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Property profile & analytics
OFF-MARKET
Estimated value
$2,390,000
Apartment buildings
5000 Marconi Ave Carmichael, CA 95608-4273
Trust Owned
6-yr Hold
Absentee Owner
Property ID
US09-3222774
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1964
Construction
WOOD
Total area
69,183 SF
Lot
2.57 ac (111,949 SF)
Zoning code
RD-30
APN
271-0180-014-0000
UPID
US09-3222774
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
$3.25M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.39M
Owner & transaction history
G,mark Tarpin 1989 Trust · 6 yrs held
G,mark Tarpin 1989 Trust
since 2020
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
RD-30 · Carmichael, 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 Carmichael submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Carmichael 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
$2,720,000
ML approach
$3,245,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.39M
Range $2.15M – $2.63M · ±10% · vs last sale $1.80M (May 18 2020)
Last sale anchor
$1.80M
May 18 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
$35 / 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
$131,927
Tax year 2024
Assessed value
$10,909,117
Assessed 2024
Previous assessed
$10,909,117
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$2,187,291
Assessed improvement
$8,721,826
Applied tax rate
54.0000
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
1964
Construction
WOOD
Heating
NONE
Buildings
2
Stories
2
Units
94
Total area
69,183 SF
Lot
2.57 ac (111,949 SF)
Zoning code
RD-30
APN
271-0180-014-0000
UPID
US09-3222774
Jurisdiction
SACRAMENTO
Zoning & alternative use
RD-30 · Carmichael, CA
Zoning RD-30 · permitted uses
RD-30 · Carmichael, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Carmichael. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1964
Construction
WOOD
Heating
NONE
Stories
2
Buildings
2
Units
94
Lot
2.57 ac
Current owner
From public records · entity-resolved
G,mark Tarpin 1989 Trust
Trust
Mailing address
3405 KENYON ST STE #411, SAN DIEGO, CA 92110-5007
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Nov 4, 2021
—
G Mark Tarpin
—
Deed
related
$8,800,000 · Cit Bank NA
May 18, 2020
—
G,mark Tarpin 1989 Trust
G Mark 1989 Trus Tarpin
Quit Claim Deed
related
$7,400,000 · Bank Of California NA
Mar 20, 2019
—
Joseph P Ramos
Ebrahimi,leida M
Quit Claim Deed
related
—
Mar 19, 2019
$9,975,000
G,mark Tarpin 1989 Trust
Mk-iil Holdings LLC
Grant Deed
related
$6,970,000 · Bank Of Ca
Oct 7, 2014
—
Mk-iii Holdings LLC
George Karadanis Ptshp
Quit Claim Deed
—
Oct 22, 1998
—
George Karadanis Partnership
Karadanis,george R & Elsie
Quit Claim Deed
related
—
Jan 26, 1994
$1,800,000
George R Karadanis
State Street Ban
Grant Deed
—
Oct 14, 1993
$2,069
State Street Bank & Trust Co
Marconi Terr Ass
Trustees 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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