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Property profile & analytics
OFF-MARKET
Estimated value
$2,090,000
Apartment buildings
9859 Dl Ave Spring Valley, CA 91977-2438
Individually Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9503900
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1990
Total area
12,598 SF
Lot
0.54 ac (23,522 SF)
Zoning code
R-3:RESTRICTED MULTIPLE
APN
500-261-53-00
UPID
US09-9503900
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
-
Grupo Norteño en San Diego Music Venue Theater & Performing Art Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.09M
Owner & transaction history
Robert P Fraas · 7 yrs held
Robert P Fraas
since 2019
7 recorded transactions
Zoning & alternative use
R-3:RESTRICTED MULTIPLE · Spring Valley, 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 Spring Valley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spring Valley 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,865,000
Current use
Blend value · Realmo final
$2.09M
Range $1.88M – $2.30M · ±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
$166 / 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
$52,446
Tax year 2024
Assessed value
$3,827,756
Assessed 2024
Previous assessed
$3,827,756
+0.0% YoY
Effective rate
1.37%
On assessed value
Assessed land
$1,924,815
Assessed improvement
$1,902,941
Applied tax rate
83.0000
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
1990
Heating
NONE
Units
16
Total area
12,598 SF
Lot
0.54 ac (23,522 SF)
Zoning code
R-3:RESTRICTED MULTIPLE
APN
500-261-53-00
UPID
US09-9503900
Jurisdiction
SAN DIEGO
Zoning & alternative use
R-3:RESTRICTED MULTIPLE · Spring Valley, CA
Zoning R-3:RESTRICTED MULTIPLE · permitted uses
R-3:RESTRICTED MULTIPLE · Spring Valley, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Spring Valley. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.9M
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
1990
Heating
NONE
Units
16
Lot
0.54 ac
Current owner
From public records · entity-resolved
Robert P Fraas
Individual
Mailing address
2046 CAMINO LOMA VERDE, VISTA, CA 92084-3604
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 31, 2019
$3,500,000
Robert P Fraas
Oliva Ledbetter
Grant Deed
$1,950,000 · Jpmorgan Chase Bank NA
May 31, 2019
—
Owner Name Unavailable
Kaiser,kenneth J
Affidavit Of Death
related
—
Sep 4, 2013
—
Alan J Brant
Brant,lavonne M
Affidavit Of Death
related
—
Feb 22, 2006
—
Richard J Ledbetter
Dale Point Partners
Quit Claim Deed
related
—
Mar 27, 1992
$145,474
Dunn Trust
Ray L Huffman Co
Trustees Deed
related
—
—
—
Ray L Huffman Co
—
Deed Of Trust
related
$20,000 · Kaiser Kenneth
—
—
Ray L Huffman Co
—
Deed Of Trust
related
$800,000 · Glendale Federal Bank
—
—
Ray L Huffman Co
—
Deed Of Trust
related
$10,400 · Bate Raymond K
—
—
Ray L Huffman Co
—
Deed Of Trust
related
$20,000 · Parker Charles V
—
—
Ray L Huffman Co
—
Deed Of Trust
related
$25,000 · Individual
—
—
Ray L Huffman Co
—
Deed Of Trust
related
—
—
—
Ray L Huffman Co
—
Deed Of Trust
related
—
—
—
Ray L Huffman Co
—
Deed Of Trust
related
$20,000 · Bate Raymond K
—
—
Ray L Huffman Co
—
Deed Of Trust
related
$20,000 · Kaiser Kenneth
—
—
Ray L Huffman Co
—
Deed Of Trust
related
$10,000 · Christensen Patr
—
—
Ray L Huffman Co
—
Deed Of Trust
related
$114,250 · Dunn Paul W
—
—
Ray L Huffman Co
—
Deed Of Trust
related
$56,194 · Brant Alan J
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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