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Property profile & analytics
OFF-MARKET
Estimated value
$11,150,000
Apartment buildings
3860 Park Blvd Palo Alto, CA 94306-3491
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-1801658
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1960
Construction
WOOD
Total area
23,633 SF
Lot
0.82 ac (35,640 SF)
Zoning code
RM4
APN
132-41-068
UPID
US09-1801658
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
-
HW Communications IT Consulting Firm (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.15M
CAP Approach
CAP
$6.91M
Comparable Approach
Comparable
$9.12M
Blend (final)
Blend
$11.15M
Owner & transaction history
Park Ventura Partners LLC · 1 yrs held
Park Ventura Partners LLC
since 2024
Last sale
$11.2M
4 recorded transactions
Zoning & alternative use
RM4 · Palo Alto, 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 Palo Alto submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palo Alto 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
$11,150,000
ML approach
$11,150,000
CAP Approach
CAP Return
Estimation
6%
$7,485,000
6.5%
$6,910,000
7%
$6,415,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$12,985,000
Current use
Blend value · Realmo final
$11.15M
Range $10.04M – $12.27M · ±10% · vs last sale $11.15M (Aug 1 2024)
Last sale anchor
$11.15M
Aug 1 2024
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
$472 / 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
$13,592
Tax year 2024
Assessed value
$1,031,722
Assessed 2024
Previous assessed
$1,031,722
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$235,544
Assessed improvement
$796,178
Applied tax rate
6.0000
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
1960
Construction
WOOD
Heating
CENTRAL
Cooling
NONE
Stories
2
Units
28
Total area
23,633 SF
Lot
0.82 ac (35,640 SF)
Zoning code
RM4
APN
132-41-068
UPID
US09-1801658
Jurisdiction
SANTA CLARA
Zoning & alternative use
RM4 · Palo Alto, CA
Zoning RM4 · permitted uses
RM4 · Palo Alto, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Palo Alto. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$13.0M
APARTMENT HOUSE (5+ UNITS) Current
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
1960
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
28
Lot
0.82 ac
Current owner
From public records · entity-resolved
Park Ventura Partners LLC
Entity
Free & Clear · 1 yrs held
Mailing address
3021 CITRUS CIR STE #130, WALNUT CREEK, CA 94598-2635
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 11, 2025
—
Park Ventura Partners LLC
—
Deed
related
$6,600,000 · Citizens Bank NA
Aug 1, 2024
$11,150,000
Park Ventura Partners LLC
Paul Vincent Morris
Grant Deed
—
Dec 24, 2001
—
Morris Trust
Morris Trust
Quit Claim Deed
related
—
Dec 9, 1993
—
Pual,vincent Morris Trust
Morris,marie B T
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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