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Property profile & analytics
OFF-MARKET
Estimated value
$4,755,000
Apartment buildings
429 Rengstorff Ave Mountain View, CA 94043-2861
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3218974
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1968
Construction
WOOD
Total area
13,410 SF
Lot
0.86 ac (37,514 SF)
Zoning code
R3-22
APN
150-03-003
UPID
US09-3218974
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
-
V R Communications Telecommunications Service General Contractor
-
Fairview Townhouse Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.74M
CAP Approach
CAP
$3.92M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.76M
Owner & transaction history
Kate Liang Real Estate Holdings LLC · 2 yrs held
Kate Liang Real Estate Holdings LLC
since 2023
Last sale
$4.8M
7 recorded transactions
Zoning & alternative use
R3-22 · Mountain View, 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 Mountain View submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mountain View 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
$4,660,000
ML approach
$4,735,000
CAP Approach
CAP Return
Estimation
6%
$4,250,000
6.5%
$3,920,000
7%
$3,640,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$6,550,000
Current use
INDUSTRIAL (GENERAL)
$6,270,000
Change: -4% · Conversion: Difficult
RETAIL STORES
$6,210,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$4.76M
Range $4.28M – $5.23M · ±10% · vs last sale $4.81M (Jul 28 2023)
Last sale anchor
$4.81M
Jul 28 2023
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
$355 / 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
$95,989
Tax year 2024
Assessed value
$8,000,000
Assessed 2024
Previous assessed
$8,000,000
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$5,400,000
Assessed improvement
$2,600,000
Applied tax rate
5.0000
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
CENTRAL
Cooling
NONE
Stories
2
Units
15
Bathrooms
5
Total area
13,410 SF
Lot
0.86 ac (37,514 SF)
Zoning code
R3-22
APN
150-03-003
UPID
US09-3218974
Jurisdiction
SANTA CLARA
Zoning & alternative use
R3-22 · Mountain View, CA
Zoning R3-22 · permitted uses
R3-22 · Mountain View, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mountain View. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$6.6M
INDUSTRIAL (GENERAL)
Est. value
$6.3M
RETAIL STORES
Est. value
$6.2M
APARTMENT HOUSE (5+ UNITS) Current
INDUSTRIAL (GENERAL)
RETAIL STORES
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
1968
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
15
Bathrooms
5
Lot
0.86 ac
Current owner
From public records · entity-resolved
Kate Liang Real Estate Holdings LLC
Entity
Mailing address
2424 W RUBY HL DR, PLEASANTON, CA 94566
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Jul 28, 2023
$4,810,000
Kate Liang Real Estate Holdings LLC
Wrl LLC
Grant Deed
—
Mar 9, 2023
—
Wrl LLC
—
Deed
related
$1,500,000 · Apex Property Group INC
Apr 27, 2022
—
Wrl LLC
—
Deed
related
$1,000,000 · Jpmorgan Chase Bank NA
Jul 11, 2017
—
Wrl LLC
—
Deed
related
$4,900,000 · Jpmorgan Chase Bank NA
Sep 27, 2000
—
Wrl LLC
Wrl Partnership Gp
Quit Claim Deed
related
—
Nov 10, 1994
$1,146,500
Wrl General Partnership
United Savings Bank
Grant Deed
$860,000 · Home Savings Of America
Jul 18, 1994
$1,066,757
United Savings Bank
Liou,james M & A
Trustees Deed
related
—
Mar 21, 1994
—
James M Liou
Liou,ann K
Quit Claim Deed
related
—
Jan 9, 1988
—
Liou,
—
Deed Of Trust
related
—
—
—
Wrl LLC
—
Deed Of Trust
related
$1,990,000 · Washington Mutual Fsb
—
—
Liou J.
—
Deed Of Trust
related
$1,000,000 · Wells Fargo Bank
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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