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Property profile & analytics
OFF-MARKET
Estimated value
$3,500,000
Apartment buildings
1936 Alum Rock Ave San Jose, CA 95116-2003
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US09-3213002
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1956
Total area
2,400 SF
Lot
1.5 ac (65,340 SF)
Zoning code
MS-G
APN
481-19-003
UPID
US09-3213002
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
$3.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.50M
Owner & transaction history
1936 Alum Rock Ground Owner LP · 2 yrs held
1936 Alum Rock Ground Owner LP
since 2024
Last sale
$3.5M
7 recorded transactions
Zoning & alternative use
MS-G · San Jose, 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 San Jose submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Jose 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
$3,500,000
ML approach
$3,500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.50M
Range $3.15M – $3.85M · ±10% · vs last sale $3.50M (Jun 13 2024)
Last sale anchor
$3.50M
Jun 13 2024
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
$1,458 / 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 2023Property tax & assessments
Tax year 2023
Assessed value
$3,679,124
Assessed 2023
Previous assessed
$3,679,124
+0.0% YoY
Assessed land
$3,679,124
Applied tax rate
17.0000
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
1956
Heating
NONE
Total area
2,400 SF
Lot
1.5 ac (65,340 SF)
Zoning code
MS-G
APN
481-19-003
UPID
US09-3213002
Jurisdiction
SANTA CLARA
Zoning & alternative use
MS-G · San Jose, CA
Zoning MS-G · permitted uses
MS-G · San Jose, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
San Jose. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1956
Heating
NONE
Lot
1.5 ac
Current owner
From public records · entity-resolved
1936 Alum Rock Ground Owner LP
Entity
Mailing address
1114 AVE OF THE AMERICAS, NEW YORK, NY 10036-7703
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 13, 2024
$3,500,000
1936 Alum Rock Ground Owner LP
Pacific West Communities INC
Grant Deed
—
May 5, 2020
—
Pacific West Communities INC
—
Deed
related
$5,880,000 · Century Hsng
Dec 30, 2019
$3,500,000
Pacific West Communities INC
1936 Alum Rock Avenue LLC
Grant Deed
$2,880,000 · Century Hsng
Apr 21, 2017
$3,500,000
1936 Alum Rock Avenue LLC
Mijares,david G
Grant Deed
—
Sep 25, 2015
—
David G Mijares
Mijares Family Trust
Quit Claim Deed
related
—
Aug 25, 2015
—
David G Mijares
Mijares 1979 Trust
Quit Claim Deed
related
—
Aug 17, 2015
—
Mijares Family 1979 Trust
Farmers Supply
Quit Claim Deed
related
—
Aug 12, 2011
—
Farmers Supply
Mijares Family 1979 Trust
Quit Claim Deed
related
—
May 25, 2011
—
Mijares David G Tr
Boyd Virginia K
Grant Deed
related
—
Jun 9, 2005
—
Virginia K Boyd
Mijares,marian E
Affidavit Of Death
related
—
Nov 22, 2000
—
Mijares Trust
Mijares Trust
Quit Claim Deed
related
—
—
—
Tierra Encantada Dev LLC
—
Deed Of Trust
related
$556,000 · Northern Ca Community Loan
—
—
Pacific West Communities INC
—
Loan Modification
related
$5,880,000 · Century Hsng
—
—
Mijares Living Trust|mijares,patrick
—
Deed Of Trust
related
$125,000 · Virginia Boyd
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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