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Property profile & analytics
FOR SALE
Residential income homes
284 Lexington Ave, Fresno, CA 93711-6076
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1564449
For Sale
1 / 30
$875,000
284 Lexington Ave, Fresno, CA 93711-6076
View Listing →
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1981
Construction
WOOD
Total area
3,216 SF
Lot
0.22 ac (9,775 SF)
Zoning code
RM1
APN
402-084-08
UPID
US09-1564449
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
$725k
CAP Approach
CAP
$650k
Comparable Approach
Comparable
$579k
Blend (final)
Blend
$725k
Owner & transaction history
Seyla Lim · 1 yrs held
Seyla Lim
since 2024
Last sale
$725,000
7 recorded transactions
Zoning & alternative use
RM1 · Fresno, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.1M
+171.1%
Medical building
$645,000
+56.9%
Office building
$635,000
+54.6%
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 Fresno submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fresno 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
$725,000
ML approach
$725,000
CAP Approach
CAP Return
Estimation
6%
$700,000
6.5%
$650,000
7%
$600,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,115,000
Change: +171% · Conversion: Moderate
MEDICAL BUILDING
$645,000
Change: +57% · Conversion: Moderate
OFFICE BUILDING
$635,000
Change: +55% · Conversion: Moderate
AUTO REPAIR, GARAGE
$495,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$725k
Range $653k – $798k · ±10% · vs last sale $725k (Sep 5 2024)
Last sale anchor
$725k
Sep 5 2024
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
$225 / 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
$8,991
Tax year 2023
Assessed value
$754,289
Assessed 2024
Previous assessed
$754,289
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$121,726
Assessed improvement
$632,563
Applied tax rate
5.0000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
For Sale
Year built
1981
Construction
WOOD
Heating
NONE
Cooling
REFRIGERATOR
Stories
1
Units
3
Bathrooms
6
Total area
3,216 SF
Lot
0.22 ac (9,775 SF)
Zoning code
RM1
APN
402-084-08
UPID
US09-1564449
Jurisdiction
FRESNO
Zoning & alternative use
RM1 · Fresno, CA
Zoning RM1 · permitted uses
RM1 · Fresno, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fresno. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$645,000
OFFICE BUILDING
Est. value
$635,000
AUTO REPAIR, GARAGE
Est. value
$495,000
COMMERCIAL (GENERAL)
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1981
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Units
3
Bathrooms
6
Lot
0.22 ac
Current owner
From public records · entity-resolved
Seyla Lim
Individual
Mailing address
15 LUCERNE ST APT #4, SAN FRANCISCO, CA 94103-5658
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 5, 2024
—
Seyla Lim
Seyla Lim
Intrafamily Transfer
related
—
Oct 26, 2021
$725,000
Seyla Lim
Tom Collins
Grant Deed
—
Sep 23, 2021
—
Tom Collins
Marica Divizich
Intrafamily Transfer
related
—
Nov 6, 2017
—
Divizich,marica Living Trust
Divizich,marica
Quit Claim Deed
related
—
Jun 14, 2005
—
Marica Divizich
Marica Divizich
Intrafamily Transfer
related
$265,000 · Courtyard Financial INC
Nov 20, 2001
—
Divizich Trust
Divizich,marcia
Quit Claim Deed
related
—
Nov 16, 2001
—
Marcia Divizich
Divizich Trust
Quit Claim Deed
related
$192,000 · First Pacific Financial
Aug 4, 1997
—
Divizich Trust
Divizich,marica
Quit Claim Deed
related
—
Jan 6, 1997
—
Marica Divizich
Divizich,paul S
Quit Claim Deed
related
—
Nov 12, 1996
—
Paul S Divizich
Divizich Trust
Quit Claim Deed
related
—
Dec 22, 1994
—
Divizich Trust
Divizich,paul S & Marica
Quit Claim Deed
related
—
May 29, 1992
$235,000
Paul S Divizich
Tarkanian,robert
Grant Deed
$164,500 · Home Savings Of America
—
—
Marica Divizich
—
Deed Of Trust
related
$302,675 · Quicken Loans INC
—
—
Marica Divizich
—
Deed Of Trust
related
$315,000 · Flagstar Bank Fsb
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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