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Property profile & analytics
OFF-MARKET
Estimated value
$1,105,000
Apartment buildings
23 Ter Ct Los Gatos, CA 95030-6136
Individually Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0998751
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1954
Construction
WOOD
Total area
4,992 SF
Lot
0.26 ac (11,500 SF)
Zoning code
RM512
APN
529-26-010
UPID
US09-0998751
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
by Request
CAP Approach
CAP
$1.46M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.11M
Owner & transaction history
Louis A Ferrigno · 6 yrs held
Louis A Ferrigno
since 2019
7 recorded transactions
Zoning & alternative use
RM512 · Los Gatos, 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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,580,000
6.5%
$1,460,000
7%
$1,355,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,775,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$1.11M
Range $995k – $1.22M · ±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
$221 / 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
$26,070
Tax year 2024
Assessed value
$1,921,217
Assessed 2024
Previous assessed
$1,921,217
+0.0% YoY
Effective rate
1.36%
On assessed value
Assessed land
$519,854
Assessed improvement
$1,401,363
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
1954
Construction
WOOD
Heating
NONE
Cooling
NONE
Stories
2
Units
7
Total area
4,992 SF
Lot
0.26 ac (11,500 SF)
Zoning code
RM512
APN
529-26-010
UPID
US09-0998751
Jurisdiction
SANTA CLARA
Zoning & alternative use
RM512 · Los Gatos, CA
Zoning RM512 · permitted uses
RM512 · 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
WAREHOUSE, STORAGE
Est. value
$1.8M
WAREHOUSE, STORAGE
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
1954
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Units
7
Lot
0.26 ac
Current owner
From public records · entity-resolved
Louis A Ferrigno
Individual
Mailing address
310 W MAIN ST, LOS GATOS, CA 95030-6807
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 7, 2019
—
Louis A Ferrigno
Louis A Ferrigno
Intrafamily Transfer
related
$500,000 · Jpmorgan Chase Bank NA
Aug 19, 2014
—
Louis A Ferrigno
Ferrigno Family 1995 Trust
Quit Claim Deed
related
—
Dec 22, 2003
—
Ferrigno,tr
Ferrigno,tr
Quit Claim Deed
related
—
Mar 10, 2000
$1,275,000
Ferringo Trust
Furtado Trust
Grant Deed
$755,000 · Washington Mutual Fsb
May 18, 1999
—
Furtado Trust
Furtado,richard E & Debbie
Quit Claim Deed
related
—
Apr 30, 1999
$975,000
Richard E Furtado
23-27 Terrace Gardens Investor
Grant Deed
$700,000 · Tamalpais Bank
Feb 11, 1988
$465,000
Terrace Ga 23-27
Trevi
Grant Deed
$268,000 · Western Federal Savings & Loan
—
—
Terrace Gardens Investors Corp
—
Deed Of Trust
related
$392,000 · American Savings 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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