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Property profile & analytics
OFF-MARKET
Estimated value
$2,385,000
Apartment buildings
2045 Clinton Ave Alameda, CA 94501-4378
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US09-6656516
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1929
Construction
WOOD
Total area
13,951 SF
Lot
0.17 ac (7,500 SF)
APN
71-243-9
UPID
US09-6656516
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
-
Elemental Medicine Medical Clinic Alternative Medicine Practice
-
Flavia Loreto Fotografia Photography Service (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.11M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.39M
Owner & transaction history
Clinton Avenue Properties LLC · 11 yrs held
Clinton Avenue Properties LLC
since 2015
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$3,370,000
6.5%
$3,110,000
7%
$2,885,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,960,000
Change: -6% · Conversion: Difficult
OFFICE BUILDING
$3,800,000
Change: -9% · Conversion: Moderate
COMMERCIAL (GENERAL)
$3,770,000
Change: -10% · Conversion: Moderate
Blend value · Realmo final
$2.39M
Range $2.15M – $2.62M · ±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
$171 / 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
$56,107
Tax year 2023
Assessed value
$3,545,615
Assessed 2024
Previous assessed
$3,477,401
+2.0% YoY
Effective rate
1.58%
On assessed value
Assessed land
$1,060,425
Assessed improvement
$2,485,190
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
1929
Construction
WOOD
Heating
NONE
Buildings
1
Stories
3
Units
15
Rooms
46
Bathrooms
15
Total area
13,951 SF
Lot
0.17 ac (7,500 SF)
APN
71-243-9
UPID
US09-6656516
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
RETAIL STORES
Est. value
$4.0M
OFFICE BUILDING
Est. value
$3.8M
COMMERCIAL (GENERAL)
Est. value
$3.8M
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
1929
Construction
WOOD
Heating
NONE
Stories
3
Buildings
1
Units
15
Rooms
46
Bathrooms
15
Lot
0.17 ac
Current owner
From public records · entity-resolved
Clinton Avenue Properties LLC
Entity
Mailing address
5141 LONE TREE WAY #315, ANTIOCH, CA 94531-8688
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2015
$1,650,000
Clinton Avenue Properties LLC
Reco Investors LLC
Grant Deed
$2,475,000 · Jpmorgan Chase Bank NA
Oct 1, 2012
$1,800,000
Reco Investors LLC
Murakami A T Living Trust
Grant Deed
—
Aug 31, 2004
$2,495,000
Murakami Albert T Trust
Kola,len & Gina
Grant Deed
$1,625,000 · East-west Investment INC
Jan 18, 2002
$1,915,000
Len Kola
Hamilton Trust
Grant Deed
$1,435,000 · United Commercial Bank
Mar 16, 2000
—
Hamilton Trust
Hamilton,mark & Lauri
Quit Claim Deed
related
—
Mar 2, 2000
—
Curtis S Gardner
Gardner,curtis S
Quit Claim Deed
related
$1,155,000 · First Federal S & L San Rafael
Jun 11, 1999
—
Curtis Gardner
Gardner,christine M
Quit Claim Deed
related
—
Jun 11, 1999
$170,500
Hamilton,mark & Lauri P
Chan,eddy S
Trustees Deed
$90,000 · Roza Real Estate Loans INC
Dec 16, 1998
—
Currie Trust
Currie,david
Quit Claim Deed
related
—
Jun 23, 1998
$1,150,000
Mark Hamiltin
Murphy Trust
Grant Deed
$862,500 · Washington Mutual Fsb
Mar 6, 1996
—
Murphy Trust
Murphy,charles J & Honora M
Quit Claim Deed
related
—
Mar 23, 1993
—
Charles&honora,murphy Trust
Murphy,c.&h.
Quit Claim Deed
related
—
Jan 27, 1989
$289,000
Samuel Boyd JR.
Garnin,s.
Grant Deed
$231,000 · Crossland Mortgage Corp
—
—
Reco Investors LLC
—
Deed Of Trust
related
$1,535,000 · Housing Capital Co
—
—
Murakami Albert T Living Trust
—
Deed Of Trust
related
$1,625,000 · United Commercial 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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