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Property profile & analytics
OFF-MARKET
Estimated value
$8,560,000
Apartment buildings
2940 Eastern Ave Sacramento, CA 95821-4271
Trust Owned
Absentee Owner
Property ID
US09-1562448
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1964
Construction
WOOD
Total area
38,116 SF
Lot
1.27 ac (55,321 SF)
Zoning code
RD-30
APN
271-0111-033-0000
UPID
US09-1562448
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
-
Eastern Palms Apartments Apartment Building
-
Mark Gulegin Correctional Services Department
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.97M
CAP Approach
CAP
$9.21M
Comparable Approach
Comparable
$9.40M
Blend (final)
Blend
$8.56M
Owner & transaction history
Laird Irrevocable Trust
Laird Irrevocable Trust
since 2026
7 recorded transactions
Zoning & alternative use
RD-30 · Sacramento, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$12.0M
+10.1%
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 Sacramento submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sacramento 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
$7,655,000
ML approach
$7,970,000
CAP Approach
CAP Return
Estimation
6%
$9,980,000
6.5%
$9,210,000
7%
$8,555,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$10,860,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$11,955,000
Change: +10% · Conversion: Difficult
AUTO REPAIR, GARAGE
$9,755,000
Change: -10% · Conversion: Difficult
MEDICAL BUILDING
$9,705,000
Change: -11% · Conversion: Moderate
COMMERCIAL (GENERAL)
$9,010,000
Change: -17% · Conversion: Moderate
Blend value · Realmo final
$8.56M
Range $7.70M – $9.42M · ±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
$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 2024Property tax & assessments
Tax year 2024
Tax billed
$53,568
Tax year 2024
Assessed value
$4,406,297
Assessed 2024
Previous assessed
$4,406,297
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$669,310
Assessed improvement
$3,736,987
Applied tax rate
54.0000
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
1964
Construction
WOOD
Heating
NONE
Buildings
2
Stories
2
Units
40
Total area
38,116 SF
Lot
1.27 ac (55,321 SF)
Zoning code
RD-30
APN
271-0111-033-0000
UPID
US09-1562448
Jurisdiction
SACRAMENTO
Zoning & alternative use
RD-30 · Sacramento, CA
Zoning RD-30 · permitted uses
RD-30 · Sacramento, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sacramento. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$10.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$12.0M
AUTO REPAIR, GARAGE
Est. value
$9.8M
MEDICAL BUILDING
Est. value
$9.7M
COMMERCIAL (GENERAL)
Est. value
$9.0M
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1964
Construction
WOOD
Heating
NONE
Stories
2
Buildings
2
Units
40
Lot
1.27 ac
Current owner
From public records · entity-resolved
Laird Irrevocable Trust
Trust
Mailing address
38352 GLENVIEW DR, FREMONT, CA 94536-6723
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 9, 2026
—
Laird Irrevocable Trust
Meadors Cicero Central Valley LLC
Grant Deed
—
Dec 4, 2025
—
Meadors Cicero Central Valley LLC
—
Deed
related
$1,999,999 · City National Bank
Aug 2, 2021
—
Meadors Cicero Central Valley LLC
William J Laird III
Intrafamily Transfer
related
—
Oct 13, 2020
—
William J Laird III
—
Deed
related
$2,250,000 · Jp Morgan Chase Bk
Sep 14, 2017
$3,950,000
William J Laird III
Hebel Living Trust
Grant Deed
$2,180,000 · Jp Morgan Chase Bk
Sep 20, 2013
—
Hebel Living Trust
Hebel,michael S
Quit Claim Deed
related
—
May 6, 2011
$123,000
Michael S Hebel
Martino P T & S Family Trust
Grant Deed
—
Feb 18, 2009
—
Martino Gregg P Tr
Martino,philip T
Affidavit Of Death
related
—
Sep 27, 2008
—
Owner Name Unavailable
Owner Name Unavailable
Affidavit Of Death
related
—
Nov 14, 2007
—
Martino P T & S M Family Trust
Martino Family Trust
Quit Claim Deed
related
—
Feb 28, 2006
—
Martino Philip T & Sara Trust
Martino Philip T & S Trust
Quit Claim Deed
related
—
Oct 6, 1994
—
Martino Trust
Martino,philip T
Quit Claim Deed
related
—
Aug 24, 1994
—
Michael A Brush Trustee
Brush,michael &
Quit Claim Deed
related
—
Feb 28, 1992
$1,720,000
Michael S Hebel
Fabian,michael H
Grant Deed
$1,250,000 · World Savings & Loan
—
—
William J Laird III
—
Deed Of Trust
related
$2,250,000 · Jp Morgan Chase Bk
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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