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Property profile & analytics
OFF-MARKET
Apartment buildings
412 Bellevue Ave San Mateo, CA 94401-5409
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1761743
Property summary
AI-generated overview
This exceptional six-unit apartment building, located at 412 E Bellevue Ave in San Mateo, CA 94401, presents a compelling investment opportunity. Built in 1946 and extensively renovated in 2020, this stabilized property boasts 2,912 square feet on a generous 10,000 square foot lot. The building comprises three one-bedroom, one-bathroom units with a den, and three one-bedroom, one-bathroom units, all currently at 100% occupancy. Recent upgrades include new kitchens featuring high-quality counters, cabinets, and appliances
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1946
Total area
2,912 SF
Lot
0.23 ac (10,000 SF)
Zoning code
R30000
APN
032-185-020
UPID
US09-1761743
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
-
Dominguez General Construction Construction Company General Contractor
-
Alma House Cleaning Commercial Cleaning Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
412 E Bellevue LLC · 1 yrs held
412 E Bellevue LLC
since 2024
Last sale
$2.1M
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
—
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
$17,405
Tax year 2024
Assessed value
$686,093
Assessed 2024
Previous assessed
$686,093
+0.0% YoY
Effective rate
2.54%
On assessed value
Assessed land
$205,818
Assessed improvement
$480,275
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
1946
Heating
NONE
Stories
1
Units
6
Rooms
18
Bathrooms
6
Total area
2,912 SF
Lot
0.23 ac (10,000 SF)
Zoning code
R30000
APN
032-185-020
UPID
US09-1761743
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
1946
Heating
NONE
Stories
1
Units
6
Rooms
18
Bathrooms
6
Lot
0.23 ac
Current owner
From public records · entity-resolved
412 E Bellevue LLC
Entity
Mailing address
6011 ALDEA AVE, ENCINO, CA 91316-1423
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 20, 2025
—
412 E Bellevue LLC
—
Deed
related
$1,200,000 · Jpmorgan Chase Bank NA
Nov 13, 2024
$2,050,000
412 E Bellevue LLC
Alberto S Shilaimon
Grant Deed
$1,200,000 · Jpmorgan Chase Bank NA
Sep 29, 2023
—
Alberto Stephen Shilaimon
—
Deed
related
$705,000 · Jpmorgan Chase Bank NA
Apr 8, 2016
—
Albert S Shilaimon
Shilaimon,albert S
Quit Claim Deed
related
—
Feb 1, 2016
$405,000
Eklila S Shlimon
Albert S Shilaimon
Intrafamily Transfer
related
$810,000 · Jpmorgan Chase Bank NA
Jul 9, 2013
$320,000
Albert S Shilaimon
Albert S Shilaimon
Grant Deed
related
$510,000 · Jpmorgan Chase Bank NA
Mar 27, 2009
—
Albert S Shilaimon
Shilaimon,albert S
Quit Claim Deed
related
$340,000 · United Commercial Bank
Mar 24, 1994
—
Albert S Shilaimon
Sargis,mina B
Quit Claim Deed
related
$325,000 · United Savings Bank
Dec 31, 1990
$139,500
Albert Shilaimon
Lyons,m.
Grant Deed
related
—
Mar 30, 1988
$425,000
Margaret Lyons
Pione
Grant Deed
$245,000 · Great Western Bank
—
—
Albert Shilaimon
—
Deed Of Trust
related
$95,000 · 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.
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