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Property profile & analytics
OFF-MARKET
Estimated value
$12,445,000
Apartment buildings
3800 Madison Ave North Highlands, CA 95660-6317
Entity Owned
11-yr Hold
Property ID
US09-0606588
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1985
Construction
WOOD
Total area
101,897 SF
Lot
5 ac (217,800 SF)
Zoning code
RD-20
APN
228-0530-002-0000
UPID
US09-0606588
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
-
Mesa Verde Apartments an Oracle Properties Development, Inc. Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.45M
Owner & transaction history
Mesa Verde Apartments LLC · 11 yrs held
Mesa Verde Apartments LLC
since 2014
7 recorded transactions
Zoning & alternative use
RD-20 · North Highlands, 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 North Highlands submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Highlands 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$122 / 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
$98,048
Tax year 2024
Assessed value
$8,536,665
Assessed 2024
Previous assessed
$8,536,665
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$1,696,726
Assessed improvement
$6,839,939
Applied tax rate
59.0000
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 (100+ UNITS)
Status
Off-Market
Year built
1985
Construction
WOOD
Heating
NONE
Buildings
2
Stories
2
Units
144
Total area
101,897 SF
Lot
5 ac (217,800 SF)
Zoning code
RD-20
APN
228-0530-002-0000
UPID
US09-0606588
Jurisdiction
SACRAMENTO
Zoning & alternative use
RD-20 · North Highlands, CA
Zoning RD-20 · permitted uses
RD-20 · North Highlands, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Highlands. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1985
Construction
WOOD
Heating
NONE
Stories
2
Buildings
2
Units
144
Lot
5 ac
Current owner
From public records · entity-resolved
Mesa Verde Apartments LLC
Entity
Mailing address
PO BOX 895, CARMICHAEL, CA 95609-0895
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2024
—
Mesa Verde Apartments LLC
—
Deed
related
$13,583,000 · Wells Fargo Bank NA
Jul 25, 2014
—
Mesa Verde Apartments LLC
Maghbouleh,arman
Quit Claim Deed
$5,795,000 · Maghbouleh A 2012 Trust (pt)
Jul 24, 2014
—
Arman Maghbouleh
Jpmcc 2005-ldp2 Madison Apartm
Grant Deed
—
Jun 29, 2012
$4,305,000
Jpmcc 2005-ldp2 Madison
Beacon Default Mgmt INC
Trustees Deed
related
—
Feb 8, 2012
—
Margareta Cindea
Pine Tree Villa INC
Grant Deed
—
Mar 29, 2005
—
Pine Tree Villa INC
Mesa Verde Investors LLC
Grant Deed
$6,900,000 · Nomura Credit & Capital INC
Aug 16, 2000
—
Mesa Verde Investors LLC
Fsf Mesa Verde Associates LLC
Quit Claim Deed
related
—
Mar 23, 1998
—
Fsf Mesa Verde Associates
Buena Vista Land Co
Quit Claim Deed
related
—
Oct 31, 1995
$3,200,000
Buena Vista Land Co
Federal National Mortgage Assn
Grant Deed
$2,450,000 · Bank Of America
May 17, 1995
$2,800,000
Federal National Mortgage Assn
Oak-sac Associates
Trustees Deed
related
—
—
—
Oak-sac Assoc
—
Deed Of Trust
related
$4,100,000 · Civics Fed S&l
—
—
Fsf Mesa Verde Associates LLC
—
Deed Of Trust
related
$3,300,000 · Deutsch Bank
—
—
Mesa Verde Apartments LLC
—
Deed Of Trust
related
$5,756,000 · Walker & Dunlop
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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