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Property profile & analytics
OFF-MARKET
Estimated value
$8,500,000
Apartment buildings
1007 Balboa Blvd Newport Beach, CA 92661-1353
Individually Owned
1-yr Hold
Absentee Owner
Property ID
US09-2113016
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1909
Total area
4,704 SF
Lot
0.08 ac (3,600 SF)
APN
048-144-04
UPID
US09-2113016
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
-
Volleyball Court Sports Field & Court
-
Balboa Units by Everyday Luxury Vacation Rentals Vacation Rental Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.50M
Owner & transaction history
Daniel Seid · 1 yrs held
Daniel Seid
since 2024
Last sale
$8.5M
7 recorded transactions
Zoning & alternative use
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 Newport Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newport Beach 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
$8,500,000
ML approach
$8,500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$8.50M
Range $7.65M – $9.35M · ±10% · vs last sale $8.50M (Aug 22 2024)
Last sale anchor
$8.50M
Aug 22 2024
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
$1,807 / 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
$70,706
Tax year 2024
Assessed value
$6,466,842
Assessed 2024
Previous assessed
$6,466,842
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$5,797,532
Assessed improvement
$669,310
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
1909
Heating
NONE
Stories
2
Units
10
Total area
4,704 SF
Lot
0.08 ac (3,600 SF)
APN
048-144-04
UPID
US09-2113016
Jurisdiction
ORANGE
Metro division
SANTA ANA-ANAHEIM-IRVINE, CA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1909
Heating
NONE
Stories
2
Units
10
Lot
0.08 ac
Current owner
From public records · entity-resolved
Daniel Seid
Individual
Mailing address
16478 BCH BLVD #309, WESTMINSTER, CA 92683-7860
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 22, 2024
$8,500,000
Daniel Seid
Fourth St Elcentro Group LLC
Grant Deed
$5,865,000 · Rr Investments LLC
Sep 13, 2017
—
Fourth St Elcentro Group LLC
—
Grant Deed
related
$4,350,000 · Genesis Cap Master Fund
Sep 7, 2017
$5,800,000
Fourth St Elcentro Group LLC
University Of Sthrn Ca
Grant Deed
$4,060,000 · Cantor Group IV
Feb 8, 2017
—
Suzanne Dworak-peck
Newport 1007 LLC
Quit Claim Deed
—
Jun 13, 1995
$895,000
Suzanne Dworak-peck
L L Turner Corp
Grant Deed
$589,600 · Home Savings Of America
—
—
Fourth St Elcentro Group LLC
—
Deed Of Trust
related
$1,000,000 · Malik Bros 2 LLC
—
—
Robert D Smith
—
Deed Of Trust
related
$108,500 · American Savings Bank
—
—
Newport 1007 LLC
—
Deed Of Trust
related
$1,500,000 · Universal Bank
—
—
Fourth St Elcentro Group LLC
—
Deed Of Trust
related
$1,500,000 · Nano Banc
—
—
Fourth St Elcentro Group LLC
—
Deed Of Trust
related
$4,000,000 · Nano Banc
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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