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Property profile & analytics
OFF-MARKET
Estimated value
$4,720,000
Apartment buildings
5800 Fair Oaks Blvd Carmichael, CA 95608-5268
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US10-3224647
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1964
Construction
WOOD
Total area
31,798 SF
Lot
1.18 ac (51,400 SF)
Zoning code
RD-40
APN
283-0050-034-0000
UPID
US10-3224647
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
-
Shelfield Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.53M
Comparable Approach
Comparable
$3.25M
Blend (final)
Blend
$4.72M
Owner & transaction history
Mj2 Investors LLC
Mj2 Investors LLC
since 2025
Last sale
$4.2M
7 recorded transactions
Zoning & alternative use
RD-40 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$7,075,000
6.5%
$6,530,000
7%
$6,065,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$7,430,000
Change: -9% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$6,635,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$4.72M
Range $4.25M – $5.19M · ±10% · vs last sale $4.15M (Dec 30 2025)
Last sale anchor
$4.15M
Dec 30 2025
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
$148 / 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
$56,843
Tax year 2024
Assessed value
$4,607,731
Assessed 2024
Previous assessed
$4,607,731
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$785,872
Assessed improvement
$3,821,859
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
40
Total area
31,798 SF
Lot
1.18 ac (51,400 SF)
Zoning code
RD-40
APN
283-0050-034-0000
UPID
US10-3224647
Jurisdiction
SACRAMENTO
Zoning & alternative use
RD-40 · Carmichael, CA
Zoning RD-40 · permitted uses
RD-40 · 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
COMMERCIAL (GENERAL)
Est. value
$7.4M
INDUSTRIAL (GENERAL)
Est. value
$6.6M
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
1964
Construction
WOOD
Heating
NONE
Stories
2
Buildings
2
Units
40
Lot
1.18 ac
Current owner
From public records · entity-resolved
Mj2 Investors LLC
Entity
Mailing address
6359 AUBURN BLVD STE B, CITRUS HEIGHTS, CA 95621-5200
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2025
$4,150,000
Mj2 Investors LLC
Scotch Pine LP
Grant Deed
$4,430,995 · Arv Finance INC
Nov 2, 2021
—
Scotch Pine LP
Odette L Mittone
Grant Deed
—
Jun 14, 2017
—
Alex J Leonardini
Leonardini,richard J
Quit Claim Deed
related
—
Dec 14, 2016
—
Goodwin,k L & R V Living Trust
Goodwin,kevin L & Racquel V
Quit Claim Deed
related
—
May 9, 2006
—
Gralee Properties LLC
Lanza Kenneth L & M Trust
Grant Deed
—
Jul 28, 2005
—
Howard H Balsdon
Balsdon,dorian
Quit Claim Deed
related
—
Jul 28, 2005
$3,360,000
Randall D Roth
Lefever Mattson Corp
Grant Deed
$2,300,000 · Washington Mutual Bank
Jul 28, 2005
$95,000
Lefever-mattson INC
Murphy,jeffrey B
Grant Deed
—
Apr 15, 2003
—
Cindy Green
Green,thomas W
Quit Claim Deed
related
$1,863,000 · Washington Mutual Fsb
Jan 10, 2003
—
Craig C Mccarthy
Mccathy,tr
Quit Claim Deed
related
—
Nov 30, 1999
$1,475,000
Mcccarthy Trust
Kossner,herbert K
Grant Deed
$1,106,250 · Washington Mutual Fsb
Sep 15, 1999
—
Herbert K Kossner
Kossner Trust
Quit Claim Deed
related
—
—
—
Herbert,k Kossner Trustee
—
Deed Of Trust
related
$630,000 · American Savings Bank
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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