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Property profile & analytics
OFF-MARKET
Estimated value
$2,790,000
Apartment buildings
260 Lighthouse Ave Pacific Grove, CA 93950-2947
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US09-3025193
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1961
Construction
WOOD
Total area
7,423 SF
Lot
0.18 ac (8,022 SF)
APN
006-206-013-000
UPID
US09-3025193
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
$2.52M
CAP Approach
CAP
$1.84M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.79M
Owner & transaction history
260 Lighthouse Ave LLC · 3 yrs held
260 Lighthouse Ave LLC
since 2022
Last sale
$3.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.1M
+41.0%
Restaurant
$4.0M
+37.0%
Office building
$3.1M
+4.7%
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 Pacific Grove submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pacific Grove 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
$2,635,000
ML approach
$2,520,000
CAP Approach
CAP Return
Estimation
6%
$1,990,000
6.5%
$1,835,000
7%
$1,705,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,935,000
Current use
COMMERCIAL (GENERAL)
$4,140,000
Change: +41% · Conversion: Moderate
RESTAURANT
$4,020,000
Change: +37% · Conversion: Difficult
OFFICE BUILDING
$3,070,000
Change: +5% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$3,050,000
Change: +4% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,960,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$2.79M
Range $2.51M – $3.07M · ±10% · vs last sale $3.00M (Jul 26 2022)
Last sale anchor
$3.00M
Jul 26 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
$376 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$33,634
Tax year 2023
Assessed value
$3,060,800
Assessed 2023
Previous assessed
$3,060,800
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$918,000
Assessed improvement
$2,142,800
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
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
1961
Construction
WOOD
Heating
CENTRAL
Stories
3
Units
8
Rooms
44
Bathrooms
8
Total area
7,423 SF
Lot
0.18 ac (8,022 SF)
APN
006-206-013-000
UPID
US09-3025193
Jurisdiction
MONTEREY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.9M
COMMERCIAL (GENERAL)
Est. value
$4.1M
RESTAURANT
Est. value
$4.0M
OFFICE BUILDING
Est. value
$3.1M
INDUSTRIAL (GENERAL)
Est. value
$3.1M
AUTO REPAIR, GARAGE
Est. value
$3.0M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1961
Construction
WOOD
Heating
CENTRAL
Stories
3
Units
8
Rooms
44
Bathrooms
8
Lot
0.18 ac
Current owner
From public records · entity-resolved
260 Lighthouse Ave LLC
Entity
Mailing address
1112 MONTANA AVE #238, SANTA MONICA, CA 90403-1652
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 26, 2026
—
260 Lighthouse Ave LLC
—
Deed
related
$2,000,000 · Everbank NA
Jul 26, 2022
—
260 Lighthouse Ave LLC
260 Lighthouse Ave LLC
Intrafamily Transfer
related
$2,100,000 · First Foundation Bank
May 12, 2022
$3,000,000
260 Lighthouse Ave LLC
O Pak Schmidt Chong
Grant Deed
$1,600,000 · Win Win Enterprises LLC
Jul 20, 2021
—
O Pak Schmidt Chong
Rea Pak Chong
Intrafamily Transfer
related
—
Oct 31, 2006
$2,350,000
Chong R Pak
Keller Family Trust
Grant Deed
$1,150,000 · Dubelman A M Trust
Oct 31, 2006
—
Joan M Paulin
Manning,paul R
Affidavit Of Death
related
—
Feb 21, 2001
—
Paulin Trust
Paulin,joan M
Quit Claim Deed
related
—
Dec 28, 2000
—
Keller Trust
Keller,meredyth M
Quit Claim Deed
related
—
—
—
Chong R Pak
—
Deed Of Trust
related
$50,000 · Norris & Myong S Smith
—
—
Chong R Pak
—
Deed Of Trust
related
$1,721,300 · National Bk/ca
—
—
Chong R Pak
—
Deed Of Trust
related
$775,000 · Newsome Trust
—
—
Chong R Pak
—
Deed Of Trust
related
$850,000 · Wachovia Mortgage Fsb
—
—
Chong R Pak
—
Deed Of Trust
related
$635,000 · Greenpoint Mortgage Funding
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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