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Property profile & analytics
OFF-MARKET
Estimated value
$1,690,000
Apartment buildings
1413 Del Monte Ave Salinas, CA 93905-1957
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US09-2808073
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Construction
WOOD
Total area
9,232 SF
Lot
1.07 ac (46,697 SF)
APN
004-461-023-000
UPID
US09-2808073
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
$2.29M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.69M
Owner & transaction history
Gloria M Clinton · 2 yrs held
Gloria M Clinton
since 2024
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 Salinas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Salinas 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%
$2,475,000
6.5%
$2,285,000
7%
$2,120,000
Blend value · Realmo final
$1.69M
Range $1.52M – $1.86M · ±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
$183 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$20,101
Tax year 2023
Assessed value
$1,476,015
Assessed 2023
Previous assessed
$1,476,015
+0.0% YoY
Effective rate
1.36%
On assessed value
Assessed land
$414,187
Assessed improvement
$1,061,828
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 (100+ UNITS)
Status
Off-Market
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Stories
2
Units
1
Total area
9,232 SF
Lot
1.07 ac (46,697 SF)
APN
004-461-023-000
UPID
US09-2808073
Jurisdiction
MONTEREY
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
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Stories
2
Units
1
Lot
1.07 ac
Current owner
From public records · entity-resolved
Gloria M Clinton
Individual
Mailing address
29 SANTA ANA DR, SALINAS, CA 93901-4135
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
Apr 29, 2024
—
Gloria M Clinton
Gloria Clinton
Intrafamily Transfer
related
$348,502 · 1st Capital Bank
Dec 27, 2022
—
Susan C Schwefel
Susan C Schwefel
Intrafamily Transfer
related
—
May 24, 2021
—
Susan C Schwefel
Liza D Horvath
Grant Deed
—
Apr 14, 2016
$235,000
Brigantino,t & C Living Trust
Hoss Peter T & P K Trust
Grant Deed
—
Apr 14, 2016
—
Peter T Hoss
Hoss,patti K
Affidavit Of Death
related
—
Dec 31, 2015
—
Hamerly Trust
Del Monte Partners
Grant Deed
—
Apr 25, 2008
—
Del Monte Partners
Del Monte Partners
Grant Deed
related
$495,000 · Citibank NA
—
—
Partne Del Monte
—
Deed Of Trust
related
$634,000 · Household Bank
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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