Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2720 Forrest St Sacramento, CA 95815-1641

    • Apartment buildings
    • 3,155 SF
    • 0.47 lot acres
    OFF-MARKET
    Last Sale
    Oct 18, 2021
    $595,000
    Value Estimations
    $885,000
    Show details
    Cap Rate Potential
    4.3%
    Apartment buildings
    Location Intelligence
    Property ID
    US10-2132078
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 2720 Forrest St

    Year built
    1958
    Construction
    WOOD
    Lot size
    0.47 lot acres
    Property size
    3,155 SF
    Zone code
    R-1
    Property type
    Apartment buildings
    APN
    263-0132-027-0000
    APU
    26301320270000

    Description

    This exceptional 6-unit apartment building, located at 2720 Forrest Street in Sacramento, California, presents a compelling investment opportunity. The property boasts 3,155 square feet on a 0.47-acre lot, with a desirable R-1 zoning. Built in 1958, this single-story complex features six one-bedroom units, five of which have been recently updated with new countertops, bathroom vanities, kitchen and dining area tile, and carpeting in the living room and bedroom. Each unit includes a walk-in closet and ceiling fan, with gas stoves and electric appliances. The property also includes a large vacant lot, presenting potential for an Accessory Dwelling Unit (ADU) development to increase the unit count. A new wood fence and gate enhance the property's curb appeal. Off-street parking is provided, and on-site laundry is available. Currently operating at 100% occupancy, the property generates a substantial net operating income (NOI) of $52,673, representing a 6.35% cap rate. The asking price is $829,000, or $138,167 per unit. This property is situated in a thriving North Sacramento neighborhood, offering easy access to a variety of amenities, including restaurants, shops, parks, and major transportation routes. The strong rental market and potential for ADU development make this a highly attractive investment prospect. The property's current heating system is wall/heat air, and a new owner may wish to consider implementing a Ratio Utility Billing System (RUBS) for common area charges (sewer, water, garbage, and heating of the master water heater).

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,155,000
      ML approach
      $1,025,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $825,000
      6.5%
      $760,000
      7%
      $710,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,216,000
      Market price range: $690k - $1.22M
      AI Estimate
      $833,000
      Market price range: $296k - $958k

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $920,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $990,000
      Change: +7% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $805,000
      Change: -12% Conversion: Difficult
      MEDICAL BUILDING
      $805,000
      Change: -13% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $745,000
      Change: -19% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Sacramento
    County
    Sacramento
    State
    California
    Longitude
    -121.454
    Latitude
    38.6172
    CBSA code
    40900
    CBSA name
    SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $8,031
    $166,464
    $452,574
    $619,038
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $6,825,000
      22,074 SF

      2663 Altos Ave

      APARTMENT HOUSE (5+ UNITS) • 22,074 SF
      2663 Altos Ave, Sacramento, CA 95815-1638
      View Details
    • Value Estimation by Request
      390,860 SF

      1481 Exposition Blvd

      APARTMENT HOUSE (100+ UNITS) • 390,860 SF
      1481 Exposition Blvd, Sacramento, CA 95815-5102
      View Details
    • Value Estimation
      $770,000
      2,748 SF

      796 Lampasas Ave

      APARTMENT HOUSE (5+ UNITS) • 2,748 SF
      796 Lampasas Ave, Sacramento, CA 95815-2240
      View Details
    • Value Estimation
      $1,375,000
      5,258 SF

      2848 Del Paso Blvd

      APARTMENT HOUSE (5+ UNITS) • 5,258 SF
      2848 Del Paso Blvd, Sacramento, CA 95815-2361
      View Details
    • Value Estimation
      $1,365,000
      5,530 SF

      2573 Rio Linda Blvd

      APARTMENT HOUSE (5+ UNITS) • 5,530 SF
      2573 Rio Linda Blvd, Sacramento, CA 95815-2269
      View Details
    • Value Estimation
      $3,645,000
      5,244 SF

      2059 Royal Oaks Dr

      APARTMENT HOUSE (5+ UNITS) • 5,244 SF
      2059 Royal Oaks Dr, Sacramento, CA 95815-3851
      View Details

    Similar Nearby for Sale

    • $2,850,000
      10,382 SF

      Darina Avenue Apartment Complex

      Sacramento Multifamily Investment Opportunity
      714 Darina Ave, Sacramento, CA 95815
      View Details
    • $3,900,000
      14,496 SF

      City View Terrace Apartments

      Sacramento Multifamily Investment
      2732 Rio Linda Blvd, Sacramento, CA 95815
      View Details
    • $739,888
      2,782 SF

      Sacramento Multifamily Property with Amenities

      Multifamily property featuring multiple units, kitchens, and laundry facilities.
      3135 Academy Way, Sacramento, CA 95815
      View Details
    • $1,300,000
      4,048 SF

      8-Unit Multifamily Property For Sale

      8-Unit Multifamily Property For Sale
      2382 Boxwood ST, SACRAMENTO, CA 95815
      View Details
    • $1,590,000
      7,136 SF

      Fully Rented Two 4-Plexes For Sale

      Fully Rented Two 4-Plexes For Sale
      717 Lampasas AVE, SACRAMENTO, CA 95815
      View Details
    • $450,000
      1,080 SF

      Great Value for C2 Commercial Property

      Great Value for C2 Commercial Property
      3090 Marysville Boulevard, Sacramento, CA 95815
      View Details

    Similar Nearby for Lease

    • $3,500 /Mo
      720 SF

      Commercial Lot, Approved by DMV for a Car Lot

      Commercial Lot, Approved by DMV for a Car Lot
      Auburn Blvd, Sacramento, CA 95815
      View Details
    • $9 SF/Yr
      46,596 SF

      1800-1832 Tribute Rd

      Distribution properties • 46,596 SF
      1800-1832 Tribute Rd, Sacramento, CA 95815
      View Details
    • Contact for pricing
      35,370 SF

      Sacramento Warehouse Space Available

      Large warehouse, multiple units, ideal for business.
      1767-1791 Tribute Rd, Sacramento, CA 95815
      View Details
    • Contact for pricing
      16,116 SF

      Retail Space on Arden Way

      Retail spaces available on high-traffic Arden Way near Arden Fair.
      1690-1696 Arden Way, Sacramento, CA 95815
      View Details
    • $2 SF/Yr
      32,662 SF

      Sacramento Office Space for Lease

      Office space in a unique campus setting near Downtown.
      2251 Harvard St, Sacramento, CA 95815
      View Details
    • Contact for pricing
      4,229 SF

      Sacramento Flex Industrial Units

      Move-in ready office and flexible industrial units for rent.
      1800 Tribute Rd, Sacramento, CA 95815
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2720 Forrest St
    Sacramento, CA 95815-1641
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.