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Property profile & analytics
OFF-MARKET
Estimated value
$6,435,000
Apartment buildings
16945 Roberts Rd Los Gatos, CA 95032-4551
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0152207
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1969
Construction
WOOD
Total area
24,574 SF
Lot
1.11 ac (48,352 SF)
Zoning code
RM512
APN
529-16-068
UPID
US09-0152207
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
-
Red Branch Apartments Apartment Complex
-
Lagoon Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.19M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.44M
Owner & transaction history
Indooroopilly LLC · 8 yrs held
Indooroopilly LLC
since 2018
7 recorded transactions
Zoning & alternative use
RM512 · Los Gatos, 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 Gatos submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Los Gatos 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%
$7,785,000
6.5%
$7,185,000
7%
$6,675,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$10,210,000
Current use
WAREHOUSE, STORAGE
$8,735,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$6.44M
Range $5.79M – $7.08M · ±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
$262 / 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
$178,518
Tax year 2024
Assessed value
$14,650,107
Assessed 2024
Previous assessed
$14,650,107
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$10,787,067
Assessed improvement
$3,863,040
Applied tax rate
3.0000
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
1969
Construction
WOOD
Heating
NONE
Cooling
NONE
Stories
2
Units
24
Total area
24,574 SF
Lot
1.11 ac (48,352 SF)
Zoning code
RM512
APN
529-16-068
UPID
US09-0152207
Jurisdiction
SANTA CLARA
Zoning & alternative use
RM512 · Los Gatos, CA
Zoning RM512 · permitted uses
RM512 · Los Gatos, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Los Gatos. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$10.2M
WAREHOUSE, STORAGE
Est. value
$8.7M
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
1969
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Units
24
Lot
1.11 ac
Current owner
From public records · entity-resolved
Indooroopilly LLC
Entity
Mailing address
66 ELLENWOOD AVE, LOS GATOS, CA 95030-5218
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 19, 2023
—
Indooroopilly LLC
—
Deed
related
$6,000,000 · First Republic Bank
May 2, 2018
$7,600,000
Indooroopilly LLC
Red Branch Partners LLC
Grant Deed
$5,893,000 · Deutsche Bk Tr #2013-k30 (ce)
Jan 18, 2013
—
Red Branch Partners LLC
Rire Roberts LLC
Grant Deed
—
Oct 12, 2011
$5,850,000
Rire Roberts LLC
Maggetti Properties
Grant Deed
—
Apr 28, 2005
$4,990,000
Maggetti Properties
Bela Kraus
Grant Deed
$2,750,000 · Luther Burbank Savings
Apr 28, 2005
—
Shirley B Kraus
Hurwitz,gerson S
Quit Claim Deed
related
—
Jan 30, 2004
—
Angela R Kraus
Kraus,tr
Quit Claim Deed
related
—
Jan 26, 2004
—
Angela R Kraus
Kraus,tr
Quit Claim Deed
related
—
Mar 19, 1999
—
Kraus Trust
Kraus,bela & Anna
Quit Claim Deed
related
—
Feb 27, 1997
—
Kraus Trust
Kraus,bela & Anna
Quit Claim Deed
related
—
Sep 13, 1996
—
Angela R Kraus
Kraus,bela & Anna
Quit Claim Deed
related
—
—
—
Kraus Bela And Anna Trustee
—
Deed Of Trust
related
$515,000 · American Savings 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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