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Property profile & analytics
OFF-MARKET
Estimated value
$1,515,000
Apartment buildings
335 Soledad St, Salinas, CA 93901-3569
Individually Owned
1-yr Hold
Free & Clear
Property ID
US10-2171959
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1937
Construction
WOOD
Total area
5,914 SF
Lot
0.22 ac (9,750 SF)
APN
002-222-013-000
UPID
US10-2171959
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
$1.52M
CAP Approach
CAP
$1.47M
Comparable Approach
Comparable
$1.94M
Blend (final)
Blend
$1.52M
Owner & transaction history
Cris Alcaraz · 1 yrs held
Cris Alcaraz
since 2025
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$2.4M
+86.6%
Auto repair, garage
$2.4M
+81.0%
Medical building
$1.8M
+40.6%
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 Salinas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Salinas 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
$1,480,000
ML approach
$1,520,000
CAP Approach
CAP Return
Estimation
6%
$1,585,000
6.5%
$1,465,000
7%
$1,360,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,305,000
Current use
INDUSTRIAL (GENERAL)
$2,430,000
Change: +87% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,360,000
Change: +81% · Conversion: Difficult
MEDICAL BUILDING
$1,830,000
Change: +41% · Conversion: Moderate
OFFICE BUILDING
$1,750,000
Change: +34% · Conversion: Moderate
RETAIL STORES
$1,725,000
Change: +32% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,720,000
Change: +32% · Conversion: Moderate
Blend value · Realmo final
$1.52M
Range $1.36M – $1.67M · ±10% · vs last sale $1.55M (Mar 27 2025)
Last sale anchor
$1.55M
Mar 27 2025
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
$256 / 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
$17,061
Tax year 2023
Assessed value
$1,471,493
Assessed 2023
Previous assessed
$1,471,493
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$525,588
Assessed improvement
$945,905
Applied tax rate
5.0000
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
1937
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Stories
2
Units
8
Rooms
8
Bathrooms
8
Total area
5,914 SF
Lot
0.22 ac (9,750 SF)
APN
002-222-013-000
UPID
US10-2171959
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
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.3M
INDUSTRIAL (GENERAL)
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$2.4M
MEDICAL BUILDING
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.8M
RETAIL STORES
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$1.7M
APARTMENT HOUSE (5+ UNITS) Current
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
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
1937
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Stories
2
Units
8
Rooms
8
Bathrooms
8
Lot
0.22 ac
Current owner
From public records · entity-resolved
Cris Alcaraz
Individual
Free & Clear · 1 yrs held
Mailing address
12732 SUNDANCE LN, CARMEL VALLEY, CA 93924-9483
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 27, 2025
$1,550,000
Cris Alcaraz
Ho Pak Jung
Grant Deed
—
Nov 4, 2020
—
Ho Pak Jung
Ho Pak Jung
Intrafamily Transfer
related
$700,000 · Luther Burbank Savings
Sep 27, 2019
$1,400,000
Pak,jung-ho Living Trust
Brunner Basil/ C F/tr
Grant Deed
—
Feb 20, 2019
—
Brunner Basil Of Carmen F & Tr U Trust
Brunner,basil G
Affidavit Of Death
related
—
May 15, 2018
—
Payne 2010 Trust
Payne,elizabeth
Quit Claim Deed
related
—
Feb 20, 2018
—
Brunner,sheila 2017 Trust
2017 Sheila B Trust
Quit Claim Deed
related
—
Dec 14, 2017
—
Brunner,sheila 2017 Trust
Brunner,sheila
Quit Claim Deed
related
—
Feb 14, 2017
—
Brunner,b & C Family Trust
Brunner,basil G
Quit Claim Deed
related
—
Jan 26, 2017
—
Basil G Brunner
Berwick Albert E JR Trust
Quit Claim Deed
related
—
Feb 25, 2016
—
Brunner,b & C Family Trust
Brunner B/c Family Trust
Quit Claim Deed
related
—
Apr 28, 1997
—
Berwick Trust
Berwick,albert E
Quit Claim Deed
related
—
Aug 3, 1992
$410,000
Albert E Berwick
Brown Trust
Grant Deed
$300,000 · Home Savings Of America
—
—
Ethlyn Brown
—
Deed Of Trust
related
$50,000 · Consolidated Lenders
—
—
Ethlyn Brown
—
Deed Of Trust
related
$259,000 · Western Federal Savings & Loan
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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