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    10621 Bolsa Ave Garden Grove, CA 92843-5258
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    Property profile & analytics

    10621 Bolsa Ave, Garden Grove, CA 92843-5258

    View on Map
    • Apartment buildings
    • 53,834 SF
    • 2.85 lot acres
    Off-Market
    Last Sale Nov 17, 2022
    $20,000,000
    Property ID
    US09-1730004
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $17,785,000
    Show details
    Cap Rate Potential
    4.3%
    Apartment buildings
    Location Intelligence

    Current Use by Public Records

    • Bolsa West / Financial Advisor
    • Nhà USA / Apartment Complex

    Property Details for 10621 Bolsa Ave

    Year built
    1977
    Lot size
    2.85 lot acres
    Property type
    Apartment buildings
    APN
    099-513-32
    APU
    9951332

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 17, 2022 $20,000,000 Bolsa Gardens Apartment Homes LP T G Wing Chow Grant Deed $9.5M · First Republic Bank
    Nov 17, 2022 — First Republic Bank Bolsa Gardens Apartment Homes LP Assignment Of Lease (leasehold Sale) —
    Aug 5, 2022 — Raymond Man Shu Chan Lin Chan Yee Intrafamily Transfer · related —
    Apr 13, 2022 — Raymond S Poon Raymond S Y Poon Intrafamily Transfer · related —
    Jan 28, 2020 — Nerisa M L Young Lim Family Trust Quit Claim Deed · related —
    Jun 13, 2018 — Nerisa M L Young Lim,becky S Affidavit Of Death · related —
    Nov 29, 2011 — Poon David S & Maureen Y Trust Poon,david S & Maureen Y Quit Claim Deed · related —
    Oct 23, 2003 — Lim,tr Lim,tr Quit Claim Deed · related —
    Mar 8, 1994 — Alex Hung Hung, Quit Claim Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $18,590,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $13,430,000
      6.5%
      $12,395,000
      7%
      $11,510,000

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $18,480,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $25,255,000
      Change: +37% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $24,135,000
      Change: +31% Conversion: Moderate
      OFFICE BUILDING
      $23,095,000
      Change: +25% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $20,100,000
      Change: +9% Conversion: Difficult
      RETAIL STORES
      $16,080,000
      Change: -13% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Garden Grove
    County
    Orange
    State
    California
    Longitude
    -117.944
    Latitude
    33.7455
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $257,381
    $17,340,000
    $3,060,000
    $20,400,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      $915,000
      4,018 SF

      13152 Pleasant St

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    • Value Estimation
      $1,875,000
      9,293 SF

      11621 Stuart Dr

      APARTMENT HOUSE (5+ UNITS)
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    • Value Estimation
      $4,270,000
      29,682 SF

      12501 Westminster Ave

      APARTMENT HOUSE (5+ UNITS)
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    • Value Estimation
      $1,540,000
      7,000 SF

      13902 Clinton St

      APARTMENT HOUSE (5+ UNITS)
      13902 Clinton St, Garden Grove, CA 92843-4130
      View Details
    • Value Estimation
      $3,565,000
      20,807 SF

      13792 Dawson St

      APARTMENT HOUSE (5+ UNITS)
      13792 Dawson St, Garden Grove, CA 92843-3187
      View Details
    • Value Estimation
      $13,135,000
      83,810 SF

      13888 Euclid St

      APARTMENT HOUSE (5+ UNITS)
      13888 Euclid St, Garden Grove, CA 92843
      View Details

    Similar Nearby for Sale

    • $1,850,000
      4,018 SF

      Charming 5-Unit Apartment Community

      Five-unit apartment building in a residential neighborhood.
      13152 Pleasant St, Garden Grove, CA 92843
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    • Contact for pricing

      Garden Grove Fourplex Investment Opportunity

      Well-maintained fourplex in central Garden Grove with spacious units.
      11712 Stuart Dr, Garden Grove, CA 92843
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    • $1,950,000

      Garden Grove Four-Unit Multifamily Property

      Four-unit property in Garden Grove with income potential.
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    • $1,930,000

      Garden Grove Four-Unit Multifamily Property

      Rare opportunity for investors or owner-occupants in Garden Grove.
      13391 Palm St, Garden Grove, CA 92843
      View Details
    • $1,930,000
      4,492 SF

      Garden Grove Quadruplex Investment Opportunity

      Well-maintained four-unit property with long-term tenants in place.
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    • $1,349,000

      Two Detached Homes on Lot

      Two single-family homes on a 7,245 sq ft lot.
      13291 Fairview St, Garden Grove, CA 92843
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    Similar Nearby for Lease

    • $3,000 /Mo

      Modern Office Space For Rent

      Upgraded office space with modern finishes, ideal for professional services.
      11224 Garden Grove Blvd, Garden Grove, CA 92843
      View Details
    • Contact for pricing
      14,000 SF

      Fenced and Paved Land

      14,000 SF of fenced and paved land for lease.
      11615 Cardinal Cir, Garden Grove, CA 92843
      View Details
    • $1.75 SF/Yr
      12,000 SF

      Retail Space in Garden Grove

      Retail property available for lease in Garden Grove, CA.
      Garden Dr, Garden Grove, CA 92843
      View Details
    • Contact for pricing
      1,400 SF

      Garden Grove Warehouse Space Available

      Warehouse space available for sublease in Garden Grove, CA.
      10802 Capital Ave, Garden Grove, CA 92843
      View Details
    • $0.80 SF/Yr

      Garden Grove Industrial Warehouse Sublease

      4,483 SF industrial warehouse with office space for lease.
      Garden Dr, Garden Grove, CA 92843
      View Details
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    Garden Grove, CA 92843-5258
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    10621 Bolsa Ave, Garden Grove, CA, 92843
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