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Property profile & analytics
OFF-MARKET
Estimated value
$2,015,000
Apartment buildings
1640 23rd St San Pablo, CA 94806-4870
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2319449
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1984
Total area
17,832 SF
Lot
0.56 ac (24,360 SF)
APN
527-041-020-1
UPID
US09-2319449
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.02M
Owner & transaction history
Town Center Commons LLC · 6 yrs held
Town Center Commons LLC
since 2019
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 San Pablo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Pablo 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
$113 / 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
$47,608
Tax year 2024
Assessed value
$2,240,603
Assessed 2024
Previous assessed
$2,240,603
+0.0% YoY
Effective rate
2.12%
On assessed value
Assessed land
$706,967
Assessed improvement
$1,533,636
Applied tax rate
11.0000
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
1984
Heating
NONE
Stories
1
Units
20
Rooms
20
Total area
17,832 SF
Lot
0.56 ac (24,360 SF)
APN
527-041-020-1
UPID
US09-2319449
Jurisdiction
CONTRA COSTA
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
Building & site characteristics
From public records
Year built
1984
Heating
NONE
Stories
1
Units
20
Rooms
20
Lot
0.56 ac
Current owner
From public records · entity-resolved
Town Center Commons LLC
Entity
Mailing address
2872 YGNACIO VLY RD #101, WALNUT CREEK, CA 94598-3534
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
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
Dec 26, 2019
—
Town Center Commons LLC
Gascot Rios Glendaly
Grant Deed
$3,830,000 · Opus Bank
Jun 11, 2019
—
Glendaly Gascot-rios
Gascot,glendaly
Quit Claim Deed
related
$1,000,000 · Val-chris Invs
Mar 31, 2017
—
Glendaly Gascot
—
Deed
related
$2,330,000 · Bofi Federal Bank
Oct 3, 2014
$1,900,000
Glendaly Gascot
Jojenn Corp
Grant Deed
$1,267,500 · Hif Lenders II LLC Hif Lenders II LLC
Apr 26, 2012
—
Jojenn Corp
Lovett,philip
Quit Claim Deed
related
—
Mar 19, 2012
—
Philip F Lovett
Jojenn Corp
Quit Claim Deed
related
—
Oct 31, 2003
—
Jojenn Corp
Lovett,philip F
Grant Deed
related
—
Dec 31, 1998
$565,000
Philip F Lovett
Bay View Bank
Grant Deed
$423,750 · Bay View Bank
Feb 20, 1997
$462,000
Bay View Federal Bank
Dillon,kent
Trustees Deed
related
—
—
—
Glendaly Gascot
—
Deed Of Trust
related
$1,425,000 · Velocity Com'l Cap
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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