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Property profile & analytics
OFF-MARKET
Estimated value
$10,740,000
Apartment buildings
230 Dunne Ave Morgan Hill, CA 95037-4654
Individually Owned
27-yr Hold
~
Est. High Equity
Property ID
US09-1695153
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1999
Construction
WOOD
Total area
59,190 SF
Lot
4.01 ac (174,675 SF)
Zoning code
R3
APN
817-11-059
UPID
US09-1695153
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
-
Terracina at Morgan Hill | Affordable Apartments Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.74M
Owner & transaction history
Garrison,elmer R & Johana M · 27 yrs held
Garrison,elmer R & Johana M
since 1998
5 recorded transactions
Zoning & alternative use
R3 · Morgan Hill, 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 Morgan Hill submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morgan Hill 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
$181 / 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
$3,574
Tax year 2024
Assessed value
$10,951,807
Assessed 2024
Previous assessed
$10,951,807
+0.0% YoY
Effective rate
0.03%
On assessed value
Assessed land
$1,229,582
Assessed improvement
$9,722,225
Applied tax rate
4.0000
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
1999
Construction
WOOD
Heating
NONE
Cooling
NONE
Stories
2
Units
72
Total area
59,190 SF
Lot
4.01 ac (174,675 SF)
Zoning code
R3
APN
817-11-059
UPID
US09-1695153
Jurisdiction
SANTA CLARA
Zoning & alternative use
R3 · Morgan Hill, CA
Zoning R3 · permitted uses
R3 · Morgan Hill, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Morgan Hill. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1999
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Units
72
Lot
4.01 ac
Current owner
From public records · entity-resolved
Garrison,elmer R & Johana M
Individual
Mailing address
14131 YORBA ST, TUSTIN, CA 92780-2052
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
1998
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 12, 1999
—
Dunne-butterfield Apartments
—
Grant Deed
related
$4,760,000 · Wells Fargo Bank
Nov 17, 1998
$660,000
Garrison,elmer R & Johana M
Daniel Pratt Estate
Trustees Deed
—
Nov 17, 1998
—
M D Garrison
Garrison,patricia
Quit Claim Deed
related
—
Nov 17, 1998
$800,000
Dunne-butterfield Apt Lpp
Garrison,elmer R & Johana M
Trustees Deed
$900,000 · Sunamerica Investments INC
—
—
Apartments L Dunne-butterfield
—
Deed Of Trust
related
$3,530,000 · Savings Associations Mortgage
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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