Back to Search
Property profile & analytics
FOR SALE
Retail space
376 1St St Los Altos, CA 94022
Trust Owned
7-yr Hold
~
Est. High Equity
Property ID
US09-3081965
For Sale
1 / 2
$1,005,000
376 1St St, Los Altos, CA 94022
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1951
Construction
WOOD
Total area
2,492 SF
Lot
0.2 ac (8,670 SF)
Zoning code
CD
APN
167-41-052
UPID
US09-3081965
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
-
La Scala - Los Altos Restaurant
-
Callao Peruvian cuisine Restaurant
-
Cafe La Scala Italian Restaurant Bar & Cafe Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.04M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.01M
Owner & transaction history
Unlu Trust · 7 yrs held
Unlu Trust
since 2019
7 recorded transactions
Zoning & alternative use
CD · Los Altos, 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 Los Altos submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Los Altos 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%
$1,120,000
6.5%
$1,035,000
7%
$960,000
Blend value · Realmo final
$1.01M
Range $905k – $1.11M · ±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
$403 / 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
$18,255
Tax year 2024
Assessed value
$1,357,049
Assessed 2024
Previous assessed
$1,357,049
+0.0% YoY
Effective rate
1.35%
On assessed value
Assessed land
$599,414
Assessed improvement
$757,635
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1951
Construction
WOOD
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Total area
2,492 SF
Lot
0.2 ac (8,670 SF)
Zoning code
CD
APN
167-41-052
UPID
US09-3081965
Jurisdiction
SANTA CLARA
Zoning & alternative use
CD · Los Altos, CA
Zoning CD · permitted uses
CD · Los Altos, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Los Altos. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1951
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
0.2 ac
Current owner
From public records · entity-resolved
Unlu Trust
Trust
Mailing address
376 1ST ST, LOS ALTOS, CA 94022-3601
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
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
Aug 30, 2024
—
Jan Unlu Ismail
—
Deed
related
$1,500,000 · East West Bank
May 2, 2019
—
Unlu Trust
Draegers Super Markets
Quit Claim Deed
related
—
Aug 21, 2018
—
Unlu Trust
Unlu,ismail & Meral
Quit Claim Deed
related
—
Dec 11, 2017
—
Ismail Unlu
—
Deed
related
$1,699,900 · East West Bk
Dec 15, 2016
—
Ismail Unlu
—
Deed
related
$100,000 · Licht Norman M Trust (rt)
Jul 9, 1998
$850,000
Ismail Unlu
Frenay Trust
Grant Deed
$500,000 · Seller
Jun 10, 1996
—
Frenay Trust
Frenay,emmanuel & Anne M
Quit Claim Deed
related
—
—
—
Ismail Unlu
—
Deed Of Trust
related
$175,000 · Licht Norman M 1991 Trust
—
—
Ismail Unlu
—
Deed Of Trust
related
$750,000 · East West Bank
—
—
Ismail Unlu
—
Deed Of Trust
related
$150,000 · Bank Of Santa Clara
—
—
Ismail Unlu
—
Deed Of Trust
related
$100,000 · Licht Norman M Trust (rt)
—
—
Ismail Unlu
—
Loan Modification
related
$1,699,900 · East West Bk
—
—
Ismail Unlu
—
Deed Of Trust
related
$520,000 · East West Bank
—
—
Ismail Unlu
—
Deed Of Trust
related
$137,475 · Bank Of Santa Clara
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
