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Property profile & analytics
OFF-MARKET
Apartment buildings
121 Arrellaga St Santa Barbara, CA 93101-2969
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2911382
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Lot
0.43 ac (18,730 SF)
APN
027-222-003
UPID
US09-2911382
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
-
Simpson House Inn Bed & Breakfast Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Peter Andrew Coeler · 4 yrs held
Peter Andrew Coeler
since 2022
7 recorded transactions
Zoning & alternative use
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 Santa Barbara submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Santa Barbara 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
—
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
$16,879
Tax year 2024
Assessed value
$1,588,879
Assessed 2024
Previous assessed
$1,588,879
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$469,615
Assessed improvement
$1,119,264
Applied tax rate
2.0000
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
0.43 ac (18,730 SF)
APN
027-222-003
UPID
US09-2911382
Jurisdiction
SANTA BARBARA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Lot
0.43 ac
Current owner
From public records · entity-resolved
Peter Andrew Coeler
Individual
Mailing address
12716 RIVERSIDE DR, VALLEY VILLAGE, CA 91607-3319
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2022
—
Peter Andrew Coeler
Peter Coeler
Intrafamily Transfer
related
$3,500,000 · Banc Of California NA
Jul 23, 2009
—
Peter Coeler
Pbm Group 12 LLC
Grant Deed
—
Jan 16, 2008
—
Pbm Group 12 LLC
Coeler,peter & Barbara
Grant Deed
—
Sep 7, 2007
—
Peter Coeler
Coeler,peter
Quit Claim Deed
related
—
Oct 31, 2001
—
Hahs Trust
Hahs,christopher
Quit Claim Deed
related
—
Mar 24, 1998
—
Christopher Hahs
Hahs,angela
Quit Claim Deed
related
—
—
—
Peter Coeler
—
Deed Of Trust
related
$125,000 · Asset Preservation
—
—
Peter A Coeler
—
Deed Of Trust
related
$975,000 · Washington Mutual Fsb
—
—
Peter Coeler
—
Deed Of Trust
related
$1,908,000 · Pnc Arcs LLC
—
—
Peter Coeler
—
Deed Of Trust
related
$1,165,000 · 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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