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Property profile & analytics
OFF-MARKET
Estimated value
$6,775,000
Apartment buildings
156 Laurel St Ventura, CA 93001-3074
Entity Owned
~
Est. High Equity
Property ID
US10-1472225
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1965
Total area
15,498 SF
Lot
0.45 ac (19,602 SF)
Zoning code
DR
APN
073-0-145-210
UPID
US10-1472225
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
$6.70M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.66M
Blend (final)
Blend
$6.78M
Owner & transaction history
Laurel Street Holdings LLC
Laurel Street Holdings LLC
since 2025
Last sale
$6.9M
5 recorded transactions
Zoning & alternative use
DR · Ventura, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.5M
+35.1%
Neighborhood: shopping center
$6.5M
+17.1%
Medical building
$5.9M
+6.3%
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 Ventura submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ventura 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
$6,700,000
ML approach
$6,700,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$5,545,000
Current use
RESTAURANT
$7,490,000
Change: +35% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$6,495,000
Change: +17% · Conversion: Difficult
MEDICAL BUILDING
$5,895,000
Change: +6% · Conversion: Moderate
AUTO REPAIR, GARAGE
$5,805,000
Change: +5% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,610,000
Change: +1% · Conversion: Moderate
OFFICE BUILDING
$4,995,000
Change: -10% · Conversion: Moderate
WAREHOUSE, STORAGE
$4,505,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$6.78M
Range $6.10M – $7.45M · ±10% · vs last sale $6.85M (Jul 24 2025)
Last sale anchor
$6.85M
Jul 24 2025
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
$437 / 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
$73,927
Tax year 2023
Assessed value
$6,846,650
Assessed 2024
Previous assessed
$6,700,000
+2.2% YoY
Effective rate
1.08%
On assessed value
Assessed land
$2,040,000
Assessed improvement
$4,806,650
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 (5+ UNITS)
Status
Off-Market
Year built
1965
Heating
NONE
Total area
15,498 SF
Lot
0.45 ac (19,602 SF)
Zoning code
DR
APN
073-0-145-210
UPID
US10-1472225
Jurisdiction
VENTURA
Zoning & alternative use
DR · Ventura, CA
Zoning DR · permitted uses
DR · Ventura, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ventura. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$5.5M
RESTAURANT
Est. value
$7.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.5M
MEDICAL BUILDING
Est. value
$5.9M
AUTO REPAIR, GARAGE
Est. value
$5.8M
COMMERCIAL (GENERAL)
Est. value
$5.6M
OFFICE BUILDING
Est. value
$5.0M
WAREHOUSE, STORAGE
Est. value
$4.5M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1965
Heating
NONE
Lot
0.45 ac
Current owner
From public records · entity-resolved
Laurel Street Holdings LLC
Entity
Mailing address
2396 LEXINGTON DR, VENTURA, CA 93003-2638
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 24, 2025
$6,850,000
Laurel Street Holdings LLC
Harold Anthony Solomon Revocable Tr
Grant Deed
$6,850,000 · Everbank NA
Jul 3, 2024
—
Harold Anthony Solomon
Harold Anthony Solomon
Intrafamily Transfer
related
$5,325,000 · Ctbc Bank Corp USA
Apr 9, 2024
—
Harold Anthony Solomon
Harold Anthony Solomon
Intrafamily Transfer
related
—
Dec 9, 2022
$6,700,000
Laurel Street Holdings LLC
Daniel L Manzer
Grant Deed
$5,000,000 · Fresno First Bank
Dec 9, 2022
—
Lisa Solomon
Harold A Solomon
Intrafamily Transfer
related
—
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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