Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2340 Grand Ave Santa Ana, CA 92705-8710

    • Apartment buildings
    • 5,708 SF
    • 0.97 lot acres
    OFF-MARKET
    Last Sale
    Jun 18, 2025
    Value Estimations
    $1,125,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-2842779
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Grand Avenue Apartments / Apartment Complex / Apartment Building
    • Sunshine Income Tax, Bookkeeping and Services / Income Tax Help Association

    Property Details for 2340 Grand Ave

    Year built
    1971
    Lot size
    0.97 lot acres
    Property size
    5,708 SF
    Property type
    Apartment buildings
    APN
    396-232-37
    APU
    39623237

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,530,000
      6.5%
      $1,410,000
      7%
      $1,310,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,835,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Santa Ana
    County
    Orange
    State
    California
    Longitude
    -117.852
    Latitude
    33.7691
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $23,557
    $430,157
    $852,869
    $1,283,026
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,935,000
      14,385 SF

      13862 Ponderosa St

      APARTMENT HOUSE (5+ UNITS) • 14,385 SF
      13862 Ponderosa St, Santa Ana, CA 92705-7937
      View Details
    • Value Estimation by Request
      1,804 SF

      2330 Grand Ave

      APARTMENT HOUSE (5+ UNITS) • 1,804 SF
      2330 Grand Ave, Santa Ana, CA 92705-8711
      View Details
    • Value Estimation by Request
      25,708 SF

      1221 Beechwood St Sta, Unit A

      APARTMENT HOUSE (5+ UNITS) • 25,708 SF
      1221 Beechwood St Sta, Santa Ana, CA 92705-8718
      View Details
    • Value Estimation
      $1,920,000
      14,174 SF

      13892 Ponderosa St

      APARTMENT HOUSE (5+ UNITS) • 14,174 SF
      13892 Ponderosa St, Santa Ana, CA 92705-7936
      View Details
    • Value Estimation
      $14,445,000
      68,855 SF

      1200 Fairhaven Ave

      APARTMENT HOUSE (5+ UNITS) • 68,855 SF
      1200 Fairhaven Ave, Santa Ana, CA 92705-6760
      View Details
    • Value Estimation
      $19,185,000
      147,507 SF

      1300 Fairhaven Ave

      APARTMENT HOUSE (100+ UNITS) • 147,507 SF
      1300 Fairhaven Ave, Santa Ana, CA 92705-8739
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      125,043 SF

      Santa Ana Office/Apartment Complex

      Value-add multifamily & medical office opportunity
      400 Tustin Ave, Santa Ana, CA 92705
      View Details
    • $489,800

      Remodeled End-Unit with Garage

      Turnkey 2-bedroom home near Old Town Tustin with modern upgrades.
      1723 Normandy Pl, Santa Ana, CA 92705
      View Details
    • $368,000
      1,320 SF

      Santa Ana Senior Park Home

      Comfortable 2-bedroom, 2-bath home in a 55+ Santa Ana community.
      2512 View Lk, Santa Ana, CA 92705
      View Details
    • $2,050,000

      Well-Maintained Fourplex in Santa Ana

      Four-unit property with recent upgrades and income potential.
      2318 Franzen Ave, Santa Ana, CA 92705
      View Details
    • $740,000

      Santa Ana Townhome with Upgrades

      Two-bedroom townhome with modern upgrades and convenient location.
      253 E Jeanette Ln, Santa Ana, CA 92705
      View Details
    • $434,500
      1,703 SF

      Santa Ana Senior Living Residence

      Senior living residence featuring updated kitchen, private patio, and garden.
      2508 View Lk, Santa Ana, CA 92705
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      9,513 SF

      Santa Ana Retail Space: Park & Paseo

      Prime Santa Ana retail, multiple suites available.
      1901 Dyer Rd, Santa Ana, CA 92705
      View Details
    • $4,750 /Mo
      1,564 SF

      Corner-Unit Townhome in Gated Community

      Well-maintained 3-bedroom, 2.5-bathroom townhome with ample natural light.
      609 S Lyon St, Santa Ana, CA 92705
      View Details
    • Contact for pricing
      4,054 SF

      Santa Ana Medical Office Building

      Prime Medical Office, 4,054 SF, Vacant
      999 Tustin Ave, Santa Ana, CA 92705
      View Details
    • $27 SF/Yr
      1,838 SF

      Santa Ana Fitness Center Space

      1,838 SF Retail Fitness Space in Santa Ana
      2850 Main St, Santa Ana, CA 92705
      View Details
    • $2.00 SF/Yr
      3,278 SF

      Santa Ana Office Space Available

      Second floor office space featuring multiple offices and conference room.
      1801 E Edinger Ave, Santa Ana, CA 92705
      View Details
    • $1.40 SF/Yr
      4,200 SF

      Industrial Space with Mezzanine Storage

      Multi-tenant building featuring reception, offices, and convenient freeway access.
      1534 E Edinger Ave, Santa Ana, CA 92705
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2340 Grand Ave
    Santa Ana, CA 92705-8710
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.