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Property profile & analytics
OFF-MARKET
Estimated value
$13,235,000
Apartment buildings
18881 Mora Kai Ln Huntington Beach, CA 92646-1916
Entity Owned
Absentee Owner
Property ID
US09-2591311
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1964
Total area
46,062 SF
Lot
2.76 ac (120,072 SF)
APN
157-402-35
UPID
US09-2591311
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
-
18881 Mora Kai Apartments Apartment Building
-
A-1 Solar Installation Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$15.28M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$13.24M
Owner & transaction history
Mora Kia Apartments LLC
Mora Kia Apartments LLC
since 2025
Last sale
$16.1M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$21.6M
+10.5%
Auto repair, garage
$20.5M
+5.0%
Office building
$19.8M
+1.0%
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 Huntington Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Huntington Beach 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%
$16,550,000
6.5%
$15,275,000
7%
$14,185,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$19,560,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$21,605,000
Change: +10% · Conversion: Difficult
AUTO REPAIR, GARAGE
$20,545,000
Change: +5% · Conversion: Difficult
OFFICE BUILDING
$19,760,000
Change: +1% · Conversion: Moderate
Blend value · Realmo final
$13.24M
Range $11.91M – $14.56M · ±10% · vs last sale $16.13M (Dec 23 2025)
Last sale anchor
$16.13M
Dec 23 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
$287 / 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
$136,506
Tax year 2024
Assessed value
$11,378,293
Assessed 2024
Previous assessed
$11,378,293
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$9,872,344
Assessed improvement
$1,505,949
Applied tax rate
4.0000
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
1964
Heating
NONE
Stories
2
Units
42
Total area
46,062 SF
Lot
2.76 ac (120,072 SF)
APN
157-402-35
UPID
US09-2591311
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
$19.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$21.6M
AUTO REPAIR, GARAGE
Est. value
$20.5M
OFFICE BUILDING
Est. value
$19.8M
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1964
Heating
NONE
Stories
2
Units
42
Lot
2.76 ac
Current owner
From public records · entity-resolved
Mora Kia Apartments LLC
Entity
Mailing address
1315 WOODRUFF AVE, LOS ANGELES, CA 90024-5129
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2025
$16,125,000
Mora Kia Apartments LLC
Gilron Properties Mora Kai LLC
Grant Deed
—
May 12, 2021
—
Gilron Properties Mora Kai LLC
—
Deed
related
$3,465,000 · Mufg Union Bank NA
May 17, 2016
—
Gilron Properties Mora Kai LLC
—
Deed
related
$3,600,000 · Mufg Union Bank NA
Mar 30, 1995
$3,250,000
Kai Apartments LP Mora
Natco Realty Fund IV
Grant Deed
$4,665,000 · Redevelopment Agency Huntingto
—
—
Natco Realty Fun
—
Deed Of Trust
related
$2,700,000 · Fidelity Federal Bank
—
—
Gilron Properties-mora Kai LLC
—
Deed Of Trust
related
$3,700,000 · Bank 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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