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Property profile & analytics
OFF-MARKET
Estimated value
$31,305,000
Apartment buildings
398 Ortega Ave Mountain View, CA 94040-6200
Individually Owned
11-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-3392853
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2017
Construction
WOOD
Total area
137,334 SF
Lot
1.61 ac (70,200 SF)
Zoning code
P(40)
APN
148-29-024
UPID
US09-3392853
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
-
Anton Ladera Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$40.16M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$31.31M
Owner & transaction history
Matthew S Pear · 11 yrs held
Matthew S Pear
since 2015
4 recorded transactions
Zoning & alternative use
P(40) · Mountain View, 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 Mountain View submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mountain View 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%
$43,505,000
6.5%
$40,160,000
7%
$37,290,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$48,820,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$31.31M
Range $28.17M – $34.44M · ±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
$228 / 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
$905,451
Tax year 2024
Assessed value
$95,554,205
Assessed 2024
Previous assessed
$95,554,205
+0.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$21,641,068
Assessed improvement
$73,913,137
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2017
Construction
WOOD
Heating
NONE
Cooling
NONE
Stories
4
Units
144
Rooms
4
Bathrooms
1
Total area
137,334 SF
Lot
1.61 ac (70,200 SF)
Zoning code
P(40)
APN
148-29-024
UPID
US09-3392853
Jurisdiction
SANTA CLARA
Zoning & alternative use
P(40) · Mountain View, CA
Zoning P(40) · permitted uses
P(40) · Mountain View, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mountain View. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE
Est. value
$48.8M
WAREHOUSE, STORAGE
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
2017
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
4
Units
144
Rooms
4
Bathrooms
1
Lot
1.61 ac
Current owner
From public records · entity-resolved
Matthew S Pear
Individual
Free & Clear · 11 yrs held
Mailing address
1610 R ST STE #250, SACRAMENTO, CA 95811-6685
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
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
Jul 28, 2022
—
Anton Mountain View LLC
—
Deed
related
$34,595,000 · Berkeley Point Capital LLC
Jul 14, 2015
—
Matthew S Pear
Pear Matthew
Quit Claim Deed
related
—
Jun 25, 2012
—
Matthew Pear
Pear John Trust
Quit Claim Deed
related
—
Dec 24, 1992
—
Joseph&john,pear Trust
Pear,j./pear,j.
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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