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Property profile & analytics
OFF-MARKET
Estimated value
$1,835,000
Apartment buildings
1540 Miramonte Ave Ste 100 Los Altos, CA 94024-6065
Entity Owned
9-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2978149
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2020
Total area
6,356 SF
Lot
0.31 ac (13,400 SF)
Zoning code
CN
APN
189-15-085
UPID
US09-2978149
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
$1.86M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.84M
Owner & transaction history
Pos Group Miramonte LLC · 9 yrs held
Pos Group Miramonte LLC
since 2017
6 recorded transactions
Zoning & alternative use
CN · Los Altos, 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 Altos submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Los Altos 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%
$2,015,000
6.5%
$1,860,000
7%
$1,725,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,655,000
Current use
WAREHOUSE, STORAGE
$2,260,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$1.84M
Range $1.65M – $2.02M · ±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
$289 / 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
$47,633
Tax year 2024
Assessed value
$4,049,208
Assessed 2024
Previous assessed
$4,049,208
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$2,332,548
Assessed improvement
$1,716,660
Applied tax rate
11.0000
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
2020
Heating
NONE
Stories
2
Units
4
Total area
6,356 SF
Lot
0.31 ac (13,400 SF)
Zoning code
CN
APN
189-15-085
UPID
US09-2978149
Jurisdiction
SANTA CLARA
Zoning & alternative use
CN · Los Altos, CA
Zoning CN · permitted uses
CN · Los Altos, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Los Altos. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.7M
WAREHOUSE, STORAGE
Est. value
$2.3M
APARTMENT HOUSE (5+ UNITS) Current
WAREHOUSE, STORAGE
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
2020
Heating
NONE
Stories
2
Units
4
Lot
0.31 ac
Current owner
From public records · entity-resolved
Pos Group Miramonte LLC
Entity
Free & Clear · 9 yrs held
Mailing address
1037 ELM ST, SAN CARLOS, CA 94070-3823
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 7, 2017
—
Pos Group Miramonte LLC
—
Trustees Deed
related
$2,800,000 · Western Alliance Bk
Feb 7, 2017
$2,050,000
Pos Group Miramonte LLC
Fullspeed Investments LLC
Grant Deed
—
Apr 21, 2016
—
Fullspeed Investments LLC
—
Trustees Deed
related
$2,130,000 · Western Alliance Bk
Apr 12, 2016
—
Fullspeed Investments LLC
Shaw Gail H Living Trust
Grant Deed
—
Feb 4, 2002
—
Shaw Trust
Shaw,gail H
Quit Claim Deed
related
—
—
—
Gail Shaw
—
Deed Of Trust
related
$20,000 · 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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