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Property profile & analytics
OFF-MARKET
Estimated value
$2,420,000
Apartment buildings
1227 Ebener St Redwood City, CA 94061-2290
Entity Owned
9-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-0234216
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1965
Total area
7,709 SF
Lot
0.21 ac (9,066 SF)
Zoning code
R40000
APN
053-271-430
UPID
US09-0234216
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
-
Last Minute Household Services Inc. Home Appliance Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.23M
Comparable Approach
Comparable
$1.75M
Blend (final)
Blend
$2.42M
Owner & transaction history
Menlo Gate Group Three Holding · 9 yrs held
Menlo Gate Group Three Holding
since 2017
7 recorded transactions
Zoning & alternative use
R40000 · Redwood City, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.6M
+27.5%
Auto repair, garage
$3.5M
+25.4%
Retail stores
$3.3M
+19.3%
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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,495,000
6.5%
$3,230,000
7%
$2,995,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,795,000
Current use
COMMERCIAL (GENERAL)
$3,565,000
Change: +28% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,500,000
Change: +25% · Conversion: Difficult
RETAIL STORES
$3,335,000
Change: +19% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,525,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$2.42M
Range $2.18M – $2.66M · ±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
$314 / 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
$42,543
Tax year 2024
Assessed value
$3,840,172
Assessed 2024
Previous assessed
$3,840,172
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$1,137,828
Assessed improvement
$2,702,344
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
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
1965
Heating
NONE
Stories
2
Units
9
Rooms
28
Bathrooms
9
Total area
7,709 SF
Lot
0.21 ac (9,066 SF)
Zoning code
R40000
APN
053-271-430
UPID
US09-0234216
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
R40000 · Redwood City, CA
Zoning R40000 · permitted uses
R40000 · Redwood City, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Redwood City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.8M
COMMERCIAL (GENERAL)
Est. value
$3.6M
AUTO REPAIR, GARAGE
Est. value
$3.5M
RETAIL STORES
Est. value
$3.3M
WAREHOUSE, STORAGE
Est. value
$2.5M
APARTMENT HOUSE (5+ UNITS) Current
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
1965
Heating
NONE
Stories
2
Units
9
Rooms
28
Bathrooms
9
Lot
0.21 ac
Current owner
From public records · entity-resolved
Menlo Gate Group Three Holding
Entity
Free & Clear · 9 yrs held
Mailing address
2440 EDITH AVE, REDWOOD CITY, CA 94061-1220
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 8, 2026
—
The 2006 Lynch Family Trust
—
Deed
related
$1,830,000 · Jpmorgan Chase Bank NA
Apr 13, 2017
—
Menlo Gate Group Three Holding
Love,jesshill E III
Grant Deed
—
Apr 13, 2017
$3,375,000
Ryan W Lynch
Menlo Gate Group Three Holding LLC
Grant Deed
$2,000,000 · First Republic Bank
May 3, 2012
$250,000
Menlo Gate Group III
Love,jesshill D III
Grant Deed
$250,000 · Way Family Trust
Jun 16, 2009
—
Jesshill D Love III
Love,elizabeth G
Quit Claim Deed
related
—
Jun 16, 2009
$1,575,000
Jesshill D Love III
Martinengo Family Trust
Grant Deed
$1,025,000 · Martinengo Family Trust
Nov 3, 2008
—
Martinengo,robert D Tr
Martinengo,kiriaki D
Affidavit Of Death
related
—
Mar 1, 2002
—
Martinengo Trust
Martinengo,robert D & Kiriaki
Quit Claim Deed
related
—
Oct 22, 1996
$688,000
Robert D Martinengo
Tucker,james J & Bernice
Grant Deed
$509,000 · Bay View Federal Bank
Oct 20, 1989
$660,000
James Tucker
Atkinson,c.&r./h
Grant Deed
$460,000 · Bay View Federal Bank
—
—
James J Tucker
—
Deed Of Trust
related
$80,000 · Daniel J Rosenbledt
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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