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Property profile & analytics
OFF-MARKET
Estimated value
$14,850,000
Apartment buildings
1445 Placentia Ave, Fullerton, CA 92831-2583
Individually Owned
12-yr Hold
Absentee Owner
Property ID
US09-1639972
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1976
Total area
55,688 SF
Lot
8.6 ac (374,755 SF)
APN
338-141-03
UPID
US09-1639972
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
by Request
CAP Approach
CAP
$14.31M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$14.85M
Owner & transaction history
La Villita-la Costa Apartments · 12 yrs held
La Villita-la Costa Apartments
since 2013
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$24.2M
+5.5%
Office building
$23.9M
+4.0%
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 Fullerton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fullerton 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%
$15,505,000
6.5%
$14,310,000
7%
$13,290,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$22,975,000
Current use
INDUSTRIAL (GENERAL)
$24,230,000
Change: +5% · Conversion: Difficult
OFFICE BUILDING
$23,890,000
Change: +4% · Conversion: Moderate
COMMERCIAL (GENERAL)
$22,485,000
Change: -2% · Conversion: Moderate
RETAIL STORES
$19,310,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$14.85M
Range $13.37M – $16.34M · ±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
$267 / 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
$415,245
Tax year 2024
Assessed value
$33,760,279
Assessed 2024
Previous assessed
$33,760,279
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$21,256,474
Assessed improvement
$12,503,805
Applied tax rate
3.0000
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
1976
Heating
NONE
Stories
2
Units
78
Total area
55,688 SF
Lot
8.6 ac (374,755 SF)
APN
338-141-03
UPID
US09-1639972
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
$23.0M
INDUSTRIAL (GENERAL)
Est. value
$24.2M
OFFICE BUILDING
Est. value
$23.9M
COMMERCIAL (GENERAL)
Est. value
$22.5M
RETAIL STORES
Est. value
$19.3M
APARTMENT HOUSE (5+ UNITS) Current
INDUSTRIAL (GENERAL)
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1976
Heating
NONE
Stories
2
Units
78
Lot
8.6 ac
Current owner
From public records · entity-resolved
La Villita-la Costa Apartments
Individual
Mailing address
1010 E CHESTNUT AVE, SANTA ANA, CA 92701-6426
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
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
Jun 1, 2023
—
La Villita La Costa Apartments LP
—
Deed
related
$21,000,000 · Capital One Bank NA
Aug 26, 2013
—
La Villita-la Costa Apartments
Jensen R/e Holdings LP
Quit Claim Deed
related
—
Aug 23, 2013
—
Sommerville R LP
Sommerville Trust
Quit Claim Deed
related
—
Aug 22, 2013
—
Cjs Asset Management LLC
Villita-la Costa Apartments LP
Quit Claim Deed
related
—
Jun 18, 2010
—
La Villita-la Costa Apartments
Sommerville William G
Quit Claim Deed
related
—
Nov 19, 2007
—
Roland J Jensen
Jensen,roland J
Quit Claim Deed
related
—
—
—
Clarence L Conzelman
—
Deed Of Trust
related
$7,863,000 · John Hancock Mutual Life Ins
—
—
La Villita-la Costa Apartments
—
Deed Of Trust
related
$18,246,000 · Beech Street Capital LLC
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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