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Property profile & analytics
OFF-MARKET
Estimated value
$14,740,000
Apartment buildings
339 Bell Ave Sacramento, CA 95838-2163
Entity Owned
1-yr Hold
Absentee Owner
Property ID
US09-0569605
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1991
Construction
WOOD
Total area
84,606 SF
Lot
5.46 ac (237,837 SF)
Zoning code
R-2A-R
APN
237-0304-010-0000
UPID
US09-0569605
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
$20.45M
Comparable Approach
Comparable
$16.08M
Blend (final)
Blend
$14.74M
Owner & transaction history
Bellwood Park Owner LP · 1 yrs held
Bellwood Park Owner LP
since 2025
Last sale
$14.5M
7 recorded transactions
Zoning & alternative use
R-2A-R · 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
by Request
CAP Approach
CAP Return
Estimation
6%
$22,150,000
6.5%
$20,445,000
7%
$18,985,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$21,650,000
Change: -14% · Conversion: Difficult
MEDICAL BUILDING
$21,545,000
Change: -14% · Conversion: Moderate
Blend value · Realmo final
$14.74M
Range $13.27M – $16.21M · ±10% · vs last sale $14.50M (Feb 2 2025)
Last sale anchor
$14.50M
Feb 2 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
$174 / 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
$10,626
Tax year 2024
Assessed value
$7,033,911
Assessed 2024
Previous assessed
$7,033,911
+0.0% YoY
Effective rate
0.15%
On assessed value
Assessed land
$2,135,291
Assessed improvement
$4,898,620
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1991
Construction
WOOD
Heating
NONE
Buildings
2
Stories
2
Units
76
Total area
84,606 SF
Lot
5.46 ac (237,837 SF)
Zoning code
R-2A-R
APN
237-0304-010-0000
UPID
US09-0569605
Jurisdiction
SACRAMENTO
Zoning & alternative use
R-2A-R · Sacramento, CA
Zoning R-2A-R · permitted uses
R-2A-R · 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
$21.7M
MEDICAL BUILDING
Est. value
$21.5M
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
1991
Construction
WOOD
Heating
NONE
Stories
2
Buildings
2
Units
76
Lot
5.46 ac
Current owner
From public records · entity-resolved
Bellwood Park Owner LP
Entity
Mailing address
151 KALMUS DR STE J5, COSTA MESA, CA 92626-5974
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 2, 2025
$14,500,000
Bellwood Park Owner LP
Bellwood Jerron Apartments LP
Grant Deed
$14,512,445 · Nef Ms Bna Fund I LP
Dec 22, 2022
—
Bellwood Jerron Apartments LP
—
Deed
related
$14,550,000 · Citibank NA
Sep 18, 2018
—
Bellwood Jerron Apartments LP
—
Deed
related
$10,370,000 · Federal Hm Ln Mtg
Jun 1, 2012
—
Bellwood Jerron Apartments LP
Bellwood Jerron Apartments LP
Quit Claim Deed
related
—
Dec 20, 2010
$5,600,000
Bellwood Jerron Apartments LP
Murphy Kieran A
Grant Deed
—
Dec 16, 2006
—
Ornaith J Murphy
Owner Name Unavailable
Affidavit Of Death
related
—
Jul 30, 1999
$4,412,500
Kieran A Murphy
Bellwood Park Apts LLC
Grant Deed
$3,309,375 · Washington Mutual Fsb
Mar 16, 1995
—
Bellwood Park Apartments LLC
Crisp Trust
Trustees Deed
related
—
Apr 23, 1991
$107,000
Crisp Trust
B G C Dev INC
Trustees Deed
related
—
Sep 21, 1990
$2,000
Byron L Younger
Younger Byron L
Grant Deed
related
$3,160,000 · Sacramento Commercial Bank
May 18, 1988
$280,000
Byron&ja Younger
Norwo
Grant Deed
$200,000 · Delson Financial
—
—
Byron L Younger
—
Deed Of Trust
related
$3,360,000 · Sacramento Savings Bank
—
—
Bellwood Jerron Apartments LP
—
Deed Of Trust
related
$10,370,000 · Federal Home Loan Mortgage Cor
—
—
Bellwood Jerron Apartments LP
—
Loan Modification
related
$10,370,000 · Federal Hm Ln Mtg
—
—
Crisp Trust
—
Deed Of Trust
related
$600,000 · Blue Sea INC
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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