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Property profile & analytics
OFF-MARKET
Apartment buildings
40 Main St Los Altos, CA 94022-2902
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US10-3182372
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1922
Construction
WOOD
Total area
2,127 SF
Lot
0.18 ac (7,885 SF)
Zoning code
CRS
APN
167-38-032
UPID
US10-3182372
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
-
The Law Offices of John P. McDonnell Law Firm
-
LASD Flag Football Charitable Organization Social Service Agency
-
Sorensen Theodore G Law Firm
-
Gunn Management Group Inc Law Firm
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
Keith W Reeves · 3 yrs held
Keith W Reeves
since 2023
7 recorded transactions
Zoning & alternative use
CRS · 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
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
$34,600
Tax year 2024
Assessed value
$2,889,733
Assessed 2024
Previous assessed
$2,889,733
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$2,535,091
Assessed improvement
$354,642
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1922
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
1
Units
1
Total area
2,127 SF
Lot
0.18 ac (7,885 SF)
Zoning code
CRS
APN
167-38-032
UPID
US10-3182372
Jurisdiction
SANTA CLARA
Zoning & alternative use
CRS · Los Altos, CA
Zoning CRS · permitted uses
CRS · 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
1922
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
0.18 ac
Current owner
From public records · entity-resolved
Keith W Reeves
Individual
Mailing address
40 MAIN ST, LOS ALTOS, CA 94022-2902
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 30, 2025
—
40 Main Street Offices LLC
—
Deed
related
$28,127,500 · Genesis Capital LLC
Mar 10, 2023
—
Keith W Reeves
Keith W Reeves
Intrafamily Transfer
related
—
Mar 8, 2019
—
40 Main Street Offices LLC
—
Deed
related
$1,400,000 · Miscellaneous Ins Co
May 14, 2007
—
40 Main Street Offices LLC
Williams & Barber Investments LLC
Grant Deed
$575,000 · Borel Private Bank & Trust Co
Feb 6, 2007
—
Williams & Barber Invs LLC
Williams & Barber Investments
Quit Claim Deed
—
—
—
40 Main Street Offices LLC
—
Deed Of Trust
related
$1,400,000 · Miscellaneous Ins Co
—
—
40 Main Street Offices LLC
—
Deed Of Trust
related
$775,000 · Torrey Pines Bank
—
—
40 Main Street Offices LLC
—
Deed Of Trust
related
$475,000 · Borel Private Bank & Trust Co
—
—
40 Main Street Offices LLC
—
Deed Of Trust
related
$475,000 · Borel Private Bank & Trust Co
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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