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Property profile & analytics
OFF-MARKET
Estimated value
$7,105,000
Apartment buildings
6004 Rutland Dr Carmichael, CA 95608-0537
Entity Owned
Absentee Owner
Property ID
US09-2465542
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1977
Construction
WOOD
Total area
30,171 SF
Lot
1.92 ac (83,635 SF)
Zoning code
RD-10
APN
236-0360-001-0000
UPID
US09-2465542
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
-
Montecito Apartments Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.20M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.11M
Owner & transaction history
Jsn Montecito LLC
Jsn Montecito LLC
since 2026
Last sale
$7.5M
7 recorded transactions
Zoning & alternative use
RD-10 · Carmichael, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$8.1M
+3.4%
Medical building
$7.9M
+0.9%
Auto repair, garage
$7.8M
+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%
$6,710,000
6.5%
$6,195,000
7%
$5,755,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$7,780,000
Current use
OFFICE BUILDING
$8,050,000
Change: +3% · Conversion: Moderate
MEDICAL BUILDING
$7,855,000
Change: +1% · Conversion: Moderate
AUTO REPAIR, GARAGE
$7,790,000
Change: +0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,050,000
Change: -9% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$6,295,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$7.11M
Range $6.39M – $7.82M · ±10% · vs last sale $7.53M (Jan 9 2026)
Last sale anchor
$7.53M
Jan 9 2026
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
$235 / 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
$65,715
Tax year 2024
Assessed value
$5,468,227
Assessed 2024
Previous assessed
$5,468,227
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$929,598
Assessed improvement
$4,538,629
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
1977
Construction
WOOD
Heating
NONE
Buildings
2
Stories
2
Units
36
Total area
30,171 SF
Lot
1.92 ac (83,635 SF)
Zoning code
RD-10
APN
236-0360-001-0000
UPID
US09-2465542
Jurisdiction
SACRAMENTO
Zoning & alternative use
RD-10 · Carmichael, CA
Zoning RD-10 · permitted uses
RD-10 · 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
$7.8M
OFFICE BUILDING
Est. value
$8.1M
MEDICAL BUILDING
Est. value
$7.9M
AUTO REPAIR, GARAGE
Est. value
$7.8M
COMMERCIAL (GENERAL)
Est. value
$7.1M
INDUSTRIAL (GENERAL)
Est. value
$6.3M
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
1977
Construction
WOOD
Heating
NONE
Stories
2
Buildings
2
Units
36
Lot
1.92 ac
Current owner
From public records · entity-resolved
Jsn Montecito LLC
Entity
Mailing address
325 W MAIN ST, LOUISVILLE, KY 40202-4254
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
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
Feb 26, 2026
—
Jsn Montecito LLC
Jagdev S Nagra
Deed
related
—
Jan 9, 2026
$7,525,000
Jagdev S Nagra
Congress LLC
Grant Deed
$2,250,000 · Citizens Equity First Cu
Apr 30, 2020
—
Congress LLC
—
Deed
related
$4,600,000 · Redwood Cu
Jul 17, 2019
—
Congress LLC
—
Deed
related
$255,000 · Vicente Reyes
Dec 18, 2018
$5,000,000
Congress LLC
Force Of Oberg Trust
Grant Deed
$3,445,000 · Western Adventist Foundation
Jan 11, 2006
—
Force Of Oberg Family Trust
Force,michael
Quit Claim Deed
related
—
Jan 17, 2002
$1,340,500
Michael Force
Low Trust
Grant Deed
$937,000 · Low Trust
Jan 17, 2002
—
Michael Force
Cornell,marsha
Grant Deed
related
—
—
—
Congress LLC
—
Deed Of Trust
related
$255,000 · Vicente Reyes
—
—
Congress LLC
—
Deed Of Trust
related
$4,600,000 · Redwood Cu
—
—
Michael Force
—
Deed Of Trust
related
$2,000,000 · Washington Mutual 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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