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Property profile & analytics
OFF-MARKET
Estimated value
$1,485,000
Apartment buildings
70 Buckingham Ave Redwood City, CA 94063-3296
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0872451
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1960
Total area
3,502 SF
Lot
0.12 ac (5,250 SF)
Zoning code
R300S5
APN
054-275-280
UPID
US09-0872451
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
$1.47M
Comparable Approach
Comparable
$1.18M
Blend (final)
Blend
$1.49M
Owner & transaction history
Ren Young · 1 yrs held
Ren Young
since 2025
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
R300S5 · Redwood City, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.4M
+117.1%
Neighborhood: shopping center
$1.9M
+71.9%
Commercial (general)
$1.6M
+47.2%
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 Redwood City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Redwood City 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%
$1,590,000
6.5%
$1,465,000
7%
$1,360,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,100,000
Current use
OFFICE BUILDING
$2,385,000
Change: +117% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,890,000
Change: +72% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,620,000
Change: +47% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,590,000
Change: +45% · Conversion: Difficult
RETAIL STORES
$1,515,000
Change: +38% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,145,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$1.49M
Range $1.34M – $1.63M · ±10% · vs last sale $1.65M (Feb 14 2025)
Last sale anchor
$1.65M
Feb 14 2025
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
$424 / 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
$19,848
Tax year 2024
Assessed value
$1,063,019
Assessed 2024
Previous assessed
$1,063,019
+0.0% YoY
Effective rate
1.87%
On assessed value
Assessed land
$683,370
Assessed improvement
$379,649
Applied tax rate
73.0000
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
Heating
NONE
Stories
2
Units
5
Rooms
17
Bathrooms
5
Total area
3,502 SF
Lot
0.12 ac (5,250 SF)
Zoning code
R300S5
APN
054-275-280
UPID
US09-0872451
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
R300S5 · Redwood City, CA
Zoning R300S5 · permitted uses
R300S5 · Redwood City, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Redwood City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.1M
OFFICE BUILDING
Est. value
$2.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.6M
RETAIL STORES
Est. value
$1.5M
WAREHOUSE, STORAGE
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
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
Heating
NONE
Stories
2
Units
5
Rooms
17
Bathrooms
5
Lot
0.12 ac
Current owner
From public records · entity-resolved
Ren Young
Individual
Mailing address
7 EL BONITO WAY, MILLBRAE, CA 94030-2224
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 14, 2025
$1,650,000
Ren Young
Hui Steve Chao Hsueh
Grant Deed
—
Apr 7, 2011
—
Chao Steve & B Family Trust
Chao,hsueh-hui & Chuan-ping
Quit Claim Deed
related
—
Jan 29, 2010
$840,000
Hui Chao Hsueh
Richard Tod Spieker
Grant Deed
$100,000 · Us Bank NA
Feb 24, 2009
$800,000
Richard T Spieker
Kelson Virginia F Trust
Grant Deed
—
Aug 13, 1999
—
Kelson Trust
Kelson,virginia F
Quit Claim Deed
related
—
Nov 14, 1990
$490,000
Virginia Kelson
A&r Properties I
Grant Deed
$190,000 · Sacramento Savings Bank
Feb 1, 1989
$425,000
Gregory Deane
A&r Properties I
Grant Deed
$288,000 · Great Western Bank
Jul 7, 1988
—
Kathleen Partee
Partee,kathleen
Quit Claim Deed
related
—
Jun 14, 1988
$216,000
Craig Knapp
All S
Grant Deed
$270,000 · Pan American Savings & Loan
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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