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Property profile & analytics
OFF-MARKET
Estimated value
$2,620,000
Apartment buildings
950 14th St Grover Beach, CA 93433-2862
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-3612668
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1982
Construction
WOOD
Total area
10,720 SF
Lot
0.5 ac (21,780 SF)
Zoning code
10
APN
060-362-011
UPID
US09-3612668
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
$3.19M
Comparable Approach
Comparable
$1.80M
Blend (final)
Blend
$2.62M
Owner & transaction history
950 South Fourteenth LLC · 7 yrs held
950 South Fourteenth LLC
since 2019
4 recorded transactions
Zoning & alternative use
10 · Grover Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$4.2M
+6.7%
Office building
$4.1M
+3.8%
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 Grover Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grover Beach 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%
$3,450,000
6.5%
$3,185,000
7%
$2,955,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,975,000
Current use
INDUSTRIAL (GENERAL)
$4,240,000
Change: +7% · Conversion: Difficult
OFFICE BUILDING
$4,125,000
Change: +4% · Conversion: Moderate
RETAIL STORES
$3,950,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$2.62M
Range $2.36M – $2.88M · ±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
$244 / 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
$33,151
Tax year 2024
Assessed value
$2,894,942
Assessed 2024
Previous assessed
$2,894,942
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$857,760
Assessed improvement
$2,037,182
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
1982
Construction
WOOD
Heating
NONE
Bathrooms
14
Total area
10,720 SF
Lot
0.5 ac (21,780 SF)
Zoning code
10
APN
060-362-011
UPID
US09-3612668
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
10 · Grover Beach, CA
Zoning 10 · permitted uses
10 · Grover Beach, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Grover Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$4.0M
INDUSTRIAL (GENERAL)
Est. value
$4.2M
OFFICE BUILDING
Est. value
$4.1M
RETAIL STORES
Est. value
$4.0M
APARTMENT HOUSE (5+ UNITS) Current
INDUSTRIAL (GENERAL)
OFFICE BUILDING
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
1982
Construction
WOOD
Heating
NONE
Bathrooms
14
Lot
0.5 ac
Current owner
From public records · entity-resolved
950 South Fourteenth LLC
Entity
Free & Clear · 7 yrs held
Mailing address
20720 VENTURA BLVD STE #300, WOODLAND HILLS, CA 91364-6266
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 10, 2022
—
950 South Fourteenth LLC
—
Deed
related
$277,000 · Jpmorgan Chase Bank NA
Jul 17, 2019
$2,700,000
950 South Fourteenth LLC
Dennis Kennedy
Grant Deed
—
Oct 20, 2011
—
Dennis E Kennedy
Kennedy,dennis E & Ann T
Quit Claim Deed
related
—
Jun 4, 1998
$750,000
Dennis E Kennedy
Fraker,keith E & Dorothy
Grant Deed
$562,500 · Home Savings Of America
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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