, 2014
$650,000
Welker,gregory W Family Trust
Behic Family Trust
Grant Deed
—
Nov 22, 2010
—
Behic Family Trust
Behic Family Trust
Quit Claim Deed
related
—
Jul 8, 2008
—
Behic Family Trust
Behic Family Trust
Quit Claim Deed
related
—
Nov 6, 2002
$515,000
Behic,tr
Marin,manuel Z & Yolanda
Grant Deed
$313,000 · Washington Mutual Fsb
Jun 28, 1990
$340,000
Marin Manuel Z &
Exchanged Titles
Trustees Deed
—
Jul 1, 1988
$230,000
Richard Dengate
Redding Betsy L
Trustees Deed
$193,200 · Redding Betsy L
Jul 1, 1988
—
Betsy L Redding
Roick Charles R
Quit Claim Deed
related
—
—
—
Manuel Z Marin
—
Deed Of Trust
related
$190,000 · American Savings Bank
—
—
Richard Dengate
—
Deed Of Trust
related
—
—
—
Marin Manuel Z
—
Deed Of Trust
related
—
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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