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Property profile & analytics
OFF-MARKET
Estimated value
$1,220,000
Apartment buildings
123 Leatrice Ln, Anaheim, CA 92802-4257
Individually Owned
18-yr Hold
Absentee Owner
Property ID
US10-2858855
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1962
Total area
5,041 SF
Lot
0.2 ac (8,665 SF)
APN
137-342-12
UPID
US10-2858855
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
-
General Clean OC - Cleaning Service Anaheim Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.25M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.22M
Owner & transaction history
Steve K Ng · 18 yrs held
Steve K Ng
since 2007
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 Anaheim submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Anaheim 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%
$1,350,000
6.5%
$1,245,000
7%
$1,155,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,915,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$1.22M
Range $1.10M – $1.34M · ±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
$242 / 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
$14,906
Tax year 2024
Assessed value
$1,210,492
Assessed 2024
Previous assessed
$1,210,492
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$957,299
Assessed improvement
$253,193
Applied tax rate
1.0000
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 (5+ UNITS)
Status
Off-Market
Year built
1962
Heating
NONE
Stories
2
Units
6
Total area
5,041 SF
Lot
0.2 ac (8,665 SF)
APN
137-342-12
UPID
US10-2858855
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
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$1.9M
RETAIL STORES
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
1962
Heating
NONE
Stories
2
Units
6
Lot
0.2 ac
Current owner
From public records · entity-resolved
Steve K Ng
Individual
Mailing address
1058 SUMMITRIDGE DR, DIAMOND BAR, CA 91765-4364
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2007
$940,000
Steve K Ng
Julianna Trust
Grant Deed
$565,000 · Pacific Premier Bank
Aug 4, 2004
—
Mills,tr
Mills,sean
Quit Claim Deed
related
—
Jun 10, 2003
—
Jeffrey P Henderson
Henderson,jeffrey P
Quit Claim Deed
related
—
Apr 30, 1999
$335,000
Henderson,jeffrey P
Goldenwest Relocation Corp
Trustees Deed
$350,231 · Crossland Mortgage Corp
Apr 30, 1999
$315,000
Goldenwest Relocation Corp
Gordon Trust
Trustees Deed
—
Jul 30, 1996
—
Michael Gordon
Gordon,
Quit Claim Deed
related
—
Dec 20, 1994
$225,000
Michael R Gordon
Call Trust
Grant Deed
$188,263 · Seller
—
—
Jeffrey P Henderson
—
Deed Of Trust
related
$352,281 · Secured Bankers Mortgage Co
—
—
Jeffrey P Henderson
—
Deed Of Trust
related
$373,421 · Scme Mortgage Bankers INC
—
—
Jeffey P Henderson
—
Deed Of Trust
related
$347,868 · North American Mortgage
—
—
Jeffrey P Henderson
—
Deed Of Trust
related
$620,000 · Banco Popular North America
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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