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Property profile & analytics
OFF-MARKET
Estimated value
$1,360,000
Residential income homes
2330 Iris Ct, Fullerton, CA 92833-4326
Individually Owned
4-yr Hold
Absentee Owner
Property ID
US10-3185725
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1962
Total area
3,348 SF
Lot
0.22 ac (9,670 SF)
APN
071-471-30
UPID
US10-3185725
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.37M
CAP Approach
CAP
$930k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.36M
Owner & transaction history
Kie L Soohoo · 4 yrs held
Kie L Soohoo
since 2022
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.6M
+33.1%
Auto repair, garage
$1.5M
+26.5%
Office building
$1.4M
+21.7%
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 Fullerton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fullerton 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
$1,325,000
ML approach
$1,365,000
CAP Approach
CAP Return
Estimation
6%
$1,010,000
6.5%
$930,000
7%
$865,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,180,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,570,000
Change: +33% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,495,000
Change: +27% · Conversion: Difficult
OFFICE BUILDING
$1,435,000
Change: +22% · Conversion: Moderate
RETAIL STORES
$1,160,000
Change: -2% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,150,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$1.36M
Range $1.22M – $1.50M · ±10% · vs last sale $1.59M (May 17 2022)
Last sale anchor
$1.59M
May 17 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
$406 / 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
$18,674
Tax year 2024
Assessed value
$1,650,074
Assessed 2024
Previous assessed
$1,650,074
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$1,509,402
Assessed improvement
$140,672
Applied tax rate
3.0000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1962
Heating
NONE
Units
4
Total area
3,348 SF
Lot
0.22 ac (9,670 SF)
APN
071-471-30
UPID
US10-3185725
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
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.4M
RETAIL STORES
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
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
1962
Heating
NONE
Units
4
Lot
0.22 ac
Current owner
From public records · entity-resolved
Kie L Soohoo
Individual
Mailing address
22791 CHANNEL VW, LAGUNA NIGUEL, CA 92677-5416
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 17, 2022
—
Kie L Soohoo
Lem Soohoo Kie
Intrafamily Transfer
related
—
Mar 2, 2022
$1,586,000
Lem Soohoo Kie
Ngoc Thuy Vi Ha
Grant Deed
$613,000 · General Mortgage Capital Corp
Sep 5, 2017
$960,000
Thuy V N Ha
Sanchez Miguel & C Trust
Grant Deed
—
Apr 6, 2016
—
Sanchez,miguel & Cynthia Trust
Sanchez,miguel & Cynthia
Quit Claim Deed
related
—
Aug 13, 2010
$500,500
Miguel P Sanchez
Bank Of America NA
Grant Deed
$375,375 · Broadview Mortgage
Feb 16, 2010
$545,000
Bank Of America NA
First American Loanstar Te
Trustees Deed
related
—
Sep 12, 2005
$839,500
Mohammed B Khan
David Sebastian Nicastro
Grant Deed
$671,000 · Wells Fargo Bank NA
Mar 21, 1997
$8,500
Lindsay O Latham
Suyog Trust
Grant Deed
related
—
Jun 8, 1988
$270,000
Sharad Dandekar
Giacoletti Samue
Trustees Deed
$216,000 · Home Savings Of America
—
—
David S Nicastro
—
Deed Of Trust
related
$178,000 · Washington Mutual Fsb
—
—
Sharad Dandekar
—
Deed Of Trust
related
—
—
—
David S Nicastro
—
Deed Of Trust
related
$310,000 · Pacific Mercantile Bank
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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