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Property profile & analytics
OFF-MARKET
Estimated value
$3,395,000
Apartment buildings
1501 Madrone Ave West Sacramento, CA 95691-2694
Entity Owned
24-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1373858
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1956
Construction
WOOD
Total area
29,274 SF
Lot
1.29 ac (56,323 SF)
Zoning code
R-3
APN
008-221-023-000
UPID
US09-1373858
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
-
A113 Charitable Organization
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
Sunset Village/bird LP · 24 yrs held
Sunset Village/bird LP
since 2001
7 recorded transactions
Zoning & alternative use
R-3 · West Sacramento, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Residential-Multifamily (R-3). The R-3 Zone is intended to provide areas for a wide variety of high-density residential development. Housing types include single-unit attached, townhouses, condominiums, and apartment buildings at densities ranging from 20.1 to 50.0 units per acre. This zone also provides for public and quasi-public uses, and similar and comp…
Zone name
Residential Multifamily
General category
RESIDENTIAL
Zone area
318.96 ac
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 West Sacramento submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Sacramento 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
$116 / 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
$13,010
Tax year 2023
Assessed value
$892,115
Assessed 2023
Previous assessed
$892,115
+0.0% YoY
Effective rate
1.46%
On assessed value
Assessed land
$215,548
Assessed improvement
$676,567
Applied tax rate
4.0000
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
1956
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
WALL UNIT
Stories
2
Rooms
4
Bathrooms
1
Total area
29,274 SF
Lot
1.29 ac (56,323 SF)
Zoning code
R-3
APN
008-221-023-000
UPID
US09-1373858
Jurisdiction
YOLO
Zoning & alternative use
R-3 · West Sacramento, CAZoning R-3 · permitted uses
R-3 · West Sacramento, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Residential-Multifamily (R-3). The R-3 Zone is intended to provide areas for a wide variety of high-density residential development. Housing types include single-unit attached, townhouses, condominiums, and apartment buildings at densities ranging from 20.1 to 50.0 units per acre. This zone also provides for public and quasi-public uses, and similar and compatible uses that may be appropriate in a higher-density residential environment. This zone implements the High Density Residential General Plan Land Use Designation. ( Ord. 19-1
Zone name
Residential Multifamily
General category
RESIDENTIAL
Zone area
318.96 ac
Building & site characteristics
From public records
Year built
1956
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
2
Rooms
4
Bathrooms
1
Lot
1.29 ac
Current owner
From public records · entity-resolved
Sunset Village/bird LP
Entity
Mailing address
2677 WILLAKENZIE RD STE #3, EUGENE, OR 97401-4873
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2001
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
Jan 22, 2020
—
Sunset Village Of Bird LP
—
Deed
related
$16,224,000 · Dwight Cap
Jan 17, 2020
—
Sunset Village Of Bird LP
—
Deed
related
$16,224,000 · Dwight Cap
Nov 16, 2001
—
Sunset Village/bird LP
Mcculloch/bird Trust
Deed Of Trust
related
$5,499,000 · Ami Capital INC
—
—
Turner Land Co
—
Deed Of Trust
related
$50,000 · Individual
—
—
Turner Estate Co
—
Deed Of Trust
related
$100,000 · Frugoli Trust
—
—
Turner Land Co
—
Deed Of Trust
related
$25,000 · Individual
—
—
Sunset Village Of Bird LP
—
Deed Of Trust
related
$16,224,000 · Dwight Cap
—
—
Henry Proctor
—
Deed Of Trust
related
$700,000 · Owens Financial Group INC
—
—
Sunset Village Of Bird LP
—
Deed Of Trust
related
$16,224,000 · Dwight Cap
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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