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Property profile & analytics
OFF-MARKET
Estimated value
$17,815,000
Apartment buildings
2350 Calle De Luna Santa Clara, CA 95054-1188
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3043807
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1980
Construction
CONCRETE
Total area
23,400 SF
Lot
1.34 ac (58,370 SF)
Zoning code
ML
APN
097-46-031
UPID
US09-3043807
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
-
Coterie Santa Clara Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$17.82M
Owner & transaction history
Tasman Asl Propco LLC · 4 yrs held
Tasman Asl Propco LLC
since 2022
Last sale
$22.3M
7 recorded transactions
Zoning & alternative use
ML · Santa Clara, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$24.1M
+118.2%
Office building
$12.8M
+16.1%
Retail stores
$12.1M
+10.2%
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 Clara submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Santa Clara 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
$19,130,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$11,020,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$24,050,000
Change: +118% · Conversion: Difficult
OFFICE BUILDING
$12,790,000
Change: +16% · Conversion: Moderate
RETAIL STORES
$12,145,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$17.82M
Range $16.03M – $19.60M · ±10% · vs last sale $22.33M (Jul 5 2022)
Last sale anchor
$22.33M
Jul 5 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
$761 / 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
$799,821
Tax year 2024
Assessed value
$68,740,167
Assessed 2024
Previous assessed
$68,740,167
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$10,320,167
Assessed improvement
$58,420,000
Applied tax rate
7.0000
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
1980
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
23,400 SF
Lot
1.34 ac (58,370 SF)
Zoning code
ML
APN
097-46-031
UPID
US09-3043807
Jurisdiction
SANTA CLARA
Zoning & alternative use
ML · Santa Clara, CA
Zoning ML · permitted uses
ML · Santa Clara, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Santa Clara. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$11.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$24.1M
OFFICE BUILDING
Est. value
$12.8M
RETAIL STORES
Est. value
$12.1M
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
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
Year built
1980
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.34 ac
Current owner
From public records · entity-resolved
Tasman Asl Propco LLC
Entity
Mailing address
44 MONTGOMERY ST STE #1300, SAN FRANCISCO, CA 94104-4615
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 5, 2022
—
Tasman Asl Propco LLC
Tasman East Urban Housing LLC
Intrafamily Transfer
related
$130,000,000 · Pnc Bank NA
Nov 17, 2020
—
Tasman East Urban Housing LLC
Tasman East Urban Housing LLC
Quit Claim Deed
related
—
May 27, 2015
—
Tasman East Urban Housing LLC
Related Ca Urban Housing LLC
Grant Deed
related
—
Jan 15, 2015
$22,325,000
Related California Urban Housi
Lafayette Business Partners Ll
Grant Deed
—
Nov 18, 2014
—
Jrc Trust
Lafayette Business Partners Ll
Quit Claim Deed
related
—
Feb 25, 2000
—
Lafayette Business Partners Ll
Brown Trust
Grant Deed
related
—
—
—
Lafayette Business Partners Ll
—
Deed Of Trust
related
$2,200,000 · First Republic Bank
—
—
Tasman East Urban Housing LLC
—
Deed Of Trust
related
$31,000,000 · Colfin Clara Funding LLC
—
—
Tasman East Urban Housing LLC
—
Deed Of Trust
related
$108,000,000 · Clnc Sl Silicon LLC
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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