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Property profile & analytics
OFF-MARKET
Estimated value
$12,465,000
Apartment buildings
7711 Greenback Ln Citrus Heights, CA 95610-5832
Individually Owned
25-yr Hold
Absentee Owner
Property ID
US09-2499942
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1974
Construction
WOOD
Total area
46,352 SF
Lot
2.63 ac (114,562 SF)
Zoning code
RD20
APN
243-0520-002-0000
UPID
US09-2499942
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
-
The Renaissance Apartments Apartment Complex
-
Notarize 4 U Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.52M
Comparable Approach
Comparable
$14.39M
Blend (final)
Blend
$12.47M
Owner & transaction history
Wedgewood Commons Apartments · 25 yrs held
Wedgewood Commons Apartments
since 2001
7 recorded transactions
Zoning & alternative use
RD20 · Citrus Heights, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$12.1M
+8.4%
Auto repair, garage
$12.0M
+7.5%
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 Citrus Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Citrus Heights 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%
$10,310,000
6.5%
$9,520,000
7%
$8,840,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$11,130,000
Current use
MEDICAL BUILDING
$12,070,000
Change: +8% · Conversion: Moderate
AUTO REPAIR, GARAGE
$11,970,000
Change: +8% · Conversion: Difficult
COMMERCIAL (GENERAL)
$10,825,000
Change: -3% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$9,670,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$12.47M
Range $11.22M – $13.71M · ±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
$269 / 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
$69,545
Tax year 2024
Assessed value
$5,785,273
Assessed 2024
Previous assessed
$5,785,273
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$762,278
Assessed improvement
$5,022,995
Applied tax rate
6.0000
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 (100+ UNITS)
Status
Off-Market
Year built
1974
Construction
WOOD
Heating
NONE
Buildings
2
Stories
2
Units
300
Total area
46,352 SF
Lot
2.63 ac (114,562 SF)
Zoning code
RD20
APN
243-0520-002-0000
UPID
US09-2499942
Jurisdiction
SACRAMENTO
Zoning & alternative use
RD20 · Citrus Heights, CA
Zoning RD20 · permitted uses
RD20 · Citrus Heights, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Citrus Heights. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$11.1M
MEDICAL BUILDING
Est. value
$12.1M
AUTO REPAIR, GARAGE
Est. value
$12.0M
COMMERCIAL (GENERAL)
Est. value
$10.8M
INDUSTRIAL (GENERAL)
Est. value
$9.7M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1974
Construction
WOOD
Heating
NONE
Stories
2
Buildings
2
Units
300
Lot
2.63 ac
Current owner
From public records · entity-resolved
Wedgewood Commons Apartments
Individual
Mailing address
23622 CALABASAS RD STE #200, CALABASAS, CA 91302-1509
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2001
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 23, 2017
—
Renaissance 300 Apartments LLC
—
Loan Modification
related
$4,997,000 · Federal Nat'l Mtg Assn (fnma)
Aug 21, 2017
—
Renaissance 300 Apartments LLC
—
Loan Modification
related
$4,997,000 · Federal Nat'l Mtg Assn (fnma)
Dec 15, 2016
—
The Renaissance 300 Apartments LLC
—
Deed
related
$68,681,000 · Berkadia Commercial Mortgage LLC
Jul 17, 2001
—
Wedgewood Commons Apartments
—
Deed Of Trust
related
$14,800,000 · Arcs Commercial Mortgage Co LP
May 31, 2001
$10,610,000
Wedgewood Commons Apartments
Fsc\pavilions Associates LP
Grant Deed
$14,145,000 · Travelers Insurance
Dec 16, 1998
—
Fsc/pavilions Associates LP
Argenta Pm Lc
Grant Deed
related
—
Apr 18, 1996
—
Silverwood Sacramento LLC
—
Deed Of Trust
related
$1,000,000 · River City Bank
Dec 14, 1995
$7,165,000
Sacramento Silverwood
Citrus Heights Villas Assoc
Trustees Deed
—
Jun 13, 1990
$500
Heights S Citrus
Creekside Villag
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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