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Property profile & analytics
OFF-MARKET
Apartment buildings
35 Blarney Ln San Luis Obispo, CA 93405-7809
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US09-0100372
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1930
Construction
WOOD
Total area
429 SF
Lot
4.78 ac (208,216 SF)
Zoning code
RS
APN
067-081-006
UPID
US09-0100372
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
by Request
Owner & transaction history
Ventures General Ps Re · 12 yrs held
Ventures General Ps Re
since 2013
5 recorded transactions
Zoning & alternative use
RS · San Luis Obispo, 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 Luis Obispo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Luis Obispo 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
—
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
$15,480
Tax year 2024
Assessed value
$1,400,732
Assessed 2024
Previous assessed
$1,400,732
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$1,093,263
Assessed improvement
$307,469
Applied tax rate
112.0000
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
1930
Construction
WOOD
Heating
NONE
Buildings
6
Rooms
3
Bathrooms
1
Total area
429 SF
Lot
4.78 ac (208,216 SF)
Zoning code
RS
APN
067-081-006
UPID
US09-0100372
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
RS · San Luis Obispo, CAZoning RS · permitted uses
RS · San Luis Obispo, 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
1930
Construction
WOOD
Heating
NONE
Buildings
6
Rooms
3
Bathrooms
1
Lot
4.78 ac
Current owner
From public records · entity-resolved
Ventures General Ps Re
Entity
Mailing address
PO BOX 3123, SAN LUIS OBISPO, CA 93403-3123
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2013
—
Ventures General Ps Re
Elmore,jeffrey R
Grant Deed
$700,000 · Heritage Oaks Bank
Mar 31, 2005
—
Brendan Coalwell
Coalwell,kacy A
Quit Claim Deed
related
—
Mar 31, 2005
$1,025,000
Jeffrey R Elmore
Frank Brinar
Grant Deed
$675,000 · First Bank Of San Luis Obispo
Jun 30, 2000
$500,000
Frank Brinar
Waddell Trust
Grant Deed
$400,000 · Seller
—
—
Jeffrey R Elmore
—
Deed Of Trust
related
$93,750 · First Bank San Luis Obispo
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.
Try Rey
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