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Property profile & analytics
OFF-MARKET
Estimated value
$35,750,000
Apartment buildings
2 Marina Blvd Pittsburg, CA 94565-2006
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US09-2610947
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1971
Construction
WOOD FRAME
Total area
154,950 SF
Lot
10.18 ac (443,441 SF)
APN
085-064-015-2
UPID
US09-2610947
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
$37.90M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$35.75M
Owner & transaction history
Marina Heights Apartments LP · 6 yrs held
Marina Heights Apartments LP
since 2020
Last sale
$35.8M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$56.3M
+51.4%
Commercial (general)
$53.9M
+45.1%
Office building
$53.3M
+43.3%
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 Pittsburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pittsburg 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
$33,580,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$41,055,000
6.5%
$37,895,000
7%
$35,190,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$37,180,000
Current use
MEDICAL BUILDING
$56,280,000
Change: +51% · Conversion: Moderate
COMMERCIAL (GENERAL)
$53,935,000
Change: +45% · Conversion: Moderate
OFFICE BUILDING
$53,270,000
Change: +43% · Conversion: Moderate
AUTO REPAIR, GARAGE
$41,085,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$35.75M
Range $32.18M – $39.33M · ±10% · vs last sale $35.77M (Apr 1 2020)
Last sale anchor
$35.77M
Apr 1 2020
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
$231 / 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
$114,329
Tax year 2024
Assessed value
$39,152,854
Assessed 2024
Previous assessed
$39,152,854
+0.0% YoY
Effective rate
0.29%
On assessed value
Assessed land
$12,866,424
Assessed improvement
$26,286,430
Applied tax rate
7.0000
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
1971
Construction
WOOD FRAME
Heating
FLOOR/WALL FURNACE
Buildings
7
Stories
1
Units
200
Rooms
201
Total area
154,950 SF
Lot
10.18 ac (443,441 SF)
APN
085-064-015-2
UPID
US09-2610947
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
$37.2M
MEDICAL BUILDING
Est. value
$56.3M
COMMERCIAL (GENERAL)
Est. value
$53.9M
OFFICE BUILDING
Est. value
$53.3M
AUTO REPAIR, GARAGE
Est. value
$41.1M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1971
Construction
WOOD FRAME
Heating
FLOOR/WALL FURNACE
Stories
1
Buildings
7
Units
200
Rooms
201
Lot
10.18 ac
Current owner
From public records · entity-resolved
Marina Heights Apartments LP
Entity
Mailing address
69 NW NEWPORT AVE STE #200, BEND, OR 97703-2286
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 15, 2022
—
Marina Heights Apartments LP
—
Deed
related
$38,300,000 · Us Bank Trust Co NA
Apr 1, 2020
$36,424,000
Marina Heights Apartments LP
Ffah Marina Heights LLC
Grant Deed
$38,300,000 · Miscellaneous Govt Agcy
Apr 4, 2019
$35,767,000
Ffah Marina Heights LLC
Steadfast Marina Heights LP
Grant Deed
$22,652,000 · Capital One Bank NA
Apr 4, 2019
—
Ffah Marina Heights LLC
Steadfast Marina Heights LP
Quit Claim Deed
related
—
Oct 7, 2004
—
Steadfast Marina Heights
Sterling Call Family LLC
Grant Deed
$14,700,000 · Us Bank NA
Dec 28, 2000
—
Sterling Call Family LLC
Call Trust
Quit Claim Deed
related
—
Nov 14, 1996
—
Harold Mindell
Harold Mindell Trustee
Quit Claim Deed
related
—
Nov 14, 1996
$52,500
Dellmin LP
Nielsen,judith
Trustees Deed
—
Sep 19, 1996
—
Sterling Call
Marina Heights Apartments
Grant Deed
related
—
Sep 12, 1996
—
Call Trust
Call,sterling & Lois K
Quit Claim Deed
related
—
Sep 22, 1995
—
Marina Heights Apartments
Sterling Call Trustee
Grant Deed
$2,875,000 · Pw Funding INC
Jun 6, 1995
—
Sterling Call
Robert M Scott Trustee
Grant Deed
related
—
Jul 26, 1993
$159,636
Jonathan Horowitz Trustee
California Etchi
Grant Deed
related
—
Oct 15, 1992
$154,000
Sterling Call
Phase Corp
Grant Deed
related
—
Aug 21, 1992
—
Sterling Call
Marina Heights A
Grant Deed
related
—
—
—
Heights A Marina
—
Deed Of Trust
related
$2,900,000 · Pw Funding INC
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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