Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$8,310,000
Apartment buildings
702 Sierra Ave Woodlake, CA 93286-1249
Individually Owned
18-yr Hold
~
Est. High Equity
Property ID
US09-5900716
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2008
Construction
WOOD
Total area
60,471 SF
Lot
2.78 ac (121,096 SF)
Zoning code
R-2
APN
060-040-063-000
UPID
US09-5900716
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
-
Sierra Village Apartment Complex Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.73M
Comparable Approach
Comparable
$10.70M
Blend (final)
Blend
$8.31M
Owner & transaction history
W Sierra Ave 700 · 18 yrs held
W Sierra Ave 700
since 2007
7 recorded transactions
Zoning & alternative use
R-2 · Woodlake, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the RM districts is to provide living areas within Woodlake where development is consistent with the Woodlake general plan and is limited to medium and high density concentrations of multi-family dwellings, and where regulations are designed to promote the following, Encourage a suitable environment for family life, recognizing that a signific…
Zone name
Multifamily Residential One Unit Per 3000 Square Feet
General category
CIVIC_INSTITUTIONAL
Zone area
99.98 ac
Source
Realmo
Top alternative use upside
Medical building
$12.2M
+48.4%
Office building
$8.5M
+3.0%
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 Woodlake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Woodlake 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%
$8,370,000
6.5%
$7,725,000
7%
$7,175,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$8,220,000
Current use
MEDICAL BUILDING
$12,200,000
Change: +48% · Conversion: Moderate
OFFICE BUILDING
$8,465,000
Change: +3% · Conversion: Moderate
RETAIL STORES
$7,680,000
Change: -7% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,055,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$8.31M
Range $7.48M – $9.14M · ±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
$137 / 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
$4,502
Tax year 2024
Assessed value
$7,033,790
Assessed 2024
Previous assessed
$7,033,790
+0.0% YoY
Effective rate
0.06%
On assessed value
Assessed land
$582,070
Assessed improvement
$6,451,720
Applied tax rate
7.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
2008
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Buildings
7
Stories
2
Units
7
Total area
60,471 SF
Lot
2.78 ac (121,096 SF)
Zoning code
R-2
APN
060-040-063-000
UPID
US09-5900716
Jurisdiction
TULARE
Zoning & alternative use
R-2 · Woodlake, CAZoning R-2 · permitted uses
R-2 · Woodlake, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the RM districts is to provide living areas within Woodlake where development is consistent with the Woodlake general plan and is limited to medium and high density concentrations of multi-family dwellings, and where regulations are designed to promote the following, Encourage a suitable environment for family life, recognizing that a significant part of the multi-family population is adult, including senior citizens, Provide space for community facilities, including parks, schools, churches and other facilities that will complement the residential environment, An attractive and unique project that encompasses well-designed buildings with ample landscape and off-street parking, The conservation of valuable resources ranging from water to energy and Housing that is affordable to low- and moderate-income households and to households that have special housing needs.
Zone name
Multifamily Residential One Unit Per 3000 Square Feet
General category
CIVIC_INSTITUTIONAL
Zone area
99.98 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$8.2M
MEDICAL BUILDING
Est. value
$12.2M
OFFICE BUILDING
Est. value
$8.5M
RETAIL STORES
Est. value
$7.7M
AUTO REPAIR, GARAGE
Est. value
$7.1M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
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
2008
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
7
Units
7
Lot
2.78 ac
Current owner
From public records · entity-resolved
W Sierra Ave 700
Individual
Mailing address
20750 VENTURA BLVD STE #155, WOODLAND HILLS, CA 91364-6202
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 7, 2008
—
W Sierra Ave 700
—
Trustees Deed
related
$13,540,000 · Citicorp USA Corp
Oct 5, 2007
$452,500
W Sierra Ave 700
Vandellen L & N Trust
Grant Deed
$792,000 · United Security Bank
Feb 11, 2005
—
Joseph D Michael
Michael,shirley
Quit Claim Deed
related
—
Feb 11, 2005
$120,000
Vandellen Lubbert & N Trust
Michael,joseph D
Grant Deed
—
Aug 7, 2001
—
Joseph D Michael
Michael Mcguire & Eatough Ptsh
Quit Claim Deed
related
—
Jun 9, 1997
—
Mcgure Michael
Sage Apts
Grant Deed
related
—
Sep 27, 1996
$89,000
Sage Apts
Michael, Mcguire & Eatough
Grant Deed
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 702 Sierra Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
