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Property profile & analytics
FOR SALE
Apartment buildings
1760 Bay Rd, East Palo Alto, CA 94303
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0910319
For Sale
1 / 8
$8,750,000
1760 Bay Rd, East Palo Alto, CA 94303
View Listing →
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1964
Total area
19,378 SF
Lot
1.03 ac (44,768 SF)
Zoning code
R30000
APN
063-221-100
UPID
US09-0910319
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
$8.55M
CAP Approach
CAP
$8.12M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.47M
Owner & transaction history
St Francis Ctr Of Redwood City · 6 yrs held
St Francis Ctr Of Redwood City
since 2020
Last sale
$8.5M
4 recorded transactions
Zoning & alternative use
R30000 · East Palo Alto, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$13.1M
+29.9%
Neighborhood: shopping center
$10.5M
+3.7%
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 East Palo Alto submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East Palo Alto 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
$8,435,000
ML approach
$8,550,000
CAP Approach
CAP Return
Estimation
6%
$8,790,000
6.5%
$8,115,000
7%
$7,535,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$10,090,000
Current use
RESTAURANT
$13,105,000
Change: +30% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$10,455,000
Change: +4% · Conversion: Difficult
COMMERCIAL (GENERAL)
$8,955,000
Change: -11% · Conversion: Moderate
AUTO REPAIR, GARAGE
$8,805,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$8.47M
Range $7.62M – $9.32M · ±10% · vs last sale $8.45M (May 15 2020)
Last sale anchor
$8.45M
May 15 2020
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
$437 / 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
$34,516
Tax year 2024
Assessed value
$9,071,482
Assessed 2024
Previous assessed
$9,071,482
+0.0% YoY
Effective rate
0.38%
On assessed value
Assessed land
$4,288,807
Assessed improvement
$4,782,675
Applied tax rate
21.0000
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
1964
Heating
NONE
Stories
2
Units
41
Rooms
48
Total area
19,378 SF
Lot
1.03 ac (44,768 SF)
Zoning code
R30000
APN
063-221-100
UPID
US09-0910319
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
R30000 · East Palo Alto, CA
Zoning R30000 · permitted uses
R30000 · East Palo Alto, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
East Palo Alto. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$10.1M
RESTAURANT
Est. value
$13.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.5M
COMMERCIAL (GENERAL)
Est. value
$9.0M
AUTO REPAIR, GARAGE
Est. value
$8.8M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1964
Heating
NONE
Stories
2
Units
41
Rooms
48
Lot
1.03 ac
Current owner
From public records · entity-resolved
St Francis Ctr Of Redwood City
Entity
Mailing address
151 BUCKINGHAM AVE, REDWOOD CITY, CA 94063-5317
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 15, 2020
$8,450,000
St Francis Ctr Of Redwood City
Ministry Svcs Of The Daughters/ch
Grant Deed
$5,450,000 · Ministry Svcs The Daughzers Ch
Feb 5, 2015
—
Ministry Services Of Daughters & Ch
Daughters Of Charity Ministry Ser
Quit Claim Deed
—
Nov 1, 2001
—
Daughters Of Charity Ministry
Mulugeta,benyam & Paula
Grant Deed
related
—
Mar 6, 2000
$2,100,000
Benyam Mulugeta
Paul L Hulme Trustee
Grant Deed
related
$2,000,000 · Starker Services INC
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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