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Property profile & analytics
OFF-MARKET
Estimated value
$2,890,000
Apartment buildings
240 Ortega Ave Mountain View, CA 94040-1435
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-3213600
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1960
Construction
WOOD
Total area
19,672 SF
Lot
0.69 ac (30,000 SF)
Zoning code
R3-1*
APN
148-29-013
UPID
US09-3213600
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
-
Caltega 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
$2.89M
Owner & transaction history
Linda Richelle Schneider · 1 yrs held
Linda Richelle Schneider
since 2024
7 recorded transactions
Zoning & alternative use
R3-1* · Mountain View, 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 Mountain View submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mountain View 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
$147 / 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
$39,220
Tax year 2024
Assessed value
$3,338,202
Assessed 2024
Previous assessed
$3,338,202
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$1,830,580
Assessed improvement
$1,507,622
Applied tax rate
5.0000
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
1960
Construction
WOOD
Heating
NONE
Cooling
NONE
Stories
3
Units
30
Total area
19,672 SF
Lot
0.69 ac (30,000 SF)
Zoning code
R3-1*
APN
148-29-013
UPID
US09-3213600
Jurisdiction
SANTA CLARA
Zoning & alternative use
R3-1* · Mountain View, CA
Zoning R3-1* · permitted uses
R3-1* · Mountain View, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mountain View. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1960
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
3
Units
30
Lot
0.69 ac
Current owner
From public records · entity-resolved
Linda Richelle Schneider
Individual
Free & Clear · 1 yrs held
Mailing address
591 REDWOOD HWY FRONTAGE RD STE #2250, MILL VALLEY, CA 94941-6017
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2024
—
Linda Richelle Schneider
Dorrance Investment Group LLC
Grant Deed
—
Jan 23, 2024
—
Philip A Robb
Philip A Robb
Intrafamily Transfer
related
—
Jun 12, 2020
—
Marchasin,dina Residual Trust
Marchasin Family Trust
Quit Claim Deed
related
—
Jun 9, 2020
—
Dorrance Investment Group LLC
Dorrance W R
Quit Claim Deed
related
—
Jun 2, 2020
—
Marchasin Family Trust
Dina Marchasin
Affidavit Of Death
related
—
Mar 11, 2019
—
Dorrance-schneider Family Trust
Dorrance W R & E 1985 Trust
Quit Claim Deed
related
—
Jan 4, 2019
—
Dorrance,elsa S 1985 Trust
Dorrance Family LLC
Quit Claim Deed
related
$149,500 · Dorrance W R & E 1985 T (pt)
Oct 10, 2017
—
Dorrance Family LLC
Dorrance W R & E S 198 Trust
Quit Claim Deed
—
May 23, 2006
—
Liblit Associates LLC
Cedar-applebaum,carol
Grant Deed
—
Sep 7, 2004
—
Boggs-forsythe Trust
Boggs-forsythe,nancy A
Quit Claim Deed
related
—
Sep 29, 2000
—
Koester Trust
Wilbur Trust
Grant Deed
related
—
Feb 5, 1996
—
Nancy A Forsythe
Forsythe,berwyn D
Quit Claim Deed
related
—
Feb 5, 1996
$160,000
Boggs-forrsythe,nancy A
Lane Trust
Trustees Deed
—
Oct 13, 1994
$30,000
Nancy A Boggs-forsythe
Lane,donald H
Quit Claim Deed
related
—
Oct 13, 1994
—
Nancy A Forsythe
Lane,anne
Quit Claim Deed
related
—
Aug 13, 1992
—
Wilbur Koester Trust
Koester,wilbur J
Quit Claim Deed
related
—
—
—
Dorrance,w R & E S 1985 Trust
—
Deed Of Trust
related
$149,500 · Dorrance W R & E 1985 T (pt)
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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