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Property profile & analytics
OFF-MARKET
Estimated value
$3,550,000
Turn key restaurants
1365 2nd St Los Osos, CA 93402-1111
Individually Owned
3-yr Hold
Free & Clear
Property ID
US09-1362099
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1961
Construction
WOOD
Total area
1,889 SF
Lot
0.34 ac (15,000 SF)
Zoning code
CR
APN
038-181-023
UPID
US09-1362099
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
$3.51M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.55M
Owner & transaction history
Carl D Johnson · 3 yrs held
Carl D Johnson
since 2022
Last sale
$4.6M
7 recorded transactions
Zoning & alternative use
CR · Los Osos, 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 Los Osos submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Los Osos 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
$3,470,000
ML approach
$3,505,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.55M
Range $3.20M – $3.91M · ±10% · vs last sale $4.64M (Dec 23 2022)
Last sale anchor
$4.64M
Dec 23 2022
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
$1,879 / 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
$20,636
Tax year 2024
Assessed value
$1,014,390
Assessed 2024
Previous assessed
$1,014,390
+0.0% YoY
Effective rate
2.03%
On assessed value
Assessed land
$624,240
Assessed improvement
$390,150
Applied tax rate
112.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1961
Construction
WOOD
Heating
NONE
Total area
1,889 SF
Lot
0.34 ac (15,000 SF)
Zoning code
CR
APN
038-181-023
UPID
US09-1362099
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
CR · Los Osos, CA
Zoning CR · permitted uses
CR · Los Osos, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Los Osos. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1961
Construction
WOOD
Heating
NONE
Lot
0.34 ac
Current owner
From public records · entity-resolved
Carl D Johnson
Individual
Free & Clear · 3 yrs held
Mailing address
PO BOX 910, GRANTS PASS, OR 97528-0076
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2022
—
Carl D Johnson
Carl D Johnson
Intrafamily Transfer
related
—
Apr 8, 2022
$4,640,000
Carl D Johnson
Sloland Investors LLC
Grant Deed
—
Feb 22, 2016
$800,000
Sloland Investors LLC
Baywood By The Bay LLC
Grant Deed
—
Dec 15, 2005
—
Baywood By The Bay LLC
Telford Clare N Trust
Grant Deed
—
Jul 1, 2004
—
Telford,tr
Telford,james G
Quit Claim Deed
related
—
Feb 27, 2001
$435,000
Telford Trust
1365 Second Street
Grant Deed
—
Feb 19, 1999
—
Back Bay Partners
1365 Second Street
Quit Claim Deed
related
—
Sep 16, 1991
$15,500
1365,second St
Davis,robert L
Trustees Deed
related
—
Sep 16, 1991
$85,000
1365,second St
Oroorr,jerry D
Trustees Deed
related
—
May 3, 1989
$76,500
Jerry D Orr
Campbell,gordon
Trustees Deed
—
May 3, 1989
$38,500
Jerry D Orr
Lee,patricia E
Grant Deed
$175,000
—
—
Second Street 1365
—
Deed Of Trust
related
$22,779 · Corr 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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