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Property profile & analytics
OFF-MARKET
Estimated value
$50,700,000
Apartment buildings
1107 2nd Ave Redwood City, CA 94063-4048
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2082002
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1971
Total area
115,342 SF
Lot
1.91 ac (83,096 SF)
APN
054-133-180
UPID
US09-2082002
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
-
Haven Travelers Insurance Agency
-
Wildcat Ranch Association / Organization
-
Avenue Two Apartments Apartment Building Apartment Rental Agency
-
Haejung Hofman Photography Photography Service (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$48.30M
Comparable Approach
Comparable
$52.51M
Blend (final)
Blend
$50.70M
Owner & transaction history
A2a Rwc Holdings LLC · 2 yrs held
A2a Rwc Holdings LLC
since 2023
Last sale
$51.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$78.6M
+117.1%
Restaurant
$78.0M
+115.4%
Neighborhood: shopping center
$62.2M
+71.9%
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 Redwood City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Redwood City 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
$58,730,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$52,320,000
6.5%
$48,295,000
7%
$44,845,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$36,200,000
Current use
OFFICE BUILDING
$78,580,000
Change: +117% · Conversion: Moderate
RESTAURANT
$77,990,000
Change: +115% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$62,245,000
Change: +72% · Conversion: Difficult
COMMERCIAL (GENERAL)
$53,305,000
Change: +47% · Conversion: Moderate
AUTO REPAIR, GARAGE
$52,400,000
Change: +45% · Conversion: Difficult
RETAIL STORES
$49,880,000
Change: +38% · Conversion: Difficult
WAREHOUSE, STORAGE
$37,790,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$50.70M
Range $45.63M – $55.77M · ±10% · vs last sale $51.00M (Oct 19 2023)
Last sale anchor
$51.00M
Oct 19 2023
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
$440 / 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
$698,787
Tax year 2024
Assessed value
$51,000,000
Assessed 2024
Previous assessed
$51,000,000
+0.0% YoY
Effective rate
1.37%
On assessed value
Assessed land
$23,000,000
Assessed improvement
$28,000,000
Applied tax rate
9.0000
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
Heating
NONE
Stories
7
Units
123
Rooms
38
Bathrooms
1
Total area
115,342 SF
Lot
1.91 ac (83,096 SF)
APN
054-133-180
UPID
US09-2082002
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
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$36.2M
OFFICE BUILDING
Est. value
$78.6M
RESTAURANT
Est. value
$78.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$62.2M
COMMERCIAL (GENERAL)
Est. value
$53.3M
AUTO REPAIR, GARAGE
Est. value
$52.4M
RETAIL STORES
Est. value
$49.9M
WAREHOUSE, STORAGE
Est. value
$37.8M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
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
Heating
NONE
Stories
7
Units
123
Rooms
38
Bathrooms
1
Lot
1.91 ac
Current owner
From public records · entity-resolved
A2a Rwc Holdings LLC
Entity
Free & Clear · 2 yrs held
Mailing address
1331 N CALIFORNIA BLVD, WALNUT CREEK, CA 94596-4537
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Oct 19, 2023
$51,000,000
A2a Rwc Holdings LLC
Eqr Broadway Towers LP
Grant Deed
—
Mar 15, 2012
$26,000,000
Eqr-broadway Towers LP
Contesta Immobilien Gmbh & Co
Grant Deed
—
Jul 2, 1999
—
Erich Klug
Klug,barbara F
Quit Claim Deed
related
—
Jul 31, 1996
—
Contesta Immobilien Gmbh & Co
Klug Trust
Grant Deed
related
—
Nov 27, 1995
$5,625,000
Klug Trust
Mariposa Investment
Grant Deed
—
—
—
Mariposa Investm
—
Deed Of Trust
related
$800,000 · Mid Peninsula Bank
—
—
Contesta Immobilien Gmbh & Co
—
Deed Of Trust
related
$6,000,000 · John Hancock Mutual Life Ins
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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