Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$7,345,000
Apartment buildings
184 Callan Ave San Leandro, CA 94577-4540
Entity Owned
1-yr Hold
Free & Clear
Property ID
US09-7309130
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1963
Construction
WOOD
Total area
34,296 SF
Lot
0.51 ac (22,100 SF)
APN
77-449-2-7
UPID
US09-7309130
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
$7.56M
CAP Approach
CAP
$7.65M
Comparable Approach
Comparable
$9.68M
Blend (final)
Blend
$7.35M
Owner & transaction history
Mer Holdings LLC · 1 yrs held
Mer Holdings LLC
since 2024
Last sale
$7.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$11.4M
+13.6%
Auto repair, garage
$11.3M
+13.1%
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 Leandro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Leandro 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
$7,555,000
ML approach
$7,555,000
CAP Approach
CAP Return
Estimation
6%
$8,280,000
6.5%
$7,645,000
7%
$7,095,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$10,020,000
Current use
OFFICE BUILDING
$11,385,000
Change: +14% · Conversion: Moderate
AUTO REPAIR, GARAGE
$11,330,000
Change: +13% · Conversion: Difficult
COMMERCIAL (GENERAL)
$9,950,000
Change: -1% · Conversion: Moderate
RETAIL STORES
$9,235,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$7.35M
Range $6.61M – $8.08M · ±10% · vs last sale $6.99M (Jul 26 2023)
Last sale anchor
$6.99M
Jul 26 2023
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
$214 / 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
$73,925
Tax year 2023
Assessed value
$6,879,591
Assessed 2024
Previous assessed
$4,287,058
+60.5% YoY
Effective rate
1.07%
On assessed value
Assessed land
$2,027,506
Assessed improvement
$4,852,085
Applied tax rate
10.0000
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
1963
Construction
WOOD
Heating
NONE
Buildings
1
Stories
4
Units
42
Bathrooms
51
Total area
34,296 SF
Lot
0.51 ac (22,100 SF)
APN
77-449-2-7
UPID
US09-7309130
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
$10.0M
OFFICE BUILDING
Est. value
$11.4M
AUTO REPAIR, GARAGE
Est. value
$11.3M
COMMERCIAL (GENERAL)
Est. value
$10.0M
RETAIL STORES
Est. value
$9.2M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
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
1963
Construction
WOOD
Heating
NONE
Stories
4
Buildings
1
Units
42
Bathrooms
51
Lot
0.51 ac
Current owner
From public records · entity-resolved
Mer Holdings LLC
Entity
Free & Clear · 1 yrs held
Mailing address
201 19TH ST STE #200, OAKLAND, CA 94612-4258
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
19 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2024
—
Mer Holdings LLC
Pierron Properties LLC
Deed
related
—
Jul 26, 2023
$6,988,000
Baa Ig San Leandro Partners LLC
Milton B Patipa
Grant Deed
—
Jul 26, 2023
—
Mer Holdings LLC
Pierron Properties LLC
Grant Deed
$6,234,000 · First Republic Bank
Jul 24, 2023
—
Pierron Properties LLC
Marsha Wilhelm
Grant Deed
—
Jul 20, 2023
—
Marsha Wilhelm
Luther Eugene Wilhelm
Intrafamily Transfer
related
—
Jun 29, 2022
—
James S Shupp
James S Shupp
Intrafamily Transfer
related
—
Dec 10, 2020
—
Owner Name Unavailable
Valerie E Inouye
Affidavit Of Death
related
—
Jan 28, 2020
—
Neishi-inouye Trust
John M Neishi
Quit Claim Deed
related
—
Jan 23, 2020
—
Neishi Family Trust
Ken Neishi
Quit Claim Deed
related
—
Feb 4, 2016
$116,182
Pierron Properties LLC
Hangaris Vivian Trust
Grant Deed
—
Dec 22, 2015
—
John M Neishi
Neishi Motomu Trust
Quit Claim Deed
related
—
Jul 7, 2011
—
Hangaris Vivian Trust
Hangaris,vivian
Quit Claim Deed
related
—
Nov 4, 2010
—
James S Shupp
Shupp,james D
Quit Claim Deed
related
—
Apr 6, 2010
$451,818
Pierron Properties LLC
Shupp-wilhelm,marsha L
Grant Deed
—
Jun 18, 2008
—
Neishi Motomu Trust
Neishi,motomu
Quit Claim Deed
related
—
Jul 17, 2006
—
Pierron Properties LLC
Miller,kathleen P
Grant Deed
—
May 30, 2003
—
Pierron,tr
Pierron,edna M
Quit Claim Deed
related
—
Aug 23, 2000
—
Hals Trust
Hals,ervin & Sharon
Quit Claim Deed
related
—
Nov 7, 1962
—
—
—
Grant Deed
related
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 184 Callan Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
