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Property profile & analytics
OFF-MARKET
Estimated value
$1,515,000
Apartment buildings
704 Lk St Madera, CA 93638-2536
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US10-2979914
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1972
Construction
WOOD
Total area
13,478 SF
Lot
0.55 ac (23,958 SF)
APN
004-020-015-000
UPID
US10-2979914
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
$1.37M
CAP Approach
CAP
$2.12M
Comparable Approach
Comparable
$1.56M
Blend (final)
Blend
$1.52M
Owner & transaction history
Valencia Lake Apartments LLC · 3 yrs held
Valencia Lake Apartments LLC
since 2022
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.3M
+17.8%
Office building
$2.0M
+5.0%
Industrial (general)
$2.0M
+1.3%
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 Madera submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Madera 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
$1,450,000
ML approach
$1,365,000
CAP Approach
CAP Return
Estimation
6%
$2,290,000
6.5%
$2,115,000
7%
$1,965,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,930,000
Current use
RESTAURANT
$2,275,000
Change: +18% · Conversion: Difficult
OFFICE BUILDING
$2,030,000
Change: +5% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$1,955,000
Change: +1% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,915,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$1.52M
Range $1.36M – $1.67M · ±10% · vs last sale $1.75M (Oct 6 2022)
Last sale anchor
$1.75M
Oct 6 2022
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
$112 / 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
$21,184
Tax year 2024
Assessed value
$1,794,240
Assessed 2024
Previous assessed
$1,794,240
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$244,800
Assessed improvement
$1,549,440
Applied tax rate
2.0000
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
Units
1
Rooms
64
Bathrooms
16
Total area
13,478 SF
Lot
0.55 ac (23,958 SF)
APN
004-020-015-000
UPID
US10-2979914
Jurisdiction
MADERA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.9M
RESTAURANT
Est. value
$2.3M
OFFICE BUILDING
Est. value
$2.0M
INDUSTRIAL (GENERAL)
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$1.9M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
OFFICE BUILDING
INDUSTRIAL (GENERAL)
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
1972
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
1
Rooms
64
Bathrooms
16
Lot
0.55 ac
Current owner
From public records · entity-resolved
Valencia Lake Apartments LLC
Entity
Mailing address
704 N LK ST, MADERA, CA 93638-2536
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
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
May 13, 2025
—
Valencia Lake Apartments LLC
—
Deed
related
$900,000 · Mid Valley Services INC
May 2, 2024
—
Valencia Lake Apartments LLC
—
Deed
related
$4,445,000 · Mid Valley Services INC
Jan 25, 2024
—
Valencia Lake Apartments LLC
—
Deed
related
$1,000,000 · Mid Valley Services INC
Sep 20, 2023
—
Valencia Lake Apartments LLC
—
Deed
related
$400,000 · Tri Counties Bank
Oct 6, 2022
$1,750,000
Valencia Lake Apartments LLC
Satwant S Samrao
Grant Deed
$200,000 · Satwant S Samrao Etux
Jan 8, 2019
$1,212,000
Satwant S Samrao
Postigo Robert L Trust
Grant Deed
$855,000 · Bank Of The Sierra
Jan 8, 2019
—
Owner Name Unavailable
Noblat,jacqueline M
Affidavit Of Death
related
—
Dec 15, 2009
—
Postigo Robert L Trust
Postigo,robert
Quit Claim Deed
related
—
Sep 16, 2005
$1,020,000
Robert Postigo
Serop Vartanian
Grant Deed
$600,000 · Dba San Benito Bank
Sep 16, 2005
—
Robert Fostigo
Postigo,susan
Grant Deed
related
—
Jun 10, 2003
—
Vartanian,tr
Vartanian,serop-azniew
Quit Claim Deed
related
—
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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