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Property profile & analytics
OFF-MARKET
Estimated value
$1,400,000
Apartment buildings
1916 Capitol Ave East Palo Alto, CA 94303-2377
Entity Owned
10-yr Hold
Absentee Owner
Property ID
US09-1248940
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1951
Total area
4,490 SF
Lot
0.33 ac (14,330 SF)
Zoning code
R30000
APN
063-484-040
UPID
US09-1248940
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
$1.88M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.40M
Owner & transaction history
Woodland Park Property Owner L · 10 yrs held
Woodland Park Property Owner L
since 2016
7 recorded transactions
Zoning & alternative use
R30000 · 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%
$2,035,000
6.5%
$1,880,000
7%
$1,745,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,075,000
Change: -11% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,040,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$1.40M
Range $1.26M – $1.54M · ±10%
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
$312 / 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
$23,603
Tax year 2024
Assessed value
$1,661,705
Assessed 2024
Previous assessed
$1,661,705
+0.0% YoY
Effective rate
1.42%
On assessed value
Assessed land
$1,333,262
Assessed improvement
$328,443
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
1951
Heating
NONE
Stories
1
Units
7
Rooms
19
Bathrooms
7
Total area
4,490 SF
Lot
0.33 ac (14,330 SF)
Zoning code
R30000
APN
063-484-040
UPID
US09-1248940
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
COMMERCIAL (GENERAL)
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$2.0M
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
1951
Heating
NONE
Stories
1
Units
7
Rooms
19
Bathrooms
7
Lot
0.33 ac
Current owner
From public records · entity-resolved
Woodland Park Property Owner L
Entity
Mailing address
965 PAGE ML RD, PALO ALTO, CA 94304-1013
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
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
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
$1,432,000
Woodland Park Property Owner L
Eqr-woodland Park B LP
Grant Deed
—
Mar 4, 2010
$881,982
Redus Woodland LLC
First American Title Ins
Trustees Deed
related
—
Oct 10, 2006
$1,700,000
1916 Capitol LLC
Jonasson Family Trust
Grant Deed
—
Apr 15, 2005
—
Jonasson Trust
Jonasson,axel E
Quit Claim Deed
related
—
Feb 17, 1998
$65,000
Axel Jonasson
Birdsley,joy & Betty
Quit Claim Deed
related
$65,000 · Seller
—
—
Woodland Park Property Owner L
—
Deed Of Trust
related
$220,843,000 · Greystone Svcg
—
—
Jonasson Family Trust
—
Deed Of Trust
related
$625,000 · Wayne Shaffer
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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