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Property profile & analytics
OFF-MARKET
Estimated value
$665,000
Apartment buildings
317 Ocean Vw Ave Pismo Beach, CA 93449-2574
Entity Owned
Absentee Owner
Free & Clear
Property ID
US09-0912698
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1942
Construction
TILT-UP CONCRETE
Total area
2,376 SF
Lot
0.16 ac (6,816 SF)
Zoning code
RR
APN
005-135-016
UPID
US09-0912698
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
$705k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$665k
Owner & transaction history
R L Avila LLC
R L Avila LLC
since 2026
7 recorded transactions
Zoning & alternative use
RR · Pismo Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+23.3%
Medical building
$975,000
+10.9%
Office building
$915,000
+3.8%
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 Pismo Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pismo Beach 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%
$765,000
6.5%
$705,000
7%
$655,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$880,000
Current use
AUTO REPAIR, GARAGE
$1,085,000
Change: +23% · Conversion: Difficult
MEDICAL BUILDING
$975,000
Change: +11% · Conversion: Moderate
OFFICE BUILDING
$915,000
Change: +4% · Conversion: Moderate
RETAIL STORES
$875,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$665k
Range $599k – $732k · ±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
$280 / 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
$10,262
Tax year 2024
Assessed value
$938,064
Assessed 2024
Previous assessed
$938,064
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$406,247
Assessed improvement
$531,817
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
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
1942
Construction
TILT-UP CONCRETE
Heating
NONE
Rooms
16
Bathrooms
6
Total area
2,376 SF
Lot
0.16 ac (6,816 SF)
Zoning code
RR
APN
005-135-016
UPID
US09-0912698
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
RR · Pismo Beach, CA
Zoning RR · permitted uses
RR · Pismo Beach, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pismo Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$880,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$975,000
OFFICE BUILDING
Est. value
$915,000
RETAIL STORES
Est. value
$875,000
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
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
1942
Construction
TILT-UP CONCRETE
Heating
NONE
Rooms
16
Bathrooms
6
Lot
0.16 ac
Current owner
From public records · entity-resolved
R L Avila LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1111 RANDY LN, ARROYO GRANDE, CA 93420-6553
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 10, 2026
—
R L Avila LLC
Randy Lee Avila Trust
Deed
related
—
Jul 25, 2008
—
Avila Randy L Trust
Avila,randy L
Quit Claim Deed
related
—
Jul 21, 2008
—
Avila Randy L Trust
Avila,randy L
Quit Claim Deed
related
—
Nov 29, 2000
$635,000
Randy L Avila
Bronte Trust
Grant Deed
$248,000 · Coast National Bank
Jul 24, 1998
$166,517
Bronte Trust
Blu-7 Ltd
Trustees Deed
—
Jan 7, 1997
—
Erin D Down
Grogan,steven C
Grant Deed
related
—
Nov 25, 1996
—
Erin D Down
Kelly,kenneth L & Billie J
Grant Deed
related
—
May 16, 1996
—
Down,erin D
Grogan,steven
Trustees Deed
related
—
Aug 15, 1989
—
Erin D Down
Down,wayne
Quit Claim Deed
related
$55,000 · Rossier Russell
Aug 15, 1989
$119,500
Santa Barbara Co
Blu 7 Ltd
Trustees Deed
related
—
—
—
Bronte Trust
—
Deed Of Trust
related
$100,000 · Pepperwood Hollow & Co INC Mon
—
—
Randy L Avila
—
Deed Of Trust
related
$174,000 · Coast National Bank
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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