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Property profile & analytics
OFF-MARKET
Estimated value
$7,810,000
Apartment buildings
2571 Leland Rd Pittsburg, CA 94565-5173
Individually Owned
18-yr Hold
~
Est. High Equity
Property ID
US09-2685472
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2008
Total area
77,738 SF
Lot
3 ac (130,680 SF)
APN
088-152-009-2
UPID
US09-2685472
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
$9.76M
Blend (final)
Blend
$7.81M
Owner & transaction history
Mercy Housing California Xxxviii · 18 yrs held
Mercy Housing California Xxxviii
since 2008
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 Pittsburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pittsburg 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
Blend value · Realmo final
$7.81M
Range $7.03M – $8.59M · ±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
$100 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$37,657
Tax year 2024
Assessed value
$7,266,572
Assessed 2024
Previous assessed
$7,266,572
+0.0% YoY
Effective rate
0.52%
On assessed value
Assessed land
$2,414,562
Assessed improvement
$4,852,010
Applied tax rate
7.0000
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
2008
Heating
NONE
Stories
1
Units
63
Rooms
63
Total area
77,738 SF
Lot
3 ac (130,680 SF)
APN
088-152-009-2
UPID
US09-2685472
Jurisdiction
CONTRA COSTA
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
2008
Heating
NONE
Stories
1
Units
63
Rooms
63
Lot
3 ac
Current owner
From public records · entity-resolved
Mercy Housing California Xxxviii
Individual
Mailing address
1600 BROADWAY STE #2000, DENVER, CO 80202-4929
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 27, 2008
—
Mercy Housing California Xxxviii
The Redevelopment Agency Of The Cit
Grant Deed
$14,500,000 · Citicorp North America INC
Jun 2, 2005
—
Redevelopment Agcy Of Pittsburg
Martin,lawrence E
Grant Deed
—
Sep 5, 2003
—
Lawrence E Martin
Carmen,irene D
Quit Claim Deed
related
—
Sep 5, 2003
$558,000
Lawrence E Martin
Lspi Exchange Corp
Grant Deed
—
Dec 28, 2001
$555,000
Lspi Exchange Corp
Pizzagoni,gerald N
Grant Deed
$557,860 · Paul Martin
May 4, 2001
—
Gerald N Pizzagoni
Pizzagoni,janet Y
Quit Claim Deed
related
$300,000 · Hafeez Trust
—
—
Jerry Pizzagoni
—
Deed Of Trust
related
$285,000 · East County Bank
Aug 5, 1968
—
—
—
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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