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Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Apartment buildings
648 Felton Way San Luis Obispo, CA 93405-1169
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1500233
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Lot
1.23 ac (53,495 SF)
Zoning code
R4
APN
052-033-030
UPID
US09-1500233
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
$650k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$650k
Owner & transaction history
648 Felton Way Partners LP · 4 yrs held
648 Felton Way Partners LP
since 2022
7 recorded transactions
Zoning & alternative use
R4 · San Luis Obispo, 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 Luis Obispo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Luis Obispo 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
$650,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$650k
Range $585k – $715k · ±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
—
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
$118,568
Tax year 2024
Assessed value
$10,643,162
Assessed 2024
Previous assessed
$10,643,162
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$4,369,680
Assessed improvement
$6,273,482
Applied tax rate
3.0000
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
Heating
NONE
Lot
1.23 ac (53,495 SF)
Zoning code
R4
APN
052-033-030
UPID
US09-1500233
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
R4 · San Luis Obispo, CA
Zoning R4 · permitted uses
R4 · San Luis Obispo, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
San Luis Obispo. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
1.23 ac
Current owner
From public records · entity-resolved
648 Felton Way Partners LP
Entity
Mailing address
16133 VENTURA BLVD STE #630, ENCINO, CA 91436-2412
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2022
$10,200,000
648 Felton Way Partners LP
Felton Manor LLC
Grant Deed
related
$6,000,000 · Umpqua Bank
May 1, 2020
—
Felton Manor LLC
Riedel G W & D A F/tr
Quit Claim Deed
related
—
Nov 8, 2018
—
Robin L Warner
Warner,robin L
Quit Claim Deed
related
$700,000 · Jp Morgan Chase Bk
Nov 10, 2008
—
Gordon W Riedel
Riedel,dione A
Affidavit Of Death
related
—
Nov 4, 2008
—
Michael P Riedel
Riedel,adrienne L
Quit Claim Deed
related
—
Nov 9, 2004
—
Robert D Riedel
Riedel G W & D A Trust
Quit Claim Deed
related
—
May 6, 2004
—
Robert D Riedel
Riedel,tr
Quit Claim Deed
related
—
Dec 15, 1994
—
Robert D Reidel
Riedel Trust
Grant Deed
related
—
Aug 15, 1989
—
Gordon W Riedel
Riedel,gordon W
Quit Claim Deed
related
$650,000 · Mid State Bank
Jun 20, 1989
$19,000
Gordon W Riedel
Atlantic Capital
Trustees Deed
related
—
Jun 20, 1989
$2,185,000
Atlantic Capital
Grand Terr Apart
Trustees Deed
related
$285,000 · Grand Terr Apart
—
—
Robert D Riedel
—
Deed Of Trust
related
$656,700 · Mid State Bank
—
—
Gordon W Riedel
—
Deed Of Trust
related
$700,000 · Jp Morgan Chase 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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