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Property profile & analytics
OFF-MARKET
Estimated value
$995,000
Apartment buildings
120 Felton Empire Rd 2, Felton, CA 95018-9141
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US09-2137334
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1962
Construction
WOOD
Total area
4,763 SF
Lot
0.22 ac (9,757 SF)
Zoning code
R-1-15
APN
065-043-15
UPID
US09-2137334
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
$995k
Owner & transaction history
Felton Empire LLC · 12 yrs held
Felton Empire LLC
since 2013
4 recorded transactions
Zoning & alternative use
R-1-15 · Felton, 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 Felton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Felton 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
$209 / 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
$8,432
Tax year 2024
Assessed value
$616,172
Assessed 2024
Previous assessed
$616,172
+0.0% YoY
Effective rate
1.37%
On assessed value
Assessed land
$187,662
Assessed improvement
$428,510
Applied tax rate
90.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1962
Construction
WOOD
Heating
NONE
Stories
2
Units
6
Total area
4,763 SF
Lot
0.22 ac (9,757 SF)
Zoning code
R-1-15
APN
065-043-15
UPID
US09-2137334
Jurisdiction
SANTA CRUZ
Zoning & alternative use
R-1-15 · Felton, CA
Zoning R-1-15 · permitted uses
R-1-15 · Felton, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Felton. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1962
Construction
WOOD
Heating
NONE
Stories
2
Units
6
Lot
0.22 ac
Current owner
From public records · entity-resolved
Felton Empire LLC
Entity
Mailing address
PO BOX 4006, FELTON, CA 95018-0020
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 2, 2022
—
Felton Empire LLC
—
Deed
related
$1,080,000 · Mechanics Bank
Sep 19, 2017
—
Felton Empire LLC
—
Deed
related
$1,155,000 · Luther Burbank Savings
Nov 27, 2013
—
Felton Empire LLC
Lawrence Noon
Grant Deed
$637,000 · Jpmorgan Chase Bank NA
Apr 3, 2007
—
Lawrence Noon
Rochelle Ann Stone
Quit Claim Deed
related
$700,000 · Citibank NA
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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