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Property profile & analytics
OFF-MARKET
Estimated value
$3,285,000
Apartment buildings
38825 Fremont Blvd Fremont, CA 94536-6982
Entity Owned
3-yr Hold
Free & Clear
Property ID
US09-7803101
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1968
Construction
WOOD
Total area
18,784 SF
Lot
0.85 ac (36,875 SF)
APN
501-930-5-3
UPID
US09-7803101
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
-
American Standard Insurance Agency
-
All American Porta Potties - Fremont Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.29M
Owner & transaction history
Deccan Pacific LP · 3 yrs held
Deccan Pacific LP
since 2022
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 Fremont submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fremont 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
$175 / 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
$63,336
Tax year 2023
Assessed value
$4,320,636
Assessed 2024
Previous assessed
$4,235,944
+2.0% YoY
Effective rate
1.47%
On assessed value
Assessed land
$1,741,571
Assessed improvement
$2,579,065
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
1968
Construction
WOOD
Heating
NONE
Buildings
1
Stories
2
Units
27
Bathrooms
27
Total area
18,784 SF
Lot
0.85 ac (36,875 SF)
APN
501-930-5-3
UPID
US09-7803101
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
Building & site characteristics
From public records
Year built
1968
Construction
WOOD
Heating
NONE
Stories
2
Buildings
1
Units
27
Bathrooms
27
Lot
0.85 ac
Current owner
From public records · entity-resolved
Deccan Pacific LP
Entity
Free & Clear · 3 yrs held
Mailing address
1860 MOWRY AVE STE #400, FREMONT, CA 94538-1730
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 13, 2022
—
Deccan Pacific LP
Ramesh C Karipineni
Grant Deed
—
Sep 11, 2018
—
Ramesh C Karipineni
—
Deed
related
$1,860,000 · Wells Fargo Bank NA
Mar 23, 2012
—
Ramesh C Karipineni
Karipineni,ramesh & Shakira
Quit Claim Deed
related
$2,085,000 · Fremont Bank
Dec 9, 2005
$3,240,000
Ramesh Karipineni
Gude,dasaradha
Grant Deed
$2,175,000 · Citibank West Fsb
Jul 26, 2001
—
Dasaradha R Gude
—
Trustees Deed
related
$1,900,000 · Abn Amro Mortgage Group INC
Apr 7, 2000
$1,040,500
Dasaradha Gude
Kaipineni,ramesh C & Shakira B
Grant Deed
—
Dec 8, 1999
—
Erasmus Trust
Erasmus,desmond
Quit Claim Deed
related
—
Apr 16, 1982
—
—
—
Grant Deed
related
—
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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