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Property profile & analytics
OFF-MARKET
Estimated value
$1,815,000
Apartment buildings
230 Stimson Ave Pismo Beach, CA 93449-2648
Entity Owned
3-yr Hold
Free & Clear
Property ID
US09-2225468
Property summary
AI-generated overview
This exceptional 7-unit multifamily property in the heart of Pismo Beach, California presents a rare investment opportunity. Located just one block from the beach, this legacy property comprises three standalone units, a duplex, and two additional units at the rear. Four garages are also rented separately, adding to the income stream. The property currently boasts a unit mix of four one-bedroom, one-bathroom units
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Construction
WOOD
Total area
3,998 SF
Lot
0.25 ac (10,875 SF)
Zoning code
R4
APN
005-136-003
UPID
US09-2225468
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
$1.19M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.82M
Owner & transaction history
Wd Legacy 1 LLC · 3 yrs held
Wd Legacy 1 LLC
since 2022
Last sale
$2.2M
7 recorded transactions
Zoning & alternative use
R4 · Pismo Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.0M
+34.4%
Auto repair, garage
$1.8M
+23.3%
Medical building
$1.6M
+10.9%
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 Pismo Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pismo Beach 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
$1,645,000
ML approach
$1,830,000
CAP Approach
CAP Return
Estimation
6%
$1,285,000
6.5%
$1,185,000
7%
$1,105,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,480,000
Current use
COMMERCIAL (GENERAL)
$1,990,000
Change: +34% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,825,000
Change: +23% · Conversion: Difficult
MEDICAL BUILDING
$1,645,000
Change: +11% · Conversion: Moderate
OFFICE BUILDING
$1,540,000
Change: +4% · Conversion: Moderate
RETAIL STORES
$1,475,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$1.82M
Range $1.63M – $2.00M · ±10% · vs last sale $2.20M (Nov 9 2022)
Last sale anchor
$2.20M
Nov 9 2022
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
$454 / 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
$24,877
Tax year 2024
Assessed value
$2,288,880
Assessed 2024
Previous assessed
$2,288,880
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$1,248,480
Assessed improvement
$1,040,400
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
Construction
WOOD
Heating
NONE
Bathrooms
7
Total area
3,998 SF
Lot
0.25 ac (10,875 SF)
Zoning code
R4
APN
005-136-003
UPID
US09-2225468
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
R4 · Pismo Beach, CA
Zoning R4 · permitted uses
R4 · Pismo Beach, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pismo Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.5M
RETAIL STORES
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
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
Construction
WOOD
Heating
NONE
Bathrooms
7
Lot
0.25 ac
Current owner
From public records · entity-resolved
Wd Legacy 1 LLC
Entity
Free & Clear · 3 yrs held
Mailing address
PO BOX 15740, SAN LUIS OBISPO, CA 93406-5740
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 9, 2022
—
Wd Legacy 1 LLC
Randy Lester Salas
Intrafamily Transfer
related
—
Dec 1, 2021
$2,200,000
Alice E Martin
Stephen Lee Donatelli
Grant Deed
—
Mar 1, 2011
—
Martin Alice E Trust
Martin Alice E Trust
Quit Claim Deed
related
—
Jan 14, 2011
—
Donatelli Stephen L Trust
Donatelli,stephen
Quit Claim Deed
related
—
Oct 1, 1996
—
Martin Trust
Martin,alice E
Quit Claim Deed
related
—
Apr 10, 1995
$400,000
Martin,alice E
Chapple,conrad K & Cynthia S
Trustees Deed
$170,000 · Seller
Apr 10, 1995
—
Alice E Martin
Martin,thoams A
Quit Claim Deed
related
—
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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