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Property profile & analytics
OFF-MARKET
Estimated value
$6,635,000
Apartment buildings
1901 Montecito Ave Mountain View, CA 94043-4313
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US09-3167584
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1962
Construction
WOOD
Total area
38,418 SF
Lot
2.55 ac (111,247 SF)
Zoning code
R3-22
APN
150-08-051
UPID
US09-3167584
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
-
Monte Sierra Apartments Apartment Complex
-
Housing Network Enterprises, Inc. Home Page Property Management Company
-
Housing Network- Monte Sierra & Stanford Garden Apartments Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.64M
Owner & transaction history
1901 Montecito LLC · 7 yrs held
1901 Montecito LLC
since 2018
7 recorded transactions
Zoning & alternative use
R3-22 · Mountain View, 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 Mountain View submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mountain View 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
$173 / 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 2022Property tax & assessments
Tax year 2022
Assessed value
$2,664,181
Assessed 2023
Previous assessed
$2,611,943
+2.0% YoY
Assessed land
$645,100
Assessed improvement
$2,019,081
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
1962
Construction
WOOD
Heating
NONE
Cooling
NONE
Stories
1
Units
76
Total area
38,418 SF
Lot
2.55 ac (111,247 SF)
Zoning code
R3-22
APN
150-08-051
UPID
US09-3167584
Jurisdiction
SANTA CLARA
Zoning & alternative use
R3-22 · Mountain View, CA
Zoning R3-22 · permitted uses
R3-22 · Mountain View, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mountain View. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1962
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Units
76
Lot
2.55 ac
Current owner
From public records · entity-resolved
1901 Montecito LLC
Entity
Mailing address
4966 EL CAMINO REAL STE #206, LOS ALTOS, CA 94022-1458
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 14, 2018
—
1901 Montecito LLC
1901 Montecito LLC
Quit Claim Deed
related
—
Jul 27, 2017
—
1901 Montecito LLC
—
Deed
related
$15,438,000 · Hunt Mtg Cap LLC
Jul 13, 2017
—
1901 Montecito LLC
Malek Family Real Estate LLC
Quit Claim Deed
related
—
Mar 9, 2015
—
Malek Family R & E LLC
Monte Sierra Apts LLC
Quit Claim Deed
—
Nov 22, 2013
—
Malek Family Real Estate LLC
Maleksalehi N & M Trust
Quit Claim Deed
—
Jul 17, 2013
—
Monte Sierra Apartments LLC
Malek Family Real Estate LLC
Quit Claim Deed
—
Jul 31, 2008
—
Nemat Maleksalehi
Malek,matt & Maryam
Quit Claim Deed
related
—
Dec 31, 1997
—
Matt Malek
Malek,matt
Quit Claim Deed
related
$3,440,000 · Morgan Guaranty Trust Co Ny
Sep 1, 1993
—
Nemat Maleksalehi
Maleksalehi,nema
Quit Claim Deed
related
—
—
—
Maleksalehi Nema
—
Deed Of Trust
related
$2,500,000 · World Savings & Loan
—
—
1901 Montecito LLC
—
Deed Of Trust
related
$15,438,000 · Hunt Mtg Cap LLC
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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