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Property profile & analytics
OFF-MARKET
Estimated value
$27,180,000
Apartment buildings
3124 La Selva Cir San Mateo, CA 94403-2156
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2071531
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1964
Total area
161,434 SF
Lot
1.95 ac (85,158 SF)
Zoning code
R30000
APN
040-162-020
UPID
US09-2071531
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
$27.18M
Owner & transaction history
Preston At Hillsdale LLC · 6 yrs held
Preston At Hillsdale LLC
since 2019
7 recorded transactions
Zoning & alternative use
R30000 · San Mateo, CA
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 San Mateo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Mateo 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$168 / 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
$453,685
Tax year 2024
Assessed value
$33,345,482
Assessed 2024
Previous assessed
$33,345,482
+0.0% YoY
Effective rate
1.36%
On assessed value
Assessed land
$21,444,041
Assessed improvement
$11,901,441
Applied tax rate
12.0000
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
1964
Heating
NONE
Stories
2
Units
72
Rooms
55
Bathrooms
11
Total area
161,434 SF
Lot
1.95 ac (85,158 SF)
Zoning code
R30000
APN
040-162-020
UPID
US09-2071531
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
R30000 · San Mateo, CA
Zoning R30000 · permitted uses
R30000 · San Mateo, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
San Mateo. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1964
Heating
NONE
Stories
2
Units
72
Rooms
55
Bathrooms
11
Lot
1.95 ac
Current owner
From public records · entity-resolved
Preston At Hillsdale LLC
Entity
Mailing address
4970 EL CAMINO REAL STE #220, LOS ALTOS, CA 94022-1461
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2024
—
The Preston At Hillsdale LLC
—
Deed
related
$48,500,000 · Invesco Cmi Investments LP
Oct 28, 2019
$79,500,000
Preston At Hillsdale LLC
Pur Villa Serena LLC
Grant Deed
$59,625,000 · Invesco Cmi Invs LP
Dec 30, 1997
$9,200,000
Wesco Properties INC
Hicap Properties INC
Grant Deed
$9,200,000 · Bank Of The West
Jun 16, 1994
—
Hicap Properties INC
Web Service Co I
Quit Claim Deed
related
—
Jun 29, 1992
—
Hicap Properties Corp
Stpaul Federal B
Grant Deed
$8,000 · St Paul Federal
Nov 4, 1988
$2,451,000
Raymond&yee Kong
Ronald Russell T
Grant Deed
related
—
—
—
Raymond Kong
—
Deed Of Trust
related
$214,000 · Individual
—
—
Wesco Properties INC
—
Deed Of Trust
related
$7,500,000 · Cathay Bank
—
—
Raymond Kong
—
Deed Of Trust
related
$1,000,000 · Great American Fed'l Savings
—
—
Raymond Kong
—
Deed Of Trust
related
$700,000 · 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
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