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Property profile & analytics
OFF-MARKET
Estimated value
$1,135,000
Apartment buildings
116 7th St, Santa Paula, CA 93060-2702
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US10-1481625
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Total area
5,295 SF
Lot
0.36 ac (15,681 SF)
Zoning code
MULT
APN
103-0-093-085
UPID
US10-1481625
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
$1.29M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.14M
Owner & transaction history
Nega LLC · 10 yrs held
Nega LLC
since 2016
7 recorded transactions
Zoning & alternative use
MULT · Santa Paula, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.5M
+0.3%
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 Santa Paula submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Santa Paula 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%
$1,395,000
6.5%
$1,290,000
7%
$1,195,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,535,000
Current use
WAREHOUSE, STORAGE
$1,540,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$1.14M
Range $1.02M – $1.25M · ±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
$214 / 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
$15,888
Tax year 2023
Assessed value
$1,392,698
Assessed 2024
Previous assessed
$1,365,391
+2.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$522,261
Assessed improvement
$870,437
Applied tax rate
4.0000
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
Total area
5,295 SF
Lot
0.36 ac (15,681 SF)
Zoning code
MULT
APN
103-0-093-085
UPID
US10-1481625
Jurisdiction
VENTURA
Zoning & alternative use
MULT · Santa Paula, CA
Zoning MULT · permitted uses
MULT · Santa Paula, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Santa Paula. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.5M
WAREHOUSE, STORAGE
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS) Current
WAREHOUSE, STORAGE
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
Heating
NONE
Lot
0.36 ac
Current owner
From public records · entity-resolved
Nega LLC
Entity
Mailing address
3814 GLENEAGLES DR, TARZANA, CA 91356-5625
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 25, 2022
—
Nega LLC
—
Deed
related
$895,000 · Liberty Bank
Oct 24, 2019
—
Nega LLC
—
Deed
related
$750,000 · Fresno First Bank
May 23, 2016
—
Nega LLC
Gevorgian,edith
Quit Claim Deed
related
—
Apr 1, 2016
—
Edith Gevorgian
Demirjian,nazaret A
Quit Claim Deed
related
—
Apr 1, 2016
$1,200,000
Edith Gevorgian
Ap Mortgage Company
Grant Deed
$750,000 · Bofi Federal Bank
Mar 13, 2015
$520,000
Ap Mtg
Seaside Trustee INC|hernandez Filemon
Trustees Deed
related
—
Sep 9, 2014
—
Filemon Hernandez
Back,david
Grant Deed
—
Aug 4, 2010
$685,000
David Back
Hernandez,filemon
Grant Deed
—
Nov 10, 2009
—
Filemon Hernandez
Hernandez,oscar
Quit Claim Deed
related
—
Feb 9, 2004
—
Filemon Hernandez
Hernandez,ruth A
Quit Claim Deed
related
—
Feb 9, 2004
$500,000
Filemon Hernandez
Coeler,peter
Grant Deed
$500,000 · Peter Coeler
Oct 24, 2003
$473,000
Peter Coeler
Herman,tr
Grant Deed
$378,400 · First Regional Bank
Oct 24, 2003
—
Herman,tr
Mill Investments Business Trus
Grant Deed
related
—
Jun 12, 1989
—
Harry H Herman
Herman Harry H
Quit Claim Deed
related
$245,000 · Great Western Bank
—
—
Filemon Hernandez
—
Deed Of Trust
related
$715,000 · Santa Barbara Bank & Trust
—
—
Filemon Hernandez
—
Deed Of Trust
related
$58,000 · Back David Trust
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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