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Property profile & analytics
OFF-MARKET
Estimated value
$8,470,000
Apartment buildings
445 Okeefe St, East Palo Alto, CA 94303-2183
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1504484
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1961
Total area
26,424 SF
Lot
1.17 ac (50,884 SF)
Zoning code
R300S2
APN
063-464-050
UPID
US09-1504484
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
by Request
CAP Approach
CAP
$11.07M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.47M
Owner & transaction history
Woodland Park Property Owner L · 10 yrs held
Woodland Park Property Owner L
since 2016
7 recorded transactions
Zoning & alternative use
R300S2 · East Palo Alto, 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 East Palo Alto submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East Palo Alto 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$11,985,000
6.5%
$11,065,000
7%
$10,275,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$13,760,000
Current use
COMMERCIAL (GENERAL)
$12,210,000
Change: -11% · Conversion: Moderate
AUTO REPAIR, GARAGE
$12,005,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$8.47M
Range $7.62M – $9.32M · ±10%
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
$321 / 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
$176,238
Tax year 2024
Assessed value
$12,464,689
Assessed 2024
Previous assessed
$12,464,689
+0.0% YoY
Effective rate
1.41%
On assessed value
Assessed land
$10,868,885
Assessed improvement
$1,595,804
Applied tax rate
21.0000
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
1961
Heating
NONE
Stories
2
Units
55
Rooms
12
Bathrooms
6
Total area
26,424 SF
Lot
1.17 ac (50,884 SF)
Zoning code
R300S2
APN
063-464-050
UPID
US09-1504484
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
R300S2 · East Palo Alto, CA
Zoning R300S2 · permitted uses
R300S2 · East Palo Alto, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
East Palo Alto. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$13.8M
COMMERCIAL (GENERAL)
Est. value
$12.2M
AUTO REPAIR, GARAGE
Est. value
$12.0M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
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
1961
Heating
NONE
Stories
2
Units
55
Rooms
12
Bathrooms
6
Lot
1.17 ac
Current owner
From public records · entity-resolved
Woodland Park Property Owner L
Entity
Mailing address
2600 EL CAMINO REAL STE #410, PALO ALTO, CA 94306-1719
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
21 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2023
—
Woodland Park Property Owner LLC
—
Deed
related
$165,000,000 · Ocbc Bank
Dec 5, 2016
—
Woodland Park Property Owner L
—
Deed
related
$220,843,000 · Greystone Svcg
Feb 23, 2016
$9,255,500
Woodland Park Property Owner L
Eqr-woodland Park A LP
Grant Deed
—
Mar 4, 2010
$2,962,423
Redus Woodland LLC
First American Title Ins
Trustees Deed
related
—
Dec 12, 2006
$5,752,000
445 Okeefe LLC
Kingston Associates
Grant Deed
—
May 13, 2004
—
Kingston Associates LP
Rosetti,william J & Madeleen R
Grant Deed
$3,318,700 · West American Capital LP
Feb 3, 1999
—
William J Rosetti
Rosetti,madeleen
Quit Claim Deed
related
$1,750,000 · Imperial Thrift & Loan
Jul 30, 1997
—
Draco Roberts
Roberts,draco & Mary E
Quit Claim Deed
related
$375,000 · Bartkowski Trust
Mar 29, 1994
—
Draco Roberts
American Savings
Grant Deed
$660,000 · NA Mortgage Services INC
Oct 18, 1993
—
American Savings Bank
NA Mortgage Serv
Trustees Deed
related
—
Oct 16, 1992
—
Jose Prado
First American T
Quit Claim Deed
related
—
May 5, 1992
$70,000
Richard Reyes
Prado,jose & Ana
Grant Deed
—
Jun 17, 1988
$320,000
Pedro Pinto
445 O
Grant Deed
related
—
—
—
Pedro Pinto
—
Deed Of Trust
related
$80,000 · Miramontes Farms
—
—
Okeefe Trust
—
Deed Of Trust
related
$331,000 · West Trust
—
—
William J Rosetti
—
Deed Of Trust
related
$1,950,000 · Luther Burbank Savings & Loan
—
—
495 East Okeefe Trust
—
Deed Of Trust
related
$92,500 · Marcus & Millichap Real Estate
—
—
Pedro Pinto
—
Deed Of Trust
related
$1,880,000 · American Savings Bank
—
—
Woodland Park Property Owner L
—
Deed Of Trust
related
$220,843,000 · Greystone Svcg
—
—
William J Rosetti
—
Deed Of Trust
related
$1,100,000 · Fremont Bank
—
—
Pedro Pinto
—
Deed Of Trust
related
$225,000 · 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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