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Property profile & analytics
OFF-MARKET
Estimated value
$1,795,000
Apartment buildings
3024 Fruitvale Ave, Oakland, CA 94602-2100
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US09-6661562
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1986
Construction
WOOD
Total area
11,214 SF
Lot
0.27 ac (11,700 SF)
APN
27-860-21
UPID
US09-6661562
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
by Request
Blend (final)
Blend
$1.80M
Owner & transaction history
Aventis Fruitvale II LLC · 7 yrs held
Aventis Fruitvale II LLC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.7M
+36.8%
Retail stores
$2.7M
+35.0%
Commercial (general)
$2.5M
+25.1%
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)
$1,975,000
Current use
OFFICE BUILDING
$2,700,000
Change: +37% · Conversion: Moderate
RETAIL STORES
$2,665,000
Change: +35% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,470,000
Change: +25% · Conversion: Moderate
Blend value · Realmo final
$1.80M
Range $1.62M – $1.97M · ±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
$160 / 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
$56,499
Tax year 2023
Assessed value
$3,255,000
Assessed 2024
Previous assessed
$3,476,576
-6.4% YoY
Effective rate
1.74%
On assessed value
Assessed land
$977,000
Assessed improvement
$2,278,000
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
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
1986
Construction
WOOD
Heating
NONE
Buildings
1
Stories
3
Units
15
Rooms
72
Bathrooms
15
Total area
11,214 SF
Lot
0.27 ac (11,700 SF)
APN
27-860-21
UPID
US09-6661562
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
$2.0M
OFFICE BUILDING
Est. value
$2.7M
RETAIL STORES
Est. value
$2.7M
COMMERCIAL (GENERAL)
Est. value
$2.5M
APARTMENT HOUSE (5+ UNITS) Current
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
1986
Construction
WOOD
Heating
NONE
Stories
3
Buildings
1
Units
15
Rooms
72
Bathrooms
15
Lot
0.27 ac
Current owner
From public records · entity-resolved
Aventis Fruitvale II LLC
Entity
Mailing address
1280 CENTRAL BLVD STE G, BRENTWOOD, CA 94513-2243
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 16, 2021
—
Aventis Furitvale LLC
—
Deed
related
$2,110,000 · First Foundation Bank
Dec 28, 2018
$3,250,000
Aventis Fruitvale II LLC
3024 Fruitvale Ave LLC
Grant Deed
$1,787,500 · First Republic Bank
Mar 30, 2018
—
3024 Fruitvale Ave LLC
—
Deed
related
$1,904,000 · Opus Bank
Oct 14, 2013
$1,785,000
3024 Fruitvale Ave LLC
Fruitvale Ventures LLC
Grant Deed
—
Apr 8, 2011
—
Fruitvale Ventures LLC
Basch,martin & Maria
Grant Deed
—
Mar 14, 2011
$1,231,000
Martin Basch
Reynolds Barbara Trust
Grant Deed
—
Oct 3, 2002
—
Reynolds,tr
Reynolds,barbara
Quit Claim Deed
related
—
Apr 2, 2002
$1,900,000
Barbara A Reynolds
Wilton,mark A
Grant Deed
$1,425,000 · First Federal S & L San Rafael
Dec 15, 1995
$20,000
Mark A Wilton
Wilton,mark A
Grant Deed
related
—
—
—
Mark A Wilton
—
Deed Of Trust
related
$650,000 · American Savings Bank
—
—
Barbara A Reynolds
—
Deed Of Trust
related
$1,233,175 · First Federal S & L San Rafael
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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