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Property profile & analytics
OFF-MARKET
Estimated value
$3,975,000
Apartment buildings
280 Alamos Ave Clovis, CA 93612-3673
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US10-3172112
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1972
Construction
WOOD
Total area
44,694 SF
Lot
2.21 ac (96,280 SF)
Zoning code
R3
APN
499-230-29
UPID
US10-3172112
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
-
Royal Villa Apartments LLC - Clovis Preferred Properties Apartment Building Apartment Complex
-
Tekpro Pc IT Consulting Firm (Bike/Boat/Book/etc) Store
-
Karri barnaba Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.80M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.72M
Blend (final)
Blend
$3.98M
Owner & transaction history
David H Hussain · 1 yrs held
David H Hussain
since 2025
Last sale
$4.2M
7 recorded transactions
Zoning & alternative use
R3 · Clovis, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$6.6M
+11.9%
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 Clovis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Clovis 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
$3,895,000
ML approach
$3,795,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$5,865,000
Current use
AUTO REPAIR, GARAGE
$6,560,000
Change: +12% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$4,760,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$3.98M
Range $3.58M – $4.37M · ±10% · vs last sale $4.23M (May 14 2025)
Last sale anchor
$4.23M
May 14 2025
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
$89 / 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
$56,894
Tax year 2023
Assessed value
$4,718,655
Assessed 2023
Previous assessed
$4,718,655
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$625,210
Assessed improvement
$4,093,445
Applied tax rate
1.0000
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
1972
Construction
WOOD
Heating
NONE
Cooling
REFRIGERATOR
Stories
2
Units
64
Bathrooms
64
Total area
44,694 SF
Lot
2.21 ac (96,280 SF)
Zoning code
R3
APN
499-230-29
UPID
US10-3172112
Jurisdiction
FRESNO
Zoning & alternative use
R3 · Clovis, CA
Zoning R3 · permitted uses
R3 · Clovis, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Clovis. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$5.9M
AUTO REPAIR, GARAGE
Est. value
$6.6M
INDUSTRIAL (GENERAL)
Est. value
$4.8M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
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
1972
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Units
64
Bathrooms
64
Lot
2.21 ac
Current owner
From public records · entity-resolved
David H Hussain
Individual
Mailing address
2548 N BUNDY DR, FRESNO, CA 93727-8624
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
21 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 14, 2025
—
David H Hussain
David H Hussain
Deed
related
$5,890,000 · Jpmorgan Chase Bank NA
Nov 18, 2020
—
David H Hussain
David H Hussain
Intrafamily Transfer
related
$4,060,000 · Banner Bank
Jun 23, 2017
—
David H Hussain
—
Deed
related
$3,067,500 · Banner Bank
Mar 3, 2017
—
Hussain,david H Trust
—
Deed
related
$600,000 · Taj-eldin Family Trust (pt)
Nov 18, 2016
—
Hussain,david H Trust
Hussain,david H
Quit Claim Deed
related
—
Sep 19, 2013
—
Hussain,david Trust
Hussain,david H
Quit Claim Deed
related
—
Jul 25, 2006
—
Hussain Ayad Family Trust
Hussain Trust
Quit Claim Deed
—
Apr 28, 2006
—
Hussain Trust
Hussain Ayad Family Trust
Quit Claim Deed
—
Apr 21, 2006
$4,230,000
Hussain Ayad Family Trust
Royal Villa Apartments LLC
Grant Deed
$1,000,000 · Citibank West Fsb
Jun 10, 2003
—
Royal Villa Apartments LLC
Web Service Co INC
Quit Claim Deed
related
—
Jun 10, 2003
$2,950,000
Royal Villa Apartments LLC
Campoy,robert & Marian
Grant Deed
$1,950,000 · Citibank West Fsb
Jan 5, 2001
$1,466,000
Royal Villa Alamos LLC
Portland Pacific Properties Ll
Grant Deed
$951,000 · Washington Mutual Fsb
Sep 3, 1999
$1,152,000
Portland Pacific Properties
Washington Mutual Fsb
Grant Deed
$921,600 · Washington Mutual Fsb
May 28, 1999
$903,510
Washington Mutual Fsb
Barbara L Ahlberg Trustee
Trustees Deed
related
—
Jul 6, 1998
$1,000
Timothy W Bundy
Ahlberg Trust
Trustees Deed
related
—
Sep 1, 1994
—
Ahlberg Trust
Web Service Co
Quit Claim Deed
related
—
Sep 1, 1994
$1,950,000
Ahlberg Trust
Bundy,timothy W & Michelle M
Trustees Deed
$1,300,000 · American Savings Bank
Feb 6, 1991
$1,380,000
Timothy W Bundy
Columbia S&l Asn
Quit Claim Deed
related
$1,050,000 · Home Savings Of America
—
—
Hussain,david H Trust
—
Deed Of Trust
related
$600,000 · Taj-eldin Family Trust (pt)
—
—
Hussain,david H Trust
—
Deed Of Trust
related
$2,550,000 · American West Bank
—
—
Royal Villa Alamos LLC
—
Deed Of Trust
related
$158,000 · Portland-pacific Properties Ll
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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