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Property profile & analytics
OFF-MARKET
Estimated value
$9,410,000
Apartment buildings
1553 Alice St Oakland, CA 94612-4174
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US09-6546569
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1966
Construction
WOOD
Total area
69,300 SF
Lot
0.67 ac (29,000 SF)
APN
8-626-8
UPID
US09-6546569
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
-
Alice-Lake Apartment Building
-
Giant Steps Consulting & Event Planning Event Planning Wedding Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.93M
Blend (final)
Blend
$9.41M
Owner & transaction history
West Park Apartments LLC · 19 yrs held
West Park Apartments LLC
since 2007
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 Oakland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oakland 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
Blend value · Realmo final
$9.41M
Range $8.47M – $10.35M · ±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
$136 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$258,088
Tax year 2023
Assessed value
$13,883,618
Assessed 2024
Previous assessed
$13,603,258
+2.1% YoY
Effective rate
1.86%
On assessed value
Assessed land
$4,159,206
Assessed improvement
$9,724,412
Applied tax rate
17.0000
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
1966
Construction
WOOD
Heating
NONE
Buildings
1
Stories
4
Units
84
Rooms
246
Bathrooms
89
Total area
69,300 SF
Lot
0.67 ac (29,000 SF)
APN
8-626-8
UPID
US09-6546569
Jurisdiction
ALAMEDA
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
Building & site characteristics
From public records
Year built
1966
Construction
WOOD
Heating
NONE
Stories
4
Buildings
1
Units
84
Rooms
246
Bathrooms
89
Lot
0.67 ac
Current owner
From public records · entity-resolved
West Park Apartments LLC
Entity
Mailing address
364 41ST ST, OAKLAND, CA 94609-2652
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2022
—
West Park Apartments LLC
—
Deed
related
$7,410,000 · Jpmorgan Chase Bank NA
Jun 13, 2018
—
West Park Apartments LLC
—
Deed
related
$250,000 · Jpmorgan Chase Bk NA
Jul 6, 2007
—
West Park Apartments LLC
Roberta S Mccoy
Grant Deed
$6,750,000 · Washington Mutual Bank
Nov 9, 1994
—
Hardy Trust
Hardy,marcella S
Quit Claim Deed
related
—
Nov 14, 1989
$352,000
Marcella Hardy
Lawyers Asset Ma
Grant Deed
related
—
—
—
Mccoy,t./mccoy,r. Trustee
—
Deed Of Trust
related
$3,437,000 · Southern California Bank
—
—
West Park Apartments LLC
—
Deed Of Trust
related
$216,145 · Beni B Agoustari
—
—
West Park Apartments LLC
—
Deed Of Trust
related
$250,000 · Jpmorgan Chase Bk NA
—
—
West Park Apartments LLC
—
Deed Of Trust
related
$459,349 · Normand A & Michelle Groleau
—
—
Mccoy Trust
—
Deed Of Trust
related
$4,000,000 · Pw Funding INC
—
—
West Park Apartments LLC
—
Deed Of Trust
related
$7,100,000 · J P Morgan Chase Bank
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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