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Property profile & analytics
OFF-MARKET
Estimated value
$10,185,000
Apartment buildings
10963 San Pablo Ave El Cerrito, CA 94530-2475
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-0202450
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2019
Total area
60,467 SF
Lot
0.35 ac (15,167 SF)
APN
509-110-015-5
UPID
US09-0202450
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
$13.48M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.19M
Owner & transaction history
Cerrito Vista LLC
Cerrito Vista LLC
since 2026
7 recorded transactions
Zoning & alternative use
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 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%
$14,600,000
6.5%
$13,475,000
7%
$12,515,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$16,350,000
Current use
AUTO REPAIR, GARAGE
$15,610,000
Change: -5% · Conversion: Difficult
OFFICE BUILDING
$14,955,000
Change: -9% · Conversion: Moderate
Blend value · Realmo final
$10.19M
Range $9.17M – $11.20M · ±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
$168 / 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
$581,969
Tax year 2024
Assessed value
$19,900,000
Assessed 2024
Previous assessed
$19,900,000
+0.0% YoY
Effective rate
2.92%
On assessed value
Assessed land
$6,000,000
Assessed improvement
$13,900,000
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
2019
Heating
NONE
Stories
1
Units
57
Rooms
50
Total area
60,467 SF
Lot
0.35 ac (15,167 SF)
APN
509-110-015-5
UPID
US09-0202450
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
$16.4M
AUTO REPAIR, GARAGE
Est. value
$15.6M
OFFICE BUILDING
Est. value
$15.0M
APARTMENT HOUSE (5+ UNITS) Current
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
2019
Heating
NONE
Stories
1
Units
57
Rooms
50
Lot
0.35 ac
Current owner
From public records · entity-resolved
Cerrito Vista LLC
Entity
Mailing address
2417 MARINER SQ LOOP #247, ALAMEDA, CA 94501-1027
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
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
Mar 31, 2026
$19,800,000
Cerrito Vista LLC
San Pablo Playland Apartments LLC
Grant Deed
$13,500,000 · Merchants Bank Of Indiana
May 6, 2021
—
San Pablo Playland Apartments LLC
—
Deed
related
$16,150,000 · Bbcn Bank
Apr 1, 2019
—
San Pablo Playland Apartments LLC
Wang Brothers Investments LLC
Grant Deed
$16,508,000 · Sterling Bank & Trust Fsb
Jan 4, 2017
$100,000
Wang Brothers Investments LLC
Cheeryble Properties LLC
Grant Deed
$1,125,000 · First Community Bank
Jan 4, 2017
$1,786,000
Wang Brothers Investments LLC
Cheeryble Properties LLC
Grant Deed
$1,125,000 · First Cmnty Bk
Feb 27, 1998
$369,090
Lander International
Pozzan Trust
Grant Deed
$575,000 · Seller
Dec 30, 1997
—
Pozzan Trust
Pozzan Trust
Quit Claim Deed
related
—
Dec 30, 1997
$160,500
Pozzan Trust
Akey Trust
Trustees Deed
—
Feb 6, 1997
—
Akey Trust
Akey,emily M
Quit Claim Deed
related
—
—
—
Cherryble Properties LLC
—
Deed Of Trust
related
$157,500 · Gerald V Posey
—
—
Cheeryble Properties LLC
—
Deed Of Trust
related
$186,000 · Gerald V Posey
—
—
Cheeryble Properties LLC
—
Deed Of Trust
related
$1,100,000 · Private Individual
—
—
Cherryble Properties LLC
—
Deed Of Trust
related
$573,750 · John Kockos
—
—
Cheeryble Properties LLC
—
Deed Of Trust
related
$160,849 · Gerald V Posey
—
—
Cheeryble Properties LLC
—
Deed Of Trust
related
$200,000 · Gerald V Posey
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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