New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,280,000
Residential income homes
1040 Cherry Ct, Hollister, CA 95023-4153
Trust Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0270603
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Lot
0.25 ac (10,750 SF)
APN
054-460-020-000
UPID
US09-0270603
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
$1.24M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.28M
Owner & transaction history
Galassi,james & N 1996 Trust · 11 yrs held
Galassi,james & N 1996 Trust
since 2014
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
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 Hollister submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hollister 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
$1,115,000
ML approach
$1,240,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.28M
Range $1.15M – $1.41M · ±10% · vs last sale $1.30M (Mar 28 2025)
Last sale anchor
$1.30M
Mar 28 2025
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
—
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
$11,006
Tax year 2024
Assessed value
$913,163
Assessed 2024
Previous assessed
$913,163
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$235,654
Assessed improvement
$677,509
Applied tax rate
1.0000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Heating
NONE
Units
3
Lot
0.25 ac (10,750 SF)
APN
054-460-020-000
UPID
US09-0270603
Jurisdiction
SAN BENITO
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Units
3
Lot
0.25 ac
Current owner
From public records · entity-resolved
Galassi,james & N 1996 Trust
Trust
Mailing address
1090 SONNYS WAY, HOLLISTER, CA 95023-6623
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
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
Oct 2, 2014
$775,000
Galassi,james & N 1996 Trust
Gaeta M G & Santos C
Grant Deed
—
May 2, 2008
—
Gaeta Miguel G & Santos C Tr
Gaeta,miguel & Santos
Quit Claim Deed
related
—
Apr 30, 2008
—
Miguel G Gaeta
Miguel Gaeta
Intrafamily Transfer
related
$398,000 · Wells Fargo Bank NA
Aug 24, 2007
—
Gaeta Miguel & Santos Tr
Gaeta,miguel & Santos
Quit Claim Deed
related
—
Jul 9, 2004
$798,000
Miguel Gaeta
Chiechi,tr
Grant Deed
$376,000 · World Savings Bank
Jan 15, 2004
—
Chiechi,tr
Chiechi,margie C
Quit Claim Deed
related
—
Nov 14, 2002
—
Margie C Chiechi
Chiechi,tr
Quit Claim Deed
related
$340,000 · Downey S & L (wholesale)
Oct 23, 2000
—
Margie C Chiechi Trustee
Chiechi,marie C
Quit Claim Deed
related
—
Apr 14, 2000
$480,000
Margie C Chiechi
Barthen,richard B & Mary A
Grant Deed
$335,900 · Downey S & L (wholesale)
Mar 15, 1994
$315,000
Richard B Barthen
Kalend,michael &
Grant Deed
$252,000 · Watsonville Federal S & L
—
—
Ray Malech
—
Deed Of Trust
related
$243,000 · Coast Federal 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1040 Cherry Ct?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
