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Property profile & analytics
OFF-MARKET
Estimated value
$1,920,000
Apartment buildings
1950 Ivy St San Mateo, CA 94403-7310
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US10-3209473
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1958
Total area
4,428 SF
Lot
0.13 ac (5,666 SF)
APN
035-233-090
UPID
US10-3209473
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
-
LN Painting Painting
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.54M
Comparable Approach
Comparable
$2.03M
Blend (final)
Blend
$1.92M
Owner & transaction history
Ivy Circle LLC
Ivy Circle LLC
since 2025
Last sale
$2.1M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.9M
+110.3%
Neighborhood: shopping center
$2.4M
+74.1%
Retail stores
$2.1M
+56.3%
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 San Mateo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Mateo 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%
$1,665,000
6.5%
$1,540,000
7%
$1,430,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,375,000
Current use
OFFICE BUILDING
$2,885,000
Change: +110% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$2,390,000
Change: +74% · Conversion: Difficult
RETAIL STORES
$2,145,000
Change: +56% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,045,000
Change: +49% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,010,000
Change: +47% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,695,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$1.92M
Range $1.73M – $2.11M · ±10% · vs last sale $2.06M (Dec 30 2025)
Last sale anchor
$2.06M
Dec 30 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
$434 / 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
$33,079
Tax year 2024
Assessed value
$2,043,096
Assessed 2024
Previous assessed
$2,043,096
+0.0% YoY
Effective rate
1.62%
On assessed value
Assessed land
$1,081,640
Assessed improvement
$961,456
Applied tax rate
12.0000
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
1958
Heating
NONE
Stories
2
Units
6
Rooms
19
Bathrooms
6
Total area
4,428 SF
Lot
0.13 ac (5,666 SF)
APN
035-233-090
UPID
US10-3209473
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, 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
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.4M
OFFICE BUILDING
Est. value
$2.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.4M
RETAIL STORES
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$2.0M
WAREHOUSE, STORAGE
Est. value
$1.7M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1958
Heating
NONE
Stories
2
Units
6
Rooms
19
Bathrooms
6
Lot
0.13 ac
Current owner
From public records · entity-resolved
Ivy Circle LLC
Entity
Mailing address
1299 BAYSHORE HWY STE #118, BURLINGAME, CA 94010-1807
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2025
$2,060,000
Ivy Circle LLC
Dynasty Tang LLC
Grant Deed
$1,236,000 · Lone Oak Fund LLC
May 31, 2024
—
Dynasty Tang LLC
—
Deed
related
$1,150,000 · Tpe Fund I LP
Apr 11, 2023
—
Dynasty Song LLC
—
Deed
related
$2,140,000 · Qualfax INC
May 31, 2019
—
Dynasty Tang LLC
—
Deed
related
$965,000 · Jp Morgan Chase Bk
May 19, 2016
—
Dynasty Tang LLC
—
Deed
related
$1,020,000 · Jpmorgan Chase Bank NA
Aug 3, 2015
—
Dynasty Tang LLC
Cheng,wen L
Quit Claim Deed
—
Jan 13, 2015
—
Wen L Cheng
Jw Continental LLC
Quit Claim Deed
related
—
Jun 27, 2014
$1,700,000
Jw Continental LLC
Louis Stalcar
Grant Deed
$900,000 · Banc Of California NA
Jul 19, 2011
—
Louis Stalcar
Louis Stalcar
Correction Deed
related
$580,000 · Jpmorgan Chase Bank NA
Apr 20, 2007
$1,210,000
Louis Stalcar
Maria Iskiw
Grant Deed
$600,000 · Luther Burbank Savings
Feb 28, 2007
—
Maria Iskiw
Iskiw John & M 1991 Trust
Quit Claim Deed
related
—
Oct 25, 1989
$625,000
John Iskiw
Molina Delayed E
Grant Deed
$270,000 · Bay View Federal Bank
—
—
Dynasty Tang LLC
—
Deed Of Trust
related
$965,000 · Jp Morgan Chase Bk
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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