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Property profile & analytics
OFF-MARKET
Estimated value
$7,450,000
Apartment buildings
606 Alvarado Ave Davis, CA 95616-0752
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US09-0446428
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1972
Construction
WOOD
Total area
60,000 SF
Lot
3.82 ac (166,403 SF)
Zoning code
R-2
APN
035-080-056-000
UPID
US09-0446428
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
-
Alvarado Sunset Apartment Complex Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.45M
Owner & transaction history
Sunset Davis LP Alvarado · 12 yrs held
Sunset Davis LP Alvarado
since 2014
7 recorded transactions
Zoning & alternative use
R-2 · Davis, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Davis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Davis 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$124 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$93,844
Tax year 2023
Assessed value
$6,829,928
Assessed 2023
Previous assessed
$6,829,928
+0.0% YoY
Effective rate
1.37%
On assessed value
Assessed land
$1,994,358
Assessed improvement
$4,835,570
Applied tax rate
1.0000
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
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
60,000 SF
Lot
3.82 ac (166,403 SF)
Zoning code
R-2
APN
035-080-056-000
UPID
US09-0446428
Jurisdiction
YOLO
Zoning & alternative use
R-2 · Davis, CA
Zoning R-2 · permitted uses
R-2 · Davis, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Davis. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1972
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
3.82 ac
Current owner
From public records · entity-resolved
Sunset Davis LP Alvarado
Entity
Mailing address
18853 ALLENDALE AVE, SARATOGA, CA 95070-5267
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 10, 2018
—
Alvarado Sunset Davis LP
—
Deed
related
$6,000,000 · Bank Of Nat'l Tr & Svgs
Jun 5, 2014
—
Sunset Davis LP Alvarado
Lee,shiuh-wuu & Yueh-ying
Grant Deed
—
Oct 1, 1999
—
Shiuh-wuu Lee
Lee,shiuh-wuu & Yueh-ying
Quit Claim Deed
related
—
Sep 16, 1999
$4,625,000
Shiuh-wuu Lee
Covell Properties
Grant Deed
$3,225,000 · Washington Mutual Fsb
Sep 8, 1997
—
Covell Properties
Chin,yumi
Grant Deed
related
—
Dec 28, 1990
$1,906,000
Yumi Chin
Alvarado,sunset
Grant Deed
related
$230,000 · Marcus & Millichap Real Estate
—
—
Alvarado Sunset Davis LP
—
Deed Of Trust
related
$6,000,000 · Bank Of Nat'l Tr & Svgs
—
—
Shiuh-wuu Lee
—
Deed Of Trust
related
$4,645,000 · 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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