New search
Property profile & analytics
OFF-MARKET
Estimated value
$5,920,000
Apartment buildings
5920 Van Alstine Ave Carmichael, CA 95608-5376
Entity Owned
4-yr Hold
Absentee Owner
Property ID
US09-0147544
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1985
Construction
WOOD
Total area
33,264 SF
Lot
1.76 ac (76,665 SF)
Zoning code
RD-40
APN
283-0050-071-0000
UPID
US09-0147544
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
-
Van Alstine Place Apartments Apartment Building
-
The Notary on the Go Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.66M
CAP Approach
CAP
$6.83M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.92M
Owner & transaction history
Van Alstine Apts LLC · 4 yrs held
Van Alstine Apts LLC
since 2021
Last sale
$4.3M
7 recorded transactions
Zoning & alternative use
RD-40 · Carmichael, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$8.9M
+3.4%
Medical building
$8.7M
+0.9%
Auto repair, garage
$8.6M
+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
$6,820,000
ML approach
$6,655,000
CAP Approach
CAP Return
Estimation
6%
$7,400,000
6.5%
$6,830,000
7%
$6,345,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$8,580,000
Current use
OFFICE BUILDING
$8,875,000
Change: +3% · Conversion: Moderate
MEDICAL BUILDING
$8,660,000
Change: +1% · Conversion: Moderate
AUTO REPAIR, GARAGE
$8,590,000
Change: +0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,770,000
Change: -9% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$6,940,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$5.92M
Range $5.33M – $6.51M · ±10% · vs last sale $4.30M (Dec 22 2021)
Last sale anchor
$4.30M
Dec 22 2021
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
$178 / 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
$58,970
Tax year 2024
Assessed value
$4,796,727
Assessed 2024
Previous assessed
$4,796,727
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$836,637
Assessed improvement
$3,960,090
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
1985
Construction
WOOD
Heating
NONE
Buildings
2
Stories
2
Units
36
Total area
33,264 SF
Lot
1.76 ac (76,665 SF)
Zoning code
RD-40
APN
283-0050-071-0000
UPID
US09-0147544
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
$8.6M
OFFICE BUILDING
Est. value
$8.9M
MEDICAL BUILDING
Est. value
$8.7M
AUTO REPAIR, GARAGE
Est. value
$8.6M
COMMERCIAL (GENERAL)
Est. value
$7.8M
INDUSTRIAL (GENERAL)
Est. value
$6.9M
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
1985
Construction
WOOD
Heating
NONE
Stories
2
Buildings
2
Units
36
Lot
1.76 ac
Current owner
From public records · entity-resolved
Van Alstine Apts LLC
Entity
Mailing address
4150 BUCHANAN DR, FAIR OAKS, CA 95628-6104
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Sep 1, 2022
—
Van Alstine Apts LLC
—
Deed
related
$2,450,000 · Jpmorgan Chase Bank NA
Dec 22, 2021
—
Van Alstine Apts LLC
Sandra C Brush
Intrafamily Transfer
related
—
Aug 31, 2020
—
Brush,casey A & Stacy L Trust
Casey A Brush
Quit Claim Deed
related
$2,100,000 · Jp Morgan Chase Bk
Sep 18, 2018
—
Hebel Living Trust
Hebel,gity S
Quit Claim Deed
related
—
Oct 31, 2017
$4,300,000
Brush Family Trust
Dirks Harold Trust
Grant Deed
$2,150,000 · Jp Morgan Chase Bk
Oct 31, 2017
—
Gity S Hebel
Hebel,michael S
Quit Claim Deed
related
—
Jun 11, 2004
$3,290,000
Dirks,tr
Carmichael Van Alstine LP
Grant Deed
$1,953,000 · Washington Mutual Fsb
Aug 26, 2003
$208,000
Apartments Investo Van Alstine
Hunt,lee F & Norma
Grant Deed
$1,450,000 · Washington Mutual Fsb
Aug 26, 2003
—
Carmichael Van Alstine LP
Carmichael Van Alstine LP
Quit Claim Deed
related
—
Aug 26, 2003
$517,000
Apartments Investo Van Alstine
Joachim,shirley
Grant Deed
—
Sep 15, 1989
$546,000
Carmi Vanalstine
Van Alstine Plac
Grant Deed
related
—
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 5920 Van Alstine 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.
