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Property profile & analytics
OFF-MARKET
Estimated value
$4,485,000
Apartment buildings
1880 46th Ave 4, Capitola, CA 95010-2643
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1169179
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1964
Construction
WOOD
Total area
7,813 SF
Lot
0.34 ac (14,723 SF)
APN
034-011-29
UPID
US09-1169179
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
$4.73M
CAP Approach
CAP
$3.10M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.49M
Owner & transaction history
Harkins Family LP · 5 yrs held
Harkins Family LP
since 2020
Last sale
$4.3M
7 recorded transactions
Zoning & alternative use
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 Capitola submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Capitola 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
$4,530,000
ML approach
$4,730,000
CAP Approach
CAP Return
Estimation
6%
$3,350,000
6.5%
$3,095,000
7%
$2,875,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$5,610,000
Current use
COMMERCIAL (GENERAL)
$4,895,000
Change: -13% · Conversion: Moderate
RESTAURANT
$4,685,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$4.49M
Range $4.04M – $4.93M · ±10% · vs last sale $4.34M (Jul 24 2020)
Last sale anchor
$4.34M
Jul 24 2020
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
$574 / 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
$59,993
Tax year 2024
Assessed value
$4,605,643
Assessed 2024
Previous assessed
$4,605,643
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$2,589,348
Assessed improvement
$2,016,295
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
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
1964
Construction
WOOD
Heating
NONE
Stories
2
Units
10
Total area
7,813 SF
Lot
0.34 ac (14,723 SF)
APN
034-011-29
UPID
US09-1169179
Jurisdiction
SANTA CRUZ
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$5.6M
COMMERCIAL (GENERAL)
Est. value
$4.9M
RESTAURANT
Est. value
$4.7M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
RESTAURANT
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
1964
Construction
WOOD
Heating
NONE
Stories
2
Units
10
Lot
0.34 ac
Current owner
From public records · entity-resolved
Harkins Family LP
Entity
Mailing address
2548 EMPIRE GRADE, SANTA CRUZ, CA 95060-9748
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 24, 2020
$4,340,000
Harkins Family LP
Sc Re LLC
Grant Deed
$100,000 · Mechanics Bank
Jun 4, 2020
—
Sc Re LLC
—
Deed
related
$2,300,000 · 1st Capital Bank
Dec 31, 2019
—
Sc Re LLC
—
Trustees Deed
related
$2,300,000 · Lighthouse Electronics INC
Jul 19, 2019
$3,175,000
Sc Re LLC
Retirement Pacific S P
Grant Deed
$2,025,000 · Lone Oak Fund
Jan 10, 2019
—
Retirement Pacific S P Trust
Retirement Pacific S P
Quit Claim Deed
related
—
Feb 13, 2003
—
Feinman,tr
Feinman,tr
Quit Claim Deed
related
—
May 8, 2001
—
Goldstein Dmd INC Trust
Goldstein Dmd INC Trust
Quit Claim Deed
related
$28,950 · Benjamin Trust
Oct 17, 1988
$700,000
Feinman,lewis & Judith Trustees
Unknown
Grant Deed
—
—
—
Pacific Sun Properties Trust
—
Deed Of Trust
related
$61,950 · Amy Garrett
—
—
Goldstein,trust
—
Deed Of Trust
related
$70,000 · 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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