New search
Property profile & analytics
OFF-MARKET
Estimated value
$870,000
Investment properties
1988 Charle St, Costa Mesa, CA 92627-2613
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1851969
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1965
Total area
2,974 SF
Lot
0.14 ac (6,000 SF)
APN
422-101-04
UPID
US09-1851969
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
-
Dryer and Washer Repair Costa Mesa Washer & Dryer Repair Service Appliance Repair Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$835k
CAP Approach
CAP
$790k
Comparable Approach
Comparable
$542k
Blend (final)
Blend
$870k
Owner & transaction history
Zachary Wells · 1 yrs held
Zachary Wells
since 2025
Last sale
$950,000
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 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
$835,000
ML approach
$835,000
CAP Approach
CAP Return
Estimation
6%
$855,000
6.5%
$790,000
7%
$735,000
Blend value · Realmo final
$870k
Range $783k – $957k · ±10% · vs last sale $950k (Jan 22 2025)
Last sale anchor
$950k
Jan 22 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
$293 / 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
$11,798
Tax year 2024
Assessed value
$950,000
Assessed 2024
Previous assessed
$950,000
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$781,590
Assessed improvement
$168,410
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1965
Heating
NONE
Stories
1
Total area
2,974 SF
Lot
0.14 ac (6,000 SF)
APN
422-101-04
UPID
US09-1851969
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
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Zachary Wells
Individual
Mailing address
438 MAGNOLIA ST, COSTA MESA, CA 92627-2302
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 30, 2026
—
Wells Family Trust
—
Deed
related
$722,000 · Us Bank NA
Jan 22, 2025
—
Zachary Wells
Zachary Wells
Deed
related
—
Jan 21, 2025
—
Zachary Wells
Zachary Wells
Deed
related
$711,500 · United Wholesale Mortgage
Oct 26, 2023
$950,000
Zachary Wells
Arturo H Yoshimoto
Grant Deed
$712,500 · 5th Street Capital INC
Dec 12, 2022
—
Arturo H Yoshimoto
Arturo H Yoshimoto
Intrafamily Transfer
related
—
Feb 8, 2021
—
Arturo H Yoshimoto
Arturo Yoshimoto
Intrafamily Transfer
related
—
Jul 18, 2017
—
Arturo Yoshimoto
—
Deed
related
$520,000 · Bear Valley Shopping Center
Apr 6, 2012
$600,000
Arturo Yoshimoto
Hayashi Trust
Grant Deed
related
$300,000 · Masuko Hata
Oct 27, 2011
—
Hayashi Trust
Hayashi,leo & June M
Quit Claim Deed
related
—
Aug 12, 2009
—
Leo Hayashi
Hayashi Trust
Quit Claim Deed
related
—
—
—
Leo Hayashi
—
Deed Of Trust
related
$300,000 · Yu C Lin
—
—
Arturo Yoshimoto
—
Deed Of Trust
related
$520,000 · Bear Valley Shopping Center
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1988 Charle St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
