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Property profile & analytics
FOR SALE
Apartment buildings
2151 24Th St Oakland, CA 94606
Trust Owned
8-yr Hold
Free & Clear
Property ID
US09-8132483
For Sale
1 / 16
$795,000
2151 24Th St, Oakland, CA 94606
View Listing →
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1940
Construction
WOOD
Total area
3,452 SF
Lot
0.16 ac (7,000 SF)
APN
22-326-27
UPID
US09-8132483
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$590k
Owner & transaction history
Taing Family Trust · 8 yrs held
Taing Family Trust
since 2017
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$830,000
+32.6%
Retail stores
$820,000
+30.9%
Auto repair, garage
$650,000
+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)
$625,000
Current use
OFFICE BUILDING
$830,000
Change: +33% · Conversion: Moderate
RETAIL STORES
$820,000
Change: +31% · Conversion: Difficult
AUTO REPAIR, GARAGE
$650,000
Change: +3% · Conversion: Difficult
WAREHOUSE, STORAGE
$530,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$590k
Range $531k – $649k · ±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
$17,883
Tax year 2023
Assessed value
$987,217
Assessed 2024
Previous assessed
$967,861
+2.0% YoY
Effective rate
1.81%
On assessed value
Assessed land
$296,165
Assessed improvement
$691,052
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
For Sale
Year built
1940
Construction
WOOD
Heating
NONE
Buildings
2
Stories
2
Units
5
Rooms
22
Bathrooms
5
Total area
3,452 SF
Lot
0.16 ac (7,000 SF)
APN
22-326-27
UPID
US09-8132483
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
$625,000
OFFICE BUILDING
Est. value
$830,000
RETAIL STORES
Est. value
$820,000
AUTO REPAIR, GARAGE
Est. value
$650,000
WAREHOUSE, STORAGE
Est. value
$530,000
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1940
Construction
WOOD
Heating
NONE
Stories
2
Buildings
2
Units
5
Rooms
22
Bathrooms
5
Lot
0.16 ac
Current owner
From public records · entity-resolved
Taing Family Trust
Trust
Free & Clear · 8 yrs held
Mailing address
7157 CALISTOGA LN, DUBLIN, CA 94568-4666
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 23, 2017
$887,000
Taing Family Trust
Mega Elite Holdings LLC
Grant Deed
—
Sep 8, 2011
$376,000
Mega Elite Holding LLC
Cheng,cong S
Grant Deed
—
Sep 28, 2001
$370,000
Cong S Chieng
Yu,jennifer H
Grant Deed
$259,000 · Far East National Bank
Sep 28, 2001
—
Jennifer H Yu
Yu,jian F
Quit Claim Deed
related
—
Oct 29, 1993
$240,000
Jennifer Yu
Chan,j./chan,c.
Grant Deed
$175,000 · San Francisco Federal S & L
Jun 13, 1990
$82,000
Jeffrey Chan
Mclaughlin,g.
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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