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Property profile & analytics
OFF-MARKET
Estimated value
$1,825,000
Apartment buildings
2151 Lincoln Ave Alameda, CA 94501-2867
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8695643
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1910
Construction
WOOD
Total area
4,071 SF
Lot
0.14 ac (6,160 SF)
APN
71-233-11
UPID
US09-8695643
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
-
Vilma Argueta Marriage Or Relationship Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.83M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.64M
Blend (final)
Blend
$1.83M
Owner & transaction history
Ricardo S De Leon · 1 yrs held
Ricardo S De Leon
since 2025
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.7M
+41.2%
Medical building
$1.6M
+31.4%
Auto repair, garage
$1.3M
+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
$1,825,000
ML approach
$1,825,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,225,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,730,000
Change: +41% · Conversion: Difficult
MEDICAL BUILDING
$1,610,000
Change: +31% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,310,000
Change: +7% · Conversion: Difficult
RETAIL STORES
$1,155,000
Change: -6% · Conversion: Difficult
OFFICE BUILDING
$1,110,000
Change: -9% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,100,000
Change: -10% · Conversion: Moderate
Blend value · Realmo final
$1.83M
Range $1.64M – $2.01M · ±10% · vs last sale $1.83M (Aug 8 2024)
Last sale anchor
$1.83M
Aug 8 2024
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
$448 / 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
$25,890
Tax year 2023
Assessed value
$1,746,204
Assessed 2024
Previous assessed
$1,746,204
+0.0% YoY
Effective rate
1.48%
On assessed value
Assessed land
$530,600
Assessed improvement
$1,215,604
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
1910
Construction
WOOD
Heating
NONE
Buildings
1
Stories
2
Units
6
Rooms
19
Bathrooms
6
Total area
4,071 SF
Lot
0.14 ac (6,160 SF)
APN
71-233-11
UPID
US09-8695643
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
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.3M
RETAIL STORES
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
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
1910
Construction
WOOD
Heating
NONE
Stories
2
Buildings
1
Units
6
Rooms
19
Bathrooms
6
Lot
0.14 ac
Current owner
From public records · entity-resolved
Ricardo S De Leon
Individual
Mailing address
600 FORTRESS ISLE, ALAMEDA, CA 94501-5667
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 14, 2025
—
Ricardo S De Leon
Ricardo S De Leon
Deed
related
—
Aug 8, 2024
$1,825,000
Ricardo S De Leon
Sp Investment Group LLC
Grant Deed
$1,186,250 · Western Adventist Foundation A Californi
Jun 28, 2021
—
Sp Investment Group LLC
—
Deed
related
$825,000 · Bbcn Bank
Sep 15, 2020
$1,650,000
Sp Investment Group
Lgf Holdings LLC
Grant Deed
—
Jun 9, 2016
—
Lgf Holdings LLC
—
Deed
related
$650,000 · Luther Burbank Svgs
Nov 21, 2012
—
Lgf Holdings LLC
Lisa S Lawley
Grant Deed
$568,750 · Luther Burbank Savings
Apr 20, 2012
—
Lawley L S Trust
Mill Draycott Trust
Grant Deed
related
—
Apr 18, 2006
—
Draycott Mill Trust
Draycott Mill Trust
Quit Claim Deed
—
Aug 29, 2003
—
Lawley,tr
Lawley,bryan W & Lisa S
Quit Claim Deed
related
—
Sep 3, 1997
$300,000
Bryan W Lawley
Rotter,ronald A
Grant Deed
$210,000 · World Savings Bank
Feb 13, 1980
$125,000
—
—
Grant Deed
related
$100,000
—
—
Lgf Holdings LLC
—
Deed Of Trust
related
$650,000 · Luther Burbank Svgs
—
—
Mill,tr
—
Deed Of Trust
related
$550,000 · World Savings 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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