Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,120,000
Apartment buildings
2925 Mabel St Berkeley, CA 94702-2417
Individually Owned
9-yr Hold
~
Est. High Equity
Property ID
US09-7878895
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1889
Construction
WOOD
Total area
4,633 SF
Lot
0.29 ac (12,830 SF)
APN
53-1623-23
UPID
US09-7878895
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
-
Leon-Electric Electrical Service General Contractor
-
Patricia's Cleaning Service Hardware & Home Improvement
-
Cruz Window Cleaning General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.42M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.12M
Owner & transaction history
Eric Tu · 9 yrs held
Eric Tu
since 2017
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%
$1,535,000
6.5%
$1,415,000
7%
$1,315,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,625,000
Current use
AUTO REPAIR, GARAGE
$1,490,000
Change: -8% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,400,000
Change: -14% · Conversion: Moderate
Blend value · Realmo final
$1.12M
Range $1.01M – $1.23M · ±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
$242 / 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
$32,934
Tax year 2023
Assessed value
$1,989,374
Assessed 2024
Previous assessed
$1,950,367
+2.0% YoY
Effective rate
1.66%
On assessed value
Assessed land
$676,996
Assessed improvement
$1,312,378
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
1889
Construction
WOOD
Heating
NONE
Buildings
2
Stories
2
Units
7
Rooms
19
Bathrooms
10
Total area
4,633 SF
Lot
0.29 ac (12,830 SF)
APN
53-1623-23
UPID
US09-7878895
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
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.4M
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
1889
Construction
WOOD
Heating
NONE
Stories
2
Buildings
2
Units
7
Rooms
19
Bathrooms
10
Lot
0.29 ac
Current owner
From public records · entity-resolved
Eric Tu
Individual
Mailing address
783 TURQUOISE DR, HERCULES, CA 94547-1766
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 28, 2022
—
Eric Tu
—
Deed
related
$880,000 · Pacific Premier Bank
Apr 28, 2017
$1,750,000
Eric Tu
Victor Lee Paillet SR.
Grant Deed
$900,000 · Bofi Federal Bank
May 12, 2005
—
Victor L Paillet SR.
Paillet Vic SR Trust
Quit Claim Deed
related
$600,000 · East West Bank
Oct 27, 2003
—
Pailett,tr
Paillet,victor L
Quit Claim Deed
related
—
Oct 8, 2003
—
Victor L Paillet
Paillet,tr
Quit Claim Deed
related
$500,000 · Douglas G Sykes
Aug 4, 2003
—
Paillet,tr
Paillett,victor L
Quit Claim Deed
related
—
—
—
Victor L Paillet
—
Deed Of Trust
related
$204,000 · Beneficial California INC
—
—
Victor L Paillet
—
Deed Of Trust
related
$150,000 · Douglas G Sykes
—
—
Victor L Paillet
—
Deed Of Trust
related
$32,000 · 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 2925 Mabel St?
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.
