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Property profile & analytics
OFF-MARKET
Estimated value
$1,330,000
Apartment buildings
505 11th St 1, San Miguel, CA 93451-9135
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1852846
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Lot
0.17 ac (7,500 SF)
Zoning code
RMF
APN
021-291-005
UPID
US09-1852846
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
$1.34M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.33M
Owner & transaction history
Las 4 Sirenas Property Management L · 1 yrs held
Las 4 Sirenas Property Management L
since 2025
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
RMF · San Miguel, 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 San Miguel submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Miguel 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
$1,385,000
ML approach
$1,340,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.33M
Range $1.20M – $1.46M · ±10% · vs last sale $1.30M (May 16 2025)
Last sale anchor
$1.30M
May 16 2025
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
—
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
$10,144
Tax year 2024
Assessed value
$956,935
Assessed 2024
Previous assessed
$956,935
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$273,408
Assessed improvement
$683,527
Applied tax rate
114.0000
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
Heating
NONE
Lot
0.17 ac (7,500 SF)
Zoning code
RMF
APN
021-291-005
UPID
US09-1852846
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
RMF · San Miguel, CA
Zoning RMF · permitted uses
RMF · San Miguel, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
San Miguel. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
0.17 ac
Current owner
From public records · entity-resolved
Las 4 Sirenas Property Management L
Entity
Mailing address
33821 PARAISO SPGS RD, SOLEDAD, CA 93960-9675
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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 16, 2025
$1,295,000
Las 4 Sirenas Property Management L
Edward N Panziera
Grant Deed
$906,500 · Edward & Lois Panziera Family Trust
Jan 25, 2019
—
Edward N Panziera
—
Deed
related
$460,000 · 1st Capital Bank
Dec 31, 2018
$875,000
Panziera,edward & Lois F Trust
Michael R Foster
Grant Deed
—
Aug 24, 2017
—
Michael R Foster
—
Deed
related
$150,000 · Pacific Premier Bk
Dec 23, 2008
—
Michael R Foster
Foster,michael R
Quit Claim Deed
related
$405,000 · Heritage Oaks Bank
Nov 23, 2005
$325,000
Michael R Foster
Mcclory,kevin & Jane
Grant Deed
$210,000 · Heritage Oaks Bank
Nov 23, 2005
—
Michael R Foster
Ross,gretchen J
Grant Deed
related
—
Jul 29, 2003
$135,000
Kevin Mcclory
Berg,gordon S & Victoria S
Grant Deed
—
Feb 27, 2003
$45,000
Gordon S Berg
Isabella,tr
Grant Deed
—
Dec 17, 2002
—
Isabella,tr
Carey,h
Grant Deed
related
—
—
—
Michael R|ross Gretchen Foster
—
Loan Modification
related
$135,000 · Heritage Oaks Bk
—
—
Michael R Foster
—
Deed Of Trust
related
$200,000 · Heritage Oaks Bank
—
—
Kevin Mcclory
—
Deed Of Trust
related
$27,300 · Heritage Oaks Bank
—
—
Michael R Foster
—
Loan Modification
related
$150,000 · Pacific Premier Bk
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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