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Property profile & analytics
OFF-MARKET
Estimated value
$1,795,000
Apartment buildings
15641 Tustin Vlg Way, Tustin, CA 92780-4947
Entity Owned
8-yr Hold
Absentee Owner
Property ID
US09-2818335
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1965
Total area
8,239 SF
Lot
0.29 ac (12,538 SF)
APN
402-292-14
UPID
US09-2818335
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
$2.42M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.80M
Owner & transaction history
Barry Saywitz Propetries Two LP · 8 yrs held
Barry Saywitz Propetries Two LP
since 2018
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%
$2,620,000
6.5%
$2,420,000
7%
$2,245,000
Blend value · Realmo final
$1.80M
Range $1.62M – $1.97M · ±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
$218 / 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
$23,586
Tax year 2024
Assessed value
$1,944,004
Assessed 2024
Previous assessed
$1,944,004
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$1,550,498
Assessed improvement
$393,506
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
1965
Heating
NONE
Stories
2
Units
8
Total area
8,239 SF
Lot
0.29 ac (12,538 SF)
APN
402-292-14
UPID
US09-2818335
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
1965
Heating
NONE
Stories
2
Units
8
Lot
0.29 ac
Current owner
From public records · entity-resolved
Barry Saywitz Propetries Two LP
Entity
Mailing address
4740 VON KARMAN AVE STE #100, NEWPORT BEACH, CA 92660-2172
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2021
—
Barry Saywitz Properties Two LP
—
Deed
related
$10,000 · Pacific Premier Bank
Mar 30, 2018
—
Barry Saywitz Propetries Two LP
Barry Saywitz Properies Two LP
Grant Deed
$1,234,000 · Commercial Bank
Jan 30, 2007
$1,480,000
Barry Saywitz Properties Two LP
Evelyn Leonard
Grant Deed
$1,110,000 · Luther Burbank Savings
Nov 12, 1999
—
Mark Cardelucci
Cardelucci,
Quit Claim Deed
related
—
Nov 12, 1999
$560,000
Leonard Trust
Cardelucci,mark
Trustees Deed
$377,000 · Quaker City Federal S & L
Oct 15, 1997
—
Greg Burns
Burns,
Quit Claim Deed
related
—
Apr 1, 1997
$466,628
Glendale Federal Bank
Washington,luther L & Josephine
Trustees Deed
related
—
Mar 3, 1989
$737,500
Washtinton Luthe
Remington Exchan
Trustees Deed
$515,119 · Glendale Federal Bank
Mar 3, 1989
—
R E Exchange Ser
Stephens Christo
Trustees Deed
related
—
—
—
David Seidner
—
Deed Of Trust
related
$288,000 · Glendale Federal Bank
—
—
Leonard,tr
—
Deed Of Trust
related
$485,000 · Washington Mutual Fsb
—
—
Barry Saywitz Props Two LP
—
Deed Of Trust
related
$1,230,000 · Opus Bank
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.
Try Rey
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