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Property profile & analytics
OFF-MARKET
Estimated value
$12,185,000
Mobile home & RV parks
3950 Via Real, Carpinteria, CA 93013-1238
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US09-1798501
Property profile
Verified
Property type
Mobile home & RV parks
Use group
MOBILE HOME PARK, TRAILER PARK
Lot
22.28 ac (970,516 SF)
APN
005-430-021
UPID
US09-1798501
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
-
Future Communications Telecommunications Service General Contractor
-
PJ's Signs (Bike/Boat/Book/etc) Store Printing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.85M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.19M
Owner & transaction history
Pcp Sandpiper LP · 5 yrs held
Pcp Sandpiper LP
since 2020
Last sale
$11.9M
7 recorded transactions
Zoning & alternative use
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 Carpinteria submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Carpinteria 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
$15,110,000
ML approach
$9,850,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$12.19M
Range $10.97M – $13.40M · ±10% · vs last sale $11.89M (Dec 16 2020)
Last sale anchor
$11.89M
Dec 16 2020
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
—
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
$365,942
Tax year 2024
Assessed value
$12,617,763
Assessed 2024
Previous assessed
$12,617,763
+0.0% YoY
Effective rate
2.90%
On assessed value
Assessed land
$11,556,555
Assessed improvement
$1,061,208
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
Mobile home & RV parks
Use group
MOBILE HOME PARK, TRAILER PARK
Status
Off-Market
Heating
NONE
Lot
22.28 ac (970,516 SF)
APN
005-430-021
UPID
US09-1798501
Jurisdiction
SANTA BARBARA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Lot
22.28 ac
Current owner
From public records · entity-resolved
Pcp Sandpiper LP
Entity
Mailing address
PO BOX 11427, SANTA ANA, CA 92711-1427
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2020
$11,890,000
Pcp Sandpiper LP
G Andrew Bailard
Grant Deed
$10,120,000 · First American Title Insurance
Dec 16, 2020
—
Bailard,jeano Trust
Jeano Bailard
Affidavit Of Death
related
—
Jul 8, 2019
$220,000
Sharon S Morrison
Coveny Richard C
Grant Deed
—
Dec 26, 2018
—
Saxby,donald M Trust
Morrison Sally S Trust
Quit Claim Deed
related
—
Nov 27, 2017
—
Coveny,carleton T Living Trust
Carleton T Coveny Living Trrt
Quit Claim Deed
related
—
Aug 30, 2017
—
Brent M Johnstone
Johnstone William B III L
Quit Claim Deed
related
—
Apr 17, 2017
—
Brent M Johnstone
Johnstone W B III Trust
Quit Claim Deed
related
—
Aug 13, 2009
—
Carleton T Coveny
Owner Name Unavailable
Grant Deed
related
—
Oct 16, 2008
$1,000,000
Pembroke Leslie 2008 Trust
Pembroke,leslie
Grant Deed
related
—
Oct 18, 2001
—
Coveny Trust
Coveny,jacque B
Quit Claim Deed
related
—
Jan 3, 2000
—
Johnstone Trust
Johnstone Trust
Quit Claim Deed
related
—
Jul 20, 1995
—
Donald T Saxby
Saxby Trust
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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