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Property profile & analytics
OFF-MARKET
Estimated value
$1,110,000
Apartment buildings
1879 Woodland Ave, East Palo Alto, CA 94303-2746
Individually Owned
Absentee Owner
Property ID
US09-2400387
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1948
Total area
3,892 SF
Lot
0.24 ac (10,325 SF)
Zoning code
R300S3
APN
063-501-040
UPID
US09-2400387
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
$1.11M
Owner & transaction history
Hoang Lam
Hoang Lam
since 2025
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
R300S3 · East Palo Alto, CA
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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,800,000
Change: -11% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,770,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$1.11M
Range $999k – $1.22M · ±10% · vs last sale $1.20M (Dec 4 2025)
Last sale anchor
$1.20M
Dec 4 2025
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
$285 / 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
$16,704
Tax year 2024
Assessed value
$1,148,973
Assessed 2024
Previous assessed
$1,148,973
+0.0% YoY
Effective rate
1.45%
On assessed value
Assessed land
$863,472
Assessed improvement
$285,501
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
Off-Market
Year built
1948
Heating
FLOOR/WALL FURNACE
Stories
2
Units
5
Rooms
15
Bathrooms
5
Total area
3,892 SF
Lot
0.24 ac (10,325 SF)
Zoning code
R300S3
APN
063-501-040
UPID
US09-2400387
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
R300S3 · East Palo Alto, CA
Zoning R300S3 · permitted uses
R300S3 · 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
COMMERCIAL (GENERAL)
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.8M
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
1948
Heating
FLOOR/WALL FURNACE
Stories
2
Units
5
Rooms
15
Bathrooms
5
Lot
0.24 ac
Current owner
From public records · entity-resolved
Hoang Lam
Individual
Mailing address
965 PAGE ML RD, PALO ALTO, CA 94304-1013
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 4, 2025
$1,200,000
Hoang Lam
Woodland Park Property Owner LLC
Grant Deed
—
Jun 2, 2023
—
Woodland Park Property Owner LLC
—
Deed
related
$165,000,000 · Ocbc Bank
Dec 5, 2016
—
Woodland Park Property Owner L
—
Deed
related
$220,843,000 · Greystone Svcg
Feb 23, 2016
$1,426,500
Woodland Park Property Owner L
Eqr-woodland Park B LP
Grant Deed
—
Mar 4, 2010
$597,578
Redus Woodland LLC
First American Title Ins
Trustees Deed
related
—
Jan 3, 2008
$1,185,000
1879 Woodland LLC
Simison,matthew R & Natalie D
Grant Deed
—
Oct 8, 2004
$795,000
Matthew R Simison
Upton,thomas
Grant Deed
$596,250 · United Commercial Bank
Jun 29, 1998
—
Thomas Upton
Upton,thomas
Quit Claim Deed
related
$280,000 · Borel Bank & Trust
—
—
Thomas Upton
—
Deed Of Trust
related
$30,000 · Individual
—
—
Woodland Park Property Owner L
—
Deed Of Trust
related
$220,843,000 · Greystone Svcg
—
—
Thomas Upton
—
Deed Of Trust
related
$35,000 · Individual
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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