Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$11,980,000
Apartment buildings
2465 Shoreline Dr Alameda, CA 94501-6264
Entity Owned
25-yr Hold
~
Est. High Equity
Property ID
US09-6913025
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1966
Construction
WOOD
Total area
94,872 SF
Lot
1.87 ac (81,500 SF)
APN
74-950-16-2
UPID
US09-6913025
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
-
Tower Apartment Homes Apartment Rental Agency Furnished Apartment Building
-
ROSSIFITNESS, Healthy & Fit Lifestyle Gym & Fitness Center
-
STAR Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.98M
Owner & transaction history
Tower/alameda LLC · 25 yrs held
Tower/alameda LLC
since 2001
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$126 / 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
$227,389
Tax year 2023
Assessed value
$15,339,390
Assessed 2024
Previous assessed
$15,026,150
+2.1% YoY
Effective rate
1.48%
On assessed value
Assessed land
$4,610,670
Assessed improvement
$10,728,720
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
1966
Construction
WOOD
Heating
NONE
Buildings
1
Stories
4
Units
76
Bathrooms
132
Total area
94,872 SF
Lot
1.87 ac (81,500 SF)
APN
74-950-16-2
UPID
US09-6913025
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
Building & site characteristics
From public records
Year built
1966
Construction
WOOD
Heating
NONE
Stories
4
Buildings
1
Units
76
Bathrooms
132
Lot
1.87 ac
Current owner
From public records · entity-resolved
Tower/alameda LLC
Entity
Mailing address
900 5TH AVE #105, SAN RAFAEL, CA 94901-2959
Ownership since
2001
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
May 31, 2016
—
Tower Alameda LP
—
Deed
related
$19,583,000 · Walker & Dunlop
Apr 26, 2001
—
Tower/alameda LLC
Cowen,john
Grant Deed
$9,131,000 · Arcs Commercial Mortgage Co LP
Apr 30, 1999
$10,000,000
Tower/alameda LLC
Heckenlively Trust
Grant Deed
$7,000,000 · World Savings Bank
Oct 9, 1996
—
Heckenlively Trust
Heckenlively Trust
Quit Claim Deed
related
—
Oct 1, 1991
—
Heckenlively Tru
—
Quit Claim Deed
related
$2,450,000 · Union Central Life Insurance
—
—
Heckenlively Trust
—
Deed Of Trust
related
$2,600,000 · Home Savings Of America
—
—
Alameda Tower
—
Deed Of Trust
related
$12,675,000 · Arcs Commercial Mortgage Co LP
—
—
Tower Alameda LP
—
Deed Of Trust
related
$19,583,000 · Walker & Dunlop
—
—
Tower/alameda LLC
—
Deed Of Trust
related
$400,000 · Steven K Fox
—
—
Tower Alameda LLC
—
Deed Of Trust
related
$1,200,000 · Gc Investment Xxv
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?”
You own 2465 Shoreline Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
