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Property profile & analytics
OFF-MARKET
Estimated value
$3,150,000
Apartment buildings
840 Ridgecrest Blvd Ridgecrest, CA 93555-4334
Entity Owned
6-yr Hold
Property ID
US10-2944309
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1987
Construction
WOOD
Total area
46,813 SF
Lot
4 ac (174,240 SF)
Zoning code
R-2
APN
396-400-04-00-4
UPID
US10-2944309
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
-
Ridgecrest Landing Apartment Homes Apartment Complex Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.52M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.03M
Blend (final)
Blend
$3.15M
Owner & transaction history
Ridgecrest Landing LLC · 6 yrs held
Ridgecrest Landing LLC
since 2020
Last sale
$2.9M
7 recorded transactions
Zoning & alternative use
R-2 · Ridgecrest, 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 Ridgecrest submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ridgecrest 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
$3,345,000
ML approach
$3,520,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.15M
Range $2.84M – $3.47M · ±10% · vs last sale $2.93M (Feb 11 2020)
Last sale anchor
$2.93M
Feb 11 2020
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
$67 / 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
$63,195
Tax year 2023
Assessed value
$3,328,146
Assessed 2023
Previous assessed
$3,328,146
+0.0% YoY
Effective rate
1.90%
On assessed value
Assessed land
$989,910
Assessed improvement
$2,338,236
Applied tax rate
10.0000
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
1987
Construction
WOOD
Heating
GAS
Cooling
YES
Stories
1
Units
58
Total area
46,813 SF
Lot
4 ac (174,240 SF)
Zoning code
R-2
APN
396-400-04-00-4
UPID
US10-2944309
Jurisdiction
KERN
Zoning & alternative use
R-2 · Ridgecrest, CA
Zoning R-2 · permitted uses
R-2 · Ridgecrest, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ridgecrest. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1987
Construction
WOOD
Heating
GAS
Cooling
Yes
Stories
1
Units
58
Lot
4 ac
Current owner
From public records · entity-resolved
Ridgecrest Landing LLC
Entity
Mailing address
86 LILLY WAY, WATSONVILLE, CA 95076-1916
Ownership since
2020
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
Feb 11, 2020
—
Ridgecrest Landing LLC
Podolsky M & M 2004 Trust
Quit Claim Deed
$2,250,000 · Cbre Cap Markets
Jun 30, 2016
—
Podolsky,miguel & M 2004 Trust
—
Deed
related
$100,000 · Bank Of The West
Mar 31, 2016
$2,925,000
Podolsky,miguel & M 2004 Trust
Mitchell Blake Trust
Grant Deed
$2,000,000 · Bank Of The West
Feb 10, 2005
—
Mitchell Blake Trust
State Road Ridgecrest Props
Grant Deed
$2,081,200 · Lasalle National Bank
Oct 18, 2004
—
State Rd Ridgecrest Props LLC
—
Deed Of Trust
related
$1,481,676 · Arlington Park Row E Apts
Oct 30, 2002
—
State Road Ridgecrest Properti
Fillman,michael P
Grant Deed
related
—
Mar 4, 2002
$1,100,000
Michael P Fillman
Ridgecrest Realty Investors LP
Grant Deed
$860,000 · Valley Independent Bank
Aug 11, 1994
$900,000
Ridgecrest Realty Investors LP
State St Bank &
Grant Deed
$540,000 · American Savings Bank
May 18, 1993
$1,034,000
State Street Bank & Trust Co
Ridgecrest Manor
Trustees Deed
related
—
—
—
Podolsky,miguel & M 2004 Trust
—
Deed Of Trust
related
$100,000 · Bank Of The West
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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