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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Apartment buildings
2751 El Paso Way Chico, CA 95973-0774
Entity Owned
11-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2262275
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1975
Construction
WOOD
Total area
3,634 SF
Lot
3 ac (130,680 SF)
Zoning code
R3
APN
007-410-010-000
UPID
US09-2262275
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
-
Willow Creek Apartments #136-138, #236-238 Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$570k
CAP Approach
CAP
$645k
Comparable Approach
Comparable
$705k
Blend (final)
Blend
$640k
Owner & transaction history
Chico Willow Creek LP · 11 yrs held
Chico Willow Creek LP
since 2014
7 recorded transactions
Zoning & alternative use
R3 · Chico, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.0M
+42.1%
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 Chico submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chico 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
$570,000
CAP Approach
CAP Return
Estimation
6%
$700,000
6.5%
$645,000
7%
$600,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$715,000
Current use
COMMERCIAL (GENERAL)
$1,020,000
Change: +42% · Conversion: Moderate
Blend value · Realmo final
$640k
Range $576k – $704k · ±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
$176 / 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
$40,069
Tax year 2024
Assessed value
$2,874,409
Assessed 2024
Previous assessed
$2,874,409
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$943,987
Assessed improvement
$1,930,422
Applied tax rate
2.0000
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
1975
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
WALL UNIT
Stories
2
Units
44
Bathrooms
1
Total area
3,634 SF
Lot
3 ac (130,680 SF)
Zoning code
R3
APN
007-410-010-000
UPID
US09-2262275
Jurisdiction
BUTTE
Zoning & alternative use
R3 · Chico, CA
Zoning R3 · permitted uses
R3 · Chico, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Chico. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$715,000
COMMERCIAL (GENERAL)
Est. value
$1.0M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (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
1975
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
2
Units
44
Bathrooms
1
Lot
3 ac
Current owner
From public records · entity-resolved
Chico Willow Creek LP
Entity
Free & Clear · 11 yrs held
Mailing address
1516 S BUNDY DR STE #300, LOS ANGELES, CA 90025-2681
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 9, 2025
—
Chico Willow Creek Limited Partners
—
Deed
related
$1,000,000 · Jpmorgan Chase Bank NA
Jul 31, 2019
—
Chico Willow Creek Limited Partners
—
Deed
related
$4,400,000 · Jpmorgan Chase Bank NA
Oct 7, 2014
$4,200,000
Chico Willow Creek LP
Black Diamond Holdings LLC
Grant Deed
—
Dec 27, 2010
—
Black Diamond Holdings LLC
Kerwood Apartments LLC
Grant Deed
$3,280,000 · Centerline Mortgage Capital INC
Feb 8, 2007
—
Kerwood Apartments LLC
Garden Village Apartments LLC
Grant Deed
$3,435,000 · Washington Mutual Bank
May 1, 2003
—
Nolan L Rosall
Rosall,sharon P
Quit Claim Deed
$4,680,000 · First Regional Bank
Apr 25, 2003
—
Shimon Kabili
Garden Village LLC
Grant Deed
related
—
Dec 28, 2000
—
Garden Village LLC
Kabili,shimon
Grant Deed
$1,980,000 · California Federal Bank
Nov 21, 1997
$215,000
Hertrich Development INC
Hagan,frank & Yolanda B
Grant Deed
related
—
Dec 24, 1996
$339,000
Shimon Kabili
Laine Trust
Grant Deed
related
—
—
—
James Leach
—
Deed Of Trust
related
$255,000 · Peak Property Exchange INC
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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