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Property profile & analytics
OFF-MARKET
Estimated value
$4,230,000
Apartment buildings
3520 Ashlan Ave Fresno, CA 93726-3537
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US09-0272552
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1972
Construction
WOOD
Total area
42,120 SF
Lot
3.25 ac (141,570 SF)
Zoning code
RM1
APN
436-070-05
UPID
US09-0272552
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
-
Fresno California United States Apartment Building
-
Ashbrook East Apartments Apartment Complex Lodging
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.96M
Blend (final)
Blend
$4.23M
Owner & transaction history
Ashlan3520 LP · 2 yrs held
Ashlan3520 LP
since 2023
7 recorded transactions
Zoning & alternative use
RM1 · Fresno, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$6.7M
+13.6%
Auto repair, garage
$6.5M
+10.2%
Industrial (general)
$5.9M
+0.5%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$5,895,000
Current use
OFFICE BUILDING
$6,695,000
Change: +14% · Conversion: Moderate
AUTO REPAIR, GARAGE
$6,495,000
Change: +10% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$5,925,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$4.23M
Range $3.81M – $4.65M · ±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
$100 / 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
$45,993
Tax year 2023
Assessed value
$3,574,497
Assessed 2023
Previous assessed
$3,574,497
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$708,353
Assessed improvement
$2,866,144
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1972
Construction
WOOD
Heating
NONE
Cooling
REFRIGERATOR
Stories
1
Units
50
Bathrooms
50
Total area
42,120 SF
Lot
3.25 ac (141,570 SF)
Zoning code
RM1
APN
436-070-05
UPID
US09-0272552
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$5.9M
OFFICE BUILDING
Est. value
$6.7M
AUTO REPAIR, GARAGE
Est. value
$6.5M
INDUSTRIAL (GENERAL)
Est. value
$5.9M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1972
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Units
50
Bathrooms
50
Lot
3.25 ac
Current owner
From public records · entity-resolved
Ashlan3520 LP
Entity
Mailing address
PO BOX 280188, NORTHRIDGE, CA 91328-0188
Ownership since
2023
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
Dec 26, 2023
—
Ashlan3520 LP
Meganova LP
Grant Deed
$3,881,000 · Readycap Commercial LLC
Dec 30, 2019
—
Meganova LP
—
Deed
related
$2,730,000 · Homestreet Bank
Nov 30, 2016
$3,200,000
Meganova LP
Dcr Real Estate Vi Sub I LLC
Grant Deed
$2,240,000 · Banner Bank
Sep 18, 2015
$2,400,422
Dcr Real Estate Vi Sub I LLC
James W Cain
Trustees Deed
related
—
Mar 26, 2007
—
Ashbrook East Apartments LLC
Cain,james W & Angela G
Grant Deed
—
Apr 17, 2006
—
James W Cain
Cain,james W
Quit Claim Deed
related
—
Apr 13, 2006
—
James W Cain
Cain,angela G
Quit Claim Deed
related
$278,000 · Atkinson Trust
Dec 23, 2005
—
James W Cain
Cain,james W
Quit Claim Deed
related
—
Apr 25, 2005
$4,160,000
James W Cain
Drown,daniel H
Grant Deed
$2,900,000 · Tri Counties Bank
Apr 25, 2005
—
James W Cain
Cain,angela G
Quit Claim Deed
related
—
Mar 8, 2001
$1,775,000
Daniel H Drown
Deferred Exchange Svcs INC
Grant Deed
$1,250,000 · California Federal Bank
May 19, 2000
—
Deferred Exchange Services INC
Graf Joint Venture
Grant Deed
$700,000 · Seller
Jan 3, 1989
$391,500
Joint Ventu
Gardner,guy S
Grant Deed
related
—
Jan 27, 1984
$1,560,000
—
—
Grant Deed
related
—
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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