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Property profile & analytics
OFF-MARKET
Estimated value
$13,800,000
Apartment buildings
3818 Alamos Ave Fresno, CA 93726-0868
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US09-2674582
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1971
Construction
WOOD
Total area
108,288 SF
Lot
7.12 ac (310,147 SF)
Zoning code
RM1
APN
427-020-54
UPID
US09-2674582
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
$10.28M
CAP Approach
CAP
$17.76M
Comparable Approach
Comparable
$11.57M
Blend (final)
Blend
$13.80M
Owner & transaction history
David H Hussain · 1 yrs held
David H Hussain
since 2025
Last sale
$13.5M
7 recorded transactions
Zoning & alternative use
RM1 · Fresno, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$21.8M
+43.6%
Office building
$17.2M
+13.6%
Auto repair, garage
$16.7M
+10.2%
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
$16,190,000
ML approach
$10,280,000
CAP Approach
CAP Return
Estimation
6%
$19,235,000
6.5%
$17,760,000
7%
$16,490,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$15,160,000
Current use
MEDICAL BUILDING
$21,765,000
Change: +44% · Conversion: Moderate
OFFICE BUILDING
$17,210,000
Change: +14% · Conversion: Moderate
AUTO REPAIR, GARAGE
$16,695,000
Change: +10% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$15,225,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$13.80M
Range $12.42M – $15.18M · ±10% · vs last sale $13.50M (Apr 3 2020)
Last sale anchor
$13.50M
Apr 3 2020
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
$127 / 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
$181,396
Tax year 2023
Assessed value
$14,136,248
Assessed 2023
Previous assessed
$14,136,248
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$1,051,178
Assessed improvement
$13,085,070
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 (100+ UNITS)
Status
Off-Market
Year built
1971
Construction
WOOD
Heating
NONE
Cooling
REFRIGERATOR
Stories
1
Units
104
Bathrooms
1
Total area
108,288 SF
Lot
7.12 ac (310,147 SF)
Zoning code
RM1
APN
427-020-54
UPID
US09-2674582
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
$15.2M
MEDICAL BUILDING
Est. value
$21.8M
OFFICE BUILDING
Est. value
$17.2M
AUTO REPAIR, GARAGE
Est. value
$16.7M
INDUSTRIAL (GENERAL)
Est. value
$15.2M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
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
1971
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Units
104
Bathrooms
1
Lot
7.12 ac
Current owner
From public records · entity-resolved
David H Hussain
Individual
Mailing address
11263 N GLASGOW DR, FRESNO, CA 93730-7032
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 25, 2025
—
David H Hussain
David H Hussain
Deed
related
$1,090,000 · Mechanics Bank
Apr 3, 2020
$13,500,000
David H Hussain
Meadowbrook Investors Ltd
Grant Deed
—
Dec 17, 1999
—
Meadowbrook Investors Ltd
Meadowbrook Investors Ltd
Quit Claim Deed
related
$2,680,000 · Wells Fargo Bank
Dec 22, 1989
—
Sadoughianzadeh
Peyghambari,pary
Grant Deed
related
—
Jun 12, 1984
$3,900,000
Meadowbrook Investors Ltd
Meadowbrook 116 Ltd
Grant Deed
related
$1,800,000
—
—
Meadowbrook Investors Ltd
—
Deed Of Trust
related
$2,600,000 · Mohr-rurik Capital Group
—
—
Meadowbrook Investors Ltd
—
Deed Of Trust
related
$426,540 · Individual
—
—
Meadowbrook Investors Ltd
—
Deed Of Trust
related
$2,750,000 · Newman Family Trust
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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