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Property profile & analytics
OFF-MARKET
Estimated value
$3,415,000
Apartment buildings
425 Stratford Ct, Del Mar, CA 92014-2759
Individually Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8868626
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1960
Total area
15,390 SF
Lot
0.53 ac (23,086 SF)
Zoning code
COMMERCIAL
APN
300-321-57-00
UPID
US09-8868626
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
-
Carmen Aguilar Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.94M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.42M
Owner & transaction history
Madeline Scarpella · 8 yrs held
Madeline Scarpella
since 2018
6 recorded transactions
Zoning & alternative use
COMMERCIAL · Del Mar, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$5.6M
+14.5%
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 Del Mar submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Del Mar 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%
$4,260,000
6.5%
$3,935,000
7%
$3,655,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$4,845,000
Current use
OFFICE BUILDING
$5,550,000
Change: +15% · Conversion: Moderate
Blend value · Realmo final
$3.42M
Range $3.07M – $3.76M · ±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
$222 / 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
$85,827
Tax year 2024
Assessed value
$7,971,744
Assessed 2024
Previous assessed
$7,971,744
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$6,029,056
Assessed improvement
$1,942,688
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
1960
Heating
NONE
Units
18
Total area
15,390 SF
Lot
0.53 ac (23,086 SF)
Zoning code
COMMERCIAL
APN
300-321-57-00
UPID
US09-8868626
Jurisdiction
SAN DIEGO
Zoning & alternative use
COMMERCIAL · Del Mar, CA
Zoning COMMERCIAL · permitted uses
COMMERCIAL · Del Mar, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Del Mar. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$4.8M
OFFICE BUILDING
Est. value
$5.6M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
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
Heating
NONE
Units
18
Lot
0.53 ac
Current owner
From public records · entity-resolved
Madeline Scarpella
Individual
Mailing address
1055 6TH AVE STE #101, SAN DIEGO, CA 92101-5229
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 13, 2018
—
Madeline Scarpella
Scarpella Trust B
Quit Claim Deed
related
—
Oct 24, 2005
—
Michael Scarpella
Scarpella,juliet B
Quit Claim Deed
related
—
Oct 24, 2005
$5,950,000
Scarpella Trust
Waite R R & J C Fam Trust
Grant Deed
—
Aug 4, 2003
—
Waite,tr
Waite,tr
Quit Claim Deed
related
$2,100,000 · Washington Mutual Fsb
Nov 30, 2000
$2,838,500
Waite Trust
Arlene M Freeland Trustee
Grant Deed
$2,075,000 · Arlene M Freeland Trustee
—
—
Waite Trust
—
Deed Of Trust
related
$2,105,000 · Washington Mutual Fsb
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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