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Property profile & analytics
OFF-MARKET
Estimated value
$5,315,000
Apartment buildings
735 Fathom Dr San Mateo, CA 94404-1018
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0671601
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1976
Total area
23,370 SF
Lot
0.53 ac (23,274 SF)
Zoning code
R20000
APN
035-513-070
UPID
US09-0671601
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
Current use
Occupant on record · Public records
-
Mariners West Apartments Apartment Building Condominium Complex
-
R Katz & Associates Advertising Agency Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.32M
Owner & transaction history
Peak Investments LLC · 7 yrs held
Peak Investments LLC
since 2019
7 recorded transactions
Zoning & alternative use
R20000 · San Mateo, 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 San Mateo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Mateo 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$7,760,000
Current use
Blend value · Realmo final
$5.32M
Range $4.78M – $5.85M · ±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
$227 / 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
$150,190
Tax year 2024
Assessed value
$10,936,458
Assessed 2024
Previous assessed
$10,936,458
+0.0% YoY
Effective rate
1.37%
On assessed value
Assessed land
$7,108,698
Assessed improvement
$3,827,760
Applied tax rate
12.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
1976
Heating
NONE
Stories
3
Units
21
Rooms
72
Bathrooms
2
Total area
23,370 SF
Lot
0.53 ac (23,274 SF)
Zoning code
R20000
APN
035-513-070
UPID
US09-0671601
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
R20000 · San Mateo, CA
Zoning R20000 · permitted uses
R20000 · San Mateo, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
San Mateo. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$7.8M
APARTMENT HOUSE (5+ UNITS) Current
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
1976
Heating
NONE
Stories
3
Units
21
Rooms
72
Bathrooms
2
Lot
0.53 ac
Current owner
From public records · entity-resolved
Peak Investments LLC
Entity
Mailing address
11 ESCALON DR, MILL VALLEY, CA 94941-1339
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
20 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2020
—
Peak Investments LLC
—
Deed
related
$12,475,000 · Homestreet Bank
Jan 3, 2019
$5,316,500
Peak Investments LLC
Urov Family LLC
Grant Deed
$11,500,000 · Jpmorgan Chase Bank NA
Mar 25, 2014
$16,450,000
The Urov Family LLC
Mariners West Partners LLC
Grant Deed
$9,962,000 · Jpmorgan Chase Bank NA
Oct 30, 2012
$10,950,000
Marines West Partners LLC
Gray Peak Fork LLC Series C
Grant Deed
$5,890,000 · Boston Safe Deposit & Trust Co
Dec 13, 2006
—
Gray Peak Fork LLC Series C
Olympian
Quit Claim Deed
related
—
Dec 20, 2002
—
Olympian Joint Venture
Leo,j Tr
Grant Deed
$3,650,000 · Union Bank Of California
Feb 8, 2000
$222,500
Nixon,george & Marjorie J
San Mateo Mariners W Investor
Trustees Deed
—
Jan 11, 2000
$45,000
Love Trust
Ullery,gilbert S
Trustees Deed
—
Dec 21, 1999
$70,000
Love Trust
Ullery,gilbert S
Trustees Deed
—
Dec 21, 1999
—
Ullery,gilbert S
San Mateo Marinbers West Inves
Trustees Deed
related
—
Aug 15, 1997
$145,500
Albert O Landucci Trustee
Cobo,franka
Trustees Deed
—
Aug 15, 1997
—
Cobo Trust
San Mateo Mariners West
Trustees Deed
related
—
Sep 15, 1995
—
Harry J Love Trustee
San Mateo Mariners West Invest
Grant Deed
related
—
Apr 12, 1995
—
Roger A Flores Trustee
Flores,roger A & Carol E
Quit Claim Deed
related
—
Mar 31, 1995
$65,000
Harry J Love Trustee
San Mateo Mariners West
Grant Deed
related
—
Mar 7, 1995
—
Otis E Hart
Hart,sarah K
Quit Claim Deed
related
—
Mar 7, 1995
$105,500
Roger A Flores Trustee
Bierman,ronald F
Trustees Deed
related
—
Aug 15, 1994
$109,500
June S Meredith Trustee
San Mateo Marine
Trustees Deed
—
Aug 15, 1994
$73,000
Flores,roger & Carol
June S Meredith
Trustees Deed
related
—
Aug 15, 1994
$58,500
Flores,roger & Carol
Frederick O Bier
Trustees 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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