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Property profile & analytics
FOR SALE
Apartment buildings
1201 Dwight Way Berkeley, CA 94702
Entity Owned
~
Est. High Equity
Property ID
US09-8450504
For Sale
1 / 30
$1,450,000
1201 Dwight Way, Berkeley, CA 94702
View Listing →
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1951
Construction
WOOD
Total area
2,629 SF
Lot
0.12 ac (5,350 SF)
APN
56-1930-23
UPID
US09-8450504
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
$1.61M
CAP Approach
CAP
$805k
Comparable Approach
Comparable
$1.23M
Blend (final)
Blend
$1.31M
Owner & transaction history
Taycon Properties Four LLC
Taycon Properties Four LLC
since 2025
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.4M
+52.8%
Office building
$1.3M
+37.8%
Neighborhood: shopping center
$1.1M
+21.3%
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 Berkeley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Berkeley 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
$1,565,000
ML approach
$1,610,000
CAP Approach
CAP Return
Estimation
6%
$870,000
6.5%
$805,000
7%
$745,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$920,000
Current use
MEDICAL BUILDING
$1,405,000
Change: +53% · Conversion: Moderate
OFFICE BUILDING
$1,270,000
Change: +38% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,115,000
Change: +21% · Conversion: Difficult
AUTO REPAIR, GARAGE
$845,000
Change: -8% · Conversion: Difficult
COMMERCIAL (GENERAL)
$795,000
Change: -14% · Conversion: Moderate
Blend value · Realmo final
$1.31M
Range $1.17M – $1.44M · ±10% · vs last sale $1.31M (Jul 8 2025)
Last sale anchor
$1.31M
Jul 8 2025
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
$496 / 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
$26,926
Tax year 2023
Assessed value
$1,844,033
Assessed 2024
Previous assessed
$1,807,879
+2.0% YoY
Effective rate
1.46%
On assessed value
Assessed land
$780,850
Assessed improvement
$1,063,183
Applied tax rate
13.0000
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
For Sale
Year built
1951
Construction
WOOD
Heating
NONE
Buildings
2
Stories
2
Units
5
Rooms
14
Bathrooms
6
Total area
2,629 SF
Lot
0.12 ac (5,350 SF)
APN
56-1930-23
UPID
US09-8450504
Jurisdiction
ALAMEDA
Metro division
OAKLAND-FREMONT-HAYWARD, 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
$920,000
MEDICAL BUILDING
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$845,000
COMMERCIAL (GENERAL)
Est. value
$795,000
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
1951
Construction
WOOD
Heating
NONE
Stories
2
Buildings
2
Units
5
Rooms
14
Bathrooms
6
Lot
0.12 ac
Current owner
From public records · entity-resolved
Taycon Properties Four LLC
Entity
Mailing address
245 DARRELL RD, HILLSBOROUGH, CA 94010-7109
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 8, 2025
$1,305,000
Taycon Properties Four LLC
David L Farella
Grant Deed
$250,000 · Jpmorgan Chase Bank NA
Mar 23, 2021
—
David L Farella
David L Farella
Intrafamily Transfer
related
—
Oct 27, 2017
$1,655,000
David L Farella
Biscoe Properties LLC
Grant Deed
$1,075,750 · First Republic Bank
Feb 3, 2017
—
Biscoe Properties LLC
Curtis Dwight LLC
Grant Deed
$1,000,000 · Luther Burbank Savings
Jan 11, 2013
—
Fairview Gilmore LLC
Adams,elizabeth J
Quit Claim Deed
—
Dec 20, 2012
—
Curtis Dwight LLC
Fairview Gilmore LLC
Grant Deed
—
Jun 5, 2012
$735,000
Fairview Gilmore LLC
Ripsteeen,jack R
Grant Deed
$514,500 · First Republic Bank
Oct 3, 2003
$601,000
Jack R Ripsteen
Brzozka,alexandra
Grant Deed
$420,000 · East West Bank
Oct 28, 1997
$250,000
Alexandra Brzozka
Glenn,kenneth A & Luella P
Grant Deed
$187,500 · Eureka Savings Bank
Jun 15, 1973
—
—
—
Grant Deed
related
—
—
—
Kenneth A Glenn
—
Deed Of Trust
related
$157,500 · Eurekabank
—
—
Alexandra Brzozka
—
Deed Of Trust
related
$100,000 · Redwood Mortgage Investors Vii
—
—
Alexandra Brzozka
—
Deed Of Trust
related
$10,000 · Davis Mortgage Investment
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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