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Property profile & analytics
OFF-MARKET
Estimated value
$64,950,000
Apartment buildings
1580 Southgate Ave, Daly City, CA 94015-2262
Entity Owned
28-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2421119
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1987
Total area
99,989 SF
Lot
1.62 ac (70,707 SF)
APN
008-521-150
UPID
US09-2421119
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
-
Michelle M. Mangio, OT Physician
-
Serra Commons 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
$64.95M
Owner & transaction history
Serra Commons LLC · 28 yrs held
Serra Commons LLC
since 1997
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Daly City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Daly 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$650 / 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
$230,208
Tax year 2024
Assessed value
$13,932,685
Assessed 2024
Previous assessed
$13,932,685
+0.0% YoY
Effective rate
1.65%
On assessed value
Assessed land
$4,179,799
Assessed improvement
$9,752,886
Applied tax rate
5.0000
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
1987
Heating
BASEBOARD
Stories
4
Units
99
Rooms
30
Bathrooms
1
Total area
99,989 SF
Lot
1.62 ac (70,707 SF)
APN
008-521-150
UPID
US09-2421119
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
Building & site characteristics
From public records
Year built
1987
Heating
BASEBOARD
Stories
4
Units
99
Rooms
30
Bathrooms
1
Lot
1.62 ac
Current owner
From public records · entity-resolved
Serra Commons LLC
Entity
Free & Clear · 28 yrs held
Mailing address
101 CHURCH ST STE #17, LOS GATOS, CA 95030-6928
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1997
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2024
—
Maas Commons LLC
—
Deed
related
$21,450,000 · Lument Real Estate Capital LLC
Dec 24, 1997
—
Serra Commons LLC
Serra Commons LLC
Quit Claim Deed
related
—
Nov 4, 1997
$6,200,000
Serra Commons LLC
Bocci,richard & Deborah L
Grant Deed
—
Jul 18, 1994
—
Richard Bocci
—
Deed Of Trust
related
$6,100,000 · Credit Lyonnais Caym
—
—
Richard A Bocci
—
Deed Of Trust
related
$5,800,000 · Wells Fargo Bank
—
—
Richard A Bocci
—
Deed Of Trust
related
$6,075,000 · Home Savings Of America
—
—
Maas Commons LLC
—
Deed Of Trust
related
$15,925,000 · Capital One Multifamily Fin
—
—
Richard A Bocci
—
Deed Of Trust
related
$3,131,000 · Imperial Bank Mortgage
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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