New search
Property profile & analytics
OFF-MARKET
Estimated value
$3,230,000
Apartment buildings
5608 Cypress Ave Carmichael, CA 95608-6614
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US09-3362925
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1970
Construction
WOOD
Total area
13,730 SF
Lot
0.85 ac (36,963 SF)
Zoning code
RD-20
APN
258-0021-016-0000
UPID
US09-3362925
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
$4.29M
CAP Approach
CAP
$2.82M
Comparable Approach
Comparable
$4.14M
Blend (final)
Blend
$3.23M
Owner & transaction history
Cm Cypress LLC · 6 yrs held
Cm Cypress LLC
since 2020
Last sale
$2.8M
7 recorded transactions
Zoning & alternative use
RD-20 · Carmichael, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.7M
+3.4%
Medical building
$3.6M
+0.9%
Auto repair, garage
$3.5M
+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
$4,225,000
ML approach
$4,290,000
CAP Approach
CAP Return
Estimation
6%
$3,055,000
6.5%
$2,820,000
7%
$2,620,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,540,000
Current use
OFFICE BUILDING
$3,665,000
Change: +3% · Conversion: Moderate
MEDICAL BUILDING
$3,575,000
Change: +1% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,545,000
Change: +0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,205,000
Change: -9% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$2,865,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$3.23M
Range $2.91M – $3.55M · ±10% · vs last sale $2.80M (Jan 28 2020)
Last sale anchor
$2.80M
Jan 28 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
$235 / 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
$26,535
Tax year 2024
Assessed value
$2,171,207
Assessed 2024
Previous assessed
$2,171,207
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$348,464
Assessed improvement
$1,822,743
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
1970
Construction
WOOD
Heating
NONE
Buildings
2
Stories
1
Units
18
Total area
13,730 SF
Lot
0.85 ac (36,963 SF)
Zoning code
RD-20
APN
258-0021-016-0000
UPID
US09-3362925
Jurisdiction
SACRAMENTO
Zoning & alternative use
RD-20 · Carmichael, CA
Zoning RD-20 · permitted uses
RD-20 · 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
$3.5M
OFFICE BUILDING
Est. value
$3.7M
MEDICAL BUILDING
Est. value
$3.6M
AUTO REPAIR, GARAGE
Est. value
$3.5M
COMMERCIAL (GENERAL)
Est. value
$3.2M
INDUSTRIAL (GENERAL)
Est. value
$2.9M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
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
1970
Construction
WOOD
Heating
NONE
Stories
1
Buildings
2
Units
18
Lot
0.85 ac
Current owner
From public records · entity-resolved
Cm Cypress LLC
Entity
Mailing address
PO BOX 632, ROSEVILLE, CA 95661-0632
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 28, 2020
$2,800,000
Cm Cypress LLC
Plenert Sisters LLC
Grant Deed
$1,960,000 · Safe FCU
Dec 5, 2019
—
Plenert Sisters LLC
Macdonald Trust
Quit Claim Deed
related
—
Jun 15, 2017
—
George J Plenert
Plenert,ida
Affidavit Of Death
related
—
Jun 25, 2013
—
Plenert Sisters LLC
Macdonald Family Trust
Grant Deed
related
—
Oct 9, 2007
—
Macdonald Trust
Macdonald,perry A & Doris P
Quit Claim Deed
related
—
May 11, 2004
—
Maxwell,tr
Maxwell,linda P
Quit Claim Deed
related
—
Jul 10, 1991
$500,000
Helen Plenert
Plenert,george J
Grant Deed
related
$500,000 · Seller
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 5608 Cypress Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
