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Property profile & analytics
OFF-MARKET
Estimated value
$805,000
Apartment buildings
9550 Old County Rd 2 Ben Lomond, CA 95005-9236
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1624899
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1946
Construction
WOOD
Total area
338 SF
Lot
1.37 ac (59,590 SF)
Zoning code
RM-6
APN
078-162-04
UPID
US09-1624899
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
$850k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$805k
Owner & transaction history
Michael Schwenne · 3 yrs held
Michael Schwenne
since 2022
Last sale
$810,000
6 recorded transactions
Zoning & alternative use
RM-6 · Ben Lomond, 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 Ben Lomond submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ben Lomond 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
$760,000
ML approach
$850,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$805k
Range $725k – $886k · ±10% · vs last sale $810k (Oct 12 2022)
Last sale anchor
$810k
Oct 12 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
$2,382 / 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
$11,287
Tax year 2024
Assessed value
$903,571
Assessed 2024
Previous assessed
$903,571
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$663,734
Assessed improvement
$239,837
Applied tax rate
90.0000
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
1946
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Units
1
Rooms
3
Bathrooms
1
Total area
338 SF
Lot
1.37 ac (59,590 SF)
Zoning code
RM-6
APN
078-162-04
UPID
US09-1624899
Jurisdiction
SANTA CRUZ
Zoning & alternative use
RM-6 · Ben Lomond, CA
Zoning RM-6 · permitted uses
RM-6 · Ben Lomond, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ben Lomond. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1946
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Units
1
Rooms
3
Bathrooms
1
Lot
1.37 ac
Current owner
From public records · entity-resolved
Michael Schwenne
Individual
Mailing address
242 RDG VW RD, APTOS, CA 95003-2714
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 12, 2022
—
Michael Schwenne
Michael Neil Schwenne
Intrafamily Transfer
related
$1,750,000 · Luther Burbank Savings
Jul 18, 2017
$810,000
Michael N Schwenne
Fontaine,donald R & Maria T
Grant Deed
$636,000 · Donald R Fontain
Jul 16, 1998
$416,000
Donald R Fontaine
Deane,cyril R & Marilyn A
Grant Deed
$331,000 · Seller
Sep 8, 1994
$20,000
Cyril R Deane
Briole,jacques
Trustees Deed
—
Nov 7, 1989
$375,000
Jacques Briole
Deane,cyril R
Grant Deed
$325,000
—
—
Jacques P Briole
—
Deed Of Trust
related
$125,000 · Individual
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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