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Property profile & analytics
OFF-MARKET
Estimated value
$21,750,000
Apartment buildings
931 Bismark Way Oxnard, CA 93033-5571
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US10-1493688
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1971
Construction
WOOD
Total area
133,174 SF
Lot
5.94 ac (258,746 SF)
Zoning code
R3PD
APN
221-0-062-305
UPID
US10-1493688
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
-
Channel Islands Park Apartments Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$21.75M
Owner & transaction history
Channel Island Apartments LP · 7 yrs held
Channel Island Apartments LP
since 2018
7 recorded transactions
Zoning & alternative use
R3PD · Oxnard, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$30.9M
+24.8%
Commercial (general)
$25.9M
+4.6%
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 Oxnard submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oxnard 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$24,780,000
Current use
INDUSTRIAL (GENERAL)
$30,920,000
Change: +25% · Conversion: Difficult
COMMERCIAL (GENERAL)
$25,930,000
Change: +5% · Conversion: Moderate
Blend value · Realmo final
$21.75M
Range $19.58M – $23.93M · ±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
$163 / 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
$2,808
Tax year 2023
Assessed value
$40,977,407
Assessed 2024
Previous assessed
$40,127,164
+2.1% YoY
Effective rate
0.01%
On assessed value
Assessed land
$6,649,369
Assessed improvement
$34,328,038
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
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
1971
Construction
WOOD
Heating
NONE
Total area
133,174 SF
Lot
5.94 ac (258,746 SF)
Zoning code
R3PD
APN
221-0-062-305
UPID
US10-1493688
Jurisdiction
VENTURA
Zoning & alternative use
R3PD · Oxnard, CA
Zoning R3PD · permitted uses
R3PD · Oxnard, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Oxnard. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$24.8M
INDUSTRIAL (GENERAL)
Est. value
$30.9M
COMMERCIAL (GENERAL)
Est. value
$25.9M
APARTMENT HOUSE (5+ UNITS) Current
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
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
1971
Construction
WOOD
Heating
NONE
Lot
5.94 ac
Current owner
From public records · entity-resolved
Channel Island Apartments LP
Entity
Mailing address
136 HEBER AVE STE #308, PARK CITY, UT 84060-5241
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 12, 2018
$37,500,000
Channel Island Apartments LP
Channel Island Apt Assocs LP
Grant Deed
related
—
Nov 19, 2014
—
Island Apartment Assoc Channel
Steadfast Channel Island LP
Quit Claim Deed
related
$20,000,000 · Oak Grove Com'l Mtg
Nov 19, 2014
$26,835,000
Island Apartment Assoc Channel
Steadfast Channel Island LP
Grant Deed
—
Jun 24, 2003
—
Steadfast Channel Island LP
Spieker 931 Bismark Assoc
Grant Deed
related
—
Aug 31, 1990
$2,481,000
931 Bism Spieker
Channel Island
Grant Deed
related
—
—
—
Steadfast Channel Island LP
—
Deed Of Trust
related
—
—
—
Steadfast Channel Island LP
—
Deed Of Trust
related
$13,421,000 · California Statewide Communiti
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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