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Property profile & analytics
OFF-MARKET
Estimated value
$940,000
Apartment buildings
1905 Wharf Rd A, Capitola, CA 95010-2656
Entity Owned
17-yr Hold
Free & Clear
Property ID
US09-1866950
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1977
Construction
WOOD
Total area
3,698 SF
Lot
1.3 ac (56,672 SF)
APN
034-011-57
UPID
US09-1866950
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
-
Capitola Cove Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$580k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$781k
Blend (final)
Blend
$940k
Owner & transaction history
Ehm Properties LLC · 17 yrs held
Ehm Properties LLC
since 2009
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
by Request
ML approach
$580,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$940k
Range $846k – $1.03M · ±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
$254 / 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
$43,563
Tax year 2024
Assessed value
$2,543,751
Assessed 2024
Previous assessed
$2,543,751
+0.0% YoY
Effective rate
1.71%
On assessed value
Assessed land
$294,116
Assessed improvement
$2,249,635
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
1977
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Units
3
Rooms
9
Bathrooms
3
Total area
3,698 SF
Lot
1.3 ac (56,672 SF)
APN
034-011-57
UPID
US09-1866950
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
Building & site characteristics
From public records
Year built
1977
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Units
3
Rooms
9
Bathrooms
3
Lot
1.3 ac
Current owner
From public records · entity-resolved
Ehm Properties LLC
Entity
Free & Clear · 17 yrs held
Mailing address
PO BOX 1400, CAPITOLA, CA 95010-1400
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 17, 2009
—
Ehm Properties LLC
Russo Ray A
Grant Deed
—
Oct 15, 1993
—
Ray A Russo
Apple River & Co
Grant Deed
related
—
Aug 15, 1990
$54,000
Coakley,h John &
Groom,douglas C
Trustees Deed
—
Mar 2, 1990
$66,000
Starker Services
Kapinos,john
Trustees Deed
related
—
Mar 2, 1990
—
Coakley,h John &
Borrego,charlie
Trustees Deed
related
—
Mar 2, 1990
$26,500
Noon,lawrence B
Starker,services
Trustees Deed
related
$2,020,000 · World Savings & Loan
Mar 2, 1990
$1,310,500
Coakley,h John &
Borrego,charlie
Trustees Deed
related
—
Mar 2, 1990
$205,500
Borrego,charlie
Stasch,ronald C
Trustees Deed
related
—
Mar 2, 1990
$136,500
Soquel Equities
Cooper,ted H
Trustees Deed
related
—
Mar 2, 1990
$40,500
Equity Preservat
Storms,sharon
Trustees Deed
related
—
Mar 2, 1990
$66,500
Starker Services
Pallas,frank
Trustees Deed
related
—
Mar 2, 1990
$100,000
Bechthold,jolyne
Mcmains,kristina
Trustees Deed
related
—
Mar 2, 1990
$370,000
Coakley,h John &
Starker,services
Trustees Deed
related
—
Mar 2, 1990
$201,000
Equity Preservat
Storms,sharon
Trustees Deed
related
—
Mar 2, 1990
$100,500
Equity Preservat
Storms,sharon
Trustees Deed
related
—
—
—
Coakley H John
—
Deed Of Trust
related
$110,000 · Grange & Wimbled
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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