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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Garden apartment buildings
3171 38th Ave Sacramento, CA 95824-2426
Entity Owned
16-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3646634
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1959
Construction
WOOD
Total area
3,300 SF
Lot
0.44 ac (19,166 SF)
Zoning code
R-1-EA-4
APN
025-0231-023-0000
UPID
US09-3646634
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
$405k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$707k
Blend (final)
Blend
$530k
Owner & transaction history
3171 38th Avenue LLC · 16 yrs held
3171 38th Avenue LLC
since 2010
7 recorded transactions
Zoning & alternative use
R-1-EA-4 · Sacramento, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
$405,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$845,000
Change: -14% · Conversion: Difficult
MEDICAL BUILDING
$840,000
Change: -14% · Conversion: Moderate
Blend value · Realmo final
$530k
Range $477k – $583k · ±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
$161 / 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
$4,064
Tax year 2024
Assessed value
$253,088
Assessed 2024
Previous assessed
$253,088
+0.0% YoY
Effective rate
1.61%
On assessed value
Assessed land
$63,268
Assessed improvement
$189,820
Applied tax rate
3.0000
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1959
Construction
WOOD
Heating
NONE
Buildings
2
Stories
1
Units
8
Rooms
24
Bathrooms
8
Total area
3,300 SF
Lot
0.44 ac (19,166 SF)
Zoning code
R-1-EA-4
APN
025-0231-023-0000
UPID
US09-3646634
Jurisdiction
SACRAMENTO
Zoning & alternative use
R-1-EA-4 · Sacramento, CA
Zoning R-1-EA-4 · permitted uses
R-1-EA-4 · 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
AUTO REPAIR, GARAGE
Est. value
$845,000
MEDICAL BUILDING
Est. value
$840,000
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1
Buildings
2
Units
8
Rooms
24
Bathrooms
8
Lot
0.44 ac
Current owner
From public records · entity-resolved
3171 38th Avenue LLC
Entity
Mailing address
5115 STIRLING ST, GRANITE BAY, CA 95746-6149
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 17, 2010
$200,000
3171 38th Avenue LLC
Crp Properties INC
Grant Deed
—
Nov 6, 2009
$198,360
Crp Properties INC
California Reconveyance Co
Trustees Deed
related
—
Jun 30, 2006
—
Michael J Laba
Laba,blanca R
Quit Claim Deed
related
$350,000 · Ramirez Elena C 1998 Trust
Jun 30, 2006
$503,500
Michael J Laba
Ramirez Elena C 1998 Trust
Grant Deed
$350,000 · Ramirez Elena C 1998 Trust
Aug 5, 1998
—
Ramirez Trust
Ramirez,elean C
Quit Claim Deed
related
—
—
—
3171 38th Avenue LLC
—
Deed Of Trust
related
$270,000 · Johnson J D & J S Trust (rt)
—
—
Michael J Laba
—
Deed Of Trust
related
$65,000 · Linda M Whiteaker
—
—
3171 38th Avenue LLC
—
Deed Of Trust
related
$274,574 · Bank Of The West
—
—
Ramirez Trust
—
Deed Of Trust
related
$131,433 · Sacramento Housing & Redevelop
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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