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Property profile & analytics
OFF-MARKET
Estimated value
$1,115,000
Apartment buildings
616 Main St Santa Paula, CA 93060-2687
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US10-1460701
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1920
Total area
5,055 SF
Lot
0.29 ac (12,632 SF)
Zoning code
C2
APN
103-0-220-385
UPID
US10-1460701
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
$1.21M
CAP Approach
CAP
$1.23M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.12M
Owner & transaction history
Donald F Lucas · 4 yrs held
Donald F Lucas
since 2021
Last sale
$985,000
7 recorded transactions
Zoning & alternative use
C2 · Santa Paula, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.5M
+0.3%
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 Santa Paula submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Santa Paula 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
$1,175,000
ML approach
$1,210,000
CAP Approach
CAP Return
Estimation
6%
$1,330,000
6.5%
$1,230,000
7%
$1,140,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,465,000
Current use
WAREHOUSE, STORAGE
$1,470,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$1.12M
Range $1.00M – $1.23M · ±10% · vs last sale $985k (Oct 8 2021)
Last sale anchor
$985k
Oct 8 2021
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
$221 / 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
$12,543
Tax year 2023
Assessed value
$1,098,783
Assessed 2024
Previous assessed
$1,077,239
+2.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$446,208
Assessed improvement
$652,575
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
1920
Heating
NONE
Total area
5,055 SF
Lot
0.29 ac (12,632 SF)
Zoning code
C2
APN
103-0-220-385
UPID
US10-1460701
Jurisdiction
VENTURA
Zoning & alternative use
C2 · Santa Paula, CAZoning C2 · permitted uses
C2 · Santa Paula, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.5M
WAREHOUSE, STORAGE
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS) Current
WAREHOUSE, STORAGE
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
1920
Heating
NONE
Lot
0.29 ac
Current owner
From public records · entity-resolved
Donald F Lucas
Individual
Mailing address
7106 OWENSMOUTH AVE, CANOGA PARK, CA 91303-2007
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 8, 2021
—
Donald F Lucas
Donald F Lucas
Intrafamily Transfer
related
$600,000 · Jpmorgan Chase Bank NA
Sep 18, 2017
$985,000
Donald F Lucas
Alfonso L Valdez
Grant Deed
$615,000 · Jpmorgan Chase Bank NA
May 2, 2008
—
Martinez Family 2000 Trust
Martinez,enedina
Quit Claim Deed
related
—
Apr 29, 2008
—
Enedina Martinez
Martinez,manuel G
Affidavit Of Death
—
Feb 15, 2008
—
Alfonso L Valdez
Valdez,alfonso L & Luisa
Quit Claim Deed
related
$770,000 · Santa Barbara Bank & Trust
May 7, 2007
$825,000
Alfonso L Valdez
Morales A & C Family Trust
Grant Deed
—
Oct 13, 2006
—
Morales A & C Family Trust
Morales,ambros
Quit Claim Deed
related
—
Dec 14, 2004
—
Ambros Morales
Morales Oscar Trust
Quit Claim Deed
related
—
Sep 24, 2004
—
Ambros Morales
Morales,oscar L
Affidavit Of Death
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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