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Property profile & analytics
OFF-MARKET
Estimated value
$35,115,000
Apartment buildings
2121 Dwight Way Berkeley, CA 94704-2095
Entity Owned
Property ID
US09-7634277
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2017
Construction
WOOD
Total area
81,410 SF
Lot
0.51 ac (22,173 SF)
APN
55-1890-12-1
UPID
US09-7634277
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
-
The Dwight Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$24.90M
Comparable Approach
Comparable
$40.01M
Blend (final)
Blend
$35.12M
Owner & transaction history
2121 Dwight Way LLC
2121 Dwight Way LLC
since 2025
Last sale
$37.8M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$43.6M
+50.1%
Restaurant
$41.0M
+41.3%
Office building
$39.3M
+35.4%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$26,970,000
6.5%
$24,895,000
7%
$23,115,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$29,015,000
Current use
MEDICAL BUILDING
$43,560,000
Change: +50% · Conversion: Moderate
RESTAURANT
$40,980,000
Change: +41% · Conversion: Difficult
OFFICE BUILDING
$39,290,000
Change: +35% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$36,710,000
Change: +27% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$34,585,000
Change: +19% · Conversion: Difficult
RETAIL STORES
$29,425,000
Change: +1% · Conversion: Difficult
AUTO REPAIR, GARAGE
$26,215,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$35.12M
Range $31.60M – $38.63M · ±10% · vs last sale $37.78M (Sep 5 2025)
Last sale anchor
$37.78M
Sep 5 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
$431 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$697,696
Tax year 2023
Assessed value
$46,409,596
Assessed 2024
Previous assessed
$45,511,174
+2.0% YoY
Effective rate
1.50%
On assessed value
Assessed land
$10,331,367
Assessed improvement
$36,078,229
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2017
Construction
WOOD
Heating
NONE
Buildings
1
Stories
6
Units
99
Rooms
234
Bathrooms
105
Total area
81,410 SF
Lot
0.51 ac (22,173 SF)
APN
55-1890-12-1
UPID
US09-7634277
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
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$29.0M
MEDICAL BUILDING
Est. value
$43.6M
RESTAURANT
Est. value
$41.0M
OFFICE BUILDING
Est. value
$39.3M
INDUSTRIAL (GENERAL)
Est. value
$36.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$34.6M
RETAIL STORES
Est. value
$29.4M
AUTO REPAIR, GARAGE
Est. value
$26.2M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
RESTAURANT
OFFICE BUILDING
INDUSTRIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
2017
Construction
WOOD
Heating
NONE
Stories
6
Buildings
1
Units
99
Rooms
234
Bathrooms
105
Lot
0.51 ac
Current owner
From public records · entity-resolved
2121 Dwight Way LLC
Entity
Mailing address
618 WALNUT ST STE #201, SAN CARLOS, CA 94070-3170
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
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 5, 2025
$37,780,000
2121 Dwight Way LLC
Dwight Way Residential Property Own
Grant Deed
$22,000,000 · Voya Investment Management LLC
Jan 3, 2019
—
Dwight Way Residential Property Own
—
Deed
related
$36,000,000 · Mufg Union Bank NA
Feb 27, 2015
$8,768,500
Dwight Way Residential Property Own
2107 Dwight Way LLC
Grant Deed
$26,400 · Mufg Union Bank NA
Jan 26, 2015
—
2107 Dwight Way LLC
2107 Dwight Way LLC
Quit Claim Deed
related
—
Jun 20, 2013
$23,590,909
2107 Dwight Way LLC
Ftb INC
Grant Deed
—
Jul 1, 1978
—
—
—
Grant Deed
related
—
—
—
Kn Matsumura INC
—
Deed Of Trust
related
$715,000 · Perlstein Trust
—
—
K N Matsumura INC
—
Deed Of Trust
related
$408,145 · Bank Of California
—
—
Kn Matsumura INC
—
Deed Of Trust
related
$750,000 · Arbor Road Partners LP
—
—
K N Matsumura INC
—
Deed Of Trust
related
$450,000 · Nicolas Haralambides
—
—
K N Matsamura INC
—
Deed Of Trust
related
$550,000 · Perlstein Trust
—
—
Kn Matsumura INC
—
Deed Of Trust
related
$750,000 · St Francis Invest
—
—
K N Matsumura INC
—
Deed Of Trust
related
$600,000 · Bay Laurel Partnership
—
—
K N Matsumura INC
—
Deed Of Trust
related
$920,000 · Eastridge Investment
—
—
K N Matsumura INC
—
Deed Of Trust
related
$930,000 · Arbor Road Partners LP
—
—
Kn Matsumura INC
—
Deed Of Trust
related
$125,000 · Walker Trust
—
—
K N Matsumura INC
—
Deed Of Trust
related
$310,000 · Bay Area Financial
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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