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Property profile & analytics
OFF-MARKET
Apartment buildings
505 2nd St King City, CA 93930-2803
Individually Owned
19-yr Hold
Property ID
US10-3016836
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1976
Construction
WOOD
Total area
683 SF
Lot
0.22 ac (9,500 SF)
APN
026-181-004-000
UPID
US10-3016836
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Jose L Mora · 19 yrs held
Jose L Mora
since 2007
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 King City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs King City 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 2023Property tax & assessments
Tax year 2023
Tax billed
$3,970
Tax year 2023
Assessed value
$325,119
Assessed 2023
Previous assessed
$325,119
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$197,993
Assessed improvement
$127,126
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
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
1976
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Rooms
4
Bathrooms
1
Total area
683 SF
Lot
0.22 ac (9,500 SF)
APN
026-181-004-000
UPID
US10-3016836
Jurisdiction
MONTEREY
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
Year built
1976
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Rooms
4
Bathrooms
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
Jose L Mora
Individual
Mailing address
751 CHRISTIERSON ST, SOLEDAD, CA 93960-3456
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 20, 2007
—
Jose L Mora
Luna,francisco
Grant Deed
related
$600,000 · East West Bank
Apr 25, 2006
$170,500
Jose L Mora
Luna,francisco
Grant Deed
—
Apr 25, 2006
—
Jose L Mora
Munoz,bertha
Grant Deed
related
—
Jul 23, 2004
$210,000
Francisco Luna
Sala,michael J
Grant Deed
$189,000 · Fremont Investment & Loan
Jan 31, 2001
$160,000
Michael J Sala
Salcido,thomas R
Grant Deed
—
Jan 31, 2001
$80,000
Michael J Sala
Sala,mark A
Grant Deed
related
—
Apr 28, 2000
$42,500
Thomas R Salcido
Nelson,thomas M & Mary E
Grant Deed
$27,625 · Individual
Apr 22, 1993
$22,500
Peter Sheets
Simmons,frank
Grant Deed
—
Oct 30, 1990
$58,000
Sheets Peter D
Short,daniel R
Grant Deed
$58,000 · Individual
—
—
Francisco Luna
—
Deed Of Trust
related
$50,000 · Hall 2001 Trust
—
—
Francisco Luna
—
Deed Of Trust
related
$150,000 · Hall 2001 Trust
—
—
Thomas M Nelson
—
Deed Of Trust
related
$58,000 · Williams 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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