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Property profile & analytics
OFF-MARKET
Estimated value
$1,205,000
Investment properties
1537 Washington Ave, San Leandro, CA 94577-4478
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US09-7988237
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1951
Construction
TILT-UP CONCRETE
Total area
5,939 SF
Lot
0.12 ac (5,249 SF)
APN
75-5-7
UPID
US09-7988237
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
$1.21M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.31M
Blend (final)
Blend
$1.21M
Owner & transaction history
Sung Joon Kim · 2 yrs held
Sung Joon Kim
since 2024
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.0M
+14.4%
Auto repair, garage
$2.0M
+13.9%
Apartment house (5+ units)
$1.7M
+0.7%
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 San Leandro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Leandro 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
$1,205,000
ML approach
$1,205,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,725,000
Current use
OFFICE BUILDING
$1,970,000
Change: +14% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,960,000
Change: +14% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,735,000
Change: +1% · Conversion: Moderate
RETAIL STORES
$1,600,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$1.21M
Range $1.08M – $1.33M · ±10% · vs last sale $1.21M (May 2 2024)
Last sale anchor
$1.21M
May 2 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
$203 / 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
$28,569
Tax year 2023
Assessed value
$2,080,800
Assessed 2024
Previous assessed
$2,040,000
+2.0% YoY
Effective rate
1.37%
On assessed value
Assessed land
$416,160
Assessed improvement
$1,664,640
Applied tax rate
10.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1951
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
2
Units
6
Rooms
13
Bathrooms
6
Total area
5,939 SF
Lot
0.12 ac (5,249 SF)
APN
75-5-7
UPID
US09-7988237
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
COMMERCIAL (GENERAL) Current
Est. value
$1.7M
OFFICE BUILDING
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$2.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.7M
RETAIL STORES
Est. value
$1.6M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
1951
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Buildings
1
Units
6
Rooms
13
Bathrooms
6
Lot
0.12 ac
Current owner
From public records · entity-resolved
Sung Joon Kim
Individual
Mailing address
78 CANDLESTON PL, ALAMO, CA 94507-1177
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 2, 2024
—
Sung Joon Kim
Sung Joon Kim
Intrafamily Transfer
related
—
Mar 31, 2022
—
Sung Joon Kim
Young Kim Chang
Correction Deed
related
—
Jul 13, 2021
—
Sung Joon Kim
Young Kim Chang
Intrafamily Transfer
related
—
May 19, 2008
—
Lafave Evelyn J 1998 Trust
Lafave,evelyn J
Affidavit Of Death
related
—
Apr 12, 2006
—
Kim 2004 Family Trust
Kim,chang Y
Quit Claim Deed
related
—
Aug 3, 2005
$1,205,000
Chang Y Kim
Flores Family Trust
Grant Deed
—
Feb 20, 2004
$1,020,000
Flores,tr
Lira,alejandro & Yolanda
Grant Deed
$671,000 · Affinity Bank
Dec 23, 2003
—
Alehandro Lira
Karim,shukria H & Oadir A
Grant Deed
related
—
Mar 21, 2003
$990,000
Alejandro Lira
Karim,shukna H & Qadir A
Grant Deed
$620,000 · Jayt T & Linda P Leonard
May 30, 2001
$600,000
Shukria H Karim
La Fave Trust
Grant Deed
$450,000 · La Fave Trust
Aug 14, 1998
—
Lafave Trust
Lafave,evelyn J
Quit Claim Deed
related
—
Mar 17, 1997
—
Evelyn J Lafave
Lafave Trust
Quit Claim Deed
related
—
—
—
Kim Family 2004 Trust
—
Deed Of Trust
related
$465,000 · Hanmi 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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