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Property profile & analytics
OFF-MARKET
Estimated value
$880,000
Apartment buildings
2008 Alameda Ave Alameda, CA 94501-4223
Individually Owned
Free & Clear
Property ID
US09-9370308
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1960
Construction
WOOD
Total area
4,432 SF
Lot
0.17 ac (7,500 SF)
APN
71-246-27
UPID
US09-9370308
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
$990k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$880k
Owner & transaction history
Kevin Weizheng Chen
Kevin Weizheng Chen
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.4M
+7.0%
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 Alameda submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Alameda 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%
$1,070,000
6.5%
$990,000
7%
$915,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,335,000
Current use
AUTO REPAIR, GARAGE
$1,425,000
Change: +7% · Conversion: Difficult
RETAIL STORES
$1,260,000
Change: -6% · Conversion: Difficult
OFFICE BUILDING
$1,205,000
Change: -9% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,200,000
Change: -10% · Conversion: Moderate
Blend value · Realmo final
$880k
Range $792k – $968k · ±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
$199 / 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
$26,546
Tax year 2023
Assessed value
$1,814,658
Assessed 2024
Previous assessed
$1,814,658
+0.0% YoY
Effective rate
1.46%
On assessed value
Assessed land
$683,230
Assessed improvement
$1,131,428
Applied tax rate
21.0000
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
1960
Construction
WOOD
Heating
NONE
Buildings
1
Stories
2
Units
5
Rooms
20
Bathrooms
5
Total area
4,432 SF
Lot
0.17 ac (7,500 SF)
APN
71-246-27
UPID
US09-9370308
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
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.4M
RETAIL STORES
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1960
Construction
WOOD
Heating
NONE
Stories
2
Buildings
1
Units
5
Rooms
20
Bathrooms
5
Lot
0.17 ac
Current owner
From public records · entity-resolved
Kevin Weizheng Chen
Individual
Free & Clear · 0 yrs held
Mailing address
2008 ALAMEDA AVE APT A, ALAMEDA, CA 94501-4223
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 5, 2025
$1,700,000
Kevin Weizheng Chen
Yong Sun Franks
Grant Deed
—
Aug 2, 2024
—
Yong Sun Franks
Yong Sun Frank
Grant Deed
—
Aug 1, 2024
—
Yong Sun Franks
Yong Sun Frehch
Grant Deed
—
Jun 22, 2016
—
Franks,yong Sun 2016 Trust
Franks,yong S
Quit Claim Deed
related
—
Jun 24, 2005
—
June C Lym
Lym G & J C 1991 Trust
Quit Claim Deed
related
—
Jun 24, 2005
$1,333,000
Yong S Franks
Lym,june C
Grant Deed
$632,000 · United Commercial Bank
Aug 13, 1999
—
Lym Trust
Lym,gilbert & June C
Quit Claim Deed
related
—
May 9, 1989
$545,000
Gilbert Lym
Bell,s./ellison,
Grant Deed
$285,000 · World Savings & Loan
—
—
Gilbert Lym
—
Deed Of Trust
related
$282,000 · Bay View Federal 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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