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Property profile & analytics
OFF-MARKET
Estimated value
$16,245,000
Apartment buildings
5820 Fair Oaks Blvd Carmichael, CA 95608-5240
Entity Owned
6-yr Hold
Absentee Owner
Property ID
US09-0469031
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1971
Construction
WOOD
Total area
89,098 SF
Lot
4.93 ac (214,750 SF)
Zoning code
RD-40
APN
283-0050-061-0000
UPID
US09-0469031
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
-
Abby Creek Apartments Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$18.30M
Comparable Approach
Comparable
$14.43M
Blend (final)
Blend
$16.25M
Owner & transaction history
Abby Creek Apartments LP · 6 yrs held
Abby Creek Apartments LP
since 2019
7 recorded transactions
Zoning & alternative use
RD-40 · Carmichael, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$23.8M
+3.4%
Medical building
$23.2M
+0.9%
Auto repair, garage
$23.0M
+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%
$19,820,000
6.5%
$18,295,000
7%
$16,990,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$22,980,000
Current use
OFFICE BUILDING
$23,770,000
Change: +3% · Conversion: Moderate
MEDICAL BUILDING
$23,195,000
Change: +1% · Conversion: Moderate
AUTO REPAIR, GARAGE
$23,005,000
Change: +0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$20,810,000
Change: -9% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$18,590,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$16.25M
Range $14.62M – $17.87M · ±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
$182 / 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
$303,161
Tax year 2024
Assessed value
$24,848,282
Assessed 2024
Previous assessed
$24,848,282
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$1,876,352
Assessed improvement
$22,971,930
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 (100+ UNITS)
Status
Off-Market
Year built
1971
Construction
WOOD
Heating
NONE
Buildings
2
Stories
2
Units
114
Total area
89,098 SF
Lot
4.93 ac (214,750 SF)
Zoning code
RD-40
APN
283-0050-061-0000
UPID
US09-0469031
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$23.0M
OFFICE BUILDING
Est. value
$23.8M
MEDICAL BUILDING
Est. value
$23.2M
AUTO REPAIR, GARAGE
Est. value
$23.0M
COMMERCIAL (GENERAL)
Est. value
$20.8M
INDUSTRIAL (GENERAL)
Est. value
$18.6M
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
1971
Construction
WOOD
Heating
NONE
Stories
2
Buildings
2
Units
114
Lot
4.93 ac
Current owner
From public records · entity-resolved
Abby Creek Apartments LP
Entity
Mailing address
1654 THE ALAMEDA STE #100, SAN JOSE, CA 95126-2205
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 18, 2019
$23,175,000
Abby Creek Apartments LP
Abby Creek Wildwood LP
Grant Deed
related
—
Aug 19, 2013
$5,750,000
Deancurt Carmichael LLC
Atherton Carmichael Apartments
Grant Deed
$13,000,000 · Td Bank NA
Nov 16, 2009
$85,000
Atherton Carmichael Apartments LLC
Kenneth Wayne Rice
Grant Deed
—
Mar 9, 2007
—
Black Marilyn R Trust
Clark,marilyn R
Grant Deed
related
—
Nov 9, 2005
—
Fosters Service Co
Atherton Apartments
Grant Deed
related
—
Mar 26, 2002
—
Reitzell Trust
Reitzell,jeanie
Quit Claim Deed
related
—
Nov 21, 2001
$5,425,000
Rice Trust
Rader,richard E
Grant Deed
$4,425,000 · California Federal Bank
Nov 21, 2001
—
Richard E Rader
Gardens,ranells
Grant Deed
related
—
—
—
Ranells Gardens LP
—
Deed Of Trust
related
$1,000,000 · American Savings Bank
—
—
Deancurt Carmichael LLC
—
Deed Of Trust
related
$5,175,000 · Lenox Financial
—
—
Rice K W & S S 1991 Trust
—
Deed Of Trust
related
$5,400,000 · Citibank West Fsb
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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