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Property profile & analytics
OFF-MARKET
Estimated value
$9,170,000
Apartment buildings
1331 Jefferson Ave Redwood City, CA 94062-1079
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0872417
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1963
Total area
34,300 SF
Lot
0.39 ac (17,188 SF)
APN
053-043-280
UPID
US09-0872417
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
-
Jefferson Apartments | Prodesse Apartment Building Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.17M
Owner & transaction history
Irving And Latham LLC · 8 yrs held
Irving And Latham LLC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$14.8M
+21.2%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$12,235,000
Current use
RETAIL STORES
$14,835,000
Change: +21% · Conversion: Difficult
WAREHOUSE, STORAGE
$11,240,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$9.17M
Range $8.25M – $10.09M · ±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
$267 / 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
$185,632
Tax year 2024
Assessed value
$16,806,553
Assessed 2024
Previous assessed
$16,806,553
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$3,904,315
Assessed improvement
$12,902,238
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
1963
Heating
NONE
Stories
3
Units
30
Rooms
90
Bathrooms
3
Total area
34,300 SF
Lot
0.39 ac (17,188 SF)
APN
053-043-280
UPID
US09-0872417
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
$12.2M
RETAIL STORES
Est. value
$14.8M
WAREHOUSE, STORAGE
Est. value
$11.2M
APARTMENT HOUSE (5+ UNITS) Current
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
1963
Heating
NONE
Stories
3
Units
30
Rooms
90
Bathrooms
3
Lot
0.39 ac
Current owner
From public records · entity-resolved
Irving And Latham LLC
Entity
Mailing address
96 IRVING AVE, ATHERTON, CA 94027-2008
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
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
May 27, 2020
—
Latham LLC
—
Deed
related
$500,000 · First Republic Bank
Apr 9, 2018
$15,050,000
Irving And Latham LLC
Oamc 1331 Jefferson Investment LLC
Grant Deed
$8,200,000 · First Republic Bank
Apr 24, 2015
$10,000,000
Oamc 1331 Jefferson Investment
875 Woodside LLC
Grant Deed
$8,000,000 · Rcc R/e
Mar 4, 2014
$6,900,000
875 Woodside LLC
Iec Jefferson LLC
Grant Deed
$4,460,000 · Jpmorgan Chase Bank NA
Dec 1, 2011
$4,800,000
Iec Jefferson LLC
Tolomeo L Ong
Grant Deed
$3,360,000 · Jpmorgan Chase Bank NA
Sep 15, 2000
—
Tolomeo L Ong
Ong,matilde S
Quit Claim Deed
related
—
Sep 15, 2000
$4,150,000
Ong,tolomeo L
Lynch Trust
Trustees Deed
$2,335,000 · Washington Mutual Fsb
Sep 11, 1998
—
Lynch Trust
Lynch,william A & Dagmar B
Quit Claim Deed
related
—
Jan 28, 1997
$2,300,000
William A Lynch
Koch Trust
Grant Deed
$1,725,000 · Home Savings Of America
May 7, 1993
—
—
—
Deed Of Trust
related
—
Aug 26, 1992
$2,000,000
Joachim Koch
Jacobs R./birnba
Grant Deed
$1,377,000 · Seller
—
—
Tolomeo L Ong
—
Deed Of Trust
related
$2,900,000 · Washington Mutual Fsb
—
—
Tolomeo L Ong
—
Deed Of Trust
related
$2,550,000 · World Savings
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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