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Property profile & analytics
FOR SALE
Apartment buildings
1620 Fruitvale Ave, Oakland, CA 94601
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US09-8330437
For Sale
1 / 10
$2,875,000
1620 Fruitvale Ave, Oakland, CA 94601
View Listing →
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1930
Construction
WOOD
Total area
14,517 SF
Lot
0.29 ac (12,807 SF)
APN
33-2119-13
UPID
US09-8330437
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
$1.86M
Blend (final)
Blend
$1.87M
Owner & transaction history
1620 Fruitvale LLC · 6 yrs held
1620 Fruitvale LLC
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.9M
+15.8%
Warehouse, storage
$2.8M
+14.2%
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
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,470,000
Current use
RETAIL STORES
$2,860,000
Change: +16% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,820,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$1.87M
Range $1.68M – $2.05M · ±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
$128 / 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
$39,727
Tax year 2023
Assessed value
$1,294,617
Assessed 2024
Previous assessed
$1,268,139
+2.1% YoY
Effective rate
3.07%
On assessed value
Assessed land
$390,552
Assessed improvement
$904,065
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
For Sale
Year built
1930
Construction
WOOD
Heating
NONE
Buildings
1
Stories
3
Units
30
Rooms
90
Bathrooms
30
Total area
14,517 SF
Lot
0.29 ac (12,807 SF)
APN
33-2119-13
UPID
US09-8330437
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
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.5M
RETAIL STORES
Est. value
$2.9M
WAREHOUSE, STORAGE
Est. value
$2.8M
APARTMENT HOUSE (5+ UNITS) Current
RETAIL STORES
WAREHOUSE, STORAGE
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
1930
Construction
WOOD
Heating
NONE
Stories
3
Buildings
1
Units
30
Rooms
90
Bathrooms
30
Lot
0.29 ac
Current owner
From public records · entity-resolved
1620 Fruitvale LLC
Entity
Mailing address
4415 COWELL RD STE #220, CONCORD, CA 94518-1922
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 8, 2019
—
1620 Fruitvale LLC
Jaber Family Living Tru
Quit Claim Deed
$1,450,000 · Lone Oak Fund
Mar 8, 2000
$274,500
Jaber Trust
Delfin Properties #1
Grant Deed
related
—
Mar 6, 1991
$900,000
Delfin Propertie
Weiss,r.
Grant Deed
related
—
—
—
Jaber Family Living Trust|shihadeh,najeeb & Mary C
—
Deed Of Trust
related
$120,000 · Freda Katwan
—
—
Jaber Family Living Trust|shihadeh,najeeb & Mary C
—
Deed Of Trust
related
$175,000 · Daoud & Hala Salfiti
—
—
Jaber Family Trust
—
Deed Of Trust
related
$1,300,000 · Commercial Capital Bank Fsb
—
—
Properties 1 Delfin
—
Deed Of Trust
related
$87,500 · Individual
—
—
Properties 1 Delfin
—
Deed Of Trust
related
$695,000 · Home Savings Of America
—
—
Jaber Family Living Trust
—
Deed Of Trust
related
$1,360,000 · Washington Mutual Fsb
—
—
Jaber,tr
—
Deed Of Trust
related
$1,075,000 · Institutional Partners Mtg Co
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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