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Property profile & analytics
OFF-MARKET
Estimated value
$5,220,000
Apartment buildings
2115 Placentia Ave Costa Mesa, CA 92627-3392
Individually Owned
21-yr Hold
Absentee Owner
Property ID
US09-3113790
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1960
Total area
28,439 SF
Lot
0.82 ac (35,810 SF)
APN
422-454-27
UPID
US09-3113790
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
-
Apartment Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.22M
Owner & transaction history
Diversified Investors Pacific · 21 yrs held
Diversified Investors Pacific
since 2004
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$184 / 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
$67,523
Tax year 2024
Assessed value
$5,029,357
Assessed 2024
Previous assessed
$5,029,357
+0.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$3,893,387
Assessed improvement
$1,135,970
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1960
Heating
NONE
Stories
2
Units
38
Total area
28,439 SF
Lot
0.82 ac (35,810 SF)
APN
422-454-27
UPID
US09-3113790
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
1960
Heating
NONE
Stories
2
Units
38
Lot
0.82 ac
Current owner
From public records · entity-resolved
Diversified Investors Pacific
Individual
Mailing address
556 E THELBORN ST, COVINA, CA 91723-3623
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2004
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 2, 2025
—
Pacific Diversified Investors No 4
—
Deed
related
$4,000,000 · Preferred Bank
Mar 18, 2021
—
Pacific Diversified Investors No 4
—
Deed
related
$5,000,000 · Farmers & Merchants Bank Of Long Beach
Aug 10, 2004
—
Diversified Investors Pacific
Muradliyan,jack A
Grant Deed
related
—
Jun 1, 1988
—
Jack Muradliyan
Muradliyan Anna
Quit Claim Deed
related
—
Jun 1, 1988
$673,000
Jack Muradliyan
Fuller Leslie
Trustees Deed
related
—
—
—
Jack Muradliyan
—
Deed Of Trust
related
$2,480,000 · Pff Bank & Trust
—
—
Jack Muradliyan
—
Deed Of Trust
related
$1,625,000 · Universal Savings Bank
—
—
Jack Muradliyan
—
Deed Of Trust
related
$100,000 · Thrall Trust
—
—
Jack Maradiryan
—
Deed Of Trust
related
$350,000 · Universal Bank
—
—
Jack Muradiyan
—
Deed Of Trust
related
$650,000 · Universal Bank
—
—
Joseph Quintana
—
Deed Of Trust
related
$230,000 · Union Bank Of California
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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