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Property profile & analytics
OFF-MARKET
Estimated value
$3,400,000
Apartment buildings
407 Fairmount Ave, Oakland, CA 94611-5577
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US09-6584702
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1962
Construction
WOOD
Total area
29,496 SF
Lot
0.49 ac (21,250 SF)
APN
10-808-9
UPID
US09-6584702
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
-
IndaBusiness (Bike/Boat/Book/etc) Store Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.40M
Owner & transaction history
Baltic Prop Ventures IV LLC · 14 yrs held
Baltic Prop Ventures IV LLC
since 2012
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$115 / 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
$95,731
Tax year 2023
Assessed value
$4,857,615
Assessed 2024
Previous assessed
$4,760,878
+2.0% YoY
Effective rate
1.97%
On assessed value
Assessed land
$1,450,942
Assessed improvement
$3,406,673
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
1962
Construction
WOOD
Heating
NONE
Buildings
1
Stories
4
Units
41
Rooms
136
Bathrooms
41
Total area
29,496 SF
Lot
0.49 ac (21,250 SF)
APN
10-808-9
UPID
US09-6584702
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
1962
Construction
WOOD
Heating
NONE
Stories
4
Buildings
1
Units
41
Rooms
136
Bathrooms
41
Lot
0.49 ac
Current owner
From public records · entity-resolved
Baltic Prop Ventures IV LLC
Entity
Mailing address
1135 TERMINAL WAY STE #106, RENO, NV 89502-2143
Ownership since
2012
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
Feb 21, 2012
—
Baltic Prop Ventures IV LLC
407 Fairmount Trust
Grant Deed
$50,000 · 407 Fairmount Trustee
Feb 20, 2008
—
407 Fairmount Trust
Kingston Associates
Grant Deed
—
Oct 27, 2004
—
William J Rosetti
Hyde Street Investors II LLC
Quit Claim Deed
related
$2,524,500 · West American Capital LP
Feb 15, 2002
—
Kingston Associates LP
Creer,bradley W & Michele A
Quit Claim Deed
related
$2,700,000 · California Federal Bank
Dec 1, 1999
$400,000
Bradley W Creer
Kim,keith J
Grant Deed
$1,750,000 · First Fidelity Invest
Feb 3, 1998
$1,525,000
Beni B Agoustari
Kim,keith J
Grant Deed
$1,125,000 · Individual
Dec 1, 1992
$1,500,000
Keith Kim
Coast Federal Ba
Grant Deed
$1,200,000 · Coast Federal Bank
Oct 14, 1992
—
Coast Federal Bank
Coast Fed Servic
Quit Claim Deed
related
—
—
—
Baltic Property Ventures IV Ll
—
Deed Of Trust
related
$500,000 · Community Bk/the Bay
—
—
Stanley Woolley
—
Deed Of Trust
related
$105,000 · Individual
—
—
Keith Kim
—
Deed Of Trust
related
$100,000 · Individual
—
—
Kingston Associates
—
Deed Of Trust
related
$1,200,000 · West American Capital LP
—
—
J & R Land & Cattle Co
—
Deed Of Trust
related
$2,800,000 · Countrywide Bank
—
—
Baltic Property Ventures IV Ll
—
Deed Of Trust
related
$5,135,000 · Jp Morgan Chase Bk
—
—
Baltic Prop Ventures IV LLC
—
Deed Of Trust
related
$3,360,000 · J P Morgan Chase Bank
—
—
Baltic Prop Ventures IV LLC
—
Deed Of Trust
related
$3,825,000 · J P Morgan Chase Bank
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.
Try Rey
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