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Property profile & analytics
OFF-MARKET
Estimated value
$7,900,000
Apartment buildings
938 Fig St Escondido, CA 92026-3282
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9325054
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1991
Total area
17,650 SF
Lot
0.83 ac (36,154 SF)
Zoning code
R-3:RESTRICTED MULTIPLE
APN
230-010-85-00
UPID
US09-9325054
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
$7.90M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.48M
Blend (final)
Blend
$7.90M
Owner & transaction history
Mystic Marketing Associates LLC · 1 yrs held
Mystic Marketing Associates LLC
since 2024
Last sale
$7.9M
7 recorded transactions
Zoning & alternative use
R-3:RESTRICTED MULTIPLE · Escondido, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$11.6M
+199.8%
Auto repair, garage
$6.7M
+74.5%
Office building
$6.4M
+64.9%
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
$7,900,000
ML approach
$7,900,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$11,575,000
Change: +200% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,740,000
Change: +75% · Conversion: Difficult
OFFICE BUILDING
$6,365,000
Change: +65% · Conversion: Moderate
MEDICAL BUILDING
$5,375,000
Change: +39% · Conversion: Moderate
WAREHOUSE, STORAGE
$4,840,000
Change: +25% · Conversion: Difficult
Blend value · Realmo final
$7.90M
Range $7.11M – $8.69M · ±10% · vs last sale $7.90M (Sep 27 2024)
Last sale anchor
$7.90M
Sep 27 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
$448 / 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
$50,469
Tax year 2024
Assessed value
$4,422,220
Assessed 2024
Previous assessed
$4,422,220
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$3,121,200
Assessed improvement
$1,301,020
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
1991
Heating
NONE
Units
14
Bathrooms
35
Total area
17,650 SF
Lot
0.83 ac (36,154 SF)
Zoning code
R-3:RESTRICTED MULTIPLE
APN
230-010-85-00
UPID
US09-9325054
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
RESTAURANT
Est. value
$11.6M
AUTO REPAIR, GARAGE
Est. value
$6.7M
OFFICE BUILDING
Est. value
$6.4M
MEDICAL BUILDING
Est. value
$5.4M
WAREHOUSE, STORAGE
Est. value
$4.8M
RESTAURANT
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
1991
Heating
NONE
Units
14
Bathrooms
35
Lot
0.83 ac
Current owner
From public records · entity-resolved
Mystic Marketing Associates LLC
Entity
Mailing address
16478 BCH BLVD #341, WESTMINSTER, CA 92683-7860
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 27, 2024
$7,900,000
Mystic Marketing Associates LLC
Fig Multifamily Owner LLC
Grant Deed
$4,558,000 · Cbre Capital Markets INC
Jul 21, 2022
—
Fig Multifamily Owner LLC
—
Deed
related
$3,475,000 · C3bank National Association
May 24, 2022
$4,268,500
Fig Multifamily Owner LLC
Cannon Real Estate USA LLC
Grant Deed
—
Mar 16, 2020
—
Cannon Real Estate USA LLC
—
Deed
related
$2,500,000 · Opus Bank
Oct 11, 2012
$2,625,000
Cannon Real Estate USA LLC
938 Fig Street LLC
Grant Deed
—
Sep 30, 2004
$3,265,000
938 Fig St LLC
Ching Family Trust
Grant Deed
$3,119,000 · First Federal Bank Ca
Jun 6, 2001
—
George K Etal Ching
Ching,george K & Oko L
Quit Claim Deed
related
—
Dec 14, 1999
$1,182,721
George K Ching
938 Fig Associates LP
Grant Deed
$26,537 · Individual
—
—
938 Fig Street LLC
—
Deed Of Trust
related
$1,800,000 · Dickson M Chris Living Trust
—
—
938 Fig Street LLC
—
Deed Of Trust
related
$1,476,000 · Devin W Breise
—
—
938 Fig Street LLC
—
Deed Of Trust
related
$3,200,000 · First Republic Bank
—
—
938 Fig Street LLC
—
Deed Of Trust
related
$3,200,000 · First Republic Bank
—
—
938 Fig Street LLC
—
Deed Of Trust
related
$3,100,000 · First Republic Bank
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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