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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Apartment buildings
1352 Balboa Blvd Newport Beach, CA 92661-1057
Entity Owned
9-yr Hold
Absentee Owner
Property ID
US09-3359904
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1930
Total area
1,210 SF
Lot
0.1 ac (4,490 SF)
APN
047-233-27
UPID
US09-3359904
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
$500k
CAP Approach
CAP
$355k
Comparable Approach
Comparable
$519k
Blend (final)
Blend
$535k
Owner & transaction history
Due Al Mare LLC · 9 yrs held
Due Al Mare LLC
since 2016
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$590,000
+20.4%
Neighborhood: shopping center
$570,000
+15.9%
Auto repair, garage
$540,000
+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
by Request
ML approach
$500,000
CAP Approach
CAP Return
Estimation
6%
$385,000
6.5%
$355,000
7%
$330,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$490,000
Current use
RETAIL STORES
$590,000
Change: +20% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$570,000
Change: +16% · Conversion: Difficult
AUTO REPAIR, GARAGE
$540,000
Change: +10% · Conversion: Difficult
OFFICE BUILDING
$520,000
Change: +6% · Conversion: Moderate
Blend value · Realmo final
$535k
Range $482k – $589k · ±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
$442 / 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
$22,291
Tax year 2024
Assessed value
$1,991,200
Assessed 2024
Previous assessed
$1,991,200
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$1,722,676
Assessed improvement
$268,524
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
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
1930
Heating
NONE
Stories
2
Units
5
Total area
1,210 SF
Lot
0.1 ac (4,490 SF)
APN
047-233-27
UPID
US09-3359904
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
$490,000
RETAIL STORES
Est. value
$590,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$570,000
AUTO REPAIR, GARAGE
Est. value
$540,000
OFFICE BUILDING
Est. value
$520,000
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
1930
Heating
NONE
Stories
2
Units
5
Lot
0.1 ac
Current owner
From public records · entity-resolved
Due Al Mare LLC
Entity
Mailing address
60 W COCHRAN ST, SIMI VALLEY, CA 93065-6237
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 7, 2016
$1,750,000
Due Al Mare LLC
Jacqueline Poladian
Grant Deed
$850,000 · City National Bank
Feb 13, 2009
—
Jacqueline Poladian
Poladian,samuel A
Affidavit Of Death
related
—
Aug 14, 1992
—
Samuel Poladian
Poladian,abraham
Quit Claim Deed
related
$263,000 · Norwest Mortgage INC
Jun 30, 1988
$350,000
Abraham Poladian
Haskell E Willia
Grant Deed
$262,500 · Citicorp Savings & Loan
—
—
Samuel Poladian
—
Deed Of Trust
related
$193,500 · Norwest Mortgage INC
—
—
Jacqueline Poladian
—
Deed Of Trust
related
$675,000 · Lenox Financial Mortgage
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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