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Property profile & analytics
OFF-MARKET
Assisted living facilities
45 Alamar Ave, Santa Barbara, CA 93105-3403
Trust Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-5068078
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Lot
0.22 ac (9,583 SF)
APN
051-132-006
UPID
US09-5068078
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
-
Villa Alamar Nursing Home Retirement Community
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
Mcelhenny 1999 Trust · 8 yrs held
Mcelhenny 1999 Trust
since 2018
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
$24,228
Tax year 2024
Assessed value
$2,286,810
Assessed 2024
Previous assessed
$2,286,810
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$948,189
Assessed improvement
$1,338,621
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Heating
NONE
Lot
0.22 ac (9,583 SF)
APN
051-132-006
UPID
US09-5068078
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
0.22 ac
Current owner
From public records · entity-resolved
Mcelhenny 1999 Trust
Trust
Mailing address
2120 SANTA BARBARA ST, SANTA BARBARA, CA 93105-3544
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 19, 2018
—
Mcelhenny 1999 Trust
Villa Alamar Holding Co LLC
Quit Claim Deed
related
$1,729,500 · American Riviera Bk
Jun 19, 2018
$5,765,000
G And V 2 LP
Michael P Macelhenny
Grant Deed
$2,882,500 · American Rivers Bank
Jan 3, 2018
$150,000
Mpm Villa Alamar 2014 LLC
Martson Jacqueline M Livi
Grant Deed
—
Dec 3, 2015
—
Marston,j M Living Trust
Marston,jacqueline M
Quit Claim Deed
related
—
Oct 23, 2015
—
Mpm Villa Alamar 2014 LLC
Villa Alamar Holding Co LLC
Quit Claim Deed
—
May 14, 2003
—
Villa Alamar Holding Co LLC
Macelhenny,bernard J
Quit Claim Deed
related
—
Jul 10, 2002
—
Bernard J Macelhenny
Bankers Mortgage Realty Adviso
Grant Deed
related
—
Mar 8, 2001
—
Bankers Mortgage Realty Adviso
—
Trustees Deed
related
$3,065 · Santa Barbara Bank & Trust
Dec 6, 1995
$1,096,000
Bankers Mtg Realty Advisors
Schick's Shadel Hospital
Grant Deed
related
$546,868 · Seller
—
—
Villa Alamar Holding Co LLC
—
Deed Of Trust
related
$3,272,000 · Rabobank
—
—
G & V 2lp
—
Deed Of Trust
related
$2,822,500 · American Riviera Bk
—
—
Bankers Mortgage Realty Adviso
—
Deed Of Trust
related
$650,000 · Bankers Mortgage Realty Adviso
—
—
Bankers Mortgage Realty Adviso
—
Deed Of Trust
related
—
—
—
Villa Alamar Holding Co LLC
—
Deed Of Trust
related
$3,500,000 · Rabobank
—
—
Bankers Mtg Realty Advisors
—
Deed Of Trust
related
$50,000 · Bankers Mtg Realty Advisors
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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