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Property profile & analytics
OFF-MARKET
Apartment buildings
1236 Monte Vis Pl San Luis Obispo, CA 93405-1431
Entity Owned
~
Est. High Equity
Property ID
US09-0989313
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Lot
0.66 ac (28,700 SF)
Zoning code
R4
APN
052-071-028
UPID
US09-0989313
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
-
California West Property Property Management Company
-
Delta Chi Volunteer Organization Community Center
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
Slo Ride 1236 LLC
Slo Ride 1236 LLC
since 2025
Last sale
$6.1M
7 recorded transactions
Zoning & alternative use
R4 · San Luis Obispo, 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 San Luis Obispo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Luis Obispo 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
$22,516
Tax year 2024
Assessed value
$1,970,857
Assessed 2024
Previous assessed
$1,970,857
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$799,223
Assessed improvement
$1,171,634
Applied tax rate
3.0000
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
0.66 ac (28,700 SF)
Zoning code
R4
APN
052-071-028
UPID
US09-0989313
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
R4 · San Luis Obispo, CA
Zoning R4 · permitted uses
R4 · San Luis Obispo, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
San Luis Obispo. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
0.66 ac
Current owner
From public records · entity-resolved
Slo Ride 1236 LLC
Entity
Mailing address
PO BOX 4616, SANTA CLARA, CA 95056-4616
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 12, 2025
$6,100,000
Slo Ride 1236 LLC
Michael J Ernst
Grant Deed
$3,125,000 · Citizens Business Bank
Feb 11, 2021
—
Michael J Ernst
Michael J Ernst
Intrafamily Transfer
related
—
Jun 3, 1999
$1,295,000
Michael J Ernst
Mathias,edward M & Ann J
Grant Deed
$600,000 · Valley Oaks Financial
Aug 5, 1997
—
Edward M Mathias
Gordon,kirby K & Jill S
Grant Deed
related
—
Feb 24, 1993
$1,100,000
Kirby K Gordon
Himovitz,roger
Grant Deed
$700,000 · Los Padres Savings Bank
—
—
Kirby K Gordon
—
Deed Of Trust
related
$190,000 · Individual
—
—
Michael J Ernst
—
Deed Of Trust
related
$1,475,000 · Citibank West Fsb
—
—
Edward M Mathias
—
Deed Of Trust
related
$700,000 · Polin 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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