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Property profile & analytics
OFF-MARKET
Estimated value
$1,465,000
Apartment buildings
1110 Sunset Dr Arroyo Grande, CA 93420-3149
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1397093
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Lot
0.53 ac (23,014 SF)
Zoning code
MFA
APN
077-211-025
UPID
US09-1397093
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
$1.39M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.47M
Owner & transaction history
Lre 1110 Sunset LLC · 4 yrs held
Lre 1110 Sunset LLC
since 2022
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
MFA · Arroyo Grande, 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 Arroyo Grande submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Arroyo Grande 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
$1,120,000
ML approach
$1,390,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.47M
Range $1.32M – $1.61M · ±10% · vs last sale $1.50M (Jan 25 2022)
Last sale anchor
$1.50M
Jan 25 2022
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
$18,350
Tax year 2024
Assessed value
$1,739,100
Assessed 2024
Previous assessed
$1,739,100
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$676,260
Assessed improvement
$1,062,840
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Heating
NONE
Lot
0.53 ac (23,014 SF)
Zoning code
MFA
APN
077-211-025
UPID
US09-1397093
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
MFA · Arroyo Grande, CA
Zoning MFA · permitted uses
MFA · Arroyo Grande, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Arroyo Grande. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
0.53 ac
Current owner
From public records · entity-resolved
Lre 1110 Sunset LLC
Entity
Mailing address
706 E ELK AVEB, GLENDALE, CA 91205-1722
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 25, 2022
$1,500,000
Lre 1110 Sunset LLC
Richard W Neufeld
Grant Deed
$1,500,000 · Lincoln Watase Etux
Oct 23, 2015
—
William J Kapp
Kapp William G Living Trust
Quit Claim Deed
related
—
Jan 3, 2014
—
Kapp,william G Living Trust
Kapp,william G & Magdalena T
Quit Claim Deed
related
—
Dec 31, 2013
—
Karp,paul J & P A Family Trust
Karp,paul J & Patricia A
Quit Claim Deed
related
—
Jul 28, 2005
—
Neufeld Richard W Family Trust
Neufeld,richard W & Judith A
Quit Claim Deed
related
—
Dec 29, 1992
$100,000
William G Kapp
Kapp,william
Grant Deed
related
—
Aug 10, 1989
$380,000
William Kapp
Ojeda,lillian M
Grant Deed
$323,000
—
—
Kapp William G
—
Deed Of Trust
related
$60,000 · Individual
—
—
Kapp William G
—
Deed Of Trust
related
$62,000 · Individual
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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