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Property profile & analytics
OFF-MARKET
Estimated value
$1,520,000
Apartment buildings
585 Ocean Vw Blvd Pacific Grove, CA 93950-2648
Trust Owned
Free & Clear
Property ID
US10-3060060
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1971
Construction
WOOD
Total area
9,204 SF
Lot
0.21 ac (9,000 SF)
APN
006-156-028-000
UPID
US10-3060060
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
$1.47M
Blend (final)
Blend
$1.52M
Owner & transaction history
Eskenazi Lipsitt Trust
Eskenazi Lipsitt Trust
since 2025
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 Pacific Grove submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pacific Grove 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.52M
Range $1.37M – $1.67M · ±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
$165 / 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
$96,822
Tax year 2023
Assessed value
$8,985,203
Assessed 2024
Previous assessed
$8,985,203
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$3,696,126
Assessed improvement
$5,289,077
Applied tax rate
4.0000
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
Year built
1971
Construction
WOOD
Heating
CENTRAL
Stories
3
Units
9
Rooms
54
Bathrooms
15
Total area
9,204 SF
Lot
0.21 ac (9,000 SF)
APN
006-156-028-000
UPID
US10-3060060
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
1971
Construction
WOOD
Heating
CENTRAL
Stories
3
Units
9
Rooms
54
Bathrooms
15
Lot
0.21 ac
Current owner
From public records · entity-resolved
Eskenazi Lipsitt Trust
Trust
Free & Clear · 0 yrs held
Mailing address
3036 E LIVE OAK CT, DANVILLE, CA 94506-2138
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
31 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 18, 2025
$1,125,000
Eskenazi Lipsitt Trust
Richard M Almini Trust
Grant Deed
—
Sep 9, 2024
—
Richard M Almini
Richard M Almini
Intrafamily Transfer
related
—
Dec 26, 2023
—
Barbara O Garcia Family
Barbara Garcia
Intrafamily Transfer
related
—
Jun 26, 2023
—
Stephen Cameron
Stephen Cameron
Affidavit Of Death Of Joint Tenant
related
—
Jul 7, 2022
—
Paradise Properites International L
Vikas Gupta
Grant Deed
—
Aug 16, 2021
$1,199,000
Barbara Garcia
Michael A Rutkowski
Grant Deed
—
Aug 16, 2021
—
Barbara Garcia
Jose Garcia
Intrafamily Transfer
related
—
Jul 30, 2021
$1,695,000
Zurich Properties LP
Barbara Ann Mullin
Grant Deed
—
Jul 30, 2021
—
Barbara Ann Mullin
John Mullin
Intrafamily Transfer
related
—
Jun 24, 2021
—
Richard M Almini
Richard M Almini
Deed
related
—
Feb 24, 2021
$1,210,000
Vikas Gupta
Reinaklo B Vola
Grant Deed
—
Jun 4, 2018
$695,000
John Bardos
Fogel & Andersson F/tr
Grant Deed
—
Dec 4, 2017
—
Scott W Martin
Pettyjohn,annette L
Affidavit Of Death
related
—
Nov 15, 2016
$730,000
Stephen Cameron
De La Roche C L & V Trust
Grant Deed
—
Mar 17, 2015
—
Vola,reinaldo E Trust|vola,jan T Trust
Double Dipper LLC
Quit Claim Deed
—
Apr 22, 2014
—
De La Roche,c L & V R Trust
585 Ocean LLC
Grant Deed
—
Mar 26, 2014
$559,000
Michael A Rutkowski
585 Ocean LLC
Grant Deed
—
Mar 13, 2014
$675,000
Barker Family Trust
585 Ocean LLC
Grant Deed
—
Nov 25, 2013
$520,000
Winslow,julia M G Trust
585 Ocean LLC
Grant Deed
—
Nov 6, 2013
$475,000
Fogel & Andersson Family Trust
585 Ocean LLC
Grant Deed
—
Jul 12, 2013
$730,000
Barbara A Mullin
585 Ocean LLC
Grant Deed
—
Apr 20, 2012
$460,000
Alex Z Zheng
585 Ocean LLC
Grant Deed
—
Feb 24, 2012
$450,000
Double Dipper LLC
585 Ocean LLC
Grant Deed
—
Apr 4, 2008
$837,000
Almini Richard & Linda Trust
585 Ocean LLC
Grant Deed
$377,000 · Annette's Trust
May 2, 2006
—
585 Ocean LLC
—
Trustees Deed
related
$1,500,000 · Monterey County Bank
Oct 18, 2005
$3,650,000
585 Ocean LLC
Emerson,joan E
Grant Deed
$2,737,500 · Monterey County Bank
—
—
585 Ocean LLC
—
Deed Of Trust
related
$262,500 · Monterey County Bank
—
—
Joan E Emerson
—
Deed Of Trust
related
$350,000 · World Savings & Loan
—
—
Joan E Emerson
—
Deed Of Trust
related
$455,000 · World Savings Bank
—
—
585 Ocean LLC
—
Deed Of Trust
related
$560,590 · Monterey County Bank
—
—
585 Ocean LLC
—
Deed Of Trust
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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