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Property profile & analytics
OFF-MARKET
Apartment buildings
10 Mulberry Ct, Belmont, CA 94002-3376
Individually Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-1079729
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1964
Total area
45,905 SF
Lot
0.71 ac (30,798 SF)
APN
045-015-230
UPID
US09-1079729
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
-
Ten Mulberry Court Apartments Apartment Building
-
optimized vending LLC Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Dominic G Ferrari · 2 yrs held
Dominic G Ferrari
since 2024
Last sale
$225,000
7 recorded transactions
Zoning & alternative use
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 Belmont submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Belmont 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$119,742
Tax year 2024
Assessed value
$7,191,196
Assessed 2024
Previous assessed
$7,191,196
+0.0% YoY
Effective rate
1.67%
On assessed value
Assessed land
$3,283,806
Assessed improvement
$3,907,390
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
1964
Heating
NONE
Stories
5
Units
30
Rooms
11
Bathrooms
5
Total area
45,905 SF
Lot
0.71 ac (30,798 SF)
APN
045-015-230
UPID
US09-1079729
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1964
Heating
NONE
Stories
5
Units
30
Rooms
11
Bathrooms
5
Lot
0.71 ac
Current owner
From public records · entity-resolved
Dominic G Ferrari
Individual
Free & Clear · 2 yrs held
Mailing address
904 ARLINGTON RD, REDWOOD CITY, CA 94062-1849
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
27 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 29, 2024
$225,000
Dominic G Ferrari
Karin Albright
Grant Deed
—
Feb 29, 2024
—
Dominic G Ferrari
Suzanne C Ferrari
Intrafamily Transfer
related
—
Nov 3, 2021
—
Warren R Larson & Marjorie K Larson
Marjorie K Larson
Intrafamily Transfer
related
—
Oct 3, 2019
—
Albright,karin Living Trust
Karin L Albright
Quit Claim Deed
related
—
Dec 27, 2012
—
Dominic G Ferrari
Ferrari,alicia L
Quit Claim Deed
related
—
Jul 6, 2011
$3,586,500
Dominic G Ferrari
Ferrari,dominic G
Grant Deed
related
—
Jul 6, 2011
—
Alicia L Ferrari
Paul Gustav Schwenger
Intrafamily Transfer
related
$3,300,000 · Jpmorgan Chase Bank NA
Jun 3, 2011
—
Gregory Votruba
Votruba Gregory Trust
Quit Claim Deed
related
—
May 2, 2011
—
Moya K Mapps
Mapps Moya K Trust
Quit Claim Deed
—
Aug 10, 2010
$364,000
Mary J Ferrari
Ferrari,bernardo
Grant Deed
related
—
Jan 12, 2009
—
Odell Joshua S Living Trust
Odell,joshua S
Quit Claim Deed
related
—
Dec 21, 2007
—
Timothy S Odell
Odell R S & R K Family Trust
Quit Claim Deed
related
—
Dec 30, 2002
—
Dominic G Ferrari
Ferrari,mary J
Quit Claim Deed
related
—
Sep 9, 2002
—
Ferrari,tr
Ferrari,gerlad B & Jane
Quit Claim Deed
related
—
Aug 13, 2002
—
Ferrari,tr
Ferrari,gerald & Mary J
Quit Claim Deed
related
—
Feb 18, 2000
$48,000
Gerald Ferrari
Votruba,gregory
Grant Deed
—
Feb 18, 2000
$179,000
Ferrari,gerlad & Mary J
Votruba,john & Teresa
Trustees Deed
—
Nov 4, 1999
—
Van Zeventer Trust
Van Zeventer,willem & Mathilde
Quit Claim Deed
related
—
Sep 13, 1999
—
Alicia L Ferrari
Ferrari,marcantonio
Quit Claim Deed
related
—
Feb 24, 1998
—
Odell Trust
Odell Trust
Quit Claim Deed
related
—
Dec 21, 1994
—
Mapps Trust
Ferrari,maria A
Trustees Deed
related
—
Aug 11, 1993
—
Robert&ruth,odell Trust
Odell,r.
Quit Claim Deed
related
—
Jul 26, 1993
—
Decrosta,shirley Trustee
Decrosta,s.
Quit Claim Deed
related
—
Jul 16, 1993
—
Ruth Odell
Odell,r.
Quit Claim Deed
related
—
Dec 30, 1992
$10,000
Adrian Ferrari
Ferrari,g.&m.
Grant Deed
related
—
Oct 31, 1991
$18,500
Maria Ferrari
Estates Of Dorot
Grant Deed
related
—
Oct 24, 1991
$23,500
Gerald Ferrari
Hiatt,l. Trustee
Grant Deed
—
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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