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Property profile & analytics
OFF-MARKET
Estimated value
$3,480,000
Apartment buildings
2411 Msn Ave Carmichael, CA 95608-4989
Entity Owned
9-yr Hold
Absentee Owner
Property ID
US09-0579454
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1992
Construction
WOOD
Total area
22,567 SF
Lot
1.08 ac (47,044 SF)
Zoning code
RD-30
APN
282-0024-012-0000
UPID
US09-0579454
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
-
The Meridian Apartments Apartment Complex Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.64M
Comparable Approach
Comparable
$2.17M
Blend (final)
Blend
$3.48M
Owner & transaction history
Cprs INC · 9 yrs held
Cprs INC
since 2016
7 recorded transactions
Zoning & alternative use
RD-30 · Carmichael, 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 Carmichael submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Carmichael 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%
$5,020,000
6.5%
$4,635,000
7%
$4,305,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$5,270,000
Change: -9% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$4,710,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$3.48M
Range $3.13M – $3.83M · ±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
$154 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$37,472
Tax year 2024
Assessed value
$3,072,135
Assessed 2024
Previous assessed
$3,072,135
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$318,590
Assessed improvement
$2,753,545
Applied tax rate
54.0000
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
1992
Construction
WOOD
Heating
CENTRAL
Buildings
2
Stories
2
Units
21
Rooms
5
Bathrooms
2
Total area
22,567 SF
Lot
1.08 ac (47,044 SF)
Zoning code
RD-30
APN
282-0024-012-0000
UPID
US09-0579454
Jurisdiction
SACRAMENTO
Zoning & alternative use
RD-30 · Carmichael, CA
Zoning RD-30 · permitted uses
RD-30 · Carmichael, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Carmichael. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$5.3M
INDUSTRIAL (GENERAL)
Est. value
$4.7M
COMMERCIAL (GENERAL)
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
1992
Construction
WOOD
Heating
CENTRAL
Stories
2
Buildings
2
Units
21
Rooms
5
Bathrooms
2
Lot
1.08 ac
Current owner
From public records · entity-resolved
Cprs INC
Entity
Mailing address
10411 OLD PLACERVILLE RD STE #220, SACRAMENTO, CA 95827-2538
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
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
Feb 24, 2022
—
Cprs INC
—
Deed
related
$2,317,000 · First Foundation Bank
Nov 30, 2016
$2,700,000
Cprs INC
Mavis L Bullock
Grant Deed
$1,875,000 · Jpmorgan Chase Bank NA
Mar 11, 2002
$1,865,000
Mike Walker Lumber Co Psp
Meridian
Grant Deed
$1,312,500 · Washington Mutual Fsb
Dec 6, 2001
—
Lagomarsino Trust
Lagomarsino,virginia C
Quit Claim Deed
related
—
Jun 10, 1999
—
Mastalski Trust
Mastlaski,mary
Quit Claim Deed
related
—
Jun 21, 1996
—
Mary Mastalski
Mastalski,casmir A
Quit Claim Deed
related
—
Jun 21, 1996
$312,000
Mastalski,mary
Meridian
Trustees Deed
related
—
Aug 15, 1990
$225,000
Meridian
Stenzel Anny S
Grant Deed
$100,000 · Seller
—
—
Meridian
—
Deed Of Trust
related
$935,000 · American Savings Bank
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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