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Property profile & analytics
OFF-MARKET
Estimated value
$5,195,000
Apartment buildings
2830 Mls Park Dr Rancho Cordova, CA 95670-5506
Entity Owned
9-yr Hold
Property ID
US09-0594295
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1959
Construction
WOOD
Total area
33,464 SF
Lot
1.79 ac (77,972 SF)
Zoning code
HDR (FBSP)
APN
072-0140-011-0000
UPID
US09-0594295
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.87M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.20M
Owner & transaction history
Metta Holdings LLC · 9 yrs held
Metta Holdings LLC
since 2016
7 recorded transactions
Zoning & alternative use
HDR (FBSP) · Rancho Cordova, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district designates property for the development of residential uses with a density between 20.1 and 40.0 dwelling units per acre. The HDR district is intended for higher density residential development, such as apartments, condominiums, lofts, and other multi-story residential uses. This district is typically located along major roadways and transit co…
Zone name
High Density Residential Folsom Boulevard Specific Plan
General category
RESIDENTIAL
Zone area
29.86 ac
Source
Realmo
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 Rancho Cordova submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rancho Cordova 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%
$7,445,000
6.5%
$6,870,000
7%
$6,380,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$8,640,000
Change: -10% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,815,000
Change: -18% · Conversion: Moderate
RETAIL STORES
$7,700,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$5.20M
Range $4.68M – $5.71M · ±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
$155 / 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
$51,751
Tax year 2024
Assessed value
$4,332,516
Assessed 2024
Previous assessed
$4,332,516
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$1,019,492
Assessed improvement
$3,313,024
Applied tax rate
8.0000
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
1959
Construction
WOOD
Heating
NONE
Buildings
2
Stories
2
Units
54
Total area
33,464 SF
Lot
1.79 ac (77,972 SF)
Zoning code
HDR (FBSP)
APN
072-0140-011-0000
UPID
US09-0594295
Jurisdiction
SACRAMENTO
Zoning & alternative use
HDR (FBSP) · Rancho Cordova, CAZoning HDR (FBSP) · permitted uses
HDR (FBSP) · Rancho Cordova, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district designates property for the development of residential uses with a density between 20.1 and 40.0 dwelling units per acre. The HDR district is intended for higher density residential development, such as apartments, condominiums, lofts, and other multi-story residential uses. This district is typically located along major roadways and transit corridors near and adjacent to or within service and employment centers. High density residential development is designed to be pedestrian- and transit-friendly
Zone name
High Density Residential Folsom Boulevard Specific Plan
General category
RESIDENTIAL
Zone area
29.86 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$8.6M
COMMERCIAL (GENERAL)
Est. value
$7.8M
RETAIL STORES
Est. value
$7.7M
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
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
1959
Construction
WOOD
Heating
NONE
Stories
2
Buildings
2
Units
54
Lot
1.79 ac
Current owner
From public records · entity-resolved
Metta Holdings LLC
Entity
Mailing address
PO BOX 417127, SACRAMENTO, CA 95841-7127
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
24 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 21, 2022
—
Metta Holdings LP
—
Deed
related
$11,285,000 · Berkadia Commercial Mortgage LLC
Apr 6, 2022
—
Metta Holdings LP
—
Deed
related
$11,285,000 · Berkadia Commercial Mortgage LLC
Mar 13, 2020
—
Metta Holdings LP
—
Deed
related
$9,075,000 · Banner Bk
Oct 14, 2016
$7,400,000
Metta Holdings LLC
Peter C Wang
Grant Deed
$5,572,500 · Banner Bank
Dec 7, 2012
$5,050,000
Peter C Wang
Nucp Rancho Cordova LLC
Grant Deed
$3,787,000 · American West Bank
May 13, 2011
—
Nucp Rancho Cordova LLC
—
Trustees Deed
related
$3,850,000 · California Bank & Trust
Sep 24, 2010
$1,800,000
Nucp Rancho Cordova LLC
First American Title Co
Trustees Deed
related
$1,100,000 · Canvasback Ventures LLC
Jul 19, 2004
—
Rishi LP
Sanwal,tr
Grant Deed
related
—
Jun 29, 2004
—
Rishi N Sanwal
Sanwal,tr
Quit Claim Deed
related
—
Jan 30, 2004
—
Rishi LP
Sanwal,tr
Grant Deed
related
—
Jan 5, 2004
—
Rishi N Sanwal
Sanwal,tr
Quit Claim Deed
related
—
Feb 6, 2001
$1,700,000
Ravi N Sanwal
2830 Mills Park Associates
Grant Deed
$1,275,000 · United Commercial Bank
May 14, 1993
—
Mills Park Drive Assoc
—
Grant Deed
related
$690,000 · Sacramento First National Bank
Dec 7, 1992
$650,000
2830 Mills Park Assoc
Dolmen Inv Ltd
Trustees Deed
related
—
—
—
Dolmen Investors
—
Deed Of Trust
related
$39,300 · Alfaro Andre
—
—
Dolmen Investors
—
Deed Of Trust
related
$10,000 · Individual
—
—
Dolmen Investors
—
Deed Of Trust
related
$34,861 · Alfaro Andre
—
—
Rishi
—
Deed Of Trust
related
$5,600,000 · Citibank West Fsb
—
—
Metta Holdings LP
—
Deed Of Trust
related
$9,075,000 · Banner Bk
—
—
2830 Mills Park Assoc
—
Deed Of Trust
related
$132,961 · Housing Authority
—
—
Dolmen Investor
—
Deed Of Trust
related
$78,000 · Alfaro Andre
—
—
Dolmen Investors
—
Deed Of Trust
related
$69,819 · Alfaro Andre
—
—
Dolmen Investors
—
Deed Of Trust
related
$35,133 · Alfaro Andre
—
—
2830 Mills Park Assoc
—
Deed Of Trust
related
$550,000 · Housing Authority
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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