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Property profile & analytics
OFF-MARKET
Estimated value
$4,170,000
Apartment buildings
1621 6th Ave, Belmont, CA 94002-3874
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US10-3060280
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1962
Total area
9,898 SF
Lot
0.21 ac (9,000 SF)
APN
045-255-190
UPID
US10-3060280
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
$4.17M
CAP Approach
CAP
$4.15M
Comparable Approach
Comparable
$4.69M
Blend (final)
Blend
$4.17M
Owner & transaction history
Belmont Views LLC · 2 yrs held
Belmont Views LLC
since 2024
Last sale
$4.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.7M
+95.5%
Office building
$6.4M
+85.5%
Neighborhood: shopping center
$5.3M
+56.0%
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 Belmont submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Belmont 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
$4,170,000
ML approach
$4,170,000
CAP Approach
CAP Return
Estimation
6%
$4,490,000
6.5%
$4,145,000
7%
$3,850,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,425,000
Current use
RESTAURANT
$6,695,000
Change: +96% · Conversion: Difficult
OFFICE BUILDING
$6,350,000
Change: +85% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$5,340,000
Change: +56% · Conversion: Difficult
RETAIL STORES
$5,035,000
Change: +47% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,575,000
Change: +34% · Conversion: Moderate
AUTO REPAIR, GARAGE
$4,495,000
Change: +31% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,785,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$4.17M
Range $3.75M – $4.59M · ±10% · vs last sale $4.17M (May 29 2024)
Last sale anchor
$4.17M
May 29 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
$421 / 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
$60,945
Tax year 2024
Assessed value
$4,414,773
Assessed 2024
Previous assessed
$4,414,773
+0.0% YoY
Effective rate
1.38%
On assessed value
Assessed land
$2,503,222
Assessed improvement
$1,911,551
Applied tax rate
3.0000
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
1962
Heating
NONE
Stories
3
Units
9
Rooms
33
Bathrooms
9
Total area
9,898 SF
Lot
0.21 ac (9,000 SF)
APN
045-255-190
UPID
US10-3060280
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
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$3.4M
RESTAURANT
Est. value
$6.7M
OFFICE BUILDING
Est. value
$6.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.3M
RETAIL STORES
Est. value
$5.0M
COMMERCIAL (GENERAL)
Est. value
$4.6M
AUTO REPAIR, GARAGE
Est. value
$4.5M
WAREHOUSE, STORAGE
Est. value
$3.8M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1962
Heating
NONE
Stories
3
Units
9
Rooms
33
Bathrooms
9
Lot
0.21 ac
Current owner
From public records · entity-resolved
Belmont Views LLC
Entity
Mailing address
270 VALDEZ AVE, SAN FRANCISCO, CA 94127-2122
Mailing matches property
Yes
Owner-occupied
Yes
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
May 29, 2024
$4,171,000
Belmont Views LLC
Shmaya Shaul
Grant Deed
—
Jun 28, 2019
—
Shaul Shamaya
—
Deed
related
$2,900,000 · Pacific Western National Bank
Feb 22, 2019
—
Shmaya Family Trust
Shmaya,shaul & Ester
Quit Claim Deed
related
—
Sep 23, 2016
$3,880,000
Shaul Shmaya
Xuereb Family Trust
Grant Deed
related
—
Aug 19, 2016
$3,880,000
Shmaya Shaul
Charles E Xuereb
Grant Deed
$2,500,000 · Pacific Western National Bank
Oct 3, 2014
$5,980,000
Xuereb Family Revocable Trust
Joel Elias
Grant Deed
$3,887,000 · First Republic Bank
May 7, 2013
$2,450,000
Joel Elias
Perez C A & N J Trust
Grant Deed
—
Mar 22, 2012
—
Perez Aida Trust
Perez Family Trust
Quit Claim Deed
related
—
Mar 7, 2003
$3,092,500
Victro Perez
Maple West Associates LLC
Grant Deed
$1,475,000 · Washington Mutual Fsb
Jun 1, 2000
$805,000
San Mateo Equity Corp
Begovic Trust
Grant Deed
related
$805,000 · Seller
Aug 15, 1997
$960,000
Begovic Trust
Gonzales,ronald & Nirna
Grant Deed
$715,000 · Home Savings Of America
Jan 9, 1996
$775,000
Ronald Gonzales
Adolph,kurt A & Judy I
Grant Deed
$520,000 · Home Savings 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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