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Property profile & analytics
OFF-MARKET
Estimated value
$46,450,000
Apartment buildings
405 Rancho Arroyo Pkwy Fremont, CA 94536-2756
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US09-9032076
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1976
Construction
WOOD
Total area
273,373 SF
Lot
0.04 ac (1,612 SF)
APN
507-62-4-23
UPID
US09-9032076
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
-
Casa Arroyo Apartments Apartment Complex
-
Holley Creative Marketing Building Supply Hardware & Home Improvement
-
Gugu Trucking Trucking Company
-
KnowledgeHut LLC Training Center
-
Mommy fingers licensed childcare Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$46.45M
Owner & transaction history
LP Michel-casa II · 14 yrs held
LP Michel-casa II
since 2011
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
$170 / 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
$694,357
Tax year 2023
Assessed value
$62,090,813
Assessed 2024
Previous assessed
$41,406,068
+50.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$17,555,466
Assessed improvement
$44,535,347
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
1976
Construction
WOOD
Heating
NONE
Buildings
46
Stories
2
Units
394
Rooms
168
Bathrooms
394
Total area
273,373 SF
Lot
0.04 ac (1,612 SF)
APN
507-62-4-23
UPID
US09-9032076
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
1976
Construction
WOOD
Heating
NONE
Stories
2
Buildings
46
Units
394
Rooms
168
Bathrooms
394
Lot
0.04 ac
Current owner
From public records · entity-resolved
LP Michel-casa II
Entity
Mailing address
920 GLENNEYRE ST STE Z, LAGUNA BEACH, CA 92651-2740
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 1, 2018
—
Michel-casa LP
—
Deed
related
$45,560,000 · Berkeley Point Cap
Aug 17, 2011
$10,000,000
LP Michel-casa II
Tc Bay Area Investments I LP
Grant Deed
—
Dec 30, 2009
—
Michel Casa LP
Casa Arroyo Apartments LP
Grant Deed
—
Sep 13, 2002
—
Casa Arroyo Apartments LLC
Casa Arroyo Apartments LLC
Quit Claim Deed
related
—
May 1, 1998
—
Casa Arroyo Apartments LLC
Casa Arroyo Apartments LLC
Quit Claim Deed
related
$24,000,000 · General Electric Capital Corp
Oct 12, 1993
$2,000,000
Casa Arroyo Apartments
Quaestor INC
Grant Deed
related
—
Dec 22, 1992
$10,000
Quaestor Corporation
Casa Arroyo Apar
Grant Deed
related
—
—
—
Casa Arroyo Apar
—
Deed Of Trust
related
$1,100,000 · Saratoga Capital
—
—
Michel-casa LP
—
Deed Of Trust
related
$45,560,000 · Berkeley Point Cap
—
—
Casa Arroyo Apartments
—
Deed Of Trust
related
$1,800,000 · Redwood Mtg Investors Viii
—
—
Michel-casa LP
—
Deed Of Trust
related
$15,631,000 · Berkeley Point Cap
—
—
Casa Arroyo Apartments
—
Deed Of Trust
related
$300,000 · De Nault Trust
—
—
Casa Arroyo Apartments
—
Deed Of Trust
related
$31,238,000 · Deutsche Bank Berkshire Mtg
—
—
Casa Arroyo Apartments
—
Deed Of Trust
related
$14,000,000 · World Savings & Loan
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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