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Property profile & analytics
OFF-MARKET
Estimated value
$6,940,000
Office buildings
4898 El Camino Real Los Altos, CA 94022-1448
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-2056558
Property summary
AI-generated overview
This exceptional 0.434-acre development opportunity is located at 4898 El Camino Real in the highly desirable Los Altos, California (94022), within Santa Clara County. The property presents a rare chance to create a thriving mixed-use community in the heart of Silicon Valley. Its zoning allows for multiple development possibilities, including market-rate housing, affordable housing, and senior living. Previously entitled for senior living, complete plans are available for review during due diligence. Feasibility studies for affordable and senior housing are also provided to prospective buyers for their independent verification with the city. This high-density site caters to the significant demand for diverse housing options in this sought-after area. The seller is reviewing all offers received. The property's location in Los Altos offers unparalleled access to Silicon Valley's vibrant tech scene, excellent schools, and upscale amenities. This is a unique chance to build a sophisticated residential community that meets the needs of discerning professionals and residents. Buyers are responsible for verifying all permitted uses with the city of Los Altos.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1959
Construction
WOOD
Total area
8,324 SF
Lot
0.44 ac (19,000 SF)
Zoning code
CT
APN
170-03-085
UPID
US10-2056558
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
-
Presto Professional Institute High School Vocational School
-
Guitar Lessons with Josh Friedman Training Center Tutoring Service
-
Mia Beauty Day Spa Medical Clinic Skin Care Clinic
-
Fit To Market Corporate Office Business Park
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.69M
CAP Approach
CAP
$4.81M
Comparable Approach
Comparable
$8.35M
Blend (final)
Blend
$6.94M
Owner & transaction history
Adl 15 LLC · 4 yrs held
Adl 15 LLC
since 2022
Last sale
$6.8M
4 recorded transactions
Zoning & alternative use
CT · Los Altos, CA
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 Los Altos submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Los Altos 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
$7,475,000
ML approach
$6,685,000
CAP Approach
CAP Return
Estimation
6%
$5,205,000
6.5%
$4,805,000
7%
$4,460,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$10,000,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$8,555,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$6.94M
Range $6.25M – $7.63M · ±10% · vs last sale $6.80M (Jul 1 2022)
Last sale anchor
$6.80M
Jul 1 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
$834 / 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
$80,642
Tax year 2024
Assessed value
$6,936,000
Assessed 2024
Previous assessed
$6,936,000
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$6,885,000
Assessed improvement
$51,000
Applied tax rate
11.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1959
Construction
WOOD
Heating
NONE
Cooling
NONE
Stories
2
Total area
8,324 SF
Lot
0.44 ac (19,000 SF)
Zoning code
CT
APN
170-03-085
UPID
US10-2056558
Jurisdiction
SANTA CLARA
Zoning & alternative use
CT · Los Altos, CA
Zoning CT · permitted uses
CT · Los Altos, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Los Altos. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$10.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.6M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
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
1959
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Lot
0.44 ac
Current owner
From public records · entity-resolved
Adl 15 LLC
Entity
Mailing address
329 S SAN ANTONIO RD STE #4, LOS ALTOS, CA 94022-3637
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2022
$6,800,000
Adl 15 LLC
Los Caminos Altos LP
Grant Deed
$6,500,000 · Arixa Enhanced Income Fund LP
Aug 30, 2021
—
Los Caminos Altos LP
Sai P Raya
Quit Claim Deed
related
—
Oct 15, 2008
$2,755,000
Los Caminos Altos
Gundunas Family Trust
Grant Deed
—
Apr 27, 1998
—
Gundunas Trust
Gundunas,lewis & Peggy J
Quit Claim Deed
related
—
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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