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Property profile & analytics
OFF-MARKET
Estimated value
$15,870,000
Apartment buildings
750 Bay Ave 4308, Capitola, CA 95010-5111
Individually Owned
17-yr Hold
~
Est. High Equity
Property ID
US10-2820974
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1973
Construction
WOOD
Total area
76,516 SF
Lot
4.18 ac (182,168 SF)
APN
036-051-33
UPID
US10-2820974
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
Current use
Occupant on record · Public records
-
Bay Avenue Senior Apartments Apartment Building
-
Bay Avenue Senior Housing Community Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$15.87M
Owner & transaction history
Avenue Senior Housing Bay · 17 yrs held
Avenue Senior Housing Bay
since 2008
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 Capitola submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Capitola 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
$207 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$93,650
Tax year 2024
Assessed value
$12,200,312
Assessed 2024
Previous assessed
$12,200,312
+0.0% YoY
Effective rate
0.77%
On assessed value
Assessed land
$5,275,909
Assessed improvement
$6,924,403
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
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
1973
Construction
WOOD
Heating
NONE
Stories
2
Units
95
Total area
76,516 SF
Lot
4.18 ac (182,168 SF)
APN
036-051-33
UPID
US10-2820974
Jurisdiction
SANTA CRUZ
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
1973
Construction
WOOD
Heating
NONE
Stories
2
Units
95
Lot
4.18 ac
Current owner
From public records · entity-resolved
Avenue Senior Housing Bay
Individual
Mailing address
104 WHISPERING PNES DR STE #200, SCOTTS VALLEY, CA 95066-4799
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 24, 2010
—
Avenue Senior Housing LP Bay
—
Trustees Deed
related
$1,000,000 · Rabobank
Oct 1, 2008
—
Avenue Senior Housing Bay
Salvation Army Corp
Grant Deed
$21,580,000 · California Housing Finance Agy
Apr 24, 1991
$6,900,000
Salvation Army C
Natl,1031 Exchan
Trustees Deed
—
Apr 24, 1991
$423,000
Natl 1031 Exchan
Myers,david G
Trustees Deed
related
—
—
—
Avenue Senior Housing Bay
—
Deed Of Trust
related
$1,365,000 · Redevelopment Agcy/city/capito
—
—
M Viii
—
Deed Of Trust
related
$4,425,000 · World Savings & Loan
—
—
Avenue Senior Housing LP Bay
—
Deed Of Trust
related
$2,900,000 · Capitola City
—
—
Salvation Army
—
Deed Of Trust
related
$235,000 · Redevelopment Agency Capitola
—
—
M Viii
—
Deed Of Trust
related
$150,000 · Cal Business
—
—
Avenue Senior Housing Bay
—
Deed Of Trust
related
$1,900,000 · Capitola City
—
—
Avenue Senior Hsing LP Bay
—
Deed Of Trust
related
$2,900,000 · Capitola City
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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