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Property profile & analytics
OFF-MARKET
Estimated value
$1,040,000
Apartment buildings
672 Empire Ave 682 Ventura, CA 93003-5051
Trust Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US10-1611578
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1960
Construction
WOOD
Total area
4,910 SF
Lot
0.17 ac (7,405 SF)
Zoning code
R3-2
APN
075-0-223-135
UPID
US10-1611578
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
$1.20M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.04M
Owner & transaction history
Hu Family Trust · 8 yrs held
Hu Family Trust
since 2017
7 recorded transactions
Zoning & alternative use
R3-2 · Ventura, 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 Ventura submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ventura 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%
$1,295,000
6.5%
$1,195,000
7%
$1,110,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,670,000
Change: -12% · Conversion: Moderate
Blend value · Realmo final
$1.04M
Range $936k – $1.14M · ±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
$212 / 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
$15,639
Tax year 2023
Assessed value
$1,448,887
Assessed 2024
Previous assessed
$1,420,478
+2.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$832,658
Assessed improvement
$616,229
Applied tax rate
5.0000
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
1960
Construction
WOOD
Heating
NONE
Total area
4,910 SF
Lot
0.17 ac (7,405 SF)
Zoning code
R3-2
APN
075-0-223-135
UPID
US10-1611578
Jurisdiction
VENTURA
Zoning & alternative use
R3-2 · Ventura, CA
Zoning R3-2 · permitted uses
R3-2 · Ventura, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ventura. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$1.7M
OFFICE BUILDING
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
1960
Construction
WOOD
Heating
NONE
Lot
0.17 ac
Current owner
From public records · entity-resolved
Hu Family Trust
Trust
Free & Clear · 8 yrs held
Mailing address
2674 E MAIN ST STE G, VENTURA, CA 93003-2894
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
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
Aug 11, 2017
$200,000
Hu Family Trust
Family Lin Living Trust
Grant Deed
—
Oct 2, 2014
—
Cheng-huei Lin
Lin,cheng-huei
Quit Claim Deed
related
—
Aug 15, 2013
—
Cheng-huei Lin
Lin,mei-ye L
Affidavit Of Death
—
Oct 23, 2012
—
Hu Family Trust
Hu,chi P & Florence A C
Quit Claim Deed
related
—
Dec 3, 2004
—
Chi P Hu
Hu,florence
Quit Claim Deed
related
—
Dec 1, 2004
$1,060,000
Chi P Hu
Empire Apartments LLC
Grant Deed
$540,000 · Washington Mutual Fsb
Jul 26, 2001
$550,000
Empire Apartments LLC
Dearkland,james & Gunilla
Grant Deed
—
May 31, 2001
$550,000
James R Dearkland
Eripme Properties
Grant Deed
$330,000 · Santa Barbara Bank & Trust
—
—
Eripme Properties
—
Deed Of Trust
related
$10,000 · Grist 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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