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Property profile & analytics
OFF-MARKET
Estimated value
$885,000
Apartment buildings
1609 Parton St Santa Ana, CA 92706-3612
Entity Owned
11-yr Hold
Absentee Owner
Property ID
US09-3033993
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1951
Total area
3,734 SF
Lot
0.29 ac (12,500 SF)
APN
005-111-51
UPID
US09-3033993
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
$925k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$885k
Owner & transaction history
Parton Holdings LLC · 11 yrs held
Parton Holdings LLC
since 2015
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.4M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,000,000
6.5%
$925,000
7%
$855,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,395,000
Current use
RETAIL STORES
$1,430,000
Change: +3% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,245,000
Change: -11% · Conversion: Moderate
Blend value · Realmo final
$885k
Range $797k – $974k · ±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
$237 / 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
$17,208
Tax year 2024
Assessed value
$1,355,023
Assessed 2024
Previous assessed
$1,355,023
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$942,629
Assessed improvement
$412,394
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
1951
Heating
NONE
Stories
1
Units
8
Total area
3,734 SF
Lot
0.29 ac (12,500 SF)
APN
005-111-51
UPID
US09-3033993
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
$1.4M
RETAIL STORES
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS) Current
RETAIL STORES
COMMERCIAL (GENERAL)
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
1951
Heating
NONE
Stories
1
Units
8
Lot
0.29 ac
Current owner
From public records · entity-resolved
Parton Holdings LLC
Entity
Mailing address
660 NEWPORT CTR DR STE #1220, NEWPORT BEACH, CA 92660-6492
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 25, 2021
—
Parton Holdings LLC
—
Deed
related
$1,145,000 · Mz Partners LLC
Jun 5, 2017
—
Parton Holdings LLC
—
Deed
related
$1,150,000 · Mz Partners LLC
May 29, 2015
$1,150,000
Parton Holdings LLC
Gale Family Trust
Grant Deed
—
Oct 10, 2014
—
Gale Family Trust
Gale,steven R
Quit Claim Deed
related
—
Oct 7, 2014
$1,444,000
Steven R Gale
Hall William M & D K Trust
Grant Deed
—
Oct 7, 2014
—
Steven Ryan Gale
Catherine A Gale
Intrafamily Transfer
related
—
Aug 3, 2005
—
Hall William M & Diane K Trust
Hall W M & D K Trust
Quit Claim Deed
related
—
Aug 27, 2004
—
Hall William M & Diane K Trust
Hall,william M
Affidavit Of Death
related
—
—
—
Hall Trust
—
Deed Of Trust
related
$431,250 · Washington Mutual Fsb
—
—
Hall,tr
—
Deed Of Trust
related
$500,000 · Washington Mutual Fsb
—
—
Parton Holdings LLC
—
Deed Of Trust
related
$1,150,000 · Mz Partners 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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