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Property profile & analytics
OFF-MARKET
Estimated value
$3,520,000
Apartment buildings
1265 Montecito Ave Mountain View, CA 94043-4506
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3216879
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1978
Construction
WOOD
Total area
13,200 SF
Lot
1.06 ac (46,101 SF)
Zoning code
R4
APN
150-26-004
UPID
US09-3216879
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
-
Tai Y. Kim, DC Alternative Medicine Practice
-
Devlin Lisa M DC Alternative Medicine Practice
-
Kim Taylor DC Alternative Medicine Practice
-
Commercial Lending Somerville MA Loan Service Bank
-
Dura Art Stone Art Gallery
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.86M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.52M
Owner & transaction history
County Of Santa Clara · 2 yrs held
County Of Santa Clara
since 2024
6 recorded transactions
Zoning & alternative use
R4 · Mountain View, 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 Mountain View submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mountain View 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,180,000
6.5%
$3,860,000
7%
$3,585,000
Blend value · Realmo final
$3.52M
Range $3.17M – $3.87M · ±10%
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
$267 / 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
$119,877
Tax year 2024
Assessed value
$10,185,918
Assessed 2024
Previous assessed
$10,185,918
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$10,185,918
Applied tax rate
5.0000
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
NONE
Cooling
YES
Stories
2
Units
85
Total area
13,200 SF
Lot
1.06 ac (46,101 SF)
Zoning code
R4
APN
150-26-004
UPID
US09-3216879
Jurisdiction
SANTA CLARA
Zoning & alternative use
R4 · Mountain View, CA
Zoning R4 · permitted uses
R4 · Mountain View, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mountain View. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1978
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Units
85
Lot
1.06 ac
Current owner
From public records · entity-resolved
County Of Santa Clara
Entity
Mailing address
2310 N 1ST ST, SAN JOSE, CA 95131-1040
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 7, 2024
—
Montecito LP
—
Deed
related
$8,500,000 · County Of Santa Clara
Feb 5, 2024
—
County Of Santa Clara
Montecito LP
Grant Deed
—
Jun 28, 2023
—
Montecito LP
—
Deed
related
$12,000,000 · County Of Santa Clara
Jul 5, 2022
—
Montecito LP
—
Deed
related
$1,300,000 · City Of Mountain View
Jan 7, 2020
$9,500,000
Montecito LP
Ferrari Brothers LP
Grant Deed
$1,045,000 · Housing Trust Silicon Valley
Apr 16, 2010
—
Ferrari Family Trust
Ferrari,bruno
Quit Claim 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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