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Property profile & analytics
OFF-MARKET
Estimated value
$1,235,000
Apartment buildings
453 5th St 463, Port Hueneme, CA 93041-2832
Entity Owned
3-yr Hold
Free & Clear
Property ID
US10-1604897
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Total area
3,250 SF
Lot
0.24 ac (10,454 SF)
Zoning code
R3
APN
207-0-130-095
UPID
US10-1604897
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
$1.30M
CAP Approach
CAP
$790k
Comparable Approach
Comparable
$1.41M
Blend (final)
Blend
$1.24M
Owner & transaction history
453 515 N Fifth Street LLC · 3 yrs held
453 515 N Fifth Street LLC
since 2022
Last sale
$1.2M
2 recorded transactions
Zoning & alternative use
R3 · Port Hueneme, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.4M
+44.5%
Office building
$1.2M
+31.8%
Medical building
$1.2M
+31.2%
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 Port Hueneme submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Port Hueneme 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
$1,245,000
ML approach
$1,300,000
CAP Approach
CAP Return
Estimation
6%
$855,000
6.5%
$790,000
7%
$735,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$940,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,360,000
Change: +45% · Conversion: Difficult
OFFICE BUILDING
$1,240,000
Change: +32% · Conversion: Moderate
MEDICAL BUILDING
$1,235,000
Change: +31% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,215,000
Change: +29% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,095,000
Change: +16% · Conversion: Moderate
WAREHOUSE, STORAGE
$945,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$1.24M
Range $1.11M – $1.36M · ±10% · vs last sale $1.20M (Sep 22 2022)
Last sale anchor
$1.20M
Sep 22 2022
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
$380 / 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
$14,383
Tax year 2023
Assessed value
$1,223,940
Assessed 2024
Previous assessed
$1,200,000
+2.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$489,600
Assessed improvement
$734,340
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Heating
NONE
Total area
3,250 SF
Lot
0.24 ac (10,454 SF)
Zoning code
R3
APN
207-0-130-095
UPID
US10-1604897
Jurisdiction
VENTURA
Zoning & alternative use
R3 · Port Hueneme, CA
Zoning R3 · permitted uses
R3 · Port Hueneme, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Port Hueneme. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$940,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$945,000
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
Heating
NONE
Lot
0.24 ac
Current owner
From public records · entity-resolved
453 515 N Fifth Street LLC
Entity
Free & Clear · 3 yrs held
Mailing address
7390 HIGHTOP ST, MOORPARK, CA 93021-5093
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 22, 2022
—
453 515 N Fifth Street LLC
Eric William Lipp
Intrafamily Transfer
related
—
Sep 7, 2022
$1,200,000
Eric William Lipp
Diana W Paul
Grant Deed
$900,000 · Montecito Bank & Trust
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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