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Property profile & analytics
OFF-MARKET
Estimated value
$1,285,000
Apartment buildings
135 Ferrini Rd 1 San Luis Obispo, CA 93405-1265
Entity Owned
8-yr Hold
Absentee Owner
Property ID
US09-0686302
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2018
Construction
WOOD
Total area
6,604 SF
Lot
0.19 ac (8,100 SF)
Zoning code
R4
APN
052-032-047
UPID
US09-0686302
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
$1.29M
Owner & transaction history
Ferrini Dev LLC · 8 yrs held
Ferrini Dev LLC
since 2017
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
$195 / 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
$21,763
Tax year 2024
Assessed value
$1,921,678
Assessed 2024
Previous assessed
$1,921,678
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$718,670
Assessed improvement
$1,203,008
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
Year built
2018
Construction
WOOD
Heating
YES
Stories
1
Rooms
4
Bathrooms
12
Total area
6,604 SF
Lot
0.19 ac (8,100 SF)
Zoning code
R4
APN
052-032-047
UPID
US09-0686302
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
R4 · San Luis Obispo, CAZoning 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
Building & site characteristics
From public records
Year built
2018
Construction
WOOD
Heating
YES
Stories
1
Rooms
4
Bathrooms
12
Lot
0.19 ac
Current owner
From public records · entity-resolved
Ferrini Dev LLC
Entity
Mailing address
9275 N 40TH RD, ATASCADERO, CA 93422-6635
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2018
—
Ferrini Dev LLC
—
Deed
related
$1,950,000 · Coasthills Cu
Oct 26, 2017
—
Ferrini Dev LLC
—
Trustees Deed
related
$1,950,000 · Coasthills Cu
Oct 19, 2017
—
Ferrini Dev LLC
Missler,james & Dorothy
Quit Claim Deed
—
Sep 15, 2015
$650,000
James Missler
Kirkpatrick Mary G Trust
Grant Deed
$487,500 · Rabobank
Apr 3, 2003
—
Kirkpatrick,tr
Kirkpatrick,mary W
Quit Claim Deed
related
—
Jan 6, 2000
—
Mary W Kirkpatrick
Kirkpatrick,richard C
Quit Claim Deed
related
—
Jan 6, 2000
$235,000
Kirkpatrick,mary W
Lesage Trust
Trustees Deed
—
Sep 5, 1989
$40,000
Melvin R Jones
Green,jack G
Grant Deed
—
—
—
Sage Douglas M Le
—
Deed Of Trust
related
$51,500 · Home Savings Of America
—
—
Ferrini Dev LLC
—
Deed Of Trust
related
$1,950,000 · Coasthills Cu
—
—
Ferrini Dev LLC
—
Deed Of Trust
related
$1,950,000 · Coasthills Cu
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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