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Property profile & analytics
OFF-MARKET
Estimated value
$2,250,000
Apartment buildings
1321 Balboa Blvd 1323 Newport Beach, CA 92661-1436
Individually Owned
5-yr Hold
Absentee Owner
Property ID
US09-1390287
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1958
Total area
7,260 SF
Lot
0.2 ac (8,884 SF)
APN
048-170-40
UPID
US09-1390287
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.42M
CAP Approach
CAP
$2.13M
Comparable Approach
Comparable
$2.45M
Blend (final)
Blend
$2.25M
Owner & transaction history
James B Collins · 5 yrs held
James B Collins
since 2020
Last sale
$2.1M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.5M
+20.4%
Neighborhood: shopping center
$3.4M
+15.9%
Auto repair, garage
$3.2M
+10.2%
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
$2,320,000
ML approach
$2,415,000
CAP Approach
CAP Return
Estimation
6%
$2,310,000
6.5%
$2,130,000
7%
$1,980,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,940,000
Current use
RETAIL STORES
$3,540,000
Change: +20% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,405,000
Change: +16% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,240,000
Change: +10% · Conversion: Difficult
OFFICE BUILDING
$3,115,000
Change: +6% · Conversion: Moderate
Blend value · Realmo final
$2.25M
Range $2.03M – $2.48M · ±10% · vs last sale $2.10M (Sep 24 2020)
Last sale anchor
$2.10M
Sep 24 2020
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
$310 / 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
$47,508
Tax year 2024
Assessed value
$4,312,393
Assessed 2024
Previous assessed
$4,312,393
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$3,886,438
Assessed improvement
$425,955
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
1958
Heating
NONE
Stories
2
Units
8
Total area
7,260 SF
Lot
0.2 ac (8,884 SF)
APN
048-170-40
UPID
US09-1390287
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.9M
RETAIL STORES
Est. value
$3.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.4M
AUTO REPAIR, GARAGE
Est. value
$3.2M
OFFICE BUILDING
Est. value
$3.1M
APARTMENT HOUSE (5+ UNITS) Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1958
Heating
NONE
Stories
2
Units
8
Lot
0.2 ac
Current owner
From public records · entity-resolved
James B Collins
Individual
Mailing address
2025 W BALBOA BLVD STE C, NEWPORT BEACH, CA 92663-4342
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 24, 2020
$2,100,000
James B Collins
Randall G Moler
Grant Deed
$2,100,000 · Jpmorgan Chase Bank NA
Aug 26, 2020
—
Titus,helen A Trust
312/314 E Oceanfront LLC
Quit Claim Deed
related
—
Jul 5, 2013
—
Collins Family Trust
Collins,james B & Lorie R
Quit Claim Deed
related
—
Jan 19, 2007
$3,300,000
312/314 E Oceanfront LLC
Howard By Pass Trust
Grant Deed
$2,145,000 · American Security Bank
Nov 25, 1998
$1,260,000
Howard Trust
Ross Trust
Grant Deed
$477,000 · Del Amo Savings Bank
Jun 30, 1989
$685,000
Saul Marvin & Be
Genovese & Gute
Trustees Deed
related
$730,000 · Genovese & Gute
Jun 30, 1989
—
Genovese & Gute
Wallace Elizabet
Trustees Deed
related
—
—
—
Marvin Saul
—
Deed Of Trust
related
$725,000 · Home Savings Of 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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