Technical
Financial
Distress signals
Property profile

224 Avocado St Costa Mesa, CA 92627

OFF-MARKET
Apartment buildings
Property ID
US09-2517695
14,115 SF 0.68 ac lot Built 1976
Individually Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1976
Total area 14,115 SF
Lot 0.68 ac (29,757 SF)
APN 419-012-18
UPID US09-2517695

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

224 Avocado St Costa Mesa, CA 92627-1681
Costa Mesa metro Census 63906 LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$5.91M
CAP Approach CAP
$4.61M
Comparable Approach Comparable
by Request
Blend (final) Blend
$5.91M

Owner & transaction history

since 2024
Last sale
$5.9M
6 recorded transactions
2024
$5.9M
2024
Price N/A
2021
Price N/A
2017
Price N/A
2016
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Restaurant $9.6M +42.4%
Industrial (general) $9.0M +33.2%
Retail stores $8.6M +27.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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