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Property profile & analytics
OFF-MARKET
Estimated value
$5,635,000
Apartment buildings
6145 Fair Oaks Blvd Carmichael, CA 95608-4815
Entity Owned
1-yr Hold
Absentee Owner
Property ID
US10-2711856
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1971
Construction
WOOD
Total area
43,809 SF
Lot
2.08 ac (90,604 SF)
Zoning code
RD-40
APN
272-0242-019-0000
UPID
US10-2711856
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
-
Wooded Village Apartment Building
-
AAP Financial Financial Advisor
-
Sacektt Corporation Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.56M
Blend (final)
Blend
$5.64M
Owner & transaction history
Fair Oaks Height LLC · 1 yrs held
Fair Oaks Height LLC
since 2025
Last sale
$6.5M
7 recorded transactions
Zoning & alternative use
RD-40 · Carmichael, 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 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$9,140,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$5.64M
Range $5.07M – $6.20M · ±10% · vs last sale $6.50M (Mar 10 2025)
Last sale anchor
$6.50M
Mar 10 2025
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
$129 / 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
$79,732
Tax year 2024
Assessed value
$6,466,981
Assessed 2024
Previous assessed
$6,466,981
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$836,344
Assessed improvement
$5,630,637
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
1971
Construction
WOOD
Heating
NONE
Buildings
2
Stories
3
Units
51
Total area
43,809 SF
Lot
2.08 ac (90,604 SF)
Zoning code
RD-40
APN
272-0242-019-0000
UPID
US10-2711856
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
INDUSTRIAL (GENERAL)
Est. value
$9.1M
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
1971
Construction
WOOD
Heating
NONE
Stories
3
Buildings
2
Units
51
Lot
2.08 ac
Current owner
From public records · entity-resolved
Fair Oaks Height LLC
Entity
Mailing address
1849 CEDAR ST, BERKELEY, CA 94703-1178
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Jun 10, 2025
$6,500,000
Fair Oaks Height LLC
Joseph P Gillach
Grant Deed
$4,875,000 · Ubank
Jul 30, 2003
—
John T Hayden
Lipton,tr
Grant Deed
related
$2,856,000 · Washington Mutual Fsb
Jun 6, 1997
—
David Morval
Morval,bobbette D
Quit Claim Deed
related
—
Jun 6, 1997
$1,825,000
Morvai Trust
Katz Trust
Trustees Deed
$1,150,000 · World Savings Bank
Sep 27, 1996
—
Beryl D Mell Trustee
Mell,beryl D & Renee K
Quit Claim Deed
related
—
May 22, 1996
—
Katz Trust
Katz,matin & Lee
Quit Claim Deed
related
—
Apr 24, 1996
$468,431
Martin Katz
Bushman,ron
Trustees Deed
—
Apr 12, 1991
—
Ron Bushman
Bushman,ann
Quit Claim Deed
related
$1,550,000 · Southern California Fed'l S&l
Apr 12, 1991
$2,350,000
Sierra Managemen
Wooded Village
Trustees Deed
—
—
—
Morvai Trust
—
Deed Of Trust
related
$200,000 · Individual
—
—
Lipton Trust
—
Deed Of Trust
related
$2,250,000 · California Federal Bank
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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