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Property profile & analytics
OFF-MARKET
Estimated value
$5,820,000
Apartment buildings
14421 Red Hl Ave, Tustin, CA 92780-6262
Individually Owned
17-yr Hold
Absentee Owner
Property ID
US09-0005834
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1964
Total area
27,480 SF
Lot
2.13 ac (92,717 SF)
APN
432-111-03
UPID
US09-0005834
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
-
Alma 's Home Healthcare Service Community Health Centre
-
Self-Built Confidence Music Venue Theater & Performing Art Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.07M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.82M
Owner & transaction history
Waterstone Garden Invs · 17 yrs held
Waterstone Garden Invs
since 2008
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 Tustin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tustin 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%
$8,740,000
6.5%
$8,070,000
7%
$7,495,000
Blend value · Realmo final
$5.82M
Range $5.24M – $6.40M · ±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
$212 / 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
$81,268
Tax year 2024
Assessed value
$6,622,439
Assessed 2024
Previous assessed
$6,622,439
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$5,088,104
Assessed improvement
$1,534,335
Applied tax rate
13.0000
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
1964
Heating
NONE
Stories
2
Units
30
Total area
27,480 SF
Lot
2.13 ac (92,717 SF)
APN
432-111-03
UPID
US09-0005834
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
Building & site characteristics
From public records
Year built
1964
Heating
NONE
Stories
2
Units
30
Lot
2.13 ac
Current owner
From public records · entity-resolved
Waterstone Garden Invs
Individual
Mailing address
43 MALAGA CV PLZ STE D, PALOS VERDES ESTATES, CA 90274-1346
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2018
—
Waterstone Garden Invs LP
—
Grant Deed
related
$17,100,000 · Arbor Com'l Fndg I LLC
Sep 19, 2008
—
Waterstone Garden Invs
Hazel Apartments LLC
Grant Deed
—
Mar 27, 2008
$11,000,000
Hazel Apartments LLC
Chicago Title Co
Trustees Deed
related
—
Mar 12, 2008
$11,000,000
Zwirn Db Special
Chicago Title
Trustees Deed
related
—
Apr 25, 2006
—
Suncal-red Hill LLC
Scc Acquisitions INC
Grant Deed
—
Jan 11, 2006
—
Scc Acquisitions INC
Southwind Realty Group LLC
Grant Deed
—
Jan 5, 2006
—
Southwind Realty Group LLC
Furst William G Trust
Grant Deed
—
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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