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Property profile & analytics
FOR SALE
Apartment buildings
20 Joice St San Francisco, CA 94108
Entity Owned
2-yr Hold
Free & Clear
Property ID
US09-6081516
For Sale
1 / 27
$1,495,000
20 Joice St, San Francisco, CA 94108
View Listing →
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1914
Construction
WOOD
Total area
2,664 SF
Lot
0.03 ac (1,115 SF)
Zoning code
RM3
APN
0256 -023
UPID
US09-6081516
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
$850k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$850k
Owner & transaction history
Mhd Real Estate LLC · 2 yrs held
Mhd Real Estate LLC
since 2024
Last sale
$850,000
7 recorded transactions
Zoning & alternative use
RM3 · San Francisco, 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 San Francisco submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Francisco 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
$850,000
ML approach
$850,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$805,000
Current use
COMMERCIAL (GENERAL)
$735,000
Change: -9% · Conversion: Moderate
Blend value · Realmo final
$850k
Range $765k – $935k · ±10% · vs last sale $850k (May 14 2024)
Last sale anchor
$850k
May 14 2024
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
$319 / 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
$21,365
Tax year 2024
Assessed value
$1,705,348
Assessed 2024
Previous assessed
$1,705,348
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$1,188,552
Assessed improvement
$516,796
Applied tax rate
1.0000
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
1914
Construction
WOOD
Heating
NONE
Stories
3
Units
6
Rooms
15
Bathrooms
4
Total area
2,664 SF
Lot
0.03 ac (1,115 SF)
Zoning code
RM3
APN
0256 -023
UPID
US09-6081516
Jurisdiction
SAN FRANCISCO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
RM3 · San Francisco, CA
Zoning RM3 · permitted uses
RM3 · San Francisco, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
San Francisco. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$805,000
COMMERCIAL (GENERAL)
Est. value
$735,000
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
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
1914
Construction
WOOD
Heating
NONE
Stories
3
Units
6
Rooms
15
Bathrooms
4
Lot
0.03 ac
Current owner
From public records · entity-resolved
Mhd Real Estate LLC
Entity
Free & Clear · 2 yrs held
Mailing address
PO BOX 6TH 6, BRISBANE, CA 94005-0006
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2024
—
Mhd Real Estate LLC
—
Deed
related
$770,000 · Monterra Credit Union
May 14, 2024
$850,000
Mhd Real Estate LLC
Skbh1 LLC
Grant Deed
—
Dec 19, 2022
—
Skbh 1 LLC
Madelyn Lee
Grant Deed
—
May 31, 2022
—
Madelyn Lee
Andrew Lee
Intrafamily Transfer
related
—
Mar 21, 2008
—
Lee Soo K Trust
Lee,soo K
Quit Claim Deed
related
—
Apr 11, 2007
—
Soo K Lee
Lee B H & S K Trust
Quit Claim Deed
related
—
Apr 4, 2001
—
Lee Trust
Lee Trust
Quit Claim Deed
related
—
Jan 26, 1996
—
Lee Trust
Lee,buck H & Soo K
Quit Claim Deed
related
—
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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