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Property profile & analytics
OFF-MARKET
Apartment buildings
20824 Spence Rd A Salinas, CA 93908-9542
Entity Owned
3-yr Hold
Free & Clear
Property ID
US09-0139623
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1941
Construction
WOOD
Total area
1,104 SF
Lot
2 ac (87,120 SF)
APN
137-021-032-000
UPID
US09-0139623
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
-
Salinas Welding & Fabrication 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
by Request
Owner & transaction history
20824 Spence Road LLC · 3 yrs held
20824 Spence Road LLC
since 2023
Last sale
$247,000
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 Salinas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Salinas 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
—
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
Tax billed
$4,575
Tax year 2023
Assessed value
$304,027
Assessed 2023
Previous assessed
$304,027
+0.0% YoY
Effective rate
1.50%
On assessed value
Assessed land
$283,223
Assessed improvement
$20,804
Applied tax rate
51.0000
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
1941
Construction
WOOD
Heating
NONE
Buildings
6
Stories
1
Rooms
5
Bathrooms
1
Total area
1,104 SF
Lot
2 ac (87,120 SF)
APN
137-021-032-000
UPID
US09-0139623
Jurisdiction
MONTEREY
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
1941
Construction
WOOD
Heating
NONE
Stories
1
Buildings
6
Rooms
5
Bathrooms
1
Lot
2 ac
Current owner
From public records · entity-resolved
20824 Spence Road LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1172 S MAIN ST #372, SALINAS, CA 93901-2204
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 19, 2023
—
20824 Spence Road LLC
L Keith Slama
Intrafamily Transfer
related
—
Jul 28, 2021
—
L Keith Slama
—
Deed
related
$650,000 · Pacific Valley Bank
Aug 29, 2014
—
Slama Trust
Slama,keith & Jannette
Quit Claim Deed
related
—
Aug 24, 2010
$247,000
Keith Slama
Household Fin Corp Of Ca
Grant Deed
—
Jan 13, 2010
$181,684
Household Fin Corp Of Ca
Housekey Financial Corp
Trustees Deed
related
—
Jan 29, 2003
—
Gustavo Abril
Abril,anita
Quit Claim Deed
related
—
Jan 29, 2003
$28,500
Francisco J Gonzalez
Abril,gustavo
Grant Deed
$18,108 · Gustavo Abril
Oct 26, 2001
$127,500
Gustavo Abril
American Contractors Indemnity
Grant Deed
related
—
Sep 30, 1999
$127,284
American Contractors Indemnity
Gonzalez,francisco J
Trustees Deed
—
—
—
Francisco J Gonzalez
—
Deed Of Trust
related
$10,082 · Beneficial California INC
—
—
Francisco J Gonzalez
—
Deed Of Trust
related
$263,039 · Transamerica Financial Svc
—
—
Francisco J Gonzalez
—
Deed Of Trust
related
$38,081 · Transamerica Financial Svc
—
—
Francisco J Gonzalez
—
Deed Of Trust
related
$361,164 · Household Finance Corp Ca
—
—
Keith Slama
—
Loan Modification
related
$500,000 · Pacific Vly Bk
—
—
Francis Gonzales
—
Deed Of Trust
related
$200,000 · Beneficial California INC
—
—
Keith Slama
—
Deed Of Trust
related
$717,500 · American Perspective Bank
—
—
Francisco J Gonzalez
—
Deed Of Trust
related
$312,304 · Transamerica Financial Svc
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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