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Property profile & analytics
OFF-MARKET
Estimated value
$1,080,000
Apartment buildings
140 Riverside Ave 1, Ben Lomond, CA 95005-9557
Individually Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-2951844
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1921
Construction
WOOD
Total area
2,650 SF
Lot
0.33 ac (14,505 SF)
Zoning code
R-1-15
APN
077-172-05
UPID
US10-2951844
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
$1.05M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.08M
Owner & transaction history
Masood Madani · 9 yrs held
Masood Madani
since 2016
7 recorded transactions
Zoning & alternative use
R-1-15 · Ben Lomond, 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 Ben Lomond submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ben Lomond 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%
$1,135,000
6.5%
$1,050,000
7%
$975,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,660,000
Change: -13% · Conversion: Moderate
Blend value · Realmo final
$1.08M
Range $972k – $1.19M · ±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
$408 / 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
$13,874
Tax year 2024
Assessed value
$1,137,830
Assessed 2024
Previous assessed
$1,137,830
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$836,305
Assessed improvement
$301,525
Applied tax rate
90.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1921
Construction
WOOD
Heating
YES
Stories
1
Units
6
Rooms
16
Bathrooms
6
Total area
2,650 SF
Lot
0.33 ac (14,505 SF)
Zoning code
R-1-15
APN
077-172-05
UPID
US10-2951844
Jurisdiction
SANTA CRUZ
Zoning & alternative use
R-1-15 · Ben Lomond, CA
Zoning R-1-15 · permitted uses
R-1-15 · Ben Lomond, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ben Lomond. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$1.7M
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1921
Construction
WOOD
Heating
YES
Stories
1
Units
6
Rooms
16
Bathrooms
6
Lot
0.33 ac
Current owner
From public records · entity-resolved
Masood Madani
Individual
Mailing address
325 SUNNYCROFT RD, BEN LOMOND, CA 95005-9764
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 6, 2016
$1,000,000
Masood Madani
Kersten,dale & Jennifer
Grant Deed
$590,000 · Bank Of The West
Oct 22, 2004
$780,000
Dale Kersten
Pitzer,stephen E
Grant Deed
$658,750 · Stephen E Pitzer
Mar 8, 1999
$335,000
Pitzer,stephen E
Price,james P
Trustees Deed
—
Mar 8, 1999
—
Pitzer,stephen E
Hinsen,karin
Trustees Deed
$110,000 · Walter W Silberman Ppsp
Oct 11, 1996
—
Liebenthal Trust
Liebbenthal,timothy W & Cynthia
Quit Claim Deed
related
—
Jun 23, 1995
$35,000
James P Price
Price,james P
Grant Deed
related
$221,000 · Individual
Sep 2, 1992
$349,045
James P Price II
Sessa,gregory
Grant Deed
—
—
—
James Price
—
Deed Of Trust
related
$7,000 · Individual
—
—
James P Price
—
Deed Of Trust
related
$2,100 · Individual
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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