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Property profile & analytics
OFF-MARKET
Estimated value
$5,155,000
Apartment buildings
2871 Joseph Ave Campbell, CA 95008-6216
Entity Owned
4-yr Hold
Free & Clear
Property ID
US09-1518222
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1968
Construction
WOOD
Total area
26,576 SF
Lot
0.4 ac (17,545 SF)
Zoning code
R3
APN
414-05-032
UPID
US09-1518222
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
-
Sierra Quality Painting Painting
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.77M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.16M
Owner & transaction history
Joseph Ave Apartments LP · 4 yrs held
Joseph Ave Apartments LP
since 2022
Last sale
$5.6M
7 recorded transactions
Zoning & alternative use
R3 · Campbell, 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 Campbell submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Campbell 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
$4,755,000
ML approach
$4,765,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.16M
Range $4.64M – $5.67M · ±10% · vs last sale $5.55M (Apr 28 2022)
Last sale anchor
$5.55M
Apr 28 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
$194 / 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
$75,204
Tax year 2024
Assessed value
$5,774,220
Assessed 2024
Previous assessed
$5,774,220
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$2,731,050
Assessed improvement
$3,043,170
Applied tax rate
17.0000
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
1968
Construction
WOOD
Heating
NONE
Cooling
NONE
Stories
2
Units
24
Total area
26,576 SF
Lot
0.4 ac (17,545 SF)
Zoning code
R3
APN
414-05-032
UPID
US09-1518222
Jurisdiction
SANTA CLARA
Zoning & alternative use
R3 · Campbell, CA
Zoning R3 · permitted uses
R3 · Campbell, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Campbell. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1968
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Units
24
Lot
0.4 ac
Current owner
From public records · entity-resolved
Joseph Ave Apartments LP
Entity
Free & Clear · 4 yrs held
Mailing address
PO BOX 3434, LOS ALTOS, CA 94024-0434
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 13, 2022
—
Joseph Ave Apartments LP
—
Deed
related
$6,000,000 · First Republic Bank
Apr 28, 2022
$5,550,000
Joseph Ave Apartments LP
Southern Joseph Partners LP
Grant Deed
—
Dec 26, 2012
$49,000
Union Manor Apartments INC
Klein Family Trust
Quit Claim Deed
related
—
Dec 26, 2012
—
Joseph Partners LP South
Klein Family Trust
Quit Claim Deed
related
—
Jun 12, 1998
$2,175,000
Klein Trust
Hwang,david L & Susan L
Grant Deed
—
Sep 22, 1989
$2,000,000
Anthony Wang
Blackburn,r.&m./
Grant Deed
$1,500,000 · American Savings Bank
—
—
Joseph Avenue Li
—
Deed Of Trust
related
$220,000 · Individual
—
—
Klein Trust
—
Deed Of Trust
related
$1,000,000 · Bay View Auxilary Corp
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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