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    2402 Evergreen St Santa Ana, CA 92707-3522
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    Property profile & analytics

    2402 Evergreen St, Santa Ana, CA 92707-3522

    View on Map
    • Apartment buildings
    • 3,685 SF
    • 0.51 lot acres
    Off-Market
    Last Sale Jan 24, 2020
    $1,450,000
    Property ID
    US09-0154597
    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.
    Value Estimations
    $1,515,000
    Show details
    Cap Rate Potential
    3.7%
    Apartment buildings
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 2402 Evergreen St

    Year built
    1961
    Lot size
    0.51 lot acres
    Property type
    Apartment buildings
    APN
    016-134-23
    APU
    1613423

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 24, 2020 $1,450,000 Imagine Realty Group LLC Ts Holding Company LLC Grant Deed $760k · Fresno First Bank
    Sep 18, 2018 — Ts Holding Co LLC Nguyen,jan H Quit Claim Deed —
    Sep 7, 2018 $1,100,000 Jan H Nguyen Le Quyen,v Grant Deed —
    Dec 3, 2007 $890,000 Quyen V Le Le Christopher,l & Cathy H Grant Deed $650k · Fullerton Community Bank Fsb
    May 26, 2004 $900,000 Christopher L Le Mendoza,martin & Maria Grant Deed $615k · Fullerton Community Bank Fsb
    Dec 5, 2001 $360,000 Martin Mendoza Garrick Investments LLC Grant Deed $288k · Garrick Investments LLC
    Jun 16, 1999 — Garrick Inv Garrick, Quit Claim Deed · related —
    — — Martin Mendoza — Deed Of Trust · related $150k · Prenner Investors INC

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,600,000
      ML approach
      $1,555,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,875,000
      Market price range: $790k - $1.88M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $1,380,000
      Current use
      OFFICE BUILDING
      $2,035,000
      Change: +48% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $1,730,000
      Change: +25% Conversion: Difficult
      RETAIL STORES
      $1,415,000
      Change: +3% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Santa Ana
    County
    Orange
    State
    California
    Longitude
    -117.858
    Latitude
    33.7146
    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
    $18,902
    $1,072,202
    $482,490
    $1,554,692
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,180,000
      4,497 SF

      1423 Sycamore St

      APARTMENT HOUSE (5+ UNITS)
      1423 Sycamore St, Santa Ana, CA 92707-1725
      View Details
    • Value Estimation
      $1,275,000
      7,135 SF

      1414 Minnie St

      APARTMENT HOUSE (5+ UNITS)
      1414 Minnie St, Santa Ana, CA 92707-2049
      View Details
    • Value Estimation
      $46,345,000
      195,241 SF

      3258 Main St

      APARTMENT HOUSE (100+ UNITS)
      3258 Main St, Santa Ana, CA 92707
      View Details
    • Value Estimation
      $1,175,000
      6,054 SF

      1210 Borchard Ave

      APARTMENT HOUSE (5+ UNITS)
      1210 Borchard Ave, Santa Ana, CA 92707-2012
      View Details
    • Value Estimation
      $1,160,000
      6,215 SF

      1214 Borchard Ave

      APARTMENT HOUSE (5+ UNITS)
      1214 Borchard Ave, Santa Ana, CA 92707-2013
      View Details
    • Value Estimation
      $1,035,000
      7,135 SF

      1425 Standard Ave

      APARTMENT HOUSE (5+ UNITS)
      1425 Standard Ave, Santa Ana, CA 92707-2030
      View Details

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      Santa Ana Fourplex with Garage

      Four-unit building with remodeled units and garage parking.
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    Similar Nearby for Lease

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      Flex Office/Warehouse Space Available

      5,000 SF flex space near Downtown Santa Ana.
      1226 S Main St, Santa Ana, CA 92707
      View Details
    • Contact for pricing
      23,743 SF

      Office Space For Rent

      Office space available for rent.
      2 Macarthur Pl, Santa Ana, CA 92707
      View Details
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      2,700 SF

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      Industrial property for rent near First American Title campus.
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      Freestanding Warehouse with Fenced Areas

      Freestanding warehouse featuring private and shared fenced areas.
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      View Details
    • Contact for pricing
      97,967 SF

      Freestanding Industrial Building For Rent

      97,967 SF industrial building on 4.7 acres for lease.
      300 East Dyer Rd, Santa Ana, CA 92707
      View Details
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    Santa Ana, CA 92707-3522
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    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
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