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Property profile & analytics
OFF-MARKET
Estimated value
$720,000
Investment properties
120 Virginia Pl, Costa Mesa, CA 92627-6733
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2194118
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1962
Total area
3,465 SF
Lot
0.21 ac (9,079 SF)
APN
426-052-15
UPID
US09-2194118
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
-
Hola Adios Coffeeshop Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$920k
Comparable Approach
Comparable
$825k
Blend (final)
Blend
$720k
Owner & transaction history
Penelope Real Investments LLC · 2 yrs held
Penelope Real Investments LLC
since 2023
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 Costa Mesa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Costa Mesa 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%
$995,000
6.5%
$920,000
7%
$855,000
Blend value · Realmo final
$720k
Range $648k – $792k · ±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
$208 / 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
$16,121
Tax year 2024
Assessed value
$1,445,579
Assessed 2024
Previous assessed
$1,445,579
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$885,166
Assessed improvement
$560,413
Applied tax rate
15.0000
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1962
Heating
NONE
Stories
2
Total area
3,465 SF
Lot
0.21 ac (9,079 SF)
APN
426-052-15
UPID
US09-2194118
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
1962
Heating
NONE
Stories
2
Lot
0.21 ac
Current owner
From public records · entity-resolved
Penelope Real Investments LLC
Entity
Free & Clear · 2 yrs held
Mailing address
18961 CASTLEGATE LN, SANTA ANA, CA 92705-2801
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
May 23, 2025
—
Penelope Real Investments LLC
—
Deed
related
$2,834,150 · Cache Valley Bank
Aug 16, 2023
—
Penelope Real Investments LLC
Joseph Cefalia JR
Deed
—
Jun 10, 2019
—
Cefalia,joseph JR 2012 Trust
Cefalia Joseph JR F/tr
Quit Claim Deed
related
$820,000 · New Omni Bk NA
Aug 17, 2018
—
Cefalia,joseph JR Family Trust
Cefalia,joseph JR
Quit Claim Deed
related
—
May 9, 2017
—
Joseph Cefalia JR
Cefalia,margie
Quit Claim Deed
related
—
May 6, 2016
$925,000
Joseph Cefalia
Burrus Shirley A
Grant Deed
—
Oct 21, 2015
—
Cindy Kearns
Burrus,mitchell W
Affidavit Of Death
related
—
—
—
Lee-kong Yin
—
Deed Of Trust
related
$529,676 · Lansang Co Ltd
—
—
Mitchell Burrus
—
Deed Of Trust
related
$40,800 · Alderson Trust
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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