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Property profile & analytics
OFF-MARKET
Estimated value
$1,560,000
Apartment buildings
2970 Smt St Oakland, CA 94609-3417
Entity Owned
9-yr Hold
Property ID
US09-8598740
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2022
Construction
WOOD
Total area
8,631 SF
Lot
0.11 ac (4,942 SF)
APN
9-700-16
UPID
US09-8598740
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
-
2970 Summit St Parking Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.56M
Owner & transaction history
2970 Summit Apartments LLC · 9 yrs held
2970 Summit Apartments LLC
since 2017
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$2.5M
+34.0%
Office building
$2.1M
+11.8%
Retail stores
$2.1M
+10.3%
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)
$1,860,000
Current use
INDUSTRIAL (GENERAL)
$2,490,000
Change: +34% · Conversion: Difficult
OFFICE BUILDING
$2,080,000
Change: +12% · Conversion: Moderate
RETAIL STORES
$2,050,000
Change: +10% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,960,000
Change: +5% · Conversion: Moderate
Blend value · Realmo final
$1.56M
Range $1.40M – $1.72M · ±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
$181 / 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
$63,701
Tax year 2023
Assessed value
$4,208,263
Assessed 2024
Previous assessed
$4,125,749
+2.0% YoY
Effective rate
1.51%
On assessed value
Assessed land
$1,079,781
Assessed improvement
$3,128,482
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
Off-Market
Year built
2022
Construction
WOOD
Heating
NONE
Buildings
1
Stories
4
Units
8
Total area
8,631 SF
Lot
0.11 ac (4,942 SF)
APN
9-700-16
UPID
US09-8598740
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
$1.9M
INDUSTRIAL (GENERAL)
Est. value
$2.5M
OFFICE BUILDING
Est. value
$2.1M
RETAIL STORES
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$2.0M
APARTMENT HOUSE (5+ UNITS) Current
INDUSTRIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
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
2022
Construction
WOOD
Heating
NONE
Stories
4
Buildings
1
Units
8
Lot
0.11 ac
Current owner
From public records · entity-resolved
2970 Summit Apartments LLC
Entity
Mailing address
1136 SARANAP AVE STE M, WALNUT CREEK, CA 94595-1185
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
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2021
—
2970 Summit Apartments LLC
—
Deed
related
$3,900,000 · Dmitrii Dremliuga
May 12, 2017
$949,000
2970 Summit Apartments LLC
Summit Street Partners LLC
Grant Deed
—
Feb 26, 2016
—
Lani Dy
Watchorn,nicholas
Quit Claim Deed
related
—
Feb 26, 2016
$530,000
Summit Street Partners LLC
David Ramah Trust
Grant Deed
—
Dec 8, 2015
—
Lani Dy
Dy,george
Quit Claim Deed
related
—
Feb 25, 2011
$320,000
David Ramah Living Trust
Dy Lani Trust
Grant Deed
—
Nov 7, 2008
—
Dy Lani Trust
Dy,lani
Quit Claim Deed
related
—
Jan 6, 2006
$215,000
Lani Dy
Hebrard,michael E
Grant Deed
—
Jul 2, 2004
—
Gutfleisch,tr
Gutfleisch,june
Quit Claim Deed
related
—
Jun 21, 2004
$4,400,000
Michael E Hebrard
Lynch Investments LLC
Grant Deed
$3,100,000 · United Commercial Bank
Dec 10, 2002
—
Lynch Investments LLC
—
Deed Of Trust
related
$1,000,000 · Kanbar Spirits INC
Nov 3, 2000
$1,438,000
Lynch Assoc LLC
Rendel Trust
Grant Deed
related
$600,000 · Littlewood Financial Group
Apr 27, 1993
$462,500
Mark Moss
Pia,josephine
Grant Deed
related
—
Sep 21, 1982
—
—
—
Grant Deed
related
—
—
—
Lani Dy
—
Deed Of Trust
related
$250,000 · First Community Bank
—
—
The Pia Family T
—
Deed Of Trust
related
$2,300,000 · Home Savings Of America
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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