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Property profile & analytics
OFF-MARKET
Estimated value
$2,795,000
Apartment buildings
152 Smalley Ave Hayward, CA 94541-4912
Individually Owned
1-yr Hold
Free & Clear
Property ID
US09-6916174
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1974
Construction
WOOD
Total area
9,640 SF
Lot
0.75 ac (32,884 SF)
APN
431-16-39
UPID
US09-6916174
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
$2.77M
CAP Approach
CAP
$2.88M
Comparable Approach
Comparable
$2.57M
Blend (final)
Blend
$2.80M
Owner & transaction history
Jeffrey Yip · 1 yrs held
Jeffrey Yip
since 2025
Last sale
$2.9M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$4.1M
+76.3%
Auto repair, garage
$3.6M
+53.4%
Commercial (general)
$2.7M
+17.3%
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 Hayward submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hayward 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
$2,695,000
ML approach
$2,765,000
CAP Approach
CAP Return
Estimation
6%
$3,115,000
6.5%
$2,875,000
7%
$2,670,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,325,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$4,095,000
Change: +76% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,565,000
Change: +53% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,725,000
Change: +17% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$2,620,000
Change: +13% · Conversion: Difficult
RETAIL STORES
$2,610,000
Change: +12% · Conversion: Difficult
MEDICAL BUILDING
$2,570,000
Change: +11% · Conversion: Moderate
Blend value · Realmo final
$2.80M
Range $2.52M – $3.07M · ±10% · vs last sale $2.93M (Mar 24 2025)
Last sale anchor
$2.93M
Mar 24 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
$290 / 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
$26,562
Tax year 2023
Assessed value
$2,129,801
Assessed 2024
Previous assessed
$2,088,053
+2.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$640,864
Assessed improvement
$1,488,937
Applied tax rate
59.0000
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
1974
Construction
WOOD
Heating
NONE
Buildings
3
Stories
2
Units
12
Rooms
47
Bathrooms
12
Total area
9,640 SF
Lot
0.75 ac (32,884 SF)
APN
431-16-39
UPID
US09-6916174
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
$2.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.1M
AUTO REPAIR, GARAGE
Est. value
$3.6M
COMMERCIAL (GENERAL)
Est. value
$2.7M
INDUSTRIAL (GENERAL)
Est. value
$2.6M
RETAIL STORES
Est. value
$2.6M
MEDICAL BUILDING
Est. value
$2.6M
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
RETAIL STORES
MEDICAL 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
1974
Construction
WOOD
Heating
NONE
Stories
2
Buildings
3
Units
12
Rooms
47
Bathrooms
12
Lot
0.75 ac
Current owner
From public records · entity-resolved
Jeffrey Yip
Individual
Free & Clear · 1 yrs held
Mailing address
696 E LEWELLING BLVD, HAYWARD, CA 94541-1104
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
Mar 24, 2025
—
Jeffrey Yip
Patricia See Yan Tam
Quitclaim Deed
related
—
Mar 24, 2025
$2,925,000
Jeffrey Yip
Cellu Dhawan
Grant Deed
$1,715,000 · Avidbank
Jun 26, 2009
—
Salwan S & C Living Trust
Wan S & C Living Trust
Quit Claim Deed
related
—
Feb 27, 2006
—
Salwan Sandeep & Cellu Trust
Salwan,dharam P
Quit Claim Deed
—
Sep 15, 2003
—
Salwan,tr
Salwan,sandeep & Cellu
Quit Claim Deed
related
—
Sep 7, 2001
—
Dharam Salwan
Salwan,dharam & Vijay
Quit Claim Deed
related
—
Jul 31, 2001
$989,000
Dharam Salwan
De Miguel,michael M
Grant Deed
$692,300 · World Savings Bank
Oct 23, 1989
$714,000
Michae De Miguel
Starker Services
Grant Deed
$490,000 · Western Federal Savings & Loan
—
—
Demiguel F.
—
Deed Of Trust
related
$97,000 · B Street Investo
—
—
Salwan S & C Living Trust
—
Deed Of Trust
related
$500,000 · Wells Fargo Bank
—
—
L E Hollingworth
—
Deed Of Trust
related
$137,000 · Individual
—
—
L E Hollingworth
—
Deed Of Trust
related
$137,000 · Individual
—
—
Michael M Demiguel
—
Deed Of Trust
related
$115,000 · Individual
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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