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Property profile & analytics
OFF-MARKET
Estimated value
$2,255,000
Apartment buildings
1030 8th St Fresno, CA 93702-3474
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US09-3718765
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1960
Construction
WOOD
Total area
12,864 SF
Lot
1 ac (43,550 SF)
Zoning code
RS5
APN
470-131-13
UPID
US09-3718765
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
$2.26M
CAP Approach
CAP
$2.33M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.26M
Owner & transaction history
Eighth St Apts LLC · 2 yrs held
Eighth St Apts LLC
since 2024
Last sale
$2.3M
7 recorded transactions
Zoning & alternative use
RS5 · Fresno, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.0M
+95.1%
Medical building
$2.6M
+66.8%
Office building
$2.0M
+31.9%
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 Fresno submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fresno 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
$2,255,000
ML approach
$2,255,000
CAP Approach
CAP Return
Estimation
6%
$2,520,000
6.5%
$2,330,000
7%
$2,160,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,550,000
Current use
RESTAURANT
$3,025,000
Change: +95% · Conversion: Difficult
MEDICAL BUILDING
$2,585,000
Change: +67% · Conversion: Moderate
OFFICE BUILDING
$2,045,000
Change: +32% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,985,000
Change: +28% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,810,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$2.26M
Range $2.03M – $2.48M · ±10% · vs last sale $2.25M (Jun 28 2024)
Last sale anchor
$2.25M
Jun 28 2024
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
$175 / 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
$9,458
Tax year 2023
Assessed value
$718,515
Assessed 2023
Previous assessed
$718,515
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$130,191
Assessed improvement
$588,324
Applied tax rate
5.0000
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
1960
Construction
WOOD
Heating
NONE
Stories
1
Units
22
Bathrooms
22
Total area
12,864 SF
Lot
1 ac (43,550 SF)
Zoning code
RS5
APN
470-131-13
UPID
US09-3718765
Jurisdiction
FRESNO
Zoning & alternative use
RS5 · Fresno, CA
Zoning RS5 · permitted uses
RS5 · Fresno, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fresno. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.6M
RESTAURANT
Est. value
$3.0M
MEDICAL BUILDING
Est. value
$2.6M
OFFICE BUILDING
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$2.0M
INDUSTRIAL (GENERAL)
Est. value
$1.8M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
INDUSTRIAL (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
1960
Construction
WOOD
Heating
NONE
Stories
1
Units
22
Bathrooms
22
Lot
1 ac
Current owner
From public records · entity-resolved
Eighth St Apts LLC
Entity
Mailing address
2311 N 4TH ST APT #219, SANTA MONICA, CA 90405-3447
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
22 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 24, 2025
—
Eight St Apts LLC
—
Deed
related
$1,000,000 · Citizens Business Bank
Jun 28, 2024
$2,254,000
Eighth St Apts LLC
Las Gardenias LLC
Grant Deed
—
Feb 21, 2020
—
Las Gardenias LLC
—
Deed
related
$655,000 · Jp Morgan Chase Bk
Oct 30, 2012
—
Las Gardenias LLC
Las Gardenias LLC
Grant Deed
related
$559,000 · Jpmorgan Chase Bank NA
Jul 2, 2012
—
Las Gardenias LLC
East Mckinley Apartments LLC
Quit Claim Deed
related
—
Jun 18, 2010
$670,000
East Mckinley Apartments LLC
East West Bank
Grant Deed
$875,000 · Federal Capital Funding LLC
Apr 19, 2010
$552,305
East West Bk
East West Investment INC
Trustees Deed
related
—
Jan 5, 2009
—
Camcart Holdings LLC
Rosenthal Family Trust
Quit Claim Deed
related
—
Jun 23, 2008
$25,000
Rosenthal Family Trust
Foothill Conveyance Corp
Trustees Deed
related
—
Jul 28, 2005
$1,285,000
Brennan Spencer
1351 95th Avenue LLC
Grant Deed
$777,000 · East West Bank
Apr 30, 2004
$895,000
1351 95th Avenue LLC
Condra-nilson
Grant Deed
—
Jan 10, 2002
—
Condra-nilson
Nilson,bjorn W
Quit Claim Deed
related
$276,500 · Washington Mutual Fsb
Apr 28, 2000
$340,000
Nilson,bjorn W
Gomez,olivia
Trustees Deed
—
Apr 28, 2000
—
Nilson,bjorn W
Curry,cynthia J
Trustees Deed
related
—
May 31, 1990
$400,000
Olivia Gomez
Gallock,lyle C
Grant Deed
$335,000 · Seller
Apr 7, 1989
$210,500
First B Chrysler
Avant Inv INC
Grant Deed
related
—
Aug 31, 1977
—
—
—
Grant Deed
related
—
—
—
Las Gardenias LLC
—
Deed Of Trust
related
$655,000 · Jp Morgan Chase Bk
—
—
Brennan Spencer
—
Deed Of Trust
related
$100,000 · Vip Trust Deed Co
—
—
1351 95th Avenue LLC
—
Deed Of Trust
related
$671,250 · Sterling Bank & Trust Fsb
—
—
1351 95th Ave LLC
—
Deed Of Trust
related
$671,250 · Sterling Bank & Trust Fsb
—
—
Olivia Gomez
—
Deed Of Trust
related
$106,066 · Transamerica Financial Svc
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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