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Property profile & analytics
FOR SALE
Apartment buildings
6625 Bancroft Ave Oakland, CA 94605
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US09-7927366
For Sale
1 / 15
$1,095,000
6625 Bancroft Ave, Oakland, CA 94605
View Listing →
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1946
Construction
WOOD
Total area
5,001 SF
Lot
0.08 ac (3,670 SF)
APN
39-3266-5
UPID
US09-7927366
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
$775k
Owner & transaction history
Merchant Properties LLC · 7 yrs held
Merchant Properties LLC
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.2M
+36.7%
Retail stores
$1.2M
+34.9%
Commercial (general)
$990,000
+12.3%
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)
$880,000
Current use
OFFICE BUILDING
$1,205,000
Change: +37% · Conversion: Moderate
RETAIL STORES
$1,190,000
Change: +35% · Conversion: Difficult
COMMERCIAL (GENERAL)
$990,000
Change: +12% · Conversion: Moderate
Blend value · Realmo final
$775k
Range $698k – $853k · ±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
$155 / 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
$22,320
Tax year 2023
Assessed value
$1,269,704
Assessed 2024
Previous assessed
$1,244,812
+2.0% YoY
Effective rate
1.76%
On assessed value
Assessed land
$328,089
Assessed improvement
$941,615
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
For Sale
Year built
1946
Construction
WOOD
Heating
NONE
Buildings
1
Stories
3
Units
6
Rooms
18
Bathrooms
6
Total area
5,001 SF
Lot
0.08 ac (3,670 SF)
APN
39-3266-5
UPID
US09-7927366
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
$880,000
OFFICE BUILDING
Est. value
$1.2M
RETAIL STORES
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$990,000
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
1946
Construction
WOOD
Heating
NONE
Stories
3
Buildings
1
Units
6
Rooms
18
Bathrooms
6
Lot
0.08 ac
Current owner
From public records · entity-resolved
Merchant Properties LLC
Entity
Mailing address
1103 SEMINARY AVE, OAKLAND, CA 94621-3947
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
19 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 11, 2019
—
Merchant Properties LLC
Merchant Family Trust
Quit Claim Deed
related
—
May 13, 2019
$1,165,000
Jacqueline Luk
Birch8330 LP
Grant Deed
—
May 13, 2019
—
Jacqueline Luk
Daniel Merchant
Intrafamily Transfer
related
$757,250 · First Republic Bank
Sep 25, 2018
—
Birch8330 LP
Birch833o LP
Grant Deed
$825,000 · Opus Bank
Dec 28, 2012
—
Birch8330 LP
Udinsky Family Trust
Quit Claim Deed
related
—
Aug 2, 2012
—
Udinsky Family Trust
Udinsky,jerald
Quit Claim Deed
related
—
Mar 20, 2012
$340,000
Jerald Udinsky
Joyful House LLC
Grant Deed
—
Apr 9, 2010
$155,400
Joyful House LLC
Standard Trust Deed Svc Co
Trustees Deed
related
—
Nov 6, 2006
—
Jose Ochoa
Ochoa,lourdes
Quit Claim Deed
related
—
Nov 6, 2006
$670,000
Jose Ochoa
Ramos,hugo
Grant Deed
$456,000 · Tamalpais Bank
Mar 31, 2000
$260,000
Hugo Ramos
Gipson,leon
Grant Deed
$195,000 · California Savings & Loan
Dec 18, 1998
—
Leon Gipson
Gipson,leon
Quit Claim Deed
related
—
Oct 30, 1998
$90,000
Leon Gipson
Davis,barbara
Grant Deed
$180,000 · Ferguson Trust
Mar 11, 1998
$84,000
Wealthwise Properties
Gipson,leon
Grant Deed
—
Nov 6, 1997
$154,000
Leon Gipson
Weinstein,richard L & Linda C
Grant Deed
$83,000 · Beneficial California INC
May 2, 1997
$52,000
Richard L Weinstein
Stephenson,robert A & Marla M
Grant Deed
$51,018 · Individual
—
—
Hugo Ramos
—
Deed Of Trust
related
$350,000 · Tamalpais Bank
—
—
Hugo Ramos
—
Deed Of Trust
related
$30,000 · Hrf Mortgage
—
—
Wyoming Investments LLC
—
Deed Of Trust
related
$85,000 · Richard O Burke
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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