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Property profile & analytics
OFF-MARKET
Estimated value
$890,000
Assisted living facilities
227 Anapamu St, Santa Barbara, CA 93101-2005
Trust Owned
7-yr Hold
Free & Clear
Property ID
US09-0046922
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Lot
1.02 ac (44,431 SF)
APN
029-123-013
UPID
US09-0046922
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
-
Villa Santa Barbara Nursing Home
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$890k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$890k
Owner & transaction history
Felts,kenneth D Trust · 7 yrs held
Felts,kenneth D Trust
since 2019
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 Santa Barbara submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Santa Barbara 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
by Request
ML approach
$890,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$890k
Range $801k – $979k · ±10%
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
—
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
$234,498
Tax year 2024
Assessed value
$22,173,611
Assessed 2024
Previous assessed
$22,173,611
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$7,368,851
Assessed improvement
$14,804,760
Applied tax rate
2.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Heating
NONE
Lot
1.02 ac (44,431 SF)
APN
029-123-013
UPID
US09-0046922
Jurisdiction
SANTA BARBARA
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
Heating
NONE
Lot
1.02 ac
Current owner
From public records · entity-resolved
Felts,kenneth D Trust
Trust
Free & Clear · 7 yrs held
Mailing address
PO BOX 71970, PHOENIX, AZ 85050-1017
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 9, 2019
—
Felts,kenneth D Trust
Felts,ken
Quitclaim Deed
related
—
Oct 21, 2010
—
Ventas Santa Barbara LLC
—
Deed Of Trust
related
$13,290,000 · Federal National Mortgage Assn
Oct 10, 2005
$13,640,000
Ventas Santa Barbara LLC
Bre Of Csl Villa Santa Barbara Ll
Grant Deed
—
Jun 13, 2002
$16,000,000
Bre/csl Villa Santa Barbara
Capital Senior Living A INC
Grant Deed
$13,290,000 · Lend Lease Mortgage Capital LP
Aug 24, 2000
—
Senior Living A Capital
Capital Senior Living Ilm-a
Quit Claim Deed
related
$10,050,000 · Gmac Commercial Mortgage Corp
Aug 24, 2000
$100,500
Capital Senior Living Ilm-a
Ilm II Holding INC
Trustees Deed
related
—
Apr 27, 1994
—
Santa Barbara I Holding In Ilm
Angeles Housing
Grant Deed
related
—
Jul 15, 1992
—
Angeles Housing Concepts INC
—
Grant Deed
related
$1,823,000 · Painewebber Inde
Jun 6, 1991
$3,691,000
Resolution Trust
Santa,barbara Pr
Grant Deed
related
—
—
—
Ilm II Lease Corp
—
Deed Of Trust
related
$8,800,000 · Fleet National Bank
—
—
Ilm II Lease Corp
—
Deed Of Trust
related
$24,500,000 · Fleet National Bank
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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