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Property profile & analytics
OFF-MARKET
Estimated value
$1,725,000
Apartment buildings
137 Clay St Santa Cruz, CA 95060-7200
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0982780
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1924
Construction
WOOD
Total area
1,280 SF
Lot
0.19 ac (8,102 SF)
APN
007-402-10
UPID
US09-0982780
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
$1.73M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.15M
Blend (final)
Blend
$1.73M
Owner & transaction history
Sofie Villas LLC · 1 yrs held
Sofie Villas LLC
since 2024
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
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 Santa Cruz submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Santa Cruz 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
$1,725,000
ML approach
$1,725,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.73M
Range $1.55M – $1.90M · ±10% · vs last sale $1.73M (Aug 30 2024)
Last sale anchor
$1.73M
Aug 30 2024
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
$1,348 / 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
$15,588
Tax year 2024
Assessed value
$1,355,028
Assessed 2024
Previous assessed
$1,355,028
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$883,714
Assessed improvement
$471,314
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
1924
Construction
WOOD
Heating
CENTRAL
Stories
2
Units
1
Bathrooms
1
Total area
1,280 SF
Lot
0.19 ac (8,102 SF)
APN
007-402-10
UPID
US09-0982780
Jurisdiction
SANTA CRUZ
Zoning & alternative use
Zoning · permitted uses
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
1924
Construction
WOOD
Heating
CENTRAL
Stories
2
Units
1
Bathrooms
1
Lot
0.19 ac
Current owner
From public records · entity-resolved
Sofie Villas LLC
Entity
Mailing address
3242 S NATHAN CT, FREMONT, CA 94539-5026
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2024
$1,725,000
Sofie Villas LLC
Joann Wanless
Grant Deed
—
Jan 7, 2015
$1,150,000
Young,michael G Living Trust
Belli Val & M Liv Trust
Grant Deed
—
Jul 17, 2002
—
Belli Trust
Belli,val J & Mary J
Quit Claim Deed
related
—
May 22, 2000
$640,000
Val J Belli
G R Forest Dc Chiropractic Psp
Grant Deed
$512,000 · Seller
Sep 25, 1997
$435,000
Forest Trust
Shower,john A & Martha L
Grant Deed
—
—
—
Shower John A
—
Deed Of Trust
related
$10,000 · Individual
—
—
John A Shower
—
Deed Of Trust
related
$265,000 · American Savings Bank
—
—
Belli,tr
—
Deed Of Trust
related
$555,000 · Washington Mutual Fsb
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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