Property profile

2518 Manchester Ave San Pablo, CA 94806

OFF-MARKET
Other apartment buildings
Property ID
US09-0203660
6,925 SF 0.2 ac lot Built 1965
Entity Owned Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

In San Pablo, this apartment building contains eight residential units, each configured as 2 bedrooms and 1 bathroom. The property provides approximately 6,925 square feet of rental area and includes six single-car attached garages plus five additional leased attached garages. Each unit is individually metered for PG&E. Common amenities include an on-site coin-operated washer and dryer area. Site features include a secured security gate and a fenced lot. Unit 8 is vacant and was remodeled with permits, including updates to the kitchen (cabinets, countertops, stove, and refrigerator), flooring (carpet and tile), bathroom (fixtures), mirrored closets, dual-pane windows with blinds, interior wall finishes (sheetrock), electrical improvements, a wall heater, and fresh paint. The exterior shows minimal deferred maintenance. The property is positioned near public transportation, shopping centers, schools, Kaiser Medical Center, and Richmond Marina, with convenient access to I-580 and I-80 and the Richmond ferry terminal.

Property profile

Verified
Property type Other apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1965
Total area 6,925 SF
Lot 0.2 ac (8,750 SF)
APN 412-041-002-4
UPID US09-0203660

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2518 Manchester Ave San Pablo, CA 94806-2848
San Pablo metro Census 366002 SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.55M
Comparable Approach Comparable
$1.85M
Blend (final) Blend
$1.77M

Owner & transaction history

since 2025
Last sale
$1.8M
6 recorded transactions
2025
$1.8M
2010
Price N/A
2004
$1.0M
2000
$434,000
1985
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Medical building $2.5M +58.1%
Commercial (general) $2.0M +23.1%
Auto repair, garage $1.8M +12.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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