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Property profile & analytics
OFF-MARKET
Estimated value
$3,950,000
Apartment buildings
1665 6th Ave, Belmont, CA 94002-3861
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-3010282
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1959
Total area
11,595 SF
Lot
0.24 ac (10,332 SF)
Zoning code
R40000
APN
045-255-100
UPID
US10-3010282
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
-
Innovation on 6th Avenue Apartment Building
-
Mystic Futur3 (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.95M
CAP Approach
CAP
$4.86M
Comparable Approach
Comparable
$5.50M
Blend (final)
Blend
$3.95M
Owner & transaction history
Hanerrealty LLC · 1 yrs held
Hanerrealty LLC
since 2024
Last sale
$4.0M
7 recorded transactions
Zoning & alternative use
R40000 · Belmont, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$6.3M
+56.0%
Retail stores
$5.9M
+47.0%
Commercial (general)
$5.4M
+33.6%
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
$3,950,000
ML approach
$3,950,000
CAP Approach
CAP Return
Estimation
6%
$5,260,000
6.5%
$4,855,000
7%
$4,510,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$4,010,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$6,255,000
Change: +56% · Conversion: Difficult
RETAIL STORES
$5,895,000
Change: +47% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,360,000
Change: +34% · Conversion: Moderate
AUTO REPAIR, GARAGE
$5,265,000
Change: +31% · Conversion: Difficult
WAREHOUSE, STORAGE
$4,435,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$3.95M
Range $3.56M – $4.35M · ±10% · vs last sale $3.95M (Oct 18 2024)
Last sale anchor
$3.95M
Oct 18 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
$341 / 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
$68,689
Tax year 2024
Assessed value
$5,159,271
Assessed 2024
Previous assessed
$5,159,271
+0.0% YoY
Effective rate
1.33%
On assessed value
Assessed land
$1,338,621
Assessed improvement
$3,820,650
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
1959
Heating
NONE
Stories
2
Units
10
Rooms
32
Bathrooms
10
Total area
11,595 SF
Lot
0.24 ac (10,332 SF)
Zoning code
R40000
APN
045-255-100
UPID
US10-3010282
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
R40000 · Belmont, CA
Zoning R40000 · permitted uses
R40000 · Belmont, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Belmont. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$4.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.3M
RETAIL STORES
Est. value
$5.9M
COMMERCIAL (GENERAL)
Est. value
$5.4M
AUTO REPAIR, GARAGE
Est. value
$5.3M
WAREHOUSE, STORAGE
Est. value
$4.4M
APARTMENT HOUSE (5+ UNITS) Current
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
1959
Heating
NONE
Stories
2
Units
10
Rooms
32
Bathrooms
10
Lot
0.24 ac
Current owner
From public records · entity-resolved
Hanerrealty LLC
Entity
Mailing address
7103 S REVERE PKWY, CENTENNIAL, CO 80112-3936
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 8, 2024
—
Hanerrealty LLC
—
Deed
related
$2,050,000 · Everbank NA
Oct 18, 2024
$3,950,000
Hanerrealty LLC
6th Ave Innovation LLC
Grant Deed
$2,085,000 · Security Finance Company
Mar 29, 2018
$4,625,000
6th Ave Innovation LLC
Irving And Latham LLC
Grant Deed
$2,312,500 · First Republic Bank
Jun 21, 2013
$2,675,000
Irving & Latham LLC
Shafae,kourosh & Bette
Grant Deed
—
Apr 11, 2007
—
Azimian Ahmad Living Trust
Azimian,ahmad
Quit Claim Deed
related
—
Nov 1, 2005
$1,920,000
Kourosh Shafae
Ruder Trust
Grant Deed
$1,248,000 · East-west Investment INC
Nov 1, 2005
—
Ahmad Azimian
Irany,roya S
Quit Claim Deed
related
—
Oct 23, 2002
$3,175,000
Ruder,tr
Demelo,tr
Grant Deed
$1,975,000 · Financial Inst Partners Mtg
Jun 22, 1999
—
Demelo Trust
—
Deed Of Trust
related
$1,000,000 · World Savings 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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