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Property profile & analytics
OFF-MARKET
Apartment buildings
716 Elkington Ave Salinas, CA 93905-1494
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8792353
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1942
Construction
WOOD
Total area
1,434 SF
Lot
0.33 ac (14,353 SF)
APN
004-392-066-000
UPID
US09-8792353
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
Fragosos Properties LLC · 1 yrs held
Fragosos Properties LLC
since 2024
Last sale
$205,000
5 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 Salinas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Salinas 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
$4,351
Tax year 2023
Assessed value
$315,059
Assessed 2024
Previous assessed
$315,059
+0.0% YoY
Effective rate
1.38%
On assessed value
Assessed land
$153,688
Assessed improvement
$161,371
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
1942
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Buildings
3
Stories
1
Units
2
Rooms
8
Bathrooms
2
Total area
1,434 SF
Lot
0.33 ac (14,353 SF)
APN
004-392-066-000
UPID
US09-8792353
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
1942
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Stories
1
Buildings
3
Units
2
Rooms
8
Bathrooms
2
Lot
0.33 ac
Current owner
From public records · entity-resolved
Fragosos Properties LLC
Entity
Mailing address
12172 RD 37, MADERA, CA 93636-8511
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2024
—
Fragosos Properties LLC
Jose De Jesus Fragoso
Intrafamily Transfer
related
$500,000 · Deephaven Mortgage LLC
Sep 10, 2003
—
Jose D Fragoso
Fragoso,jose D
Quit Claim Deed
related
$335,000 · Argent Mortgage Co LLC
Nov 6, 1998
$205,000
Jose D Fragoso
Mazzuca Trust
Grant Deed
$246,100 · Western Sunrise Mortgage Corp
Feb 12, 1998
—
Mazzuca Trust
Mazzuca,antonio
Quit Claim Deed
related
—
—
—
Jose D Fragoso
—
Deed Of Trust
related
$16,828 · Beneficial California INC
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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