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Property profile & analytics
OFF-MARKET
Estimated value
$3,515,000
Apartment buildings
991 Mollison Ave El Cajon, CA 92021-4731
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US09-6842537
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1974
Total area
26,561 SF
Lot
1.12 ac (48,787 SF)
Zoning code
R-4:MULTIPLE RESIDENTIAL
APN
484-281-24-00
UPID
US09-6842537
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
-
Progress Management Co Villa Apartment Building
-
US Sew Tech Hardware & Home Improvement General Contractor
-
Mobile Plus Sewing Machine Repair (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.80M
Comparable Approach
Comparable
$2.11M
Blend (final)
Blend
$3.52M
Owner & transaction history
Villa Mollison LLC · 9 yrs held
Villa Mollison LLC
since 2017
7 recorded transactions
Zoning & alternative use
R-4:MULTIPLE RESIDENTIAL · El Cajon, 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 El Cajon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs El Cajon 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%
$4,115,000
6.5%
$3,795,000
7%
$3,525,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$5,495,000
Current use
Blend value · Realmo final
$3.52M
Range $3.16M – $3.87M · ±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
$132 / 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
$111,275
Tax year 2024
Assessed value
$6,686,899
Assessed 2024
Previous assessed
$6,686,899
+0.0% YoY
Effective rate
1.66%
On assessed value
Assessed land
$2,673,897
Assessed improvement
$4,013,002
Applied tax rate
3.0000
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
1974
Heating
NONE
Units
37
Total area
26,561 SF
Lot
1.12 ac (48,787 SF)
Zoning code
R-4:MULTIPLE RESIDENTIAL
APN
484-281-24-00
UPID
US09-6842537
Jurisdiction
SAN DIEGO
Zoning & alternative use
R-4:MULTIPLE RESIDENTIAL · El Cajon, CA
Zoning R-4:MULTIPLE RESIDENTIAL · permitted uses
R-4:MULTIPLE RESIDENTIAL · El Cajon, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
El Cajon. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$5.5M
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
1974
Heating
NONE
Units
37
Lot
1.12 ac
Current owner
From public records · entity-resolved
Villa Mollison LLC
Entity
Mailing address
PO BOX 720004, SAN DIEGO, CA 92172-0004
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 12, 2024
—
Villa Mollison LLC
—
Deed
related
$2,000,000 · Jpmorgan Chase Bank NA
Mar 24, 2017
—
Villa Mollison LLC
Gronotte,joseph M
Quit Claim Deed
—
Mar 24, 2017
$4,312,500
Villa Mollison LLC
Laurie Anne Victoria
Grant Deed
$3,785,000 · Jpmorgan Chase Bank NA
Mar 9, 2017
—
Laurie A Victoria
Prebys,conrad
Affidavit Of Death
related
—
Jun 18, 1999
$1,470,000
Prebys Trust
Snyder,robert A & Susan L
Grant Deed
$102,500 · Washington Mutual Fsb
Aug 28, 1995
$897,000
Robert A Snyder
Epsilon Properties INC
Grant Deed
$672,750 · Pacific Trust FCU
Jan 26, 1994
$730,312
Epsilon Properties
Harding Street L
Trustees Deed
—
—
—
Prebys,tr
—
Deed Of Trust
related
$1,375,000 · 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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