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Property profile & analytics
OFF-MARKET
Motels
431 Bath St A, Santa Barbara, CA 93101-8041
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US09-0166695
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1920
Total area
1,117 SF
Lot
0.17 ac (7,405 SF)
APN
037-192-004
UPID
US09-0166695
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
-
Adult Community Based Class High School
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
Carrillo Apartments LLC · 11 yrs held
Carrillo Apartments LLC
since 2015
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 Santa Barbara submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Santa Barbara 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
$11,080
Tax year 2024
Assessed value
$1,041,769
Assessed 2024
Previous assessed
$1,041,769
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$789,446
Assessed improvement
$252,323
Applied tax rate
2.0000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1920
Heating
NONE
Bathrooms
1
Total area
1,117 SF
Lot
0.17 ac (7,405 SF)
APN
037-192-004
UPID
US09-0166695
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
Year built
1920
Heating
NONE
Bathrooms
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Carrillo Apartments LLC
Entity
Mailing address
PO BOX 4853, SANTA BARBARA, CA 93140-4853
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 4, 2015
$138,500
Carrillo Apartments LLC
Loza Family Trust
Grant Deed
$686,905 · Ignacio SR Loza
May 4, 2015
—
Ignacio Loza SR.
Loza Raquel J
Affidavit Of Death
related
—
Jun 3, 2011
—
Loza Family Living Trust
Loza Family Living Trust
Quit Claim Deed
related
—
Mar 23, 2010
—
Loza Family Living Trust
Loza,ignacio JR
Quit Claim Deed
related
—
Apr 7, 2009
—
Loza Family Trust
Loza Family Trust
Quit Claim Deed
related
—
Aug 31, 2004
—
Loza Trust
Loza,ignacio
Quit Claim Deed
related
—
Aug 25, 2004
—
Ignacio Loza
Loza,raquel J
Quit Claim Deed
related
$700,000 · Mit Lending
May 3, 2002
—
George E Richardson
Powell,steven L & Debra L
Grant Deed
$475,000 · Wells Fargo Home Mortgage INC
Mar 9, 2000
—
Steven L Powell
—
Grant Deed
related
$350,000 · First Bank & Trust
Aug 19, 1998
$250,000
Powell,steven L & Debra L
Uribe,tommy
Trustees Deed
$180,000 · Ronald L Wolfe & Associates
Aug 19, 1998
—
Linda Duffey
Duffey,mary S
Quit Claim Deed
related
—
—
—
Lupe U Burrola
—
Deed Of Trust
related
$89,855 · Housing Authority Santa Barbar
—
—
Steven L Powell
—
Deed Of Trust
related
$425,000 · Theodore M Simmons
—
—
George E Richardson
—
Deed Of Trust
related
$100,000 · Wells Fargo 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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