Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$720,000
Apartment buildings
401 Cypress Ave South San Francisco, CA 94080-3967
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-1703036
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1977
Total area
2,588 SF
Lot
0.2 ac (8,763 SF)
APN
012-314-100
UPID
US09-1703036
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
-
Celeste Apartments Apartment Complex
-
EVPassport Charging Station Electric Vehicle Charging Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$570k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$720k
Owner & transaction history
Ssf Miller Cypress Pri II LLC · 2 yrs held
Ssf Miller Cypress Pri II LLC
since 2024
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.2M
+60.3%
Auto repair, garage
$1.2M
+57.6%
Warehouse, storage
$1.1M
+49.2%
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 South San Francisco submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South San Francisco 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
$570,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$745,000
Current use
COMMERCIAL (GENERAL)
$1,195,000
Change: +60% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,175,000
Change: +58% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,115,000
Change: +49% · Conversion: Difficult
Blend value · Realmo final
$720k
Range $648k – $792k · ±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
$278 / 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
$1,220,265
Tax year 2024
Assessed value
$112,220,781
Assessed 2024
Previous assessed
$112,220,781
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$520,781
Assessed improvement
$111,700,000
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
1977
Heating
NONE
Rooms
7
Bathrooms
2
Total area
2,588 SF
Lot
0.2 ac (8,763 SF)
APN
012-314-100
UPID
US09-1703036
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, 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
$745,000
COMMERCIAL (GENERAL)
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.2M
WAREHOUSE, STORAGE
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1977
Heating
NONE
Rooms
7
Bathrooms
2
Lot
0.2 ac
Current owner
From public records · entity-resolved
Ssf Miller Cypress Pri II LLC
Entity
Free & Clear · 2 yrs held
Mailing address
901 MARINERS IS BLVD STE #700, SAN MATEO, CA 94404-5035
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 23, 2024
—
Ssf Miller Cypress Pri II LLC
Ssf Miller Cypress Pri II LLC
Intrafamily Transfer
related
—
Aug 27, 2021
—
Ssf Miller Cypress Pri II LLC
Ssf Miller Cypress Pri II LLC
Intrafamily Transfer
related
—
May 13, 2021
—
Ssf Miller Cypress Pri II LLC
Miller Cypress Ssf LLC
Correction Deed
related
—
Feb 8, 2021
—
Ssf Miller Cypress Pri II LLC
Bit Ssf Miller Cypress LLC
Grant Deed
—
Oct 11, 2019
—
Ssf Miller Cypress Pri II LLC
Miller Cypress Ssf LLC
Quit Claim Deed
—
Dec 22, 2016
$4,000,000
Ssf Miller Cypress Pri LLC
City Of South San Francisco
Grant Deed
—
Dec 22, 2016
—
City Of South San Francisco
South San Francisco Successor
Quit Claim Deed
—
Sep 27, 2013
—
City Of South San Francisco Redev
City Of South San Francisco
Quit Claim Deed
—
Sep 2, 2011
—
City Of South San Francisco
Gonzalez Family Trust
Grant Deed
—
Sep 29, 2008
—
Gonzalez Family Trust
Gonzalez,david J & Florida G
Quit Claim Deed
related
—
Mar 21, 2002
$452,500
David J Gonzalez
South City Ford
Grant Deed
$3,500,000 · Liberty Bank
Jan 19, 1995
$2,193,500
David J Gonzalez
Metro Leasing & Investment
Grant Deed
$2,193,252 · Seller
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 401 Cypress 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.
