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Property profile & analytics
OFF-MARKET
Estimated value
$4,470,000
Apartment buildings
5135 El Camino Ave Carmichael, CA 95608-5077
Entity Owned
8-yr Hold
Absentee Owner
Property ID
US10-3218715
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1984
Construction
WOOD
Total area
28,522 SF
Lot
1.69 ac (73,616 SF)
Zoning code
RD-20 LC
APN
272-0290-057-0000
UPID
US10-3218715
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
-
Woodbridge Place Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.86M
Comparable Approach
Comparable
$2.89M
Blend (final)
Blend
$4.47M
Owner & transaction history
Palmer Da LLC · 8 yrs held
Palmer Da LLC
since 2018
7 recorded transactions
Zoning & alternative use
RD-20 LC · Carmichael, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$7.4M
+0.9%
Auto repair, garage
$7.4M
+0.1%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$6,345,000
6.5%
$5,855,000
7%
$5,440,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$7,355,000
Current use
MEDICAL BUILDING
$7,425,000
Change: +1% · Conversion: Moderate
AUTO REPAIR, GARAGE
$7,365,000
Change: +0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,660,000
Change: -9% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$5,950,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$4.47M
Range $4.02M – $4.92M · ±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
$157 / 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
$49,511
Tax year 2024
Assessed value
$4,096,181
Assessed 2024
Previous assessed
$4,096,181
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$796,478
Assessed improvement
$3,299,703
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
1984
Construction
WOOD
Heating
NONE
Buildings
2
Stories
2
Units
36
Total area
28,522 SF
Lot
1.69 ac (73,616 SF)
Zoning code
RD-20 LC
APN
272-0290-057-0000
UPID
US10-3218715
Jurisdiction
SACRAMENTO
Zoning & alternative use
RD-20 LC · Carmichael, CA
Zoning RD-20 LC · permitted uses
RD-20 LC · 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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$7.4M
MEDICAL BUILDING
Est. value
$7.4M
AUTO REPAIR, GARAGE
Est. value
$7.4M
COMMERCIAL (GENERAL)
Est. value
$6.7M
INDUSTRIAL (GENERAL)
Est. value
$6.0M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1984
Construction
WOOD
Heating
NONE
Stories
2
Buildings
2
Units
36
Lot
1.69 ac
Current owner
From public records · entity-resolved
Palmer Da LLC
Entity
Mailing address
2514 JAMACHA RD STE #502, EL CAJON, CA 92019-4492
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 14, 2018
—
Palmer Da LLC
Palmer Da LLC
Quit Claim Deed
related
$2,500,000 · Greystone Svcg
Apr 27, 2017
$36,000
Palmer Da LLC
Michael T Neal
Grant Deed
$2,265,000 · Jpmorgan Chase Bank NA
Nov 1, 1999
$1,745,000
Michael T Neal
Kelley,elizabeth C
Grant Deed
$1,177,875 · Washington Mutual Fsb
Aug 20, 1992
—
Elizabeth C Kelley
Behling Trust
Grant Deed
$950,000 · Home Savings Of America
—
—
Michael T Neal
—
Deed Of Trust
related
$790,520 · Bank Of Sacramento
—
—
Michael T Neal
—
Deed Of Trust
related
$70,000 · John Area
—
—
Michael T Neal
—
Deed Of Trust
related
$900,000 · Bank Of Sacramento
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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