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Property profile & analytics
OFF-MARKET
Estimated value
$26,945,000
Apartment buildings
5979 Devecchi Ave Citrus Heights, CA 95621-6070
Entity Owned
24-yr Hold
Absentee Owner
Property ID
US10-2716118
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1985
Total area
144,144 SF
Lot
8.64 ac (376,358 SF)
Zoning code
SPA
APN
220-0032-055-0000
UPID
US10-2716118
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
-
Hidden Oaks Apartments Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$29.60M
Comparable Approach
Comparable
$28.77M
Blend (final)
Blend
$26.95M
Owner & transaction history
Mallard Pointe Apartments LLC · 24 yrs held
Mallard Pointe Apartments LLC
since 2002
7 recorded transactions
Zoning & alternative use
SPA · Citrus Heights, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$37.5M
+8.4%
Auto repair, garage
$37.2M
+7.5%
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 Citrus Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Citrus Heights 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%
$32,065,000
6.5%
$29,600,000
7%
$27,485,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$34,615,000
Current use
MEDICAL BUILDING
$37,530,000
Change: +8% · Conversion: Moderate
AUTO REPAIR, GARAGE
$37,220,000
Change: +8% · Conversion: Difficult
COMMERCIAL (GENERAL)
$33,670,000
Change: -3% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$30,075,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$26.95M
Range $24.25M – $29.64M · ±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
$187 / 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
$136,488
Tax year 2024
Assessed value
$11,910,615
Assessed 2024
Previous assessed
$11,910,615
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$2,612,877
Assessed improvement
$9,297,738
Applied tax rate
59.0000
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
1985
Heating
NONE
Cooling
NONE
Stories
2
Units
314
Total area
144,144 SF
Lot
8.64 ac (376,358 SF)
Zoning code
SPA
APN
220-0032-055-0000
UPID
US10-2716118
Jurisdiction
SACRAMENTO
Zoning & alternative use
SPA · Citrus Heights, CA
Zoning SPA · permitted uses
SPA · Citrus Heights, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Citrus Heights. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$34.6M
MEDICAL BUILDING
Est. value
$37.5M
AUTO REPAIR, GARAGE
Est. value
$37.2M
COMMERCIAL (GENERAL)
Est. value
$33.7M
INDUSTRIAL (GENERAL)
Est. value
$30.1M
APARTMENT HOUSE (5+ UNITS) Current
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
Heating
NONE
Cooling
Yes
Stories
2
Units
314
Lot
8.64 ac
Current owner
From public records · entity-resolved
Mallard Pointe Apartments LLC
Entity
Mailing address
23622 CALABASAS RD STE #200, CALABASAS, CA 91302-1509
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2002
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
Oct 31, 2019
—
Ho Apartments LLC
—
Grant Deed
related
$3,700,000 · Berkadia Com'l Mtg
Apr 29, 2002
—
Mallard Pointe Apartments LLC
H O Apartments LLC
Grant Deed
related
—
May 17, 2001
—
H O Apartments LLC
Chatsworth/hidden Oaks LLC
Grant Deed
related
—
May 12, 1999
—
Chatsworth Lock Up LLC
Chatsworth Lock-up
Quit Claim Deed
related
$15,625,000 · Housing Authority Sacramento
Dec 3, 1998
$149,000
Railroad Canyon Center
Hidden Oaks LLC
Trustees Deed
—
Dec 3, 1998
$923,000
Summitridge Builders LLC
Hidden Oaks LLC
Trustees Deed
—
Dec 3, 1998
$700,000
Chatsworth Lock-up
Hidden Oaks LLC
Trustees Deed
—
Oct 20, 1998
$1,187,000
Hidden Oaks Investors
Arcade Creek Partners
Trustees Deed
—
Oct 20, 1998
—
Hidden Oaks LLC
Hidden Oaks Investors
Quit Claim Deed
related
$12,800,000 · City National Bank
Dec 17, 1992
—
Hidden Oaks Investors II
Arcade,creek Par
Trustees Deed
—
Dec 28, 1988
—
Hidden Oaks Inve
—
Trustees Deed
related
—
—
—
Hidden Oaks Inve
—
Deed Of Trust
related
$150,000 · Individual
—
—
Hidden Oaks Investors II
—
Deed Of Trust
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.
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