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Property profile & analytics
OFF-MARKET
Estimated value
$3,245,000
Apartment buildings
1675 Milpitas Blvd Milpitas, CA 95035-6688
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-5360984
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1983
Construction
TILT-UP CONCRETE
Total area
239,340 SF
Lot
2.32 ac (101,059 SF)
Zoning code
M2
APN
092-08-077
UPID
US09-5360984
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
Current use
Occupant on record · Public records
-
Lantana at Milpitas Station Apartments Real Estate Agency
-
Lantana at Milpitas Station Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.64M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.25M
Owner & transaction history
S&b Milpitas Company LLC · 2 yrs held
S&b Milpitas Company LLC
since 2023
Last sale
$3.2M
7 recorded transactions
Zoning & alternative use
M2 · Milpitas, 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 Milpitas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Milpitas 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
$3,050,000
ML approach
$3,640,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.25M
Range $2.92M – $3.57M · ±10% · vs last sale $3.15M (Nov 8 2023)
Last sale anchor
$3.15M
Nov 8 2023
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
$14 / 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
$1,573,626
Tax year 2024
Assessed value
$112,220,846
Assessed 2024
Previous assessed
$112,220,846
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$4,032,506
Assessed improvement
$108,188,340
Applied tax rate
12.0000
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
1983
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
NONE
Stories
1
Units
216
Total area
239,340 SF
Lot
2.32 ac (101,059 SF)
Zoning code
M2
APN
092-08-077
UPID
US09-5360984
Jurisdiction
SANTA CLARA
Zoning & alternative use
M2 · Milpitas, CA
Zoning M2 · permitted uses
M2 · Milpitas, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Milpitas. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1983
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Units
216
Lot
2.32 ac
Current owner
From public records · entity-resolved
S&b Milpitas Company LLC
Entity
Mailing address
555 UNIVERSITY AVE, PALO ALTO, CA 94301-1911
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Nov 8, 2023
—
S&b Milpitas Company LLC
S & B Milpitas LLC
Intrafamily Transfer
related
$68,000,000 · Forethought Life Insurance Company
May 31, 2019
—
S & B Milpitas LLC
—
Trustees Deed
related
$57,000,000 · Us Bk
Apr 27, 2007
$6,600,000
S & B Milpitas LLC
Saini,jaswinder S & Surinder K
Grant Deed
$4,300,000 · Greenpoint Mortgage Funding
Jun 4, 1996
$3,150,000
Jaswinder S Saini
Downs,howard
Grant Deed
$2,200,000 · Bank Of America
—
—
S & B Milpitas LLC
—
Deed Of Trust
related
$450,000 · Jaswinder S Saini
—
—
Jaswinder S Saini
—
Deed Of Trust
related
$4,020,000 · Comerica Bank California
—
—
Jaswinder S Saini
—
Deed Of Trust
related
$2,750,000 · Heritage Bank Of Commerce
—
—
Jaswinder S Saini
—
Deed Of Trust
related
$3,000,000 · Fremont Bank
—
—
Jaswinder S Saini
—
Deed Of Trust
related
$200,000 · Heritage Bank Of Commerce
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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