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    1228 Pacific Ave Santa Ana, CA 92704-3349
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    Property profile & analytics

    1228 Pacific Ave Santa Ana, CA 92704-3349

    View on Map
    • Apartment buildings
    • 4,780 SF
    • 0.17 lot acres
    Off-Market
    Property ID
    US10-3047343
    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
    $975,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 1228 Pacific Ave

    Year built
    1957
    Lot size
    0.17 lot acres
    Property size
    4,780 SF
    Property type
    Apartment buildings
    APN
    109-412-07
    APU
    10941207

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,235,000
      6.5%
      $1,140,000
      7%
      $1,060,000

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $1,425,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Santa Ana
    County
    Orange
    State
    California
    Longitude
    -117.888
    Latitude
    33.7317
    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
    $14,701
    $648,989
    $480,724
    $1,129,713
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
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      5,863 SF

      802 Townsend St

      APARTMENT HOUSE (5+ UNITS) • 5,863 SF
      802 Townsend St, Santa Ana, CA 92704-2949
      View Details
    • Value Estimation
      $2,620,000
      20,268 SF

      829 Townsend St

      APARTMENT HOUSE (5+ UNITS) • 20,268 SF
      829 Townsend St, Santa Ana, CA 92704-2932
      View Details
    • Value Estimation
      $1,170,000
      5,010 SF

      1430 Raitt St

      APARTMENT HOUSE (5+ UNITS) • 5,010 SF
      1430 Raitt St, Santa Ana, CA 92704-3638
      View Details
    • Value Estimation
      $810,000
      4,696 SF

      1213 Pacific Ave

      APARTMENT HOUSE (5+ UNITS) • 4,696 SF
      1213 Pacific Ave, Santa Ana, CA 92704-3350
      View Details
    • Value Estimation
      $1,450,000
      3,618 SF

      1137 Poplar St

      APARTMENT HOUSE (5+ UNITS) • 3,618 SF
      1137 Poplar St, Santa Ana, CA 92704-3450
      View Details
    • Value Estimation
      $935,000
      6,841 SF

      801 Townsend St

      APARTMENT HOUSE (5+ UNITS) • 6,841 SF
      801 Townsend St, Santa Ana, CA 92704-2976
      View Details

    Similar Nearby for Sale

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      Santa Ana Multifamily Investment Opportunity

      Well-maintained 8-unit property in a high-demand Santa Ana location.
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      View Details
    • $2,150,000
      5,854 SF

      Santa Ana Multifamily Investment

      Well-maintained 8-unit apartment building in a prime Santa Ana location.
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      View Details
    • $1,125,000
      2,820 SF

      Santa Ana Triplex with Garages

      Well-located Santa Ana triplex featuring detached garages and laundry hookups.
      2301 S Center St, Santa Ana, CA 92704
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    Similar Nearby for Lease

    • Contact for pricing

      Santa Ana Commercial Space Available

      Commercial real estate space available in Santa Ana, California.
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      View Details
    • $1.45 SF/Yr
      14,700 SF

      Industrial Building with Secured Yard

      Industrial/Manufacturing building with secured yard and freeway access.
      2001-2011 S Susan St, Santa Ana, CA 92704
      View Details
    • Contact for pricing
      86,814 SF

      Industrial Property with Large Fenced Yard

      Industrial property featuring a large fenced yard and truck storage.
      2801-2803 S Yale St, Santa Ana, CA 92704
      View Details
    • Contact for pricing
      3,280 SF

      Industrial Space in Santa Ana

      Multi-tenant industrial building in a central Orange County location.
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      View Details
    • Contact for pricing

      Industrial Property in Santa Ana

      Fully leased industrial property in Santa Ana, California.
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      View Details
    • Contact for pricing

      Industrial Warehouse Unit For Rent

      Multi-tenant industrial warehouse unit with street frontage and signage.
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      View Details
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    Santa Ana, CA 92704-3349
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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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