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Property profile & analytics
OFF-MARKET
Estimated value
$655,000
Apartment buildings
2630 Mathews St Berkeley, CA 94702-2243
Individually Owned
11-yr Hold
~
Est. High Equity
Property ID
US09-9358126
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1935
Construction
WOOD
Total area
2,592 SF
Lot
0.12 ac (5,300 SF)
APN
54-1786-2
UPID
US09-9358126
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
$795k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$655k
Owner & transaction history
Louis R Xie · 11 yrs held
Louis R Xie
since 2015
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 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%
$860,000
6.5%
$795,000
7%
$735,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$910,000
Current use
AUTO REPAIR, GARAGE
$835,000
Change: -8% · Conversion: Difficult
COMMERCIAL (GENERAL)
$785,000
Change: -14% · Conversion: Moderate
Blend value · Realmo final
$655k
Range $590k – $721k · ±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
$253 / 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
$17,250
Tax year 2023
Assessed value
$1,034,058
Assessed 2024
Previous assessed
$1,013,788
+2.0% YoY
Effective rate
1.67%
On assessed value
Assessed land
$261,126
Assessed improvement
$772,932
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
1935
Construction
WOOD
Heating
NONE
Buildings
1
Stories
1
Units
8
Rooms
8
Bathrooms
8
Total area
2,592 SF
Lot
0.12 ac (5,300 SF)
APN
54-1786-2
UPID
US09-9358126
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
$910,000
AUTO REPAIR, GARAGE
Est. value
$835,000
COMMERCIAL (GENERAL)
Est. value
$785,000
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
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
1935
Construction
WOOD
Heating
NONE
Stories
1
Buildings
1
Units
8
Rooms
8
Bathrooms
8
Lot
0.12 ac
Current owner
From public records · entity-resolved
Louis R Xie
Individual
Mailing address
7089 MIDCREST WAY, EL CERRITO, CA 94530
Ownership since
2015
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
Nov 16, 2017
—
Louis R Xie
—
Deed
related
$730,000 · Jp Morgan Chase Bk
Jul 23, 2015
$895,000
Louis R Xie
Bussey,glenn
Grant Deed
$80,000 · Jones & Sandra Tong
Jun 6, 1996
$260,000
Bussey,glenn
Garcia,frank & Betty A
Trustees Deed
$225,000 · Seller
Aug 2, 1990
$105,500
Frank Garcia
Doyka,t./kockos,
Grant Deed
—
Jun 21, 1988
$116,000
Thaddeus Doyka
Smith,linda
Grant Deed
$87,000 · Continental Savings Of America
—
—
Louis R Xie
—
Deed Of Trust
related
$730,000 · Jp Morgan Chase Bk
—
—
Glenn Bussey
—
Deed Of Trust
related
$340,000 · Imperial Capital Bank
—
—
Frank Garcia
—
Deed Of Trust
related
$11,700 · Era Network Cmc
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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