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Property profile & analytics
OFF-MARKET
Estimated value
$5,955,000
Apartment buildings
6410 Schmidt Ln El Cerrito, CA 94530-1780
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3204897
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2004
Total area
34,703 SF
Lot
1.03 ac (45,066 SF)
APN
503-121-023-9
UPID
US09-3204897
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
$7.74M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.96M
Owner & transaction history
Kmf X El Cerrito LLC · 10 yrs held
Kmf X El Cerrito LLC
since 2016
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$9.8M
+4.6%
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 El Cerrito submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs El Cerrito 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%
$8,380,000
6.5%
$7,735,000
7%
$7,180,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$9,385,000
Current use
COMMERCIAL (GENERAL)
$9,815,000
Change: +5% · Conversion: Moderate
AUTO REPAIR, GARAGE
$8,960,000
Change: -5% · Conversion: Difficult
OFFICE BUILDING
$8,585,000
Change: -9% · Conversion: Moderate
Blend value · Realmo final
$5.96M
Range $5.36M – $6.55M · ±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
$172 / 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
$211,608
Tax year 2024
Assessed value
$14,710,422
Assessed 2024
Previous assessed
$14,710,422
+0.0% YoY
Effective rate
1.44%
On assessed value
Assessed land
$4,642,341
Assessed improvement
$10,068,081
Applied tax rate
3.0000
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
2004
Heating
NONE
Stories
1
Units
39
Rooms
39
Total area
34,703 SF
Lot
1.03 ac (45,066 SF)
APN
503-121-023-9
UPID
US09-3204897
Jurisdiction
CONTRA COSTA
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
$9.4M
COMMERCIAL (GENERAL)
Est. value
$9.8M
AUTO REPAIR, GARAGE
Est. value
$9.0M
OFFICE BUILDING
Est. value
$8.6M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
2004
Heating
NONE
Stories
1
Units
39
Rooms
39
Lot
1.03 ac
Current owner
From public records · entity-resolved
Kmf X El Cerrito LLC
Entity
Mailing address
205 COUNTY RD H H, ELKHORN, WI 53121-2308
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 28, 2019
—
Kmf X El Cerrito LLC
—
Loan Modification
related
$34,250,000 · Pnc Bk
Jan 14, 2016
$55,000,000
Kmf X El Cerrito LLC
Kw El Cerrito LLC
Grant Deed
$30,250,000 · Pnc Bk
Dec 18, 2013
$46,500,000
Kw El Cerrito Village At Town Cente
Village At Town Center LLC
Grant Deed
$28,462,000 · Cbre Multifamily Capital INC
Sep 15, 2011
—
Village At Town Center LLC
Ecd Associates LLC
Grant Deed
$21,465,634 · Prudential Insurance Co
Jan 11, 2006
—
Ecd Associates LLC
Wells Ottis R Trust
Grant Deed
—
Jan 20, 2005
$1,404,000
Wells Ottis R Trust
Ecd Associates LLC
Grant Deed
—
Aug 9, 2004
—
Ecd Associates LLC
Matteson R/e Equities INC
Grant Deed
related
—
Mar 18, 2004
—
Edcd Associates LLC
Ecd Associates I
Grant Deed
related
—
Jul 31, 2001
—
Ecd Assoc
El Cerrito Mill & Lumber Co
Grant Deed
related
—
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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