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Property profile & analytics
OFF-MARKET
Estimated value
$5,115,000
Apartment buildings
1918 Lakeshore Ave Oakland, CA 94606-1163
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US09-8368173
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1926
Construction
TILT-UP CONCRETE
Total area
32,618 SF
Lot
0.15 ac (6,600 SF)
APN
22-308-21
UPID
US09-8368173
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
-
Urbankick Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.12M
Owner & transaction history
Lakeshore Apartments LP · 12 yrs held
Lakeshore Apartments LP
since 2014
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$7.9M
+32.6%
Retail stores
$7.8M
+30.9%
Auto repair, garage
$6.1M
+3.5%
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)
$5,925,000
Current use
OFFICE BUILDING
$7,860,000
Change: +33% · Conversion: Moderate
RETAIL STORES
$7,755,000
Change: +31% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,130,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$5.12M
Range $4.60M – $5.63M · ±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
$157 / 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
$164,777
Tax year 2023
Assessed value
$10,181,405
Assessed 2024
Previous assessed
$9,968,282
+2.1% YoY
Effective rate
1.62%
On assessed value
Assessed land
$2,523,738
Assessed improvement
$7,657,667
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
1926
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
6
Units
38
Rooms
107
Bathrooms
38
Total area
32,618 SF
Lot
0.15 ac (6,600 SF)
APN
22-308-21
UPID
US09-8368173
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
$5.9M
OFFICE BUILDING
Est. value
$7.9M
RETAIL STORES
Est. value
$7.8M
AUTO REPAIR, GARAGE
Est. value
$6.1M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
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
1926
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
6
Buildings
1
Units
38
Rooms
107
Bathrooms
38
Lot
0.15 ac
Current owner
From public records · entity-resolved
Lakeshore Apartments LP
Entity
Mailing address
1717 POWELL ST STE #300, SAN FRANCISCO, CA 94133-2843
Ownership since
2014
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
Dec 28, 2017
—
Lakeshore Apartments LP
—
Deed
related
$8,000,000 · First Republic Thrift & Loan
Jun 20, 2014
—
Lakeshore Apartments LP
Lakeshore 1918 LLC
Grant Deed
$5,460,000 · First Republic Bank
Jun 14, 2013
$5,500,000
Lakeshore 1918 LLC
Othman,osman A
Grant Deed
$3,620,000 · Sterling Savings Bank
Feb 21, 2007
—
Osman Othman
Othman,osman
Quit Claim Deed
related
—
Jan 23, 2007
$50,000
Osman Othman
Othman,osman
Grant Deed
related
$3,775,000 · United Commercial Bank
Apr 7, 2004
—
Bryan A Levy
Web Services Co INC
Quit Claim Deed
related
—
Apr 7, 2004
$179,000
1918 Lakeshore
Levy,bryan A
Grant Deed
—
Apr 7, 2004
$4,900,000
Osma N Othman
1918 Lakeshore
Grant Deed
$3,675,000 · Affinity Bank
Oct 15, 1999
—
Mccarter,scott R
Falkenberg,emily
Trustees Deed
$2,400,000 · Fremont Bank
Oct 25, 1994
—
Belle Shore LLC
Greenberg,mack
Grant Deed
related
—
May 3, 1994
—
Mack Greenberg
Greenberg,zoya
Quit Claim Deed
related
—
May 3, 1994
$1,650,000
Greenberg,mack
Strong,munro L
Trustees Deed
$1,050,000 · World Savings & Loan
Nov 2, 1993
—
Munro Strong
Strong Dorothy P
Quit Claim Deed
related
—
—
—
1918 Lakeshore
—
Deed Of Trust
related
$3,045,750 · Washington Mutual Fsb
—
—
1918 Lakeshore
—
Deed Of Trust
related
$300,000 · Ed De Avila
—
—
Belle Shore LLC
—
Deed Of Trust
related
$100,000 · Summit Bank
—
—
Cheryl D Hughes
—
Deed Of Trust
related
$15,750 · Southern California INC
—
—
Belle Shore LLC
—
Deed Of Trust
related
$150,000 · Summit Savings Bank
—
—
Belle Shore LLC
—
Deed Of Trust
related
$1,540,000 · American Savings 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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