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Property profile & analytics
OFF-MARKET
Estimated value
$1,070,000
Apartment buildings
427 Ojai Rd Santa Paula, CA 93060-2220
Entity Owned
2-yr Hold
Free & Clear
Property ID
US10-1494527
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Construction
WOOD
Total area
6,400 SF
Lot
0.37 ac (16,117 SF)
Zoning code
R-3
APN
101-0-141-175
UPID
US10-1494527
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.20M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.07M
Owner & transaction history
Ojai Road Properties LLC · 2 yrs held
Ojai Road Properties LLC
since 2023
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
R-3 · Santa Paula, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Medium-High Density Residential Zone (R-3). The R-3 zone provides areas to accommodate apartments, condominiums, townhomes, and other multi-family dwellings, although single-family and duplex residences are also permitted. Multi-family developments in this zone are characterized by dwellings containing private open space features, as well as common open spac…
Zone name
Residential Medium High Density
General category
RESIDENTIAL
Zone area
120.59 ac
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 Santa Paula submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Santa Paula 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
$1,065,000
ML approach
$1,195,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.07M
Range $963k – $1.18M · ±10% · vs last sale $1.01M (Sep 19 2023)
Last sale anchor
$1.01M
Sep 19 2023
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
$167 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$15,879
Tax year 2023
Assessed value
$1,392,133
Assessed 2024
Previous assessed
$1,364,837
+2.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$696,951
Assessed improvement
$695,182
Applied tax rate
4.0000
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
Construction
WOOD
Heating
NONE
Total area
6,400 SF
Lot
0.37 ac (16,117 SF)
Zoning code
R-3
APN
101-0-141-175
UPID
US10-1494527
Jurisdiction
VENTURA
Zoning & alternative use
R-3 · Santa Paula, CAZoning R-3 · permitted uses
R-3 · Santa Paula, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Medium-High Density Residential Zone (R-3). The R-3 zone provides areas to accommodate apartments, condominiums, townhomes, and other multi-family dwellings, although single-family and duplex residences are also permitted. Multi-family developments in this zone are characterized by dwellings containing private open space features, as well as common open space and recreational amenities. The maximum permitted density is 21 units per acre. Development standards for the R-3 zone are shown in Table 13-2. (G)
Zone name
Residential Medium High Density
General category
RESIDENTIAL
Zone area
120.59 ac
Building & site characteristics
From public records
Construction
WOOD
Heating
NONE
Lot
0.37 ac
Current owner
From public records · entity-resolved
Ojai Road Properties LLC
Entity
Free & Clear · 2 yrs held
Mailing address
1515 S SATICOY AVE APT #12, VENTURA, CA 93004-1852
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 19, 2023
—
Ojai Road Properties LLC
Nicolas Esquivel
Quit Claim Deed
related
—
Sep 6, 2023
—
Nicolas Esquivel
Esquivel Property Management INC
Intrafamily Transfer
related
—
Jan 7, 2011
—
Esquivel Property Mgmt INC
Esquivel,nicolas & Elvira
Quit Claim Deed
related
—
May 16, 2007
—
Nicolas Esquivel
Nicolas Esquivel
Intrafamily Transfer
related
$690,000 · Washington Mutual Bank
Oct 28, 2003
$1,012,500
Nicolas Esquivel
Reyes Investments
Grant Deed
$708,750 · Santa Barbara Bank & Trust
Nov 17, 1989
$217,500
Reyes Investment
Araiza Laura M
Grant Deed
related
—
Oct 12, 1988
$500,000
Richard Araiza
Continental Land
Trustees Deed
$400,000 · Santa Paula Savings & Loan
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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