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Property profile & analytics
OFF-MARKET
Estimated value
$5,950,000
Apartment buildings
311 Bunny Ave Santa Maria, CA 93454-2966
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0143696
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1959
Lot
1.2 ac (52,272 SF)
APN
121-051-016
UPID
US09-0143696
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
-
Andrea leon twin apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.93M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.95M
Owner & transaction history
Dario L Pini · 3 yrs held
Dario L Pini
since 2022
Last sale
$5.0M
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 Santa Maria submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Santa Maria 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
$6,880,000
ML approach
$6,925,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.95M
Range $5.36M – $6.55M · ±10% · vs last sale $5.00M (Nov 14 2022)
Last sale anchor
$5.00M
Nov 14 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
—
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
$76,485
Tax year 2024
Assessed value
$6,998,432
Assessed 2024
Previous assessed
$6,998,432
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$1,102,702
Assessed improvement
$5,895,730
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
1959
Heating
NONE
Lot
1.2 ac (52,272 SF)
APN
121-051-016
UPID
US09-0143696
Jurisdiction
SANTA BARBARA
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
1959
Heating
NONE
Lot
1.2 ac
Current owner
From public records · entity-resolved
Dario L Pini
Individual
Mailing address
2019 STATE ST, SANTA BARBARA, CA 93105-3553
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
22 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 7, 2023
—
Dario L Pini
—
Deed
related
$4,350,000 · The Golden 1 Cu
Nov 14, 2022
—
Dario L Pini
Dario L Pini
Intrafamily Transfer
related
—
Dec 4, 2017
—
Pini,dario L Trust
Pini,dario L
Quit Claim Deed
related
—
Apr 1, 2016
—
Dario L Pini
Pini L L & G E 1990 Trust
Quit Claim Deed
related
$4,000,000 · Bank Of The West
Jun 16, 2005
—
Pini L L & G E 1990 Trust
Pini,gemma E
Quit Claim Deed
related
—
May 11, 2005
$5,000,000
Dario L Pini
Gietman John & Jan Trust
Grant Deed
$3,500,000 · Commercial Capital Bank Fsb
May 11, 2005
—
John H Gietman
Gietman,jan H
Affidavit Of Death
related
—
May 8, 2002
—
Gietman Trust
Gietman,john H & Jan H
Quit Claim Deed
related
$2,240,000 · Washington Mutual Fsb
Mar 19, 2002
—
Gietman Trust
Gietman,john H & Jan H
Quit Claim Deed
related
—
Mar 30, 2001
—
John H Gietman
Probstel Trust
Grant Deed
related
$1,732,500 · Washington Mutual Fsb
Oct 20, 1999
—
Probstel Trust
Bunny 50
Quit Claim Deed
related
—
May 13, 1996
—
Bunny 50
Probstel Trust
Quit Claim Deed
related
—
Feb 8, 1996
$450,000
Probstel Trust
Great Western Bank
Grant Deed
$337,500 · Witte Trust
Feb 7, 1996
—
Great Western Bank
Web Service Company INC
Quit Claim Deed
related
—
Oct 25, 1995
$884,264
Great Western Bank
Asfour,k J & Rita
Trustees Deed
related
—
Feb 21, 1989
$932,262
Great Western Ba
Rpi,xi
Trustees Deed
related
—
—
—
Probstel Trust
—
Deed Of Trust
related
$300,000 · Pmb Mortgage LLC
—
—
Gietman,tr
—
Deed Of Trust
related
$2,700,000 · Washington Mutual Fsb
—
—
Probstel Trust
—
Deed Of Trust
related
$1,575,000 · Washington Mutual Fsb
—
—
Dario L Pini
—
Deed Of Trust
related
$3,650,000 · Commercial Capital Bank Fsb
—
—
California Ltd Partnershp
—
Deed Of Trust
related
$160,000 · Hewitt Trust
—
—
Bunny 50
—
Deed Of Trust
related
$52,833 · De Witte Trust
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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