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Property profile & analytics
OFF-MARKET
Estimated value
$10,415,000
Apartment buildings
9705 Carlton Hls Blvd Santee, CA 92071-1300
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US09-9321540
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1979
Total area
51,932 SF
Lot
2.31 ac (100,623 SF)
Zoning code
RESTRICTED COMMERCIAL
APN
380-421-16-00
UPID
US09-9321540
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
$13.28M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.42M
Owner & transaction history
Carlton Heights Investors LLC · 8 yrs held
Carlton Heights Investors LLC
since 2017
5 recorded transactions
Zoning & alternative use
RESTRICTED COMMERCIAL · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$14,380,000
6.5%
$13,275,000
7%
$12,325,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$16,350,000
Current use
Blend value · Realmo final
$10.42M
Range $9.37M – $11.46M · ±10%
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
$201 / 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
$180,515
Tax year 2024
Assessed value
$14,501,744
Assessed 2024
Previous assessed
$14,501,744
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$5,577,593
Assessed improvement
$8,924,151
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
70
Total area
51,932 SF
Lot
2.31 ac (100,623 SF)
Zoning code
RESTRICTED COMMERCIAL
APN
380-421-16-00
UPID
US09-9321540
Jurisdiction
SAN DIEGO
Zoning & alternative use
RESTRICTED COMMERCIAL · Santee, CA
Zoning RESTRICTED COMMERCIAL · permitted uses
RESTRICTED COMMERCIAL · 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
$16.4M
APARTMENT HOUSE (5+ UNITS) Current
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
70
Lot
2.31 ac
Current owner
From public records · entity-resolved
Carlton Heights Investors LLC
Entity
Mailing address
PO BOX 14670, SCOTTSDALE, AZ 85267-4670
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 2, 2024
—
Carlton Heights Investors LLC
—
Deed
related
$10,000 · Jpmorgan Chase Bank NA
Jul 24, 2017
$13,000,000
Carlton Heights Investors LLC
Carlton Hieghts Villas LLC
Grant Deed
$8,400,000 · Jpmorgan Chase Bank NA
Jun 15, 2011
$7,900,000
Carlton Heights Villas LLC
Carlton Heights LP
Grant Deed
$5,135,000 · Wells Fargo Bank NA
Feb 11, 2009
$6,850,000
Carlton Heights
Jms Acquisition LLC
Grant Deed
—
—
—
Carlton Heights
—
Deed Of Trust
related
$4,795,000 · 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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