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Property profile & analytics
OFF-MARKET
Estimated value
$1,045,000
Apartment buildings
1226 L St Arcata, CA 95521-5778
Individually Owned
3-yr Hold
Free & Clear
Property ID
US09-3033835
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1978
Construction
WOOD
Total area
4,704 SF
Lot
0.36 ac (15,681 SF)
Zoning code
IL
APN
020-115-005-000
UPID
US09-3033835
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
$1.09M
CAP Approach
CAP
$860k
Comparable Approach
Comparable
$945k
Blend (final)
Blend
$1.05M
Owner & transaction history
Naim Obeji · 3 yrs held
Naim Obeji
since 2023
Last sale
$1.0M
5 recorded transactions
Zoning & alternative use
IL · Arcata, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
IL Industrial Limited Zoning Compliance Table Location: File #: APN: Owner / Applicant: LAND USE CODE COMPLIANCE Parcel and Density Code Section Regulation Standard Project Conformance / Comment 9.26.030 Allowable Lan
Zone name
Industrial Limited
General category
INDUSTRIAL
Zone area
172.78 ac
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 Arcata submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Arcata 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
$1,155,000
ML approach
$1,085,000
CAP Approach
CAP Return
Estimation
6%
$935,000
6.5%
$860,000
7%
$800,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$945,000
Current use
COMMERCIAL (GENERAL)
$825,000
Change: -13% · Conversion: Moderate
Blend value · Realmo final
$1.05M
Range $941k – $1.15M · ±10% · vs last sale $1.02M (Jan 30 2023)
Last sale anchor
$1.02M
Jan 30 2023
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
$222 / 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
$12,706
Tax year 2024
Assessed value
$1,093,642
Assessed 2024
Previous assessed
$1,093,642
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$375,269
Assessed improvement
$718,373
Applied tax rate
1.0000
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
1978
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Stories
2
Rooms
24
Bathrooms
6
Total area
4,704 SF
Lot
0.36 ac (15,681 SF)
Zoning code
IL
APN
020-115-005-000
UPID
US09-3033835
Jurisdiction
HUMBOLDT
Zoning & alternative use
IL · Arcata, CAZoning IL · permitted uses
IL · Arcata, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
IL Industrial Limited Zoning Compliance Table Location: File #: APN: Owner / Applicant: LAND USE CODE COMPLIANCE Parcel and Density Code Section Regulation Standard Project Conformance / Comment 9.26.030 Allowable Lan
Zone name
Industrial Limited
General category
INDUSTRIAL
Zone area
172.78 ac
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$945,000
COMMERCIAL (GENERAL)
Est. value
$825,000
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
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
Year built
1978
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Stories
2
Rooms
24
Bathrooms
6
Lot
0.36 ac
Current owner
From public records · entity-resolved
Naim Obeji
Individual
Free & Clear · 3 yrs held
Mailing address
PO BOX 1284, SANTA MONICA, CA 90406-1284
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 30, 2023
—
Naim Obeji
Naim Obeji
Intrafamily Transfer
related
—
Sep 3, 2019
$1,020,000
Naim Obeji
Luking Anne E Living Trust
Grant Deed
$714,000 · Coast Ctrl Cu
Sep 3, 2019
—
Luking,anne E Living Trust
Luking,anne E
Affidavit Of Death
related
—
Sep 12, 2003
—
Luking,tr
Luking,anne
Quit Claim Deed
related
—
Aug 30, 1977
—
Anne Luking
—
Grant Deed
related
—
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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