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Property profile & analytics
OFF-MARKET
Estimated value
$2,805,000
Apartment buildings
2033 Manhattan Ave East Palo Alto, CA 94303-2259
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1546091
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1961
Total area
14,912 SF
Lot
0.52 ac (22,480 SF)
APN
063-282-080
UPID
US09-1546091
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
$3.17M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.81M
Owner & transaction history
Woodland Park Property Owner A LLC · 3 yrs held
Woodland Park Property Owner A LLC
since 2023
Last sale
$2.6M
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 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
$2,940,000
ML approach
$3,165,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.81M
Range $2.52M – $3.09M · ±10% · vs last sale $2.55M (Jul 14 2023)
Last sale anchor
$2.55M
Jul 14 2023
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
$188 / 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
$100,236
Tax year 2024
Assessed value
$7,033,145
Assessed 2024
Previous assessed
$7,033,145
+0.0% YoY
Effective rate
1.43%
On assessed value
Assessed land
$6,132,533
Assessed improvement
$900,612
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
1961
Heating
NONE
Stories
2
Units
32
Rooms
70
Bathrooms
3
Total area
14,912 SF
Lot
0.52 ac (22,480 SF)
APN
063-282-080
UPID
US09-1546091
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
Building & site characteristics
From public records
Year built
1961
Heating
NONE
Stories
2
Units
32
Rooms
70
Bathrooms
3
Lot
0.52 ac
Current owner
From public records · entity-resolved
Woodland Park Property Owner A LLC
Entity
Mailing address
2600 EL CAMINO REAL STE #410, PALO ALTO, CA 94306-1719
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Jul 14, 2023
—
Woodland Park Property Owner A LLC
Woodland Park Property Owner LLC
Intrafamily Transfer
related
—
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
$4,387,000
Woodland Park Property Owner L
Eqr-woodland Park A LP
Grant Deed
—
Mar 4, 2010
$2,553,032
Redus Woodland LLC
First American Title Ins
Trustees Deed
related
—
Nov 27, 2006
$5,000,000
2033 Manhattan LLC
Bernadicou,michael A
Grant Deed
—
Sep 20, 2005
—
Michael A Bernadicou
Janet Nicole Bernadicou
Intrafamily Transfer
related
$1,200,000 · Washington Mutual Bank
Aug 18, 1998
—
Bernadicou,michael A
Marquerit,marie M
Trustees Deed
$997,500 · Bay View Bank
Apr 30, 1998
$650,000
Manhattan Ptshp LLC
Manhattan Ptshp
Grant Deed
related
$650,000 · Washington Mutual Fsb
Oct 14, 1994
$17,000
Edouard N Marguerit
Kopfmann,alfred E & Karen
Grant Deed
related
—
Nov 22, 1988
$855,000
Manhattan Pa
Gibraltar Saving
Grant Deed
$684,000 · Zzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
—
—
Woodland Park Property Owner L
—
Deed Of Trust
related
$220,843,000 · Greystone Svcg
—
—
Michael A Bernadicou
—
Deed Of Trust
related
$1,147,500 · Bay View Bank
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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