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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Assisted living facilities
388 12th St Oakland, CA 94607-4249
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US09-9234251
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2018
Construction
CONCRETE
Total area
20,981 SF
Lot
0.11 ac (5,000 SF)
APN
2-57-7
UPID
US09-9234251
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
-
East Bay Longevity Assisted Living 華埠壽星樓 Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$575k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$681k
Blend (final)
Blend
$625k
Owner & transaction history
Longevity Building LLC · 11 yrs held
Longevity Building LLC
since 2015
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 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
$575,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$625k
Range $563k – $688k · ±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
$30 / 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
$78,633
Tax year 2023
Assessed value
$5,042,397
Assessed 2024
Previous assessed
$4,943,539
+2.0% YoY
Effective rate
1.56%
On assessed value
Assessed land
$600,890
Assessed improvement
$4,441,507
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
2018
Construction
CONCRETE
Heating
NONE
Buildings
1
Stories
6
Units
51
Bathrooms
25
Total area
20,981 SF
Lot
0.11 ac (5,000 SF)
APN
2-57-7
UPID
US09-9234251
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
2018
Construction
CONCRETE
Heating
NONE
Stories
6
Buildings
1
Units
51
Bathrooms
25
Lot
0.11 ac
Current owner
From public records · entity-resolved
Longevity Building LLC
Entity
Mailing address
1086 CLEARFIELD DR, MILLBRAE, CA 94030-2153
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 21, 2015
—
Longevity Building LLC
Kuang,michael & Alice
Grant Deed
—
Dec 30, 2013
$715,000
Michael Kuang
388 12th Street LLC
Grant Deed
—
Oct 23, 2009
$300,000
388 12th Street LLC
Fidelity National Title Co
Trustees Deed
related
—
Apr 2, 2007
—
Saigon Plaza Assn LLC
Owner,record
Grant Deed
related
—
Feb 2, 2007
$50,000
388 12th Street LLC
California Mtg & Realty INC
Trustees Deed
related
—
Oct 3, 2005
—
Saigon Plaza Association LLC
Le John,t
Grant Deed
—
Nov 13, 2001
—
John T Le
—
Deed Of Trust
related
$1,100,000 · Wing H Ng
Sep 24, 2001
$228,000
John T Le
12th Street Building LLC
Grant Deed
—
Feb 13, 1998
$430,000
380-388 12th Street Bldg Ptshp
Chan,christopher W & Frieda G
Grant Deed
$275,000 · San Rafael Thrift & Loan
Feb 1, 1979
$103,500
—
—
Grant Deed
related
—
—
—
Chu C Tran
—
Deed Of Trust
related
$43,000 · Individual
—
—
John T Le
—
Deed Of Trust
related
$2,000,000 · Wing H Ng
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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