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Property profile & analytics
OFF-MARKET
Estimated value
$14,460,000
Apartment buildings
11150 Citrus Dr Ventura, CA 93004-1303
Individually Owned
Absentee Owner
~
Est. High Equity
Property ID
US10-1634954
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1975
Total area
103,938 SF
Lot
4.78 ac (208,216 SF)
Zoning code
R3-3
APN
090-0-250-225
UPID
US10-1634954
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$14.46M
Owner & transaction history
Norton And Loretta Karno Family Tru
Norton And Loretta Karno Family Tru
since 2025
7 recorded transactions
Zoning & alternative use
R3-3 · Ventura, 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 Ventura submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ventura 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$139 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$94,487
Tax year 2023
Assessed value
$8,637,024
Assessed 2024
Previous assessed
$8,637,024
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$3,934,687
Assessed improvement
$4,702,337
Applied tax rate
5.0000
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
1975
Heating
NONE
Total area
103,938 SF
Lot
4.78 ac (208,216 SF)
Zoning code
R3-3
APN
090-0-250-225
UPID
US10-1634954
Jurisdiction
VENTURA
Zoning & alternative use
R3-3 · Ventura, CA
Zoning R3-3 · permitted uses
R3-3 · Ventura, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ventura. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1975
Heating
NONE
Lot
4.78 ac
Current owner
From public records · entity-resolved
Norton And Loretta Karno Family Tru
Individual
Mailing address
16255 VENTURA BLVD STE #1200, ENCINO, CA 91436-2320
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 4, 2025
—
Norton And Loretta Karno Family Tru
Norton S Karno
Deed
related
—
Dec 11, 1998
$890,000
Norton S Karno
Artis Trust
Grant Deed
—
Feb 23, 1995
$890,000
Artis Trust
Karno,morton S
Grant Deed
—
Jul 28, 1994
$5,000,000
Norton S Karno
Federal National
Grant Deed
—
Feb 7, 1994
$5,645,000
Federal National Mortgage Assn
Ohearn Trust
Trustees Deed
related
—
May 4, 1993
$953,397
Shlens,trust
Ohearn Trust
Trustees Deed
related
—
—
—
Norton S Karno
—
Deed Of Trust
related
$7,400,000 · Lend Lease Mortgage Capital LP
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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