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Property profile & analytics
OFF-MARKET
Estimated value
$6,145,000
Apartment buildings
802 Chesley Ave Richmond, CA 94801-2109
Entity Owned
22-yr Hold
~
Est. High Equity
Property ID
US09-1845694
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2004
Total area
41,304 SF
Lot
1.49 ac (64,817 SF)
Zoning code
SFR3
APN
561-251-003-1
UPID
US09-1845694
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
-
Chesley Mutual Housing Housing Authority
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.15M
Owner & transaction history
Chesley LLC · 22 yrs held
Chesley LLC
since 2003
7 recorded transactions
Zoning & alternative use
SFR3 · Richmond, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$10.2M
+7.3%
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 Richmond submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Richmond 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)
$9,525,000
Current use
OFFICE BUILDING
$10,215,000
Change: +7% · Conversion: Moderate
Blend value · Realmo final
$6.15M
Range $5.53M – $6.76M · ±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
$149 / 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
$24,029
Tax year 2024
Assessed value
$8,750,816
Assessed 2024
Previous assessed
$8,750,816
+0.0% YoY
Effective rate
0.27%
On assessed value
Assessed land
$862,737
Assessed improvement
$7,888,079
Applied tax rate
8.0000
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
30
Rooms
30
Total area
41,304 SF
Lot
1.49 ac (64,817 SF)
Zoning code
SFR3
APN
561-251-003-1
UPID
US09-1845694
Jurisdiction
CONTRA COSTA
Metro division
OAKLAND-FREMONT-HAYWARD, CA METROPOLITAN DIVISION
Zoning & alternative use
SFR3 · Richmond, CA
Zoning SFR3 · permitted uses
SFR3 · Richmond, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Richmond. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$9.5M
OFFICE BUILDING
Est. value
$10.2M
APARTMENT HOUSE (5+ UNITS) Current
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
30
Rooms
30
Lot
1.49 ac
Current owner
From public records · entity-resolved
Chesley LLC
Entity
Mailing address
1535 FRED JACKSON WAY STE A, RICHMOND, CA 94801-1525
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2024
—
Chesley Avenue Limited Partnership
—
Deed
related
$1,994,807 · County Of Constra Costa
Dec 18, 2020
—
Chesley Avenue Limited Partnership
—
Deed
related
$2,000,000 · Community Housing Capital INC
Dec 18, 2019
—
Chesley Avenue LP
—
Deed
related
$350,000 · Miscellaneous Govt Agcy
Sep 24, 2004
—
Chesley Avenue
—
Trustees Deed
related
$205,500 · Mississippi Valley Life Ins Co
Dec 17, 2003
$260,000
Chesley LLC
Community Housing Development
Grant Deed
$1,360,000 · Us Bank NA
Oct 17, 2001
$259,500
Community Housing Development
Howe,mark R & Susan P
Grant Deed
—
Feb 10, 1998
$722,000
Mark R Howe
North America Packaging Corp
Grant Deed
$375,000 · Heller Financial
—
—
Chesley Avenue LP
—
Deed Of Trust
related
$350,000 · Miscellaneous Govt Agcy
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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