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Property profile & analytics
OFF-MARKET
Hotels
701 Franklin St, Oakland, CA 94607-3931
Entity Owned
8-yr Hold
Free & Clear
Property ID
US09-6777278
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1890
Construction
TILT-UP CONCRETE
Total area
11,250 SF
Lot
0.09 ac (3,750 SF)
APN
1-195-6
UPID
US09-6777278
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
-
Sam Gatto Ming Louie Law Offc Law Firm
-
Ong George E Law Firm
-
Live Oak Law Group Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Mt-6 Properties LLC · 8 yrs held
Mt-6 Properties LLC
since 2018
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
—
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
$46,360
Tax year 2023
Assessed value
$2,956,075
Assessed 2024
Previous assessed
$2,898,119
+2.0% YoY
Effective rate
1.57%
On assessed value
Assessed land
$1,115,500
Assessed improvement
$1,840,575
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1890
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
3
Total area
11,250 SF
Lot
0.09 ac (3,750 SF)
APN
1-195-6
UPID
US09-6777278
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
1890
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
3
Buildings
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
Mt-6 Properties LLC
Entity
Free & Clear · 8 yrs held
Mailing address
5859 HEIDI WAY, LIVERMORE, CA 94550-8118
Mailing matches property
Yes
Owner-occupied
Yes
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2018
$2,650,000
Mt-6 Properties LLC
107 LLC
Grant Deed
—
Apr 30, 2018
—
George E Ong
Ong,jennie Y
Quit Claim Deed
related
—
Dec 20, 2017
—
107 LLC
Ong Family Living Trust
Quit Claim Deed
—
Jun 25, 2013
—
107 LLC
Ong,stanley
Grant Deed
—
Mar 1, 2005
—
Ong Family Trust
Ong,raymond W
Quit Claim Deed
related
—
Sep 22, 2003
—
Ong,tr
Ong,james M
Quit Claim Deed
related
—
May 17, 2001
—
Victoria J Ong
Ong Trust
Quit Claim Deed
related
—
Jan 17, 1995
—
Ong Trust
Ong,calvin D & Ellen M
Quit Claim Deed
related
—
Oct 30, 1961
—
—
—
Grant Deed
related
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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