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Property profile & analytics
OFF-MARKET
Estimated value
$3,065,000
Apartment buildings
3217 Walnut Ave Carmichael, CA 95608-3684
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US10-3272610
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1960
Construction
WOOD
Total area
18,000 SF
Lot
0.9 ac (39,149 SF)
Zoning code
RD-30
APN
271-0313-030-0000
UPID
US10-3272610
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
-
Walnut Crest Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.70M
Comparable Approach
Comparable
$2.57M
Blend (final)
Blend
$3.07M
Owner & transaction history
Walnut Crest LLC
Walnut Crest LLC
since 2025
Last sale
$3.0M
7 recorded transactions
Zoning & alternative use
RD-30 · Carmichael, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.8M
+3.4%
Medical building
$4.7M
+0.9%
Auto repair, garage
$4.7M
+0.1%
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 Carmichael submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Carmichael 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%
$4,005,000
6.5%
$3,695,000
7%
$3,430,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$4,645,000
Current use
OFFICE BUILDING
$4,800,000
Change: +3% · Conversion: Moderate
MEDICAL BUILDING
$4,685,000
Change: +1% · Conversion: Moderate
AUTO REPAIR, GARAGE
$4,650,000
Change: +0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,205,000
Change: -9% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$3,755,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$3.07M
Range $2.76M – $3.37M · ±10% · vs last sale $3.00M (Jun 30 2025)
Last sale anchor
$3.00M
Jun 30 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
$170 / 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
$44,257
Tax year 2024
Assessed value
$3,641,400
Assessed 2024
Previous assessed
$3,641,400
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$416,160
Assessed improvement
$3,225,240
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
1960
Construction
WOOD
Heating
NONE
Buildings
2
Stories
2
Units
20
Total area
18,000 SF
Lot
0.9 ac (39,149 SF)
Zoning code
RD-30
APN
271-0313-030-0000
UPID
US10-3272610
Jurisdiction
SACRAMENTO
Zoning & alternative use
RD-30 · Carmichael, CA
Zoning RD-30 · permitted uses
RD-30 · Carmichael, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Carmichael. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$4.6M
OFFICE BUILDING
Est. value
$4.8M
MEDICAL BUILDING
Est. value
$4.7M
AUTO REPAIR, GARAGE
Est. value
$4.7M
COMMERCIAL (GENERAL)
Est. value
$4.2M
INDUSTRIAL (GENERAL)
Est. value
$3.8M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1960
Construction
WOOD
Heating
NONE
Stories
2
Buildings
2
Units
20
Lot
0.9 ac
Current owner
From public records · entity-resolved
Walnut Crest LLC
Entity
Mailing address
6359 AUBURN BLVD STE B, CITRUS HEIGHTS, CA 95621-5200
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2025
$3,000,000
Walnut Crest LLC
Chestnut Oak LP
Grant Deed
$2,070,000 · Travis Cu
Apr 29, 2022
—
Chestnut Oak LP
Patricia M Riley
Grant Deed
—
Jul 15, 2021
$580,000
Mark L Bennett
Lefever Mattson
Grant Deed
—
Sep 30, 2020
$580,000
Mark L Bennett
Mattson Lefever
Grant Deed
—
Apr 6, 2015
$100,000
Lefever Mattson INC
Mccourt John R & Susan A
Grant Deed
—
Apr 1, 2015
$100,000
Daren W Dirkse
Lefever Mattson INC
Grant Deed
—
Dec 17, 2013
—
Keith A Gockel
Gockel,keith A & Anne M
Quit Claim Deed
related
—
Dec 21, 2004
$1,650,000
Keith A Gockel
Anderson 2001 Trust
Grant Deed
$1,100,000 · Washington Mutual Fsb
Oct 24, 2002
$1,022,000
Lassen Partners LLC
Inch,robert W & Jane
Grant Deed
$750,000 · Washington Mutual Fsb
Jun 26, 2002
—
Inch Trust
Inch,arlene
Quit Claim Deed
related
—
Aug 7, 1998
—
Inch,robert W & Jane
Home Savings Of America
Trustees Deed
$431,250 · Home Savings Of America
Nov 25, 1997
$495,000
Home Savings Of America
America Real Properties
Trustees Deed
related
—
Jul 10, 1996
—
Intravest Consolidated INC
Besarabich,jelena
Grant Deed
related
—
Jan 31, 1996
$190,000
Resarabich,jelena
Western American Dev INC
Trustees Deed
related
—
Jan 31, 1996
$10,000
Western American Dev INC
American Real Properties Inv
Trustees Deed
related
—
Apr 8, 1991
—
American Real Pr
American Real Pr
Quit Claim Deed
related
$575,000 · Home Savings Of America
—
—
American Real Pr
—
Deed Of Trust
related
$80,000 · New West Thrift & Loan
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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