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Property profile & analytics
FOR SALE
Apartment buildings
483 Joaquin Ave San Leandro, CA 94577
Individually Owned
3-yr Hold
Free & Clear
Property ID
US09-7795655
For Sale
1 / 21
$1,595,000
483 Joaquin Ave, San Leandro, CA 94577
View Listing →
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1964
Construction
WOOD
Total area
3,897 SF
Lot
0.17 ac (7,200 SF)
APN
77-538-1
UPID
US09-7795655
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
$1.06M
CAP Approach
CAP
$870k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$955k
Owner & transaction history
Clifford T Johnson · 3 yrs held
Clifford T Johnson
since 2023
Last sale
$925,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.5M
+35.3%
Office building
$1.3M
+13.6%
Auto repair, garage
$1.3M
+13.1%
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 Leandro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Leandro 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
$1,000,000
ML approach
$1,055,000
CAP Approach
CAP Return
Estimation
6%
$940,000
6.5%
$870,000
7%
$805,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,140,000
Current use
MEDICAL BUILDING
$1,540,000
Change: +35% · Conversion: Moderate
OFFICE BUILDING
$1,295,000
Change: +14% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,290,000
Change: +13% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,130,000
Change: -1% · Conversion: Moderate
RETAIL STORES
$1,050,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$955k
Range $860k – $1.05M · ±10% · vs last sale $925k (Mar 3 2023)
Last sale anchor
$925k
Mar 3 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
$245 / 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
$15,935
Tax year 2023
Assessed value
$1,086,346
Assessed 2024
Previous assessed
$1,065,048
+2.0% YoY
Effective rate
1.47%
On assessed value
Assessed land
$261,571
Assessed improvement
$824,775
Applied tax rate
10.0000
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
For Sale
Year built
1964
Construction
WOOD
Heating
NONE
Buildings
1
Stories
2
Units
5
Rooms
18
Bathrooms
6
Total area
3,897 SF
Lot
0.17 ac (7,200 SF)
APN
77-538-1
UPID
US09-7795655
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
$1.1M
MEDICAL BUILDING
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.1M
RETAIL STORES
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (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
1964
Construction
WOOD
Heating
NONE
Stories
2
Buildings
1
Units
5
Rooms
18
Bathrooms
6
Lot
0.17 ac
Current owner
From public records · entity-resolved
Clifford T Johnson
Individual
Free & Clear · 3 yrs held
Mailing address
8698 FENWICK WAY, DUBLIN, CA 94568-3601
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 3, 2023
—
Clifford T Johnson
Clifford T Johnson
Intrafamily Transfer
related
—
May 12, 2016
—
Clifford T Johnson
Johnson,clifford T & Cathy L
Quit Claim Deed
related
$775,000 · Provident Cu
May 15, 2015
$925,000
Clifford T Johnson
Mun F Lee Investment Corp
Grant Deed
$647,500 · Mun F Lee Investment Corp
Nov 10, 2011
$680,000
Mun F Lee Investment Corp
Chau Management LLC
Grant Deed
—
Apr 14, 2006
—
Chau Management LLC
Chau,albert K & Lisa M
Quit Claim Deed
—
Jan 15, 2004
$855,000
Albert K Chau
Dubria,dulbag & Devi
Grant Deed
—
Jan 17, 2001
$550,000
Dulbag Dubria
Lin,kowen & Piyuan
Grant Deed
$382,000 · Fremont Bank
Jun 7, 1990
$385,000
Kowen Lin
Brown,c. Trustee
Grant Deed
$285,000 · Individual
Apr 30, 1982
$265,000
—
—
Grant Deed
related
—
—
—
Mun F Lee Investment Corp
—
Deed Of Trust
related
$400,494 · Paul T & Faye K Lee
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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