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Property profile & analytics
OFF-MARKET
Estimated value
$5,210,000
Apartment buildings
206 Chumalia St San Leandro, CA 94577-3706
Entity Owned
1-yr Hold
Free & Clear
Property ID
US09-7309131
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1967
Construction
WOOD
Total area
25,776 SF
Lot
0.38 ac (16,700 SF)
APN
77-451-1
UPID
US09-7309131
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
$5.28M
CAP Approach
CAP
$5.75M
Comparable Approach
Comparable
$6.57M
Blend (final)
Blend
$5.21M
Owner & transaction history
Mer Holdings LLC · 1 yrs held
Mer Holdings LLC
since 2024
Last sale
$4.9M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$8.6M
+13.6%
Auto repair, garage
$8.5M
+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
$5,275,000
ML approach
$5,275,000
CAP Approach
CAP Return
Estimation
6%
$6,225,000
6.5%
$5,745,000
7%
$5,335,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$7,530,000
Current use
OFFICE BUILDING
$8,560,000
Change: +14% · Conversion: Moderate
AUTO REPAIR, GARAGE
$8,515,000
Change: +13% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,480,000
Change: -1% · Conversion: Moderate
RETAIL STORES
$6,940,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$5.21M
Range $4.69M – $5.73M · ±10% · vs last sale $4.88M (Jul 26 2023)
Last sale anchor
$4.88M
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
$202 / 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
$52,937
Tax year 2023
Assessed value
$4,668,490
Assessed 2024
Previous assessed
$2,996,648
+55.8% YoY
Effective rate
1.13%
On assessed value
Assessed land
$1,563,930
Assessed improvement
$3,104,560
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
1967
Construction
WOOD
Heating
NONE
Buildings
1
Stories
4
Units
32
Bathrooms
40
Total area
25,776 SF
Lot
0.38 ac (16,700 SF)
APN
77-451-1
UPID
US09-7309131
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
$7.5M
OFFICE BUILDING
Est. value
$8.6M
AUTO REPAIR, GARAGE
Est. value
$8.5M
COMMERCIAL (GENERAL)
Est. value
$7.5M
RETAIL STORES
Est. value
$6.9M
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
1967
Construction
WOOD
Heating
NONE
Stories
4
Buildings
1
Units
32
Bathrooms
40
Lot
0.38 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
10 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
$4,881,000
Baa Ig San Leandro Partners LLC
Pierron Properties LLC
Grant Deed
$3,770,000 · First Republic Bank
Jul 26, 2023
—
Mer Holdings LLC
Pierron Properties LLC
Grant Deed
—
Sep 20, 2007
—
Hudson Thomas H Living Trust
Hudson,thomas H
Quit Claim Deed
related
—
Jul 17, 2006
—
Pierron Properties LLC
Miller,kathleen P
Grant Deed
—
Jun 4, 2005
—
Edna M Pierron
Owner,record
Grant Deed
related
—
May 30, 2003
—
Pierron,tr
Pierron,edna M
Quit Claim Deed
related
—
Aug 23, 2000
—
Hals Trust
Hals,ervin & Sharon
Quit Claim Deed
related
—
Dec 24, 1998
—
James L Pierron
206 Chumalia Co
Grant Deed
related
—
Feb 2, 1967
—
—
—
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.
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