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Property profile & analytics
OFF-MARKET
Estimated value
$2,995,000
Bed & breakfasts
409 1st St Solvang, CA 93463-2713
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-0111295
Property profile
Verified
Property type
Bed & breakfasts
Use group
BED & BREAKFAST
Lot
0.16 ac (6,969 SF)
APN
139-192-011
UPID
US09-0111295
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
-
First & Oak Restaurant
-
The Mirabelle Inn Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.61M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.00M
Owner & transaction history
Four O Nine First LLC
Four O Nine First LLC
since 2025
Last sale
$3.3M
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 Solvang submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Solvang 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
$2,725,000
ML approach
$2,605,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.00M
Range $2.70M – $3.29M · ±10% · vs last sale $3.33M (Oct 21 2025)
Last sale anchor
$3.33M
Oct 21 2025
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
$36,837
Tax year 2024
Assessed value
$3,443,834
Assessed 2024
Previous assessed
$3,443,834
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$580,291
Assessed improvement
$2,863,543
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
Bed & breakfasts
Use group
BED & BREAKFAST
Status
Off-Market
Heating
NONE
Lot
0.16 ac (6,969 SF)
APN
139-192-011
UPID
US09-0111295
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
0.16 ac
Current owner
From public records · entity-resolved
Four O Nine First LLC
Entity
Mailing address
26050 MUREAU RD STE #102, CALABASAS, CA 91302-3171
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2026
—
Four O Nine First LLC
—
Deed
related
$2,500,000 · Riverside Vail Partners
Oct 21, 2025
$3,330,000
Four O Nine First LLC
Mirabelle Inn LLC
Grant Deed
$2,892,200 · First Savings Bank
Oct 4, 2021
—
Mirabelle Inn LLC
Topanga Park Property LLC
Quit Claim Deed
related
—
Jul 28, 2015
$2,995,000
Topanga Park Property LLC
Karen Jacks
Grant Deed
$1,600,000 · Monterey County Bank
Feb 6, 2014
$2,515,000
Karen Jacks
Bmbg LLC
Grant Deed
$2,550,000 · Monterey County Bank
Jun 28, 2006
$2,150,000
Bmbg LLC
Orton Trust
Grant Deed
$1,612,500 · Montecito Bank & Trust
Feb 29, 2000
—
Orton Trust
Orton,john G & Carol A
Quit Claim Deed
related
—
Apr 10, 1998
$1,050,000
John G Orton
Bomba,edward J & Angela
Grant Deed
—
Aug 10, 1992
—
Edward J Bonba
—
Grant Deed
related
$303,000 · Goleta National Bank
Jun 14, 1991
$169,000
Bomba,trust
Bakke,carrol L
Grant Deed
—
—
—
Bmbg LLC
—
Deed Of Trust
related
$1,657,500 · Business First National Bank
—
—
Edward J Bomba
—
Deed Of Trust
related
$75,000 · Goleta National Bank
—
—
Edward J Bomba
—
Deed Of Trust
related
$500,000 · Goleta National Bank
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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