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Property profile & analytics
OFF-MARKET
Estimated value
$900,000
Apartment buildings
7979 Macarthur Blvd Oakland, CA 94605-3578
Entity Owned
~
Est. High Equity
Property ID
US09-6661673
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1963
Construction
WOOD
Total area
6,698 SF
Lot
0.2 ac (8,700 SF)
APN
40-3407-4
UPID
US09-6661673
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
$1.16M
Blend (final)
Blend
$900k
Owner & transaction history
Macarthur Park Apartments LP
Macarthur Park Apartments LP
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.3M
+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)
$1,180,000
Current use
COMMERCIAL (GENERAL)
$1,325,000
Change: +12% · Conversion: Moderate
Blend value · Realmo final
$900k
Range $810k – $990k · ±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
$134 / 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
$16,010
Tax year 2023
Assessed value
$1,160,560
Assessed 2024
Previous assessed
$1,137,810
+2.0% YoY
Effective rate
1.38%
On assessed value
Assessed land
$348,168
Assessed improvement
$812,392
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
1963
Construction
WOOD
Heating
NONE
Buildings
1
Stories
2
Units
13
Rooms
41
Bathrooms
13
Total area
6,698 SF
Lot
0.2 ac (8,700 SF)
APN
40-3407-4
UPID
US09-6661673
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
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.3M
APARTMENT HOUSE (5+ UNITS) Current
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
1963
Construction
WOOD
Heating
NONE
Stories
2
Buildings
1
Units
13
Rooms
41
Bathrooms
13
Lot
0.2 ac
Current owner
From public records · entity-resolved
Macarthur Park Apartments LP
Entity
Mailing address
1825 SAN PABLO AVE, OAKLAND, CA 94612-1517
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 20, 2025
$2,650,000
Macarthur Park Apartments LP
East Bay Capital Fund I LP
Grant Deed
$3,027,000 · Conventus LLC
Nov 8, 2019
—
East Bay Capital Fund I LP
—
Grant Deed
related
$4,600,000 · First Republic Bk
Dec 29, 2016
—
East Bay Capital Fund I LP
—
Deed
related
$4,050,000 · First Republic Bank
Oct 2, 2015
$842,500
East Bay Capital Fund I LP
1516 1st Ave LLC
Grant Deed
—
Apr 12, 2011
$750,000
1516 1st Ave LLC
7979 Macarthur Boulevard LLC
Grant Deed
$1,031,000 · Private Lender
Feb 2, 2001
$5,000
Aloha Management Corp
Mitchell,ashar
Grant Deed
related
—
Dec 10, 1998
$25,000
Ashar Mitchell
Eayrs,ernest J & Janis M
Grant Deed
—
Dec 26, 1997
$523,218
Ashar Mitchell
Eayrs,ernest J & Janis M
Grant Deed
$523,220 · Individual
Feb 16, 1994
—
Ernest J Eayrs
Field,george
Grant Deed
related
—
—
—
Aloha Management Corp
—
Deed Of Trust
related
$32,850 · Individual
—
—
Ernest J Eayrs
—
Deed Of Trust
related
$498,000 · Individual
—
—
Aloha Management Corp
—
Deed Of Trust
related
$271,985 · Individual
—
—
Aloha Management Corp
—
Deed Of Trust
related
$226,649 · T-1 Electric INC
—
—
1516 1st Ave LLC
—
Deed Of Trust
related
$1,600,000 · Standard Insurance Co
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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