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Property profile & analytics
OFF-MARKET
Estimated value
$4,475,000
Apartment buildings
1183 Saranap Ave Walnut Creek, CA 94595-1161
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0165787
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1965
Total area
26,696 SF
Lot
0.86 ac (37,462 SF)
Zoning code
M-29
APN
185-360-045-8
UPID
US09-0165787
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
-
Spanish Castle Apartments Apartment Complex
-
Lyn's home cleaning Home Help Service Establishment
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.48M
Owner & transaction history
Spanish Castle Apartments LLC · 12 yrs held
Spanish Castle Apartments LLC
since 2013
7 recorded transactions
Zoning & alternative use
M-29 · Walnut Creek, 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 Walnut Creek submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Walnut Creek 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
$168 / 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
$93,666
Tax year 2024
Assessed value
$6,434,125
Assessed 2024
Previous assessed
$6,434,125
+0.0% YoY
Effective rate
1.46%
On assessed value
Assessed land
$1,913,212
Assessed improvement
$4,520,913
Applied tax rate
98.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
1965
Heating
NONE
Buildings
3
Stories
1
Units
33
Rooms
33
Total area
26,696 SF
Lot
0.86 ac (37,462 SF)
Zoning code
M-29
APN
185-360-045-8
UPID
US09-0165787
Jurisdiction
CONTRA COSTA
Metro division
OAKLAND-FREMONT-HAYWARD, CA METROPOLITAN DIVISION
Zoning & alternative use
M-29 · Walnut Creek, CA
Zoning M-29 · permitted uses
M-29 · Walnut Creek, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Walnut Creek. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1965
Heating
NONE
Stories
1
Buildings
3
Units
33
Rooms
33
Lot
0.86 ac
Current owner
From public records · entity-resolved
Spanish Castle Apartments LLC
Entity
Mailing address
1301 MARINA VLG PKWY STE #240, ALAMEDA, CA 94501-1049
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
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
Nov 5, 2019
—
Spanish Castle Apartments LLC
—
Deed
related
$5,300,000 · Jpmorgan Chase Bank NA
Jul 24, 2013
—
Spanish Castle Apartments LLC
Spanish Castle Apartments LLC
Grant Deed
related
$3,000,000 · Jpmorgan Chase Bank NA
Dec 9, 2008
—
Spanish Castle Apartments LLC
Fong,joann
Quit Claim Deed
related
—
May 20, 2005
$4,707,000
Spanish Castle Apartments LLC
Selby Lane Co
Grant Deed
$3,062,000 · Washington Mutual Bank Fa
Dec 20, 2002
—
Selby Lane Co
Prime Property Investment LP
Grant Deed
$2,000,000 · Collier Trust
Sep 15, 2000
—
Brian P Stubbs
Stubbs Family Partners LP
Quit Claim Deed
related
—
Sep 15, 2000
$3,540,000
Prime Property Investments LP
Stubbs,brian P
Trustees Deed
$2,600,000 · World Savings Bank
Dec 30, 1993
—
Barry Stubbs
Stubbs,b.&d.
Quit Claim Deed
related
—
—
—
Selby Lane Co
—
Deed Of Trust
related
$2,926,000 · 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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