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Property profile & analytics
OFF-MARKET
Estimated value
$1,370,000
Apartment buildings
2931 Louis Rd Palo Alto, CA 94303-3904
Individually Owned
25-yr Hold
~
Est. High Equity
Property ID
US09-1933279
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1914
Construction
WOOD
Total area
6,238 SF
Lot
0.33 ac (14,400 SF)
Zoning code
R1
APN
127-40-024
UPID
US09-1933279
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
by Request
CAP Approach
CAP
$1.83M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.37M
Owner & transaction history
Vincenzo Giovannotto · 25 yrs held
Vincenzo Giovannotto
since 2000
7 recorded transactions
Zoning & alternative use
R1 · Palo Alto, 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 Palo Alto submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palo Alto 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,975,000
6.5%
$1,825,000
7%
$1,695,000
Blend value · Realmo final
$1.37M
Range $1.23M – $1.51M · ±10%
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
$220 / 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 2022Property tax & assessments
Tax year 2022
Assessed value
$1,702,832
Assessed 2023
Previous assessed
$1,669,445
+2.0% YoY
Assessed land
$920,852
Assessed improvement
$781,980
Applied tax rate
6.0000
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
1914
Construction
WOOD
Heating
NONE
Cooling
NONE
Stories
2
Units
7
Total area
6,238 SF
Lot
0.33 ac (14,400 SF)
Zoning code
R1
APN
127-40-024
UPID
US09-1933279
Jurisdiction
SANTA CLARA
Zoning & alternative use
R1 · Palo Alto, CAZoning R1 · permitted uses
R1 · Palo Alto, CA
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
1914
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Units
7
Lot
0.33 ac
Current owner
From public records · entity-resolved
Vincenzo Giovannotto
Individual
Mailing address
PO BOX 60177, PALO ALTO, CA 94306-0177
Ownership since
2000
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2000
—
Vincenzo Giovannotto
Giovannotto Trust
Quit Claim Deed
related
$8,272,605 · Individual
Dec 28, 1998
—
Giovannotto Trust
Giovannotto,vincenzo
Quit Claim Deed
related
—
Jun 24, 1998
—
Vincenzo Giovannotto
Giovannotto,suzan
Quit Claim Deed
related
—
Jun 24, 1998
$825,000
Giovannotto,vincenzo
Elliott Trust
Trustees Deed
—
Jul 25, 1994
—
Elliott Trust
Elliott Trust
Quit Claim Deed
related
—
—
—
Giovanotto Trust
—
Deed Of Trust
related
$1,300,000 · Bank Of The West
—
—
Giovannotto,giovannotto Tr
—
Deed Of Trust
related
$50,000 · Bank Of The West
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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