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Property profile & analytics
OFF-MARKET
Estimated value
$3,750,000
Apartment buildings
43620 Ellsworth St Fremont, CA 94539-5843
Entity Owned
Free & Clear
Property ID
US09-6915956
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1971
Construction
WOOD
Total area
8,910 SF
Lot
0.36 ac (15,500 SF)
APN
513-610-44-1
UPID
US09-6915956
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.75M
CAP Approach
CAP
$2.45M
Comparable Approach
Comparable
$3.11M
Blend (final)
Blend
$3.75M
Owner & transaction history
Ashby Manor LLC
Ashby Manor LLC
since 2025
Last sale
$3.8M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.5M
+42.1%
Commercial (general)
$4.4M
+40.5%
Office building
$4.1M
+28.8%
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
Method
Estimation
Statistic approach
$3,750,000
ML approach
$3,750,000
CAP Approach
CAP Return
Estimation
6%
$2,650,000
6.5%
$2,450,000
7%
$2,275,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,155,000
Current use
RESTAURANT
$4,485,000
Change: +42% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,435,000
Change: +41% · Conversion: Moderate
OFFICE BUILDING
$4,065,000
Change: +29% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$3,785,000
Change: +20% · Conversion: Difficult
MEDICAL BUILDING
$3,520,000
Change: +12% · Conversion: Moderate
RETAIL STORES
$3,100,000
Change: -2% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,870,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$3.75M
Range $3.38M – $4.13M · ±10% · vs last sale $3.75M (Apr 5 2024)
Last sale anchor
$3.75M
Apr 5 2024
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
$421 / 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
$16,431
Tax year 2023
Assessed value
$1,381,158
Assessed 2024
Previous assessed
$934,345
+47.8% YoY
Effective rate
1.19%
On assessed value
Assessed land
$434,775
Assessed improvement
$946,383
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
1971
Construction
WOOD
Heating
NONE
Buildings
1
Stories
2
Units
10
Bathrooms
11
Total area
8,910 SF
Lot
0.36 ac (15,500 SF)
APN
513-610-44-1
UPID
US09-6915956
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
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$3.2M
RESTAURANT
Est. value
$4.5M
COMMERCIAL (GENERAL)
Est. value
$4.4M
OFFICE BUILDING
Est. value
$4.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.8M
MEDICAL BUILDING
Est. value
$3.5M
RETAIL STORES
Est. value
$3.1M
AUTO REPAIR, GARAGE
Est. value
$2.9M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
COMMERCIAL (GENERAL)
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
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
1971
Construction
WOOD
Heating
NONE
Stories
2
Buildings
1
Units
10
Bathrooms
11
Lot
0.36 ac
Current owner
From public records · entity-resolved
Ashby Manor LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1109 MARIA ROSA WAY, CUPERTINO, CA 95014
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
23 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2025
—
Ashby Manor LLC
Mingju Lee
Deed
related
—
Jun 16, 2025
—
Ashby Manor LLC
Mingju Lee
Grant Deed
—
Apr 5, 2024
$3,750,000
Ming Ju Lee
Min Chang Yates
Grant Deed
$1,250,000 · Provident Savings Bank Fsb
Oct 17, 2012
—
Steven C Yates
Yates,rosa M R
Quit Claim Deed
related
—
Oct 4, 2012
—
Jennifer G Zilliac
Zilliac,gregory G
Quit Claim Deed
related
—
Sep 17, 2012
—
Jennifer G Zilliac
Zilliac,gregory G
Quit Claim Deed
related
—
Oct 12, 2009
—
Jennifer G Zilliac
Zilliac,gregory G
Quit Claim Deed
related
—
Sep 18, 2009
—
Jennifer G Zilliac
Yates Edward C Trust
Grant Deed
related
—
Feb 25, 2009
—
Jennifer G Zilliac
Yates Edward C Trust
Grant Deed
related
—
Feb 4, 2009
—
Jennifer G Zilliac
Yates Edward C Trust
Grant Deed
related
—
Jan 12, 2009
—
Jennifer G Zilliac
Yates Edward C Trust
Grant Deed
related
—
Sep 20, 2004
—
Yates,edward C Trust
Yates Edward C Trust
Quit Claim Deed
related
—
Aug 16, 2004
—
Jennifer G Zilliac
Yates Edward C Trust
Grant Deed
related
—
Dec 20, 2002
—
J Zilliac
Yates,tr
Grant Deed
related
—
Aug 23, 2001
—
Craig E Yates
Yates,eden G
Quit Claim Deed
related
—
Jun 19, 2001
—
Jeniffer G Zilliac
Yates Trust
Grant Deed
related
—
May 30, 2000
—
Jennifer G Zilliac
Yates Trust
Grant Deed
related
—
Oct 27, 1999
—
Craig E Yates
Yates,eden G
Quit Claim Deed
related
—
May 20, 1998
—
Jennifer G Zilliac
Yates,edward C
Grant Deed
related
—
Apr 2, 1997
—
Yates Trust
Yates,edward C
Quit Claim Deed
related
—
Mar 4, 1997
—
Craig E Yates
Yates,eden G
Quit Claim Deed
related
—
Mar 19, 1996
—
Edward C Yates
Yates,beverly A
Quit Claim Deed
related
$450,000 · World Savings Bank
Jun 6, 1983
$475,000
Jennifer Zilliac
Yates Edward C Trust
Grant Deed
$350,000
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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