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Property profile & analytics
OFF-MARKET
Estimated value
$12,970,000
Apartment buildings
4743 Olive Ave Fresno, CA 93702
Individually Owned
Property ID
US09-0065230
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1978
Construction
WOOD
Total area
81,940 SF
Lot
4.08 ac (177,724 SF)
Zoning code
RM1
APN
453-331-06
UPID
US09-0065230
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
$14.83M
Comparable Approach
Comparable
$13.53M
Blend (final)
Blend
$12.97M
Owner & transaction history
Meganova L P
Meganova L P
since 2025
7 recorded transactions
Zoning & alternative use
RM1 · Fresno, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$19.3M
+95.1%
Medical building
$16.5M
+66.8%
Office building
$13.0M
+31.9%
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%
$16,065,000
6.5%
$14,830,000
7%
$13,770,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$9,875,000
Current use
RESTAURANT
$19,265,000
Change: +95% · Conversion: Difficult
MEDICAL BUILDING
$16,470,000
Change: +67% · Conversion: Moderate
OFFICE BUILDING
$13,025,000
Change: +32% · Conversion: Moderate
AUTO REPAIR, GARAGE
$12,635,000
Change: +28% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$11,520,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$12.97M
Range $11.67M – $14.27M · ±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
$158 / 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
$96,437
Tax year 2023
Assessed value
$7,498,126
Assessed 2023
Previous assessed
$7,498,126
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$656,986
Assessed improvement
$6,841,140
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
1978
Construction
WOOD
Heating
NONE
Cooling
REFRIGERATOR
Stories
2
Units
102
Bathrooms
1
Total area
81,940 SF
Lot
4.08 ac (177,724 SF)
Zoning code
RM1
APN
453-331-06
UPID
US09-0065230
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
$9.9M
RESTAURANT
Est. value
$19.3M
MEDICAL BUILDING
Est. value
$16.5M
OFFICE BUILDING
Est. value
$13.0M
AUTO REPAIR, GARAGE
Est. value
$12.6M
INDUSTRIAL (GENERAL)
Est. value
$11.5M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
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
1978
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Units
102
Bathrooms
1
Lot
4.08 ac
Current owner
From public records · entity-resolved
Meganova L P
Individual
Mailing address
PO BOX 280188, NORTHRIDGE, CA 91328-0188
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
19 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2025
—
Meganova L P
Olive4743 LP
Grant Deed
$8,700,000 · Financial Partners Cu
Nov 2, 2023
—
Olive4743 LP
Meganova LP
Grant Deed
$7,500,000 · Ready Capital Corp
Oct 4, 2019
$7,150,000
Meganova LP
Jmy Properties I LLC
Grant Deed
$5,343,750 · Homestreet Bank
Sep 23, 2019
—
Jmy Properties I LLC
—
Deed
related
$3,000,000 · Victoria Antunez
Jul 25, 2019
—
Jmy Properties I LLC
—
Deed
related
$3,400,000 · Bank Of The West
Jul 16, 2014
—
Jmy Properties I LLC
Sincock Family Trust
Grant Deed
$3,450,000 · Bank Of The West
Mar 22, 2004
$1,969,000
Sincock,tr
Smith,tr
Grant Deed
related
—
Dec 23, 2003
—
Smith,tr
Smith,michael R & Michelle D
Quit Claim Deed
related
—
Oct 27, 2003
—
Michael Smith
Webber,jeannette
Quit Claim Deed
related
—
May 20, 2003
$4,750,000
Michael Smith
Equity Alliance LLC
Grant Deed
$3,562,500 · Affinity Bank
Jan 30, 1998
—
William G Ayyad
Ayyad,alchera C
Quit Claim Deed
related
$1,218,750 · Home Savings Of America
Oct 11, 1996
$758,000
Home Savings Of America
Trimble,dennis F & Michelle J
Trustees Deed
related
—
Mar 24, 1994
$1,884,553
Dennis F Trimble
Carlmont Ltd
Grant Deed
—
Dec 11, 1986
$7,100,000
Alliance LLC|ayyad William C Equity
Home Svgs Of America Fsb
Grant Deed
related
—
—
—
Equity Alliance LLC
—
Deed Of Trust
related
$1,000,000 · Capital Alliance Funding Corp
—
—
Equity Alliance LLC
—
Deed Of Trust
related
$1,100,000 · Capital Alliance Income Trust
—
—
Jmy Properties I LLC
—
Deed Of Trust
related
$3,400,000 · Bank Of The West
—
—
Jmy Properties I LLC
—
Deed Of Trust
related
$3,000,000 · Victoria Antunez
—
—
Dennis F Trimble
—
Deed Of Trust
related
$703,223 · Home Savings Of America
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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