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Property profile & analytics
OFF-MARKET
Estimated value
$9,180,000
Apartment buildings
2094 Frst Ave San Jose, CA 95128-4821
Individually Owned
31-yr Hold
Free & Clear
Property ID
US09-3104548
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1997
Construction
WOOD
Total area
50,000 SF
Lot
0.92 ac (39,926 SF)
Zoning code
R3APD
APN
274-57-051
UPID
US09-3104548
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
-
Miranda Villa Senior Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.18M
Owner & transaction history
Forest Manor Assoc · 31 yrs held
Forest Manor Assoc
since 1994
6 recorded transactions
Zoning & alternative use
R3APD · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$184 / 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
$51,498
Tax year 2024
Assessed value
$7,529,301
Assessed 2024
Previous assessed
$7,529,301
+0.0% YoY
Effective rate
0.68%
On assessed value
Assessed land
$1,328,094
Assessed improvement
$6,201,207
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
1997
Construction
WOOD
Heating
NONE
Cooling
NONE
Stories
2
Units
109
Total area
50,000 SF
Lot
0.92 ac (39,926 SF)
Zoning code
R3APD
APN
274-57-051
UPID
US09-3104548
Jurisdiction
SANTA CLARA
Zoning & alternative use
R3APD · San Jose, CA
Zoning R3APD · permitted uses
R3APD · 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
1997
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Units
109
Lot
0.92 ac
Current owner
From public records · entity-resolved
Forest Manor Assoc
Individual
Free & Clear · 31 yrs held
Mailing address
3190 S BASCOM AVE STE #220, SAN JOSE, CA 95124-2510
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
1994
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 30, 2020
—
Forest Manor Associates
—
Deed
related
$15,496,000 · Walker & Dunlop LLC
Sep 30, 1994
—
Forest Manor Assoc
—
Grant Deed
related
$2,800,000 · San Jose National Bank
Aug 9, 1994
—
Forest Manor Assoc
Forest Manor Ass
Quit Claim Deed
related
—
Dec 9, 1993
$797,000
Forest Manor Associates
Zanger,patricia
Grant Deed
$1,000,000 · San Jose City (ca)
—
—
Forest Manor Associates
—
Deed Of Trust
related
$10,081,000 · Walker & Dunlop
—
—
Forest Manor Associates
—
Deed Of Trust
related
$500,000 · San Jose City (ca)
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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