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Property profile & analytics
OFF-MARKET
Estimated value
$1,590,000
Apartment buildings
469 Avenida De Socios 1 Nipomo, CA 93444-8985
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1234477
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1994
Construction
WOOD
Total area
4,957 SF
Lot
1.33 ac (57,934 SF)
Zoning code
RMF
APN
092-142-017
UPID
US09-1234477
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
by Request
CAP Approach
CAP
$1.47M
Comparable Approach
Comparable
$1.14M
Blend (final)
Blend
$1.59M
Owner & transaction history
Woodlake Apartment Associates LLC · 12 yrs held
Woodlake Apartment Associates LLC
since 2013
6 recorded transactions
Zoning & alternative use
RMF · Nipomo, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.4M
+28.6%
Auto repair, garage
$2.3M
+23.3%
Commercial (general)
$2.3M
+22.6%
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 Nipomo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Nipomo 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%
$1,595,000
6.5%
$1,470,000
7%
$1,365,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,835,000
Current use
OFFICE BUILDING
$2,365,000
Change: +29% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,265,000
Change: +23% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,250,000
Change: +23% · Conversion: Moderate
MEDICAL BUILDING
$2,035,000
Change: +11% · Conversion: Moderate
RETAIL STORES
$1,605,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$1.59M
Range $1.43M – $1.75M · ±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
$321 / 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
$41,609
Tax year 2024
Assessed value
$3,966,019
Assessed 2024
Previous assessed
$3,966,019
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$540,818
Assessed improvement
$3,425,201
Applied tax rate
52.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1994
Construction
WOOD
Heating
NONE
Buildings
4
Bathrooms
12
Total area
4,957 SF
Lot
1.33 ac (57,934 SF)
Zoning code
RMF
APN
092-142-017
UPID
US09-1234477
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
RMF · Nipomo, CA
Zoning RMF · permitted uses
RMF · Nipomo, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Nipomo. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.8M
OFFICE BUILDING
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$2.3M
MEDICAL BUILDING
Est. value
$2.0M
RETAIL STORES
Est. value
$1.6M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RETAIL STORES
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
1994
Construction
WOOD
Heating
NONE
Buildings
4
Bathrooms
12
Lot
1.33 ac
Current owner
From public records · entity-resolved
Woodlake Apartment Associates LLC
Entity
Mailing address
11845 W OLYMPIC BLVD1125W, LOS ANGELES, CA 90064-1149
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
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
Nov 17, 2021
—
Woodlake Apartment Associates LLC
—
Deed
related
$250,000 · Jpmorgan Chase Bank NA
Sep 13, 2018
—
Woodlake Apartment Associates LLC
—
Deed
related
$2,900,000 · Jpmorgan Chase Bank NA
Jul 26, 2013
$3,300,000
Woodlake Apartment Associates LLC
The Groedig Corporation
Grant Deed
—
Feb 1, 1994
$204,000
Groedig Corp
Fleming,peter J
Grant Deed
$1,210,000 · Los Padres Savings Bank
Mar 2, 1989
$164,000
P J Fleming
Lewis Corp
Grant Deed
—
—
—
Groedig Corp
—
Deed Of Trust
related
$1,600,000 · United Commercial 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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