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Property profile & analytics
FOR SALE
Flex space
1690 Scenic Ave, Costa Mesa, CA 92626
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0085240
For Sale
1 / 2
$11,000,000
1690 Scenic Ave, Costa Mesa, CA 92626
View Listing →
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1981
Total area
18,758 SF
Lot
1.54 ac (66,879 SF)
APN
139-651-29
UPID
US09-0085240
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
-
True South Renewables Costa Mesa Production Facility
-
Solarrus Solar Corporation Costa Mesa Solar Energy Company Solar Energy System Service
-
Power Factors, LLC Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.41M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.00M
Blend (final)
Blend
$10.71M
Owner & transaction history
Wlm Showcase LLC · 4 yrs held
Wlm Showcase LLC
since 2022
Last sale
$10.6M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$12.8M
+71.3%
Retail stores
$9.8M
+30.6%
Apartment house (5+ units)
$9.0M
+20.4%
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 Costa Mesa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Costa Mesa 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
$12,930,000
ML approach
$10,405,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$7,470,000
Current use
RESTAURANT
$12,800,000
Change: +71% · Conversion: Difficult
RETAIL STORES
$9,755,000
Change: +31% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$8,995,000
Change: +20% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$8,800,000
Change: +18% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,370,000
Change: +12% · Conversion: Easy
OFFICE BUILDING
$6,960,000
Change: -7% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,575,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$10.71M
Range $9.64M – $11.78M · ±10% · vs last sale $10.61M (May 26 2022)
Last sale anchor
$10.61M
May 26 2022
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
$571 / 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
$126,503
Tax year 2024
Assessed value
$11,033,482
Assessed 2024
Previous assessed
$11,033,482
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$9,785,002
Assessed improvement
$1,248,480
Applied tax rate
15.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
For Sale
Year built
1981
Heating
NONE
Stories
1
Total area
18,758 SF
Lot
1.54 ac (66,879 SF)
APN
139-651-29
UPID
US09-0085240
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
INDUSTRIAL (GENERAL) Current
Est. value
$7.5M
RESTAURANT
Est. value
$12.8M
RETAIL STORES
Est. value
$9.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.8M
AUTO REPAIR, GARAGE
Est. value
$8.4M
OFFICE BUILDING
Est. value
$7.0M
COMMERCIAL (GENERAL)
Est. value
$6.6M
INDUSTRIAL (GENERAL) Current
RESTAURANT
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1981
Heating
NONE
Stories
1
Lot
1.54 ac
Current owner
From public records · entity-resolved
Wlm Showcase LLC
Entity
Mailing address
24901 CAMINO VILLA, LAKE FOREST, CA 92630-2619
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
May 26, 2022
$10,605,500
Wlm Showcase LLC
1690 Scenic Ave LLC
Grant Deed
—
Dec 4, 2017
$7,120,000
1690 Scenic Ave LLC
Klein Investments Family LP
Grant Deed
—
Jan 30, 2015
$5,756,500
Klein Investments Family Limited Pa
Sang T Nguyen
Grant Deed
$3,900,000 · First Bank
Aug 31, 2005
$3,700,000
Sang T Nguyen
Jp Scenic LLC
Grant Deed
$1,875,000 · East West Bank
Aug 31, 2005
—
Sang T Nguyen
Tra,trina H
Grant Deed
related
—
Dec 19, 2001
$3,400,000
Jp Scenic LLC
Scenic Avenue Properties
Grant Deed
related
$2,040,000 · Money Store Commercial Mtg
Jan 1, 1990
—
Imhof,hans
Unknown
Grant Deed
related
—
—
—
Hans Imhof
—
Deed Of Trust
related
$1,600,000 · Wells Fargo Bank
—
—
Scenic Ave Properties
—
Deed Of Trust
related
$1,715,000 · Bank Of Hemet
—
—
Sang T Nguyen
—
Deed Of Trust
related
$1,497,000 · Southland Economic Dev Corp
—
—
Jp Scenic LLC
—
Deed Of Trust
related
$650,000 · Ferrano Ents INC
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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