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Property profile & analytics
OFF-MARKET
Apartment buildings
172 Ocean Vw Ave Pismo Beach, CA 93449-2677
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-4887625
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1928
Construction
WOOD
Total area
273 SF
Lot
0.22 ac (9,800 SF)
Zoning code
R3
APN
005-161-004
UPID
US09-4887625
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Pismo Cove LLC
Pismo Cove LLC
since 2026
Last sale
$2.6M
7 recorded transactions
Zoning & alternative use
R3 · Pismo Beach, 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 Pismo Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pismo Beach 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$27,056
Tax year 2024
Assessed value
$2,449,698
Assessed 2024
Previous assessed
$2,449,698
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$2,318,356
Assessed improvement
$131,342
Applied tax rate
4.0000
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
1928
Construction
WOOD
Heating
NONE
Buildings
4
Rooms
2
Bathrooms
1
Total area
273 SF
Lot
0.22 ac (9,800 SF)
Zoning code
R3
APN
005-161-004
UPID
US09-4887625
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
R3 · Pismo Beach, CA
Zoning R3 · permitted uses
R3 · Pismo Beach, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pismo Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1928
Construction
WOOD
Heating
NONE
Buildings
4
Rooms
2
Bathrooms
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
Pismo Cove LLC
Entity
Mailing address
1311 TIANA PL, SANTA YNEZ, CA 93460-9608
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 9, 2026
$2,640,000
Pismo Cove LLC
Santa Barbara Trinity Investments L
Grant Deed
—
Nov 21, 2006
—
Santa Barbara Trinity Invs LLC
Adams Of Boland Family Trust
Grant Deed
$990,000 · Santa Barbara Bank & Trust
Jul 9, 2004
—
Adams Of Boland Family Trust
Adams,scott E
Quit Claim Deed
related
$150,000 · San Luis Trust Bank
Jun 25, 2004
$1,550,000
Scott E Adams
Williams,tr
Grant Deed
$1,162,500 · First Bank San Luis Obispo
Jun 25, 2004
—
Scott E Adams
Boland,kathy J
Grant Deed
related
—
—
—
Santa Barbara Trinity Invs LLC
—
Deed Of Trust
related
$350,000 · Battaglia Richard J Trust
—
—
Curtis Williams
—
Deed Of Trust
related
$357,000 · San Francisco Federal S & L
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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