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Property profile & analytics
OFF-MARKET
Estimated value
$1,935,000
Apartment buildings
438 Gabilan St Los Altos, CA 94022-4051
Individually Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2723575
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1960
Construction
WOOD
Total area
6,485 SF
Lot
0.28 ac (12,100 SF)
Zoning code
R318
APN
170-39-044
UPID
US09-2723575
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
$1.93M
CAP Approach
CAP
$1.90M
Comparable Approach
Comparable
$2.28M
Blend (final)
Blend
$1.94M
Owner & transaction history
Albert L Hu · 5 yrs held
Albert L Hu
since 2021
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
R318 · Los Altos, 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 Los Altos submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Los Altos 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
$1,795,000
ML approach
$1,930,000
CAP Approach
CAP Return
Estimation
6%
$2,055,000
6.5%
$1,895,000
7%
$1,760,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,710,000
Current use
WAREHOUSE, STORAGE
$2,305,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$1.94M
Range $1.74M – $2.13M · ±10% · vs last sale $1.96M (Jan 25 2021)
Last sale anchor
$1.96M
Jan 25 2021
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
$298 / 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
$32,634
Tax year 2024
Assessed value
$2,461,862
Assessed 2024
Previous assessed
$2,461,862
+0.0% YoY
Effective rate
1.33%
On assessed value
Assessed land
$1,519,824
Assessed improvement
$942,038
Applied tax rate
11.0000
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
1960
Construction
WOOD
Heating
CENTRAL
Cooling
NONE
Stories
2
Units
6
Total area
6,485 SF
Lot
0.28 ac (12,100 SF)
Zoning code
R318
APN
170-39-044
UPID
US09-2723575
Jurisdiction
SANTA CLARA
Zoning & alternative use
R318 · Los Altos, CA
Zoning R318 · permitted uses
R318 · Los Altos, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Los Altos. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.7M
WAREHOUSE, STORAGE
Est. value
$2.3M
APARTMENT HOUSE (5+ UNITS) Current
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
1960
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
6
Lot
0.28 ac
Current owner
From public records · entity-resolved
Albert L Hu
Individual
Mailing address
26835 ORTEGA DR, LOS ALTOS HILLS, CA 94022-1907
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 25, 2021
—
Albert L Hu
Hu Albert L & Angela T Trust
Quit Claim Deed
related
—
Jun 3, 2013
—
Albert Liang Chou Hu
Albert Liang Chou Hu
Intrafamily Transfer
related
$1,389,000 · Jpmorgan Chase Bank NA
Jun 9, 2011
$1,960,000
Hu Albert L & Angela T Trust
Mcnicol Laura E Trust
Grant Deed
—
Aug 17, 2004
—
Mcnicol,laura E Tr
Mcnicol,laura E
Quit Claim Deed
related
—
Aug 31, 1988
$679,000
Paul&lau Mcnicol
The Hoefler 1980
Grant Deed
$525,000 · Individual
—
—
Mcnicol,laura E Trustee
—
Deed Of Trust
related
$475,000 · Summit Savings Bank
—
—
Laura Mcnicol
—
Deed Of Trust
related
$480,000 · Summit State 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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