Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$960,000
Apartment buildings
221 Laurel Ave Hayward, CA 94541-3822
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-7950263
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1924
Construction
WOOD
Total area
4,879 SF
Lot
0.47 ac (20,448 SF)
APN
431-16-11
UPID
US09-7950263
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$960k
Owner & transaction history
Fallen Leaf Properties LLC · 4 yrs held
Fallen Leaf Properties LLC
since 2022
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.4M
+17.3%
Retail stores
$1.3M
+12.3%
Medical building
$1.3M
+10.6%
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 Hayward submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hayward 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,175,000
Current use
COMMERCIAL (GENERAL)
$1,380,000
Change: +17% · Conversion: Moderate
RETAIL STORES
$1,320,000
Change: +12% · Conversion: Difficult
MEDICAL BUILDING
$1,300,000
Change: +11% · Conversion: Moderate
OFFICE BUILDING
$1,200,000
Change: +2% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,015,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$960k
Range $864k – $1.06M · ±10%
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
$197 / 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
$17,275
Tax year 2023
Assessed value
$1,389,189
Assessed 2024
Previous assessed
$1,361,957
+2.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$417,801
Assessed improvement
$971,388
Applied tax rate
59.0000
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
1924
Construction
WOOD
Heating
NONE
Buildings
3
Stories
1
Units
6
Rooms
23
Bathrooms
6
Total area
4,879 SF
Lot
0.47 ac (20,448 SF)
APN
431-16-11
UPID
US09-7950263
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
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.4M
RETAIL STORES
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.2M
WAREHOUSE, STORAGE
Est. value
$1.0M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
OFFICE BUILDING
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
1924
Construction
WOOD
Heating
NONE
Stories
1
Buildings
3
Units
6
Rooms
23
Bathrooms
6
Lot
0.47 ac
Current owner
From public records · entity-resolved
Fallen Leaf Properties LLC
Entity
Mailing address
1032 E 14TH STB, SAN LEANDRO, CA 94577-3731
Ownership since
2022
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
Apr 28, 2022
—
Fallen Leaf Properties LLC
Community Fund LLC
Grant Deed
$121,000,000 · Colony American Finance Lender LLC
Jun 19, 2017
—
Community Fund LLC
—
Deed
related
$400,000 · Carolyn Segalla
Feb 25, 2016
$830,200
Community Fund LLC
Plm Lender Services INC|crawford,joann L
Trustees Deed
related
$577,500 · Larry & Jacquie Lim
Nov 1, 2012
—
Joann Crawford
Ghanaat,nasser
Affidavit Of Death
—
Apr 18, 2011
—
Joann Crawford
Ghanaat,nassar
Grant Deed
—
Mar 17, 2011
—
Nasser Ghanaat
Ghanaat,nassar
Quit Claim Deed
related
—
Aug 14, 2009
$450,000
Nassar Ghanaat
Crawford,joann
Grant Deed
—
Feb 5, 2007
—
Crawford Joann L Living Trust
Crawford,joann
Quit Claim Deed
related
—
Jan 3, 2006
—
Nasser Ghanaat
Crawford,joann L
Grant Deed
—
May 15, 1992
$185,000
Nasser Ghanaat
Mcdonald,r.&g./m
Grant Deed
$120,000 · American Savings Bank
Oct 26, 1990
$43,000
Richard Mcdonald
Bennett,v./mcdon
Grant Deed
related
—
—
—
Ghanaat N.
—
Deed Of Trust
related
$285,000 · American Savings Bank
—
—
Community Fund LLC
—
Deed Of Trust
related
$400,000 · Carolyn Segalla
—
—
Joann L Crawford
—
Deed Of Trust
related
$450,000 · World Savings Bank
—
—
Joann Crawford
—
Deed Of Trust
related
—
—
—
Nasser Ghanaat
—
Deed Of Trust
related
$29,000 · Individual
—
—
Nasser Ghanaat
—
Deed Of Trust
related
$70,000 · Individual
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?”
You own 221 Laurel Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
