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Property profile & analytics
OFF-MARKET
Estimated value
$2,310,000
Apartment buildings
261 El Dorado St Monterey, CA 93940-2913
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US10-3009708
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1984
Construction
WOOD
Total area
12,342 SF
Lot
0.34 ac (15,000 SF)
APN
001-603-024-000
UPID
US10-3009708
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
-
Melanie’s place Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.51M
CAP Approach
CAP
$3.06M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.31M
Owner & transaction history
Sbph Holding LLC · 3 yrs held
Sbph Holding LLC
since 2023
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
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 Monterey submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Monterey 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
$2,620,000
ML approach
$2,505,000
CAP Approach
CAP Return
Estimation
6%
$3,310,000
6.5%
$3,055,000
7%
$2,835,000
Blend value · Realmo final
$2.31M
Range $2.08M – $2.54M · ±10% · vs last sale $1.60M (Apr 19 2023)
Last sale anchor
$1.60M
Apr 19 2023
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
$187 / 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
$22,845
Tax year 2023
Assessed value
$2,039,252
Assessed 2023
Previous assessed
$2,039,252
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$796,478
Assessed improvement
$1,242,774
Applied tax rate
3.0000
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
1984
Construction
WOOD
Heating
NONE
Stories
3
Units
1
Total area
12,342 SF
Lot
0.34 ac (15,000 SF)
APN
001-603-024-000
UPID
US10-3009708
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
Building & site characteristics
From public records
Year built
1984
Construction
WOOD
Heating
NONE
Stories
3
Units
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
Sbph Holding LLC
Entity
Mailing address
1172 S MAIN ST #372, SALINAS, CA 93901-2204
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 19, 2023
—
Sbph Holding LLC
L Keith Slama
Intrafamily Transfer
related
—
Aug 30, 2021
—
L Keith Slama
—
Deed
related
$2,850,000 · Jpmorgan Chase Bank NA
Dec 15, 2017
—
L Keith Slama
—
Deed
related
$350,000 · Pacific Valley Bank
Sep 15, 2017
—
Keith Slama
—
Deed
related
$2,700,000 · Jpmorgan Chase Bank NA
Apr 5, 2016
$1,600,000
Slama Trust
Martins Johnny S Trust
Grant Deed
$1,995,000 · Rabobank
Oct 31, 2014
—
Martins,johnny S Trust
Martins Marvin 1996 Trust
Quit Claim Deed
related
—
Oct 31, 2014
$1,900,000
Martins,marvin 1996 Trust
Skyview Drive-in Theatres
Grant Deed
—
Dec 19, 2003
—
Skyview Drive-in Theatres
Xanten Properties LLC
Grant Deed
$3,877,250 · Community Bank Central Ca
May 15, 1998
—
Xanten Properties LLC
Claassen,anthony C & Mathilde E
Grant Deed
related
—
Dec 23, 1997
$1,850,000
Anthony C Evans-claassen
Bankers Trust Co California NA
Grant Deed
$1,200,000 · Local Federal Bank
Jan 17, 1997
$2,122,528
Bankers Trust Co California NA
Banfe,charles F & June W
Trustees Deed
related
—
May 19, 1989
—
Douglas M Leach
Kilzer,barry M
Quit Claim Deed
related
—
May 19, 1989
$917,500
Freemont Assoc
Leach,douglas M
Trustees Deed
related
—
—
—
Skyview Drive-in Theatres
—
Deed Of Trust
related
$1,200,000 · California Pacific Bank
—
—
Slama Trust
—
Deed Of Trust
related
$350,000 · Pacific Vly Bk
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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