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Property profile & analytics
OFF-MARKET
Estimated value
$1,555,000
Apartment buildings
1551 Ball Rd Anaheim, CA 92802-1642
Entity Owned
Absentee Owner
Property ID
US09-2652544
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1959
Total area
5,276 SF
Lot
0.18 ac (7,952 SF)
APN
250-173-22
UPID
US09-2652544
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
$1.49M
CAP Approach
CAP
$1.30M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.56M
Owner & transaction history
Centric Investment Management LLC
Centric Investment Management LLC
since 2026
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.5M
+8.0%
Neighborhood: shopping center
$2.5M
+5.1%
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 Anaheim submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Anaheim 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
$1,525,000
ML approach
$1,490,000
CAP Approach
CAP Return
Estimation
6%
$1,410,000
6.5%
$1,300,000
7%
$1,210,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,355,000
Current use
COMMERCIAL (GENERAL)
$2,545,000
Change: +8% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$2,475,000
Change: +5% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,355,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$2,265,000
Change: -4% · Conversion: Moderate
RETAIL STORES
$2,005,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$1.56M
Range $1.40M – $1.71M · ±10% · vs last sale $1.73M (Apr 3 2025)
Last sale anchor
$1.73M
Apr 3 2025
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
$295 / 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
$22,525
Tax year 2024
Assessed value
$1,855,578
Assessed 2024
Previous assessed
$1,855,578
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$1,694,749
Assessed improvement
$160,829
Applied tax rate
1.0000
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
1959
Heating
NONE
Stories
2
Units
8
Total area
5,276 SF
Lot
0.18 ac (7,952 SF)
APN
250-173-22
UPID
US09-2652544
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
$2.4M
COMMERCIAL (GENERAL)
Est. value
$2.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.5M
AUTO REPAIR, GARAGE
Est. value
$2.4M
OFFICE BUILDING
Est. value
$2.3M
RETAIL STORES
Est. value
$2.0M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1959
Heating
NONE
Stories
2
Units
8
Lot
0.18 ac
Current owner
From public records · entity-resolved
Centric Investment Management LLC
Entity
Mailing address
5267 WARNER AVE #237, HUNTINGTON BEACH, CA 92649-4079
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
20 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 13, 2026
$2,475,000
Centric Investment Management LLC
Ball Road LLC
Grant Deed
$1,730,000 · Oneunited Bank
Jan 6, 2026
—
Ball Road LLC
The Jorgensen Family Trust
Deed
related
—
Aug 21, 2025
—
The Jorgensen Family Trust
Ball Road LLC
Quitclaim Deed
related
—
Apr 3, 2025
—
Ball Road LLC
Keith Jorgensen
Quitclaim Deed
related
—
Feb 26, 2021
—
Keith Jorgensen
—
Deed
related
$1,203,000 · American First Cu
Jul 30, 2019
$1,731,000
Jorgensen Family Trust
Palmyra Ave Group LLC
Grant Deed
—
Jan 12, 2017
$1,591,000
Palmyra Ave Group LLC
Brenner Michelle 2004 Trust
Grant Deed
related
—
Jan 10, 2017
$1,535,000
Palmyra Ave Group LLC
Michelle H Brenner
Grant Deed
$950,000 · Broadway Federal Bank Fsb
Jan 2, 2013
$1,050,000
Michelle H Brenner
Melanie Wennerstrom
Grant Deed
$400,000 · Us Bank NA
Oct 31, 2011
—
Melanie Wennerstrom
Wennerstrom Ronald D Trust
Quit Claim Deed
related
—
Oct 25, 2006
—
Wennerstrom Melanie Tr
Wennerstrom,ronald D
Affidavit Of Death
related
—
Dec 23, 2005
—
Wennerstrom Ronald D Trust
Wennerstrom,ronald D
Quit Claim Deed
related
—
Nov 21, 2005
—
Ronald D Wennerstrom
Wennerstrom Trust
Quit Claim Deed
related
—
Jul 30, 2004
—
Wennerstrom,tr
Wennerstrom,ronald D
Quit Claim Deed
related
—
Jul 29, 2004
—
Ronald D Wennerstrom
Wennerstrom,tr
Quit Claim Deed
related
$480,000 · Washington Mutual Fsb
Jun 21, 2004
—
Wennerstrom,tr
Wennerstrom,ronald D
Quit Claim Deed
related
—
Jul 26, 2002
—
Ronald Wennerstrom
Wenne
Quit Claim Deed
related
—
Sep 20, 1996
—
Gregory Wennerstrom
Wennerstrom,
Quit Claim Deed
related
—
Oct 21, 1994
—
Melanie Wennerstrom
Wennerstrom,
Quit Claim Deed
related
—
—
—
Rona Wennerstrom
—
Deed Of Trust
related
$350,000 · 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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