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Property profile & analytics
OFF-MARKET
Estimated value
$950,000
Apartment buildings
135 20th St Richmond, CA 94801-3676
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2372718
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1984
Construction
WOOD FRAME
Total area
3,559 SF
Lot
0.13 ac (5,625 SF)
Zoning code
R2C
APN
540-200-005-2
UPID
US09-2372718
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
$950k
CAP Approach
CAP
$795k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$950k
Owner & transaction history
135 20th St LLC · 2 yrs held
135 20th St LLC
since 2024
Last sale
$949,000
7 recorded transactions
Zoning & alternative use
R2C · Richmond, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.3M
+57.5%
Commercial (general)
$1.0M
+22.6%
Auto repair, garage
$920,000
+12.0%
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 Richmond submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Richmond 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
$950,000
ML approach
$950,000
CAP Approach
CAP Return
Estimation
6%
$860,000
6.5%
$795,000
7%
$735,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$820,000
Current use
MEDICAL BUILDING
$1,295,000
Change: +57% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,005,000
Change: +23% · Conversion: Moderate
AUTO REPAIR, GARAGE
$920,000
Change: +12% · Conversion: Difficult
OFFICE BUILDING
$880,000
Change: +7% · Conversion: Moderate
Blend value · Realmo final
$950k
Range $855k – $1.05M · ±10% · vs last sale $949k (Jun 28 2024)
Last sale anchor
$949k
Jun 28 2024
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
$11,702
Tax year 2024
Assessed value
$392,750
Assessed 2024
Previous assessed
$392,750
+0.0% YoY
Effective rate
2.98%
On assessed value
Assessed land
$117,822
Assessed improvement
$274,928
Applied tax rate
8.0000
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
1984
Construction
WOOD FRAME
Heating
NONE
Stories
1
Units
5
Rooms
5
Total area
3,559 SF
Lot
0.13 ac (5,625 SF)
Zoning code
R2C
APN
540-200-005-2
UPID
US09-2372718
Jurisdiction
CONTRA COSTA
Metro division
OAKLAND-FREMONT-HAYWARD, CA METROPOLITAN DIVISION
Zoning & alternative use
R2C · Richmond, CA
Zoning R2C · permitted uses
R2C · Richmond, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Richmond. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$820,000
MEDICAL BUILDING
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$920,000
OFFICE BUILDING
Est. value
$880,000
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1984
Construction
WOOD FRAME
Heating
NONE
Stories
1
Units
5
Rooms
5
Lot
0.13 ac
Current owner
From public records · entity-resolved
135 20th St LLC
Entity
Mailing address
287 S HL BLVD, SAN FRANCISCO, CA 94112-4552
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 28, 2024
$949,000
135 20th St LLC
Philip James Atkinson
Grant Deed
$711,750 · Philip Atkinson
Jun 23, 2008
$305,000
Atkinson P J Living
United Commercial Bank
Grant Deed
—
Jun 12, 2007
$437,960
United Commercial Bank
Alliance Title
Trustees Deed
related
—
Mar 13, 2007
—
Joshua Martarella
—
Trustees Deed
related
$140,000 · Richard H III & Gerry A Wulbern
Aug 4, 2005
—
Joshua A Martarella
—
Trustees Deed
related
$700,000 · Buckley Real Estate INC
Mar 1, 2004
—
Joshua Martarella
Martarella,lisa
Quit Claim Deed
related
—
Mar 1, 2004
$575,000
Joshua Martarella
Wulbern,richard H & Gerry A
Grant Deed
$431,250 · Buckley Real Estate INC
Sep 28, 1995
$82,000
Richard H Wulbern
First Nationwide Mortgage Corp
Grant Deed
—
May 15, 1995
$96,000
First Nationwide Mortgage Corp
Tanner,terry
Trustees Deed
related
—
Dec 31, 1986
$9,000
John Lancaster
Tanner,terry
Grant Deed
—
—
—
Joshua Martarella
—
Deed Of Trust
related
$431,250 · United Commercial Bank
—
—
Atkinson P J Living
—
Deed Of Trust
related
$330,000 · Mechanics Bank
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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