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Property profile & analytics
OFF-MARKET
Residential income homes
2039 Simpson Ave Fresno, CA 93703-1038
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-0021791
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1952
Construction
WOOD
Total area
2,538 SF
Lot
0.2 ac (8,500 SF)
Zoning code
RM1
APN
445-032-08
UPID
US09-0021791
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
-
Westside SR22 Insurance Marketing & Advertising
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
Angelfran Investments LLC · 1 yrs held
Angelfran Investments LLC
since 2024
Last sale
$161,000
7 recorded transactions
Zoning & alternative use
RM1 · Fresno, CA
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 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
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
$2,522
Tax year 2023
Assessed value
$197,634
Assessed 2024
Previous assessed
$197,634
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$31,396
Assessed improvement
$166,238
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1952
Construction
WOOD
Heating
NONE
Cooling
REFRIGERATOR
Stories
2
Units
4
Bathrooms
4
Total area
2,538 SF
Lot
0.2 ac (8,500 SF)
Zoning code
RM1
APN
445-032-08
UPID
US09-0021791
Jurisdiction
FRESNO
Zoning & alternative use
RM1 · Fresno, CAZoning RM1 · permitted uses
RM1 · Fresno, CA
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
1952
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Units
4
Bathrooms
4
Lot
0.2 ac
Current owner
From public records · entity-resolved
Angelfran Investments LLC
Entity
Free & Clear · 1 yrs held
Mailing address
37273 WESTRIDGE AVE, PALM DESERT, CA 92211-1360
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 9, 2024
—
Angelfran Investments LLC
Martin R Braverman
Intrafamily Transfer
related
—
Oct 21, 2022
—
Martin R Braverman
Angelfran Investments LLC
Quit Claim Deed
related
—
Jul 10, 2012
—
Angelfran Investments LLC
Braverman M R & F K Trust
Grant Deed
—
Apr 2, 2012
$161,000
Braverman M R & F K Living Trust
Paloma Holdings LLC
Grant Deed
—
Dec 17, 2009
—
Paloma Holdings LLC
Truong,peter T & Theresa M
Grant Deed
—
Apr 10, 2009
$185,000
Peter T Truong
Wingo,keith L
Grant Deed
$138,750 · Countrywide Bank
Jul 20, 2005
$415,000
Sonia L Angelo
Cypress Garden Ventures LLC
Grant Deed
$332,000 · Greenpoint Mortgage Funding
Apr 20, 2005
$316,000
Paul E Norton
Western American Dev INC
Grant Deed
$237,000 · Countrywide Bank
Apr 20, 2005
—
Paul E Norton
Norton,cherie L
Quit Claim Deed
related
—
Jul 1, 2003
—
Western American Dev INC
Talsness,tr
Deed Of Trust
related
$1,100,000 · Davis Trust
Sep 9, 1998
—
Talsness Trust
Talsness,almer J & Margaret B
Quit Claim Deed
related
—
Jul 21, 1998
—
Almer J Talsness
Talsness,vaughn
Quit Claim Deed
related
—
Feb 10, 1998
—
Vaughn Talsness
Talsness Trust
Quit Claim Deed
related
—
Sep 24, 1997
—
Almer J Talsness
Kolligian,leo
Quit Claim Deed
related
—
Dec 23, 1993
—
Talsness Trust
Talsness,almer J
Quit Claim 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.
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