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Property profile & analytics
OFF-MARKET
Estimated value
$7,880,000
Apartment buildings
2351 Westwood Ct A1 Arcata, CA 95521-5151
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-3680945
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1967
Construction
WOOD
Total area
53,340 SF
Lot
5.6 ac (243,935 SF)
Zoning code
RH
APN
505-161-028-000
UPID
US09-3680945
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
-
Westwood Garden Apartments Apartment Building
-
Emerald Crown Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.08M
CAP Approach
CAP
$9.77M
Comparable Approach
Comparable
$6.53M
Blend (final)
Blend
$7.88M
Owner & transaction history
Westwood Garden Apartments LLC · 4 yrs held
Westwood Garden Apartments LLC
since 2021
Last sale
$7.1M
4 recorded transactions
Zoning & alternative use
RH · Arcata, 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 Arcata submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Arcata 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
$10,330,000
ML approach
$9,075,000
CAP Approach
CAP Return
Estimation
6%
$10,585,000
6.5%
$9,770,000
7%
$9,075,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$10,695,000
Current use
RESTAURANT
$10,040,000
Change: -6% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$9,830,000
Change: -8% · Conversion: Difficult
COMMERCIAL (GENERAL)
$9,355,000
Change: -13% · Conversion: Moderate
Blend value · Realmo final
$7.88M
Range $7.09M – $8.67M · ±10% · vs last sale $7.10M (Jul 30 2021)
Last sale anchor
$7.10M
Jul 30 2021
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
$148 / 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
$81,931
Tax year 2024
Assessed value
$7,435,070
Assessed 2024
Previous assessed
$7,435,070
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$1,165,248
Assessed improvement
$6,269,822
Applied tax rate
1.0000
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
1967
Construction
WOOD
Heating
CENTRAL
Stories
2
Total area
53,340 SF
Lot
5.6 ac (243,935 SF)
Zoning code
RH
APN
505-161-028-000
UPID
US09-3680945
Jurisdiction
HUMBOLDT
Zoning & alternative use
RH · Arcata, CA
Zoning RH · permitted uses
RH · Arcata, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Arcata. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$10.7M
RESTAURANT
Est. value
$10.0M
INDUSTRIAL (GENERAL)
Est. value
$9.8M
COMMERCIAL (GENERAL)
Est. value
$9.4M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
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
1967
Construction
WOOD
Heating
CENTRAL
Stories
2
Lot
5.6 ac
Current owner
From public records · entity-resolved
Westwood Garden Apartments LLC
Entity
Mailing address
PO BOX 37, EUREKA, CA 95502-0037
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 10, 2025
—
Westwood Garden Apartments LLC
—
Deed
related
$3,240,068 · Steve M Strombeck Etux
Aug 12, 2025
—
Westwood Garden Apartments LLC
—
Deed
related
$3,800,000 · Redwood Capital Bank
Jul 30, 2021
$7,100,000
Westwood Garden Apartments LLC
Westwood Developers LP
Grant Deed
$5,295,000 · Redwood Capital Bank
Jul 6, 1966
—
Westwood Developers
—
Grant 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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