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Property profile & analytics
OFF-MARKET
Estimated value
$1,050,000
Apartment buildings
1441 Josephine St Berkeley, CA 94703-1115
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US09-6595597
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1905
Construction
WOOD
Total area
2,929 SF
Lot
0.09 ac (4,000 SF)
APN
59-2270-23
UPID
US09-6595597
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
$1.05M
CAP Approach
CAP
$895k
Comparable Approach
Comparable
$1.10M
Blend (final)
Blend
$1.05M
Owner & transaction history
Gilan Ahmadi · 2 yrs held
Gilan Ahmadi
since 2024
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.6M
+87.2%
Office building
$1.4M
+68.9%
Neighborhood: shopping center
$1.2M
+48.7%
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
$1,050,000
ML approach
$1,050,000
CAP Approach
CAP Return
Estimation
6%
$970,000
6.5%
$895,000
7%
$830,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$835,000
Current use
MEDICAL BUILDING
$1,565,000
Change: +87% · Conversion: Moderate
OFFICE BUILDING
$1,415,000
Change: +69% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,245,000
Change: +49% · Conversion: Difficult
RETAIL STORES
$1,060,000
Change: +26% · Conversion: Difficult
AUTO REPAIR, GARAGE
$945,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$1.05M
Range $945k – $1.16M · ±10% · vs last sale $1.05M (Mar 6 2024)
Last sale anchor
$1.05M
Mar 6 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
$358 / 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
$18,793
Tax year 2023
Assessed value
$1,145,577
Assessed 2024
Previous assessed
$1,123,119
+2.0% YoY
Effective rate
1.64%
On assessed value
Assessed land
$489,399
Assessed improvement
$656,178
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
Off-Market
Year built
1905
Construction
WOOD
Heating
NONE
Buildings
2
Stories
2
Units
5
Bathrooms
5
Total area
2,929 SF
Lot
0.09 ac (4,000 SF)
APN
59-2270-23
UPID
US09-6595597
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
$835,000
MEDICAL BUILDING
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
RETAIL STORES
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$945,000
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
AUTO REPAIR, GARAGE
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
1905
Construction
WOOD
Heating
NONE
Stories
2
Buildings
2
Units
5
Bathrooms
5
Lot
0.09 ac
Current owner
From public records · entity-resolved
Gilan Ahmadi
Individual
Mailing address
1721 MARIN AVE, BERKELEY, CA 94707-2211
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 6, 2024
—
Gilan Ahmadi
Bahman Ahmadi
Intrafamily Transfer
related
—
Dec 17, 2021
—
Bahman Ahmadi
Bahman Ahmadi
Intrafamily Transfer
related
—
Feb 27, 2019
$1,050,000
Bahman Ahmadi
Chu,nancy H
Grant Deed
—
Feb 27, 2019
—
Giian Ahmadi
Gharakhani,rahim
Quit Claim Deed
related
—
Aug 10, 2010
—
Chu Nancy H 2010 Living Trust
Chu,nancy H
Quit Claim Deed
related
—
Feb 14, 2006
—
Nancy H Chu
Chu,cheng-shen
Quit Claim Deed
related
—
—
—
Cheng S Chu
—
Deed Of Trust
related
$146,000 · Medallion Mortgage Co
—
—
Cheng&nancy Chu
—
Deed Of Trust
related
$169,000 · United Funding Corp
—
—
Cheng-shen Chu
—
Deed Of Trust
related
$120,000 · Individual
—
—
Cheng-shen Chu
—
Deed Of Trust
related
$100,000 · Bank Of America
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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