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Property profile & analytics
OFF-MARKET
Estimated value
$25,645,000
Apartment buildings
23842 Avenida Majorca Laguna Woods, CA 92637
Trust Owned
10-yr Hold
Property ID
US09-3658816
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1965
Total area
147,594 SF
Lot
12.72 ac (553,933 SF)
APN
621-111-08
UPID
US09-3658816
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$25.65M
Owner & transaction history
Harmaning,j C JR Trust · 10 yrs held
Harmaning,j C JR Trust
since 2016
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 Laguna Woods submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Laguna Woods 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
$174 / 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
$323,207
Tax year 2024
Assessed value
$31,970,504
Assessed 2024
Previous assessed
$31,970,504
+0.0% YoY
Effective rate
1.01%
On assessed value
Assessed land
$21,131,769
Assessed improvement
$10,838,735
Applied tax rate
32.0000
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 (100+ UNITS)
Status
Off-Market
Year built
1965
Heating
NONE
Stories
2
Units
140
Total area
147,594 SF
Lot
12.72 ac (553,933 SF)
APN
621-111-08
UPID
US09-3658816
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
2
Units
140
Lot
12.72 ac
Current owner
From public records · entity-resolved
Harmaning,j C JR Trust
Trust
Mailing address
PO BOX 2220, LAGUNA HILLS, CA 92654-2220
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
40 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2021
—
Jane Lowe
—
Deed
related
$140,000 · National Cooperative Bank NA
Apr 26, 2021
—
Christopher C Dominguez
—
Deed
related
$90,000 · National Cooperative Bank NA
Feb 17, 2021
—
John H Stewart
—
Deed
related
$198,000 · National Cooperative Bank NA
Feb 1, 2021
—
Indu Nandlal Jani
—
Deed
related
$188,000 · National Cooperative Bank NA
Jan 29, 2021
—
Steven Edward Chapman
—
Deed
related
$289,000 · National Cooperative Bank NA
Jan 15, 2021
—
Patricia L Terry
—
Deed
related
$58,000 · National Cooperative Bank NA
Dec 30, 2020
—
Amy V Sexsmith
—
Deed
related
$110,000 · National Cooperative Bank NA
Jun 17, 2020
—
Jacqualyn J Riley
—
Deed
related
$199,900 · National Cooperative Bank NA
Feb 11, 2020
—
Steven Edward Chapman
—
Deed
related
$288,000 · National Cooperative Bank NA
May 13, 2019
—
Jane Lowe
—
Deed
related
$143,200 · Ncb Fsb
Jul 31, 2018
—
Daniel T Cervantes
—
Deed
related
$209,520 · National Cooperative Bk
Jul 8, 2016
—
Harmaning,j C JR Trust
Harmaning,james C JR
Quit Claim Deed
related
—
Feb 18, 2015
$189,000
Federal Natl Mtg Assn
Mtc Financial INC|winkelman Vivian A
Trustees Deed
related
—
Jun 29, 2011
$55,000
Ncb Fsb
Robert E Weiss INC
Trustees Deed
related
—
Sep 21, 2004
—
Louise Vanbibber
Vanbibber,james H
Quit Claim Deed
related
—
Sep 8, 1988
—
William Brawner
—
Deed Of Trust
related
—
—
—
Joseph Quinn
—
Deed Of Trust
related
$80,000 · Ncb Savings Bank
—
—
Yong Chu
—
Deed Of Trust
related
$124,000 · Ncb Savings Bank
—
—
Carol S Feldman
—
Deed Of Trust
related
$62,000 · Ncb Savings Bank
—
—
Mencher,sherry J 2007 Trust
—
Deed Of Trust
related
$126,750 · Ncb Svgs Bk
—
—
Thomas Nash
—
Deed Of Trust
related
$121,500 · Ncb Savings Bank
—
—
Sharon Wu
—
Deed Of Trust
related
$115,200 · Ncb Savings Bank
—
—
Daniel T Cervantes
—
Deed Of Trust
related
$209,520 · National Cooperative Bk
—
—
Amy V Sexsmith
—
Deed Of Trust
related
$118,500 · Ncb Savings Bank
—
—
John S Budd
—
Deed Of Trust
related
$25,000 · Wescom Cu
—
—
Marvin Anderson
—
Deed Of Trust
related
—
—
—
Margarit Meillon
—
Deed Of Trust
related
$36,000 · First Interstate Bank Californ
—
—
Donald Steffler
—
Deed Of Trust
related
$35,000 · First Interstate Bank Californ
—
—
Lawrenc Friedman
—
Deed Of Trust
related
$46,500 · El Dorado Savings Bank
—
—
Oscar Brynen
—
Deed Of Trust
related
$30,000 · El Dorado Savings Bank
—
—
Helen L Robbins
—
Deed Of Trust
related
$46,125 · El Dorado Savings Bank
—
—
David S Trenary
—
Deed Of Trust
related
$222,300 · Ncb Savings Bank
—
—
Sally S Debelles
—
Deed Of Trust
related
$28,900 · Komp Loren C
—
—
John E Schmalzer
—
Deed Of Trust
related
$66,000 · Mckay Jean E
—
—
Schauben Rhea
—
Deed Of Trust
related
$40,000 · First Interstate Bank Californ
—
—
Otoole James M
—
Deed Of Trust
related
—
—
—
Margaret Hufft
—
Deed Of Trust
related
$20,000 · First Interstate Bank Californ
—
—
Ethel Goldstein
—
Deed Of Trust
related
$25,000 · First Interstate Bank Californ
—
—
Paul V Parrent
—
Deed Of Trust
related
$125,000 · Ncb Savings Bank
—
—
Dominguez Milchak Family Trust
—
Deed Of Trust
related
$192,400 · California Bank & Trust
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
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