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Property profile & analytics
OFF-MARKET
Office buildings
1939 Addison St Berkeley, CA 94704-1101
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US09-6603964
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1938
Construction
TILT-UP CONCRETE
Total area
4,113 SF
Lot
0.1 ac (4,407 SF)
APN
57-2024-4
UPID
US09-6603964
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
-
Berkeley Video & Film Festival Film Production Television Studio
-
East Bay Media Center Charitable Organization Social Service Agency
-
360church Church
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
East Bay Media Center · 5 yrs held
East Bay Media Center
since 2020
Last sale
$165,000
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
—
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
$8,427
Tax year 2023
Assessed value
$605,014
Assessed 2024
Previous assessed
$593,153
+2.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$255,937
Assessed improvement
$349,077
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1938
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
1
Units
1
Bathrooms
4
Total area
4,113 SF
Lot
0.1 ac (4,407 SF)
APN
57-2024-4
UPID
US09-6603964
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
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
1
Units
1
Bathrooms
4
Lot
0.1 ac
Current owner
From public records · entity-resolved
East Bay Media Center
Individual
Mailing address
1939 ADDISON ST, BERKELEY, CA 94704-1101
Mailing matches property
Yes
Owner-occupied
Yes
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 24, 2020
—
East Bay Media Center
East Bay Media Center
Correction Deed
related
$620,000 · Community Vision Cap & Consult
Feb 11, 2010
—
East Bay Media Center
East Bay Media Center INC
Quit Claim Deed
$670,000 · Mechanics Bank
Mar 12, 1998
$218,500
East Bay Media Center INC
Mahshi,jack J
Grant Deed
related
$179,000 · Seller
Mar 28, 1997
$165,000
Jack J Mahshi
David Rabb Estate
Grant Deed
$165,000 · Seller
Oct 16, 1996
$154,312
David Rabb Freal Estate Invst
Hattam,john R
Trustees Deed
—
—
—
East Bay Media Center
—
Deed Of Trust
related
$50,000 · Berkeley City (ca)
—
—
East Bay Media Center INC
—
Deed Of Trust
related
$450,000 · Wells Fargo Bank
—
—
East Bay Media Center
—
Deed Of Trust
related
$592,000 · Sonoma National Bank
—
—
East Bay Media Center
—
Deed Of Trust
related
$620,000 · Community Vision Cap & Consult
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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