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Property profile & analytics
OFF-MARKET
Estimated value
$2,195,000
Apartment buildings
1401 Standard Ave Santa Ana, CA 92707-2026
Entity Owned
2-yr Hold
Absentee Owner
Property ID
US09-0592437
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1961
Total area
6,589 SF
Lot
0.23 ac (10,181 SF)
APN
014-252-16
UPID
US09-0592437
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
$2.52M
CAP Approach
CAP
$1.62M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.20M
Owner & transaction history
1531 W Broadway LLC · 2 yrs held
1531 W Broadway LLC
since 2023
Last sale
$2.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.6M
+47.7%
Neighborhood: shopping center
$3.1M
+25.5%
Retail stores
$2.5M
+2.6%
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 Santa Ana submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Santa Ana 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
$2,550,000
ML approach
$2,515,000
CAP Approach
CAP Return
Estimation
6%
$1,755,000
6.5%
$1,620,000
7%
$1,505,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,465,000
Current use
OFFICE BUILDING
$3,640,000
Change: +48% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$3,090,000
Change: +25% · Conversion: Difficult
RETAIL STORES
$2,525,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$2.20M
Range $1.98M – $2.41M · ±10% · vs last sale $2.15M (Oct 12 2023)
Last sale anchor
$2.15M
Oct 12 2023
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
$333 / 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
$26,064
Tax year 2024
Assessed value
$2,150,000
Assessed 2024
Previous assessed
$2,150,000
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$1,910,300
Assessed improvement
$239,700
Applied tax rate
11.0000
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
1961
Heating
NONE
Stories
2
Units
10
Total area
6,589 SF
Lot
0.23 ac (10,181 SF)
APN
014-252-16
UPID
US09-0592437
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
$2.5M
OFFICE BUILDING
Est. value
$3.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.1M
RETAIL STORES
Est. value
$2.5M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1961
Heating
NONE
Stories
2
Units
10
Lot
0.23 ac
Current owner
From public records · entity-resolved
1531 W Broadway LLC
Entity
Mailing address
1290 N RED GUM ST, ANAHEIM, CA 92806-1820
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 12, 2023
$2,150,000
1531 W Broadway LLC
Minerva Investment Group LLC
Grant Deed
$1,240,000 · Jpmorgan Chase Bank NA
Jan 4, 2022
$1,900,000
Minerva Investment Group LLC
Steven Paul Mclaughlin
Grant Deed
$1,165,000 · Pacific Premier Bank
Jun 28, 2018
—
Steven Paul Mclaughlin
—
Deed
related
$250,000 · Wells Fargo Bank NA
Jan 31, 2000
$461,000
Steven P Mclaughlin
1401 South Standard LLC
Grant Deed
$344,625 · Washington Mutual Fsb
Jan 18, 1996
$146,609
Gary R King
Shin,joung N & Seung H
Grant Deed
—
Jan 18, 1996
—
1401 Standard
King,
Grant Deed
related
—
Jul 11, 1989
$240,000
Joung N Shin
King Gary R
Grant Deed
related
—
Jan 27, 1988
—
Gary R King
King
Quit Claim Deed
related
$318,000 · First Nationwide Bank
Jan 27, 1988
$425,000
Gary R King
Remin
Trustees Deed
—
—
—
Remington Exchan
—
Deed Of Trust
related
$35,000 · Nielsen Steven B
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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