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Property profile & analytics
FOR SALE
Apartment buildings
1739 Spruce St Berkeley, CA 94709
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US09-8666393
For Sale
$6,500,000
1739 Spruce St, Berkeley, CA 94709
View Listing →
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1938
Construction
WOOD
Total area
9,194 SF
Lot
0.43 ac (18,750 SF)
APN
58-2182-33-1
UPID
US09-8666393
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
$1.56M
Owner & transaction history
Spruce Garden LLC · 12 yrs held
Spruce Garden LLC
since 2013
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 Berkeley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Berkeley 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
$169 / 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
$38,649
Tax year 2023
Assessed value
$1,729,001
Assessed 2024
Previous assessed
$1,695,104
+2.0% YoY
Effective rate
2.24%
On assessed value
Assessed land
$584,018
Assessed improvement
$1,144,983
Applied tax rate
13.0000
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
For Sale
Year built
1938
Construction
WOOD
Heating
NONE
Buildings
3
Stories
2
Units
6
Bathrooms
7
Total area
9,194 SF
Lot
0.43 ac (18,750 SF)
APN
58-2182-33-1
UPID
US09-8666393
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
Building & site characteristics
From public records
Year built
1938
Construction
WOOD
Heating
NONE
Stories
2
Buildings
3
Units
6
Bathrooms
7
Lot
0.43 ac
Current owner
From public records · entity-resolved
Spruce Garden LLC
Entity
Mailing address
PO BOX 964, TIBURON, CA 94920-0964
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
23 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 27, 2022
—
Spruce Garden LLC
—
Deed
related
$4,140,000 · Umpqua Bank
Apr 26, 2019
—
Spruce Garden LLC
—
Deed
related
$700,000 · Jeff Mogalian
Aug 31, 2017
—
Spruce Garden LLC
—
Deed
related
$3,712,500 · Umpqua Bk
Dec 4, 2013
—
Spruce Garden LLC
Wong,anna M C
Grant Deed
—
Jun 15, 1999
—
Anna M Wong
Wong,anna M
Quit Claim Deed
related
$200,000 · Individual
—
—
Anna M C Wong
—
Deed Of Trust
related
$150,000 · Michael & Winnie Licht
—
—
Anna M C Wong
—
Deed Of Trust
related
$100,000 · Josephine Chan
—
—
Anna M C Wong
—
Deed Of Trust
related
$1,050,000 · Bay Area Financial
—
—
Anna M Wong
—
Deed Of Trust
related
$300,000 · Oxford Mortgage Corp
—
—
Spruce Garden LLC
—
Deed Of Trust
related
$3,712,500 · Umpqua Bk
—
—
Anna M Wong
—
Deed Of Trust
related
$1,612,500 · China Trust Bank USA
—
—
Anna M Wong
—
Deed Of Trust
related
$500,000 · Oxford Mortgage Funds LP
—
—
Anna M Wong
—
Deed Of Trust
related
$1,000,000 · Bay Area Financial
—
—
Anna M Wong
—
Deed Of Trust
related
$1,000,000 · Bay Area Financial
—
—
Spruce Garden LLC
—
Deed Of Trust
related
$3,450,000 · Umpqua Bk
—
—
Anna M Wong
—
Deed Of Trust
related
$1,104,000 · Bay Area Financial
—
—
Anna M Wong
—
Deed Of Trust
related
$2,300,000 · East West Bank
—
—
Anna M Wong
—
Deed Of Trust
related
$500,000 · Theodore J Gradman
—
—
Spruce Garden LLC
—
Deed Of Trust
related
$2,887,500 · Sterling Savings Bank
—
—
Anna M C Wong
—
Deed Of Trust
related
$1,040,000 · Bay Area Financial
—
—
Spruce Garden LLC
—
Deed Of Trust
related
$700,000 · Jeff Mogalian
—
—
Anna Wong
—
Deed Of Trust
related
$954,000 · Washington Mutual Fsb
—
—
Anna M C Wong
—
Deed Of Trust
related
$75,000 · Lucky Sandhu
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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