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Property profile & analytics
OFF-MARKET
Estimated value
$3,550,000
Apartment buildings
769 Elm St, San Carlos, CA 94070-8023
Individually Owned
20-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0137196
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2009
Total area
12,000 SF
Lot
0.18 ac (7,750 SF)
Zoning code
RM0000
APN
050-152-240
UPID
US09-0137196
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.55M
Owner & transaction history
Bahram Aflak · 20 yrs held
Bahram Aflak
since 2005
7 recorded transactions
Zoning & alternative use
RM0000 · San Carlos, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.5M
+1.5%
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 Carlos submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Carlos 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)
$5,465,000
Current use
COMMERCIAL (GENERAL)
$5,545,000
Change: +2% · Conversion: Moderate
AUTO REPAIR, GARAGE
$5,450,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$3.55M
Range $3.20M – $3.91M · ±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
$296 / 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
$60,402
Tax year 2024
Assessed value
$4,759,127
Assessed 2024
Previous assessed
$4,759,127
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$1,741,721
Assessed improvement
$3,017,406
Applied tax rate
11.0000
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
2009
Heating
CENTRAL
Cooling
CENTRAL
Stories
3
Units
5
Rooms
15
Bathrooms
5
Total area
12,000 SF
Lot
0.18 ac (7,750 SF)
Zoning code
RM0000
APN
050-152-240
UPID
US09-0137196
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
RM0000 · San Carlos, CA
Zoning RM0000 · permitted uses
RM0000 · San Carlos, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
San Carlos. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$5.5M
COMMERCIAL (GENERAL)
Est. value
$5.5M
AUTO REPAIR, GARAGE
Est. value
$5.5M
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
2009
Heating
CENTRAL
Cooling
Yes
Stories
3
Units
5
Rooms
15
Bathrooms
5
Lot
0.18 ac
Current owner
From public records · entity-resolved
Bahram Aflak
Individual
Mailing address
22 CLB DR, SAN CARLOS, CA 94070-1647
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2005
$1,350,000
Bahram Aflak
Christopher W Inglis
Grant Deed
$1,000,000 · Washington Mutual Bank Fa
Dec 18, 2003
—
Christopher W Inglis
J Inglis Tr
Quit Claim Deed
related
$617,500 · Cmg Mortgage INC
Aug 22, 2002
—
Inglis,tr
Inglis,christopher W
Quit Claim Deed
related
—
Mar 29, 2001
—
Christopher W Inglis
Johnson,carolyn
Grant Deed
$750,000 · Long Beach Mortgage Co
Dec 18, 1998
$580,000
Johnson,carolyn
Jimison,james E
Trustees Deed
$464,000 · America's Wholesale Lender
Dec 18, 1998
—
Johnson,carolyn
Inglis,chris
Trustees Deed
related
—
Sep 18, 1997
—
James E Jimison
Jimison,james E
Quit Claim Deed
related
$455,000 · Inmc Mortgage Holdings INC
Feb 5, 1997
—
Jim E Jimison
Jimison,jim E
Quit Claim Deed
related
—
Oct 26, 1994
$281,500
Jimison,jim E
Rosenquist Trust
Trustees Deed
$253,000 · Elliot Ames Corp
Oct 26, 1994
—
Scott Jimison
Jimison,donna
Quit Claim Deed
related
—
—
—
Christopher W Inglis
—
Deed Of Trust
related
$60,000 · J R Taylor Trustee
—
—
Carolyn Johnson
—
Deed Of Trust
related
$164,000 · Headlands Mortgage
—
—
Jim Jimison
—
Deed Of Trust
related
$25,000 · Individual
—
—
Carolyn Johnson
—
Deed Of Trust
related
$89,500 · Headlands Mortgage
—
—
Jim E Jimison
—
Deed Of Trust
related
$24,000 · American World Fin'l Group INC
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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