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Property profile & analytics
OFF-MARKET
Estimated value
$1,850,000
Apartment buildings
225 Mcculloch Cir Marina, CA 93933-2417
Entity Owned
1-yr Hold
Free & Clear
Property ID
US09-2999440
Property summary
AI-generated overview
This well-maintained, single-story six-unit apartment complex is situated on a 0.57-acre lot at 225 McCulloch Circle in Marina, California. The property boasts a total of 5,075 square feet and offers a fantastic investment opportunity due to its prime location, just minutes from the beach and local shopping. Each of the six units is generously sized, featuring two bedrooms and one bathroom, providing comfortable living spaces for tenants. A key advantage is the inclusion of private, fenced backyards for each unit, offering tenants desirable outdoor space. Further enhancing tenant appeal are the shared laundry facilities and ample parking. Recent upgrades have been implemented to maintain the property's high standards, including fresh paint throughout and the installation of new windows. The property's strong rental potential, combined with its desirable location and attractive amenities, makes it an exceptional investment opportunity in the thriving Marina, CA market. The asking price is $1,995,000.
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1965
Construction
WOOD
Total area
5,075 SF
Lot
0.57 ac (24,942 SF)
APN
032-031-035-000
UPID
US09-2999440
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
$1.83M
CAP Approach
CAP
$1.26M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.85M
Owner & transaction history
225 Mccuiloch LLC · 1 yrs held
225 Mccuiloch LLC
since 2025
Last sale
$1.9M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.8M
+37.0%
Office building
$2.1M
+4.7%
Industrial (general)
$2.1M
+4.0%
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 Marina submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Marina 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
$1,800,000
ML approach
$1,830,000
CAP Approach
CAP Return
Estimation
6%
$1,360,000
6.5%
$1,255,000
7%
$1,165,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,005,000
Current use
RESTAURANT
$2,750,000
Change: +37% · Conversion: Difficult
OFFICE BUILDING
$2,100,000
Change: +5% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$2,085,000
Change: +4% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,025,000
Change: +1% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,930,000
Change: -4% · Conversion: Moderate
Blend value · Realmo final
$1.85M
Range $1.67M – $2.04M · ±10% · vs last sale $1.88M (Mar 13 2025)
Last sale anchor
$1.88M
Mar 13 2025
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
$365 / 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
Tax billed
$6,722
Tax year 2023
Assessed value
$582,944
Assessed 2023
Previous assessed
$582,944
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$236,875
Assessed improvement
$346,069
Applied tax rate
12.0000
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
1965
Construction
WOOD
Heating
NONE
Stories
1
Units
6
Rooms
30
Bathrooms
6
Total area
5,075 SF
Lot
0.57 ac (24,942 SF)
APN
032-031-035-000
UPID
US09-2999440
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
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.0M
RESTAURANT
Est. value
$2.8M
OFFICE BUILDING
Est. value
$2.1M
INDUSTRIAL (GENERAL)
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$2.0M
COMMERCIAL (GENERAL)
Est. value
$1.9M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
OFFICE BUILDING
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1965
Construction
WOOD
Heating
NONE
Stories
1
Units
6
Rooms
30
Bathrooms
6
Lot
0.57 ac
Current owner
From public records · entity-resolved
225 Mccuiloch LLC
Entity
Free & Clear · 1 yrs held
Mailing address
PO BOX 1089, SALINAS, CA 93902-1089
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 13, 2025
$1,884,000
225 Mccuiloch LLC
Ward V Mckalson
Grant Deed
—
Jan 19, 1994
—
Larry G Scholink
Scholink,shonna
Quit Claim Deed
related
—
Jan 19, 1994
$167,000
Mckalson Trust
Scholink,larry
Trustees Deed
related
$108,682 · Individual
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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