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Property profile & analytics
OFF-MARKET
Estimated value
$2,610,000
Apartment buildings
335 Torino Dr, San Carlos, CA 94070-2874
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US09-1292949
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1961
Total area
11,618 SF
Lot
0.69 ac (29,966 SF)
Zoning code
R3000G
APN
050-172-180
UPID
US09-1292949
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.61M
Owner & transaction history
Midpen Resource LLC · 6 yrs held
Midpen Resource LLC
since 2020
6 recorded transactions
Zoning & alternative use
R3000G · San Carlos, 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 San Carlos submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Carlos 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$225 / 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
$46,148
Tax year 2024
Assessed value
$2,832,272
Assessed 2024
Previous assessed
$2,832,272
+0.0% YoY
Effective rate
1.63%
On assessed value
Assessed land
$1,416,136
Assessed improvement
$1,416,136
Applied tax rate
11.0000
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
1961
Heating
NONE
Stories
3
Units
11
Rooms
39
Bathrooms
11
Total area
11,618 SF
Lot
0.69 ac (29,966 SF)
Zoning code
R3000G
APN
050-172-180
UPID
US09-1292949
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
R3000G · San Carlos, CA
Zoning R3000G · permitted uses
R3000G · San Carlos, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
San Carlos. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1961
Heating
NONE
Stories
3
Units
11
Rooms
39
Bathrooms
11
Lot
0.69 ac
Current owner
From public records · entity-resolved
Midpen Resource LLC
Entity
Mailing address
PO BOX 31338, SAN FRANCISCO, CA 94131-0338
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 7, 2020
—
Midpen Resource LLC
West Grove Holdings LLC
Grant Deed
$3,160,000 · Jpmorgan Chase Bank NA
Jul 22, 2016
—
West Grove Holdings LLC
—
Deed
related
$2,830,000 · Jpmorgan Chase Bank NA
Mar 6, 2012
$2,300,000
West Grove Holdings LLC
Judy Martinelli Halmi
Grant Deed
$1,500,000 · Chong Hing Bank Limited
Mar 30, 2010
—
Judy M Halmi
Martinelli W SR 1992 Trust
Grant Deed
related
—
Jul 27, 2007
—
Judy Halmi
Martinelli,william
Affidavit Of Death
related
—
May 19, 1992
—
William Martinelli Trust
Martinelli,willi
Quit Claim Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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