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Property profile & analytics
OFF-MARKET
Estimated value
$1,200,000
Apartment buildings
7505 Santa Ysabel Ave, Atascadero, CA 93422-4692
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US09-0872820
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1986
Construction
WOOD
Total area
2,320 SF
Lot
0.4 ac (17,550 SF)
Zoning code
MF20
APN
030-101-037
UPID
US09-0872820
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
by Request
Comparable Approach
Comparable
$1.53M
Blend (final)
Blend
$1.20M
Owner & transaction history
7505 Santa Ysabel LLC · 3 yrs held
7505 Santa Ysabel LLC
since 2022
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
MF20 · Atascadero, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+23.3%
Medical building
$955,000
+10.9%
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 Atascadero submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Atascadero 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
$1,195,000
ML approach
$1,205,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$860,000
Current use
AUTO REPAIR, GARAGE
$1,060,000
Change: +23% · Conversion: Difficult
MEDICAL BUILDING
$955,000
Change: +11% · Conversion: Moderate
COMMERCIAL (GENERAL)
$815,000
Change: -5% · Conversion: Moderate
RETAIL STORES
$800,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$1.20M
Range $1.08M – $1.32M · ±10% · vs last sale $1.60M (Jul 15 2022)
Last sale anchor
$1.60M
Jul 15 2022
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
$517 / 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
$20,737
Tax year 2024
Assessed value
$1,632,000
Assessed 2024
Previous assessed
$1,632,000
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$357,000
Assessed improvement
$1,275,000
Applied tax rate
7.0000
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
1986
Construction
WOOD
Heating
FORCED AIR
Cooling
YES
Buildings
2
Rooms
16
Bathrooms
13
Total area
2,320 SF
Lot
0.4 ac (17,550 SF)
Zoning code
MF20
APN
030-101-037
UPID
US09-0872820
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
MF20 · Atascadero, CA
Zoning MF20 · permitted uses
MF20 · Atascadero, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Atascadero. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$860,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$955,000
COMMERCIAL (GENERAL)
Est. value
$815,000
RETAIL STORES
Est. value
$800,000
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
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
1986
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Buildings
2
Rooms
16
Bathrooms
13
Lot
0.4 ac
Current owner
From public records · entity-resolved
7505 Santa Ysabel LLC
Entity
Mailing address
PO BOX 5464, SANTA BARBARA, CA 93150-5464
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 21, 2023
—
7505 Santa Ysabel LLC
—
Deed
related
$1,640,000 · Jpmorgan Chase Bank NA
Jul 15, 2022
$1,600,000
7505 Santa Ysabel LLC
Raymond W Erta
Grant Deed
$1,000,000 · The Natalie Fleet Orfalea Trust
Dec 4, 2015
—
Erta,raymond W Trust
Erta,raymond W
Quit Claim Deed
related
—
Aug 5, 2011
—
Raymond W Erta
Erta,raymond W & Linda S
Quit Claim Deed
related
—
Mar 18, 2010
—
Raymond W Erta
Erta Family 1991 Trust
Quit Claim Deed
related
—
Nov 9, 2009
—
Raymond W Erta
Erta Family 1991 Trust
Quit Claim Deed
related
—
Sep 1, 2000
—
Erta Trust
Erta,ray W & Linda S
Quit Claim Deed
related
—
May 14, 1999
$425,000
Ray W Erta
Parker,arlene L
Grant Deed
$212,500 · First National Bank Central Ca
Sep 25, 1991
$440,000
Arlene L Parker
Rwlsons Dev
Grant Deed
$275,000 · San Francisco FCU
—
—
Arlene L Parker
—
Deed Of Trust
related
$287,000 · San Francisco Federal S & L
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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