New search
Property profile & analytics
OFF-MARKET
Estimated value
$15,915,000
Apartment buildings
5820 Sutter Ave Carmichael, CA 95608-2356
Entity Owned
4-yr Hold
Absentee Owner
Property ID
US09-0579451
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1972
Construction
WOOD
Total area
61,703 SF
Lot
3.55 ac (154,638 SF)
Zoning code
RD-20
APN
258-0080-015-0000
UPID
US09-0579451
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
-
The Hawthorne Apartment Complex Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.85M
CAP Approach
CAP
$12.67M
Comparable Approach
Comparable
$21.32M
Blend (final)
Blend
$15.92M
Owner & transaction history
Carmichael Apartments LLC · 4 yrs held
Carmichael Apartments LLC
since 2022
Last sale
$16.5M
7 recorded transactions
Zoning & alternative use
RD-20 · Carmichael, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$16.5M
+3.4%
Medical building
$16.1M
+0.9%
Auto repair, garage
$15.9M
+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
$11,845,000
CAP Approach
CAP Return
Estimation
6%
$13,725,000
6.5%
$12,670,000
7%
$11,765,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$15,915,000
Current use
OFFICE BUILDING
$16,460,000
Change: +3% · Conversion: Moderate
MEDICAL BUILDING
$16,065,000
Change: +1% · Conversion: Moderate
AUTO REPAIR, GARAGE
$15,930,000
Change: +0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$14,415,000
Change: -9% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$12,875,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$15.92M
Range $14.32M – $17.51M · ±10% · vs last sale $16.50M (Jan 14 2022)
Last sale anchor
$16.50M
Jan 14 2022
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
$258 / 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
$209,228
Tax year 2024
Assessed value
$17,166,600
Assessed 2024
Previous assessed
$17,166,600
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$2,080,800
Assessed improvement
$15,085,800
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
1972
Construction
WOOD
Heating
NONE
Buildings
2
Stories
2
Units
76
Total area
61,703 SF
Lot
3.55 ac (154,638 SF)
Zoning code
RD-20
APN
258-0080-015-0000
UPID
US09-0579451
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
$15.9M
OFFICE BUILDING
Est. value
$16.5M
MEDICAL BUILDING
Est. value
$16.1M
AUTO REPAIR, GARAGE
Est. value
$15.9M
COMMERCIAL (GENERAL)
Est. value
$14.4M
INDUSTRIAL (GENERAL)
Est. value
$12.9M
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
1972
Construction
WOOD
Heating
NONE
Stories
2
Buildings
2
Units
76
Lot
3.55 ac
Current owner
From public records · entity-resolved
Carmichael Apartments LLC
Entity
Mailing address
515 S FIGUEROA ST, LOS ANGELES, CA 90071-3301
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 14, 2022
$16,500,000
Carmichael Apartments LLC
29sc Terrace LP
Grant Deed
$9,070,000 · Jll Real Estate Capital LLC
May 31, 2019
$11,300,000
29sc Terrace LP
Terrace At Fair Oaks LLC
Grant Deed
related
$7,700,000 · First Foun Bk
Jan 30, 2017
$6,500,000
Terrace At Fair Oaks LLC
John Evilsizor
Grant Deed
$4,430,000 · Jpmorgan Chase Bank NA
May 3, 2016
—
John L Evilsizor
Evilsizor K A JR Trust
Quit Claim Deed
related
—
Oct 24, 2014
—
John L Evilsizor
John Evilsizor
Intrafamily Transfer
related
$4,137,000 · Americanwest Bank
Aug 22, 2000
$3,327,000
John L Evilsizor
Bridge-terrace Fair Oaks LLC
Grant Deed
$2,482,500 · California Federal Bank
Nov 5, 1999
$2,943,500
Bridge-terrace Fair Oaks LLC
Us Housing Partners LP
Grant Deed
$2,480,000 · Finova Realty Capital INC
Nov 21, 1997
—
Us Housing Partners LP
Sutter Terrace Partnership
Grant Deed
$50,000 · Deutsch Bank
—
—
John L Evilsizor
—
Deed Of Trust
related
$3,712,000 · 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.
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 5820 Sutter 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.
