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Property profile & analytics
OFF-MARKET
Estimated value
$3,615,000
Apartment buildings
205 Milbrae Ln Los Gatos, CA 95032-7382
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2515102
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1958
Construction
WOOD
Total area
5,472 SF
Lot
0.28 ac (12,000 SF)
Zoning code
RM520
APN
529-08-035
UPID
US09-2515102
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
$3.47M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.52M
Blend (final)
Blend
$3.62M
Owner & transaction history
St Jean Ca LLC · 5 yrs held
St Jean Ca LLC
since 2021
Last sale
$3.8M
7 recorded transactions
Zoning & alternative use
RM520 · Los Gatos, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$5.6M
+147.3%
Retail stores
$3.1M
+37.4%
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 Los Gatos submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Los Gatos 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
$3,480,000
ML approach
$3,470,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,275,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$5,625,000
Change: +147% · Conversion: Difficult
RETAIL STORES
$3,125,000
Change: +37% · Conversion: Difficult
Blend value · Realmo final
$3.62M
Range $3.25M – $3.98M · ±10% · vs last sale $3.80M (Mar 8 2021)
Last sale anchor
$3.80M
Mar 8 2021
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
$661 / 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
$50,391
Tax year 2024
Assessed value
$4,032,589
Assessed 2024
Previous assessed
$4,032,589
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$1,697,932
Assessed improvement
$2,334,657
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
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
1958
Construction
WOOD
Heating
NONE
Cooling
NONE
Stories
2
Units
8
Total area
5,472 SF
Lot
0.28 ac (12,000 SF)
Zoning code
RM520
APN
529-08-035
UPID
US09-2515102
Jurisdiction
SANTA CLARA
Zoning & alternative use
RM520 · Los Gatos, CA
Zoning RM520 · permitted uses
RM520 · Los Gatos, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Los Gatos. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.6M
RETAIL STORES
Est. value
$3.1M
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1958
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Units
8
Lot
0.28 ac
Current owner
From public records · entity-resolved
St Jean Ca LLC
Entity
Mailing address
1212 WILLO MAR DR, SAN JOSE, CA 95118-1245
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 8, 2021
$3,800,000
St Jean Ca LLC
Christopher A Trapani
Grant Deed
$1,000,000 · Western Alliance Bank
Mar 8, 2021
—
Christopher A Trapani
Kirsten M Trapani
Intrafamily Transfer
related
—
Feb 24, 2021
$957,000
Trapani Marko JR
David M Trapani
Grant Deed
—
Feb 23, 2021
$2,871,000
Christopher A Trapani
Trapani Properties Lg LLC
Grant Deed
—
Feb 22, 2021
$3,000,000
Marko J Trapani JR
Trapani Properties Lg LLC
Grant Deed
—
Feb 22, 2021
$750,000
Trapani Properties Lg LLC
Marko J Trapani JR
Grant Deed
—
Dec 16, 2019
—
Trapani Properties Lg LLC
—
Deed
related
$1,850,000 · Western Alliance Bk
Oct 14, 2016
—
Trapani Properties Lg LLC
—
Deed
related
$1,250,000 · Western Alliance Bank
Jan 31, 2011
$1,613,000
Trapani Properties Lg LLC
Chan,maureen
Grant Deed
—
Nov 12, 1998
$5,000
Maureen Chan
Chan,yin Y & Maureen
Grant Deed
related
$500,000 · World Savings Bank
—
—
Trapani Properties Lg LLC
—
Loan Modification
related
$1,850,000 · Western Alliance Bk
—
—
Michael Lucich
—
Deed Of Trust
related
$402,386 · Serafina N Diaz
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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