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Property profile & analytics
OFF-MARKET
Estimated value
$1,150,000
Apartment buildings
608 Hammond Ave Fresno, CA 93728-2217
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-3643293
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1951
Construction
WOOD
Total area
6,606 SF
Lot
0.32 ac (13,800 SF)
Zoning code
RM1
APN
450-153-14
UPID
US09-3643293
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.26M
CAP Approach
CAP
$1.17M
Comparable Approach
Comparable
$1.27M
Blend (final)
Blend
$1.15M
Owner & transaction history
Samson K Kwong · 4 yrs held
Samson K Kwong
since 2021
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
RM1 · Fresno, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.6M
+63.3%
Medical building
$1.3M
+39.6%
Auto repair, garage
$1.0M
+7.1%
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 Fresno submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fresno 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
$1,320,000
ML approach
$1,255,000
CAP Approach
CAP Return
Estimation
6%
$1,265,000
6.5%
$1,165,000
7%
$1,085,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$950,000
Current use
RESTAURANT
$1,555,000
Change: +63% · Conversion: Difficult
MEDICAL BUILDING
$1,330,000
Change: +40% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,020,000
Change: +7% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$930,000
Change: -2% · Conversion: Difficult
OFFICE BUILDING
$845,000
Change: -11% · Conversion: Moderate
Blend value · Realmo final
$1.15M
Range $1.04M – $1.27M · ±10% · vs last sale $1.00M (Dec 15 2021)
Last sale anchor
$1.00M
Dec 15 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
$174 / 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
$13,087
Tax year 2023
Assessed value
$1,020,000
Assessed 2023
Previous assessed
$1,020,000
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$56,100
Assessed improvement
$963,900
Applied tax rate
5.0000
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
1951
Construction
WOOD
Heating
NONE
Cooling
EVAPORATIVE
Stories
2
Units
10
Bathrooms
10
Total area
6,606 SF
Lot
0.32 ac (13,800 SF)
Zoning code
RM1
APN
450-153-14
UPID
US09-3643293
Jurisdiction
FRESNO
Zoning & alternative use
RM1 · Fresno, CA
Zoning RM1 · permitted uses
RM1 · Fresno, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fresno. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$950,000
RESTAURANT
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.0M
INDUSTRIAL (GENERAL)
Est. value
$930,000
OFFICE BUILDING
Est. value
$845,000
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
OFFICE BUILDING
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
1951
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Units
10
Bathrooms
10
Lot
0.32 ac
Current owner
From public records · entity-resolved
Samson K Kwong
Individual
Mailing address
118 107TH AVE NE UNIT B314, BELLEVUE, WA 98004-5980
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
27 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2021
$1,000,000
Samson K Kwong
Kenneth Edward Moore
Grant Deed
$700,000 · Citizens Business Bank
Dec 15, 2021
—
Samson K Kwong
—
Deed
related
$700,000 · Citizens Business Bank
Jun 6, 2019
—
Kenneth Edward Moore
—
Deed
related
$384,373 · Fresno First Bank
May 9, 2014
$497,500
Kenneth Edward Moore
Tamara Parker
Grant Deed
$373,125 · Fresno First Bank
Aug 10, 2012
—
Bdhov LP
Hovannisian D & L 2012 Trust
Grant Deed
related
—
Jun 3, 2008
$346,387
Parker Tamara Living Trust
Santa Cruz Title Co
Trustees Deed
related
—
Jan 10, 2008
—
Marty Barigian
Parimex International Ltd
Grant Deed
—
Oct 1, 2007
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Sep 11, 2007
—
Earl Mcquinn
Barigian,marty
Grant Deed
—
Aug 5, 2005
—
Marty Barigian
—
Trustees Deed
related
$125,000 · Earl T & Betty Mcquinn
Jul 22, 2005
$900,000
Marty Barigian
Parker Tamara Trust
Grant Deed
$274,957 · Parker Tamara Trust
Jul 22, 2005
—
Marty Barigian
Barigian,warren
Quit Claim Deed
related
—
Sep 8, 2004
—
Parker Tamara Trust
Parker,tamara
Quit Claim Deed
related
—
Jul 21, 2004
$625,000
Tamara Parker
Chin,allen
Grant Deed
$430,000 · World Savings Bank
Nov 5, 1999
$270,000
Allen Chin
Noorigian Trust
Grant Deed
$162,000 · Seller
Apr 28, 1994
—
Noorigian Trust
Noorigian,john &
Quit Claim Deed
related
—
Jul 8, 1975
$105,000
Noorigian,john & L Marlene Trust
—
Grant Deed
related
—
—
—
Parimex International Ltd
—
Deed Of Trust
related
$20,000 · Patricia Miller
—
—
Parimex International Ltd
—
Deed Of Trust
related
$10,000 · Bee Payne
—
—
Marty Barigian
—
Deed Of Trust
related
$10,000 · Jane Pritchard
—
—
Burton Chin
—
Deed Of Trust
related
$101,175 · Noorigian Trust
—
—
Marty Barigian
—
Deed Of Trust
related
$20,000 · Ken Baker
—
—
Marty Barigian
—
Deed Of Trust
related
$35,000 · Pices West
—
—
Marty Barigian
—
Deed Of Trust
related
$10,000 · Berna Fields-thompson
—
—
Marty Barigian
—
Deed Of Trust
related
$10,000 · Bennie & Yvonne Mclin
—
—
Marty Barigian
—
Deed Of Trust
related
$10,000 · Philip Walker
—
—
Burton Chin
—
Deed Of Trust
related
$123,756 · Don & Jerolene Akins
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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