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Property profile & analytics
OFF-MARKET
Apartment buildings
24322 Avenida Majorca Laguna Woods, CA 92637
Individually Owned
4-yr Hold
Property ID
US09-3781343
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1964
Total area
140,096 SF
Lot
11.61 ac (505,868 SF)
APN
621-061-02
UPID
US09-3781343
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
by Request
Owner & transaction history
May V Chang · 4 yrs held
May V Chang
since 2021
Last sale
$101,000
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
—
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
$296,584
Tax year 2024
Assessed value
$29,042,294
Assessed 2024
Previous assessed
$29,042,294
+0.0% YoY
Effective rate
1.02%
On assessed value
Assessed land
$18,698,015
Assessed improvement
$10,344,279
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
1964
Heating
NONE
Stories
2
Units
132
Total area
140,096 SF
Lot
11.61 ac (505,868 SF)
APN
621-061-02
UPID
US09-3781343
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
1964
Heating
NONE
Stories
2
Units
132
Lot
11.61 ac
Current owner
From public records · entity-resolved
May V Chang
Individual
Mailing address
PO BOX 2220, LAGUNA HILLS, CA 92654-2220
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
62 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 24, 2021
—
May V Chang
Chow Chang Ker
Intrafamily Transfer
related
$144,000 · National Cooperative Bank NA
Apr 9, 2021
—
Ruth I Tice
—
Deed
related
$140,000 · National Cooperative Bank NA
Oct 1, 2020
—
Joyce C L Cheng
—
Deed
related
$270,000 · National Cooperative Bk
Jul 28, 2020
—
Joyce M Marr
—
Deed
related
$225,000 · National Cooperative Bank NA
Jul 9, 2020
—
Hanson,ann D Trust
Ann D Hanson
Affidavit Of Death
related
—
Jun 29, 2020
—
Marta Fenyes
Marta Fenyes
Affidavit Of Death Of Joint Tenant
related
$220,000 · National Cooperative Bank NA
Jun 8, 2020
—
Jodeane Farrell
John W Stevens
Affidavit Of Death
$180,000 · National Cooperative Bank NA
Apr 14, 2020
—
Peter Levy
—
Deed
related
$204,000 · National Cooperative Bank NA
Apr 7, 2020
—
Omeid J Eshraghi
Amir H Eshraghi
Affidavit Of Death
related
—
Nov 27, 2019
—
Gina Rawson
—
Deed
related
$140,000 · National Cooperative Bank NA
Nov 14, 2019
—
David A Deraita
—
Deed
related
$135,000 · National Cooperative Bank NA
Oct 1, 2019
—
Peter K Foley
—
Deed
related
$163,750 · National Cooperative Bank NA
Sep 20, 2019
—
Owner Name Unavailable
Woodson,charles P
Affidavit Of Death
related
$240,000 · National Cooperative Bank NA
Aug 22, 2019
—
Linda A Pabian
—
Deed
related
$144,000 · National Cooperative Bank NA
Jan 25, 2019
—
Frank Hlifka
—
Deed
related
$160,000 · Ncb Fsb
May 30, 2018
—
Joanne F Foote
—
Deed
related
$110,000 · Ncb Fsb
Feb 14, 2017
—
Cathie G Wilson
—
Deed
related
$152,000 · National Cooperative Bk
Sep 29, 2016
—
Elizabeth E Breazeale
—
Deed
related
$268,000 · National Cooperative Bk
Aug 22, 2016
—
Robert C Barnhart
—
Deed
related
$132,000 · National Cooperative Bk
Aug 2, 2016
—
Margaret M Glasspool
—
Deed
related
$172,000 · National Cooperative Bk
Jul 8, 2016
—
Harmaning,j C JR Trust
Harmaning,james C JR
Quit Claim Deed
related
—
Nov 4, 2015
—
Michael J Incardone
Pamela S Incardone
Affidavit Of Death Of Joint Tenant
related
—
May 29, 2014
$101,000
Avenida,majorca Trust 136-u
Clear Recon Corp
Trustees Deed
related
—
May 5, 2014
$146,000
Federal Natl Mtg Assn
Mtc Financial INC
Trustees Deed
related
—
Oct 9, 2013
$155,000
Federal Natl Mtg Assn Fnma
Clear Recon Corp
Trustees Deed
related
—
Jul 12, 2013
—
Samuel Levy
Levy,karine
Quit Claim Deed
related
$123,000 · Ncb Savings Bank
May 3, 2012
—
Eshraghi Soroush Trust
Farzaneh,parvin D S
Grant Deed
—
Aug 4, 2011
—
Nancy Yagan
Yagan,marshall L
Quit Claim Deed
related
—
May 3, 2011
$87,000
Federal Natl Mtg Assn Fnma
Mtc Financial INC
Trustees Deed
related
—
Mar 22, 2011
$65,000
Federal Natl Mtg Assn Fnma
Asset Foreclosure Svcs INC
Trustees Deed
related
—
Nov 8, 2010
$239,237
Federal Natl Mtg Assn Fnma
Robert E Weiss INC
Trustees Deed
related
—
Jul 8, 2010
$99,000
Ncb Fsb
Robert E Weiss INC
Trustees Deed
related
—
Mar 4, 2010
$274,319
Federal Natl Mtg Assn Fnma
Robert E Weiss INC
Trustees Deed
related
—
Jul 24, 2007
—
Lynn Hamm
Hamm,earl W
Quit Claim Deed
related
$127,500 · Ncb Savings Bank
Oct 28, 2005
—
Ramonda R Harling
Harling,brian A
Quit Claim Deed
related
$60,000 · Ncb Savings Bank
Oct 2, 1992
—
Anne Gilbert
Gilbert,b
Quit Claim Deed
related
$55,200 · Individual
—
—
Ali Minaei
—
Deed Of Trust
related
$97,500 · Ncb Savings Bank
—
—
Hsianglin T Kao
—
Deed Of Trust
related
$68,000 · Ncb Savings Bank
—
—
Anthony Tarvin
—
Deed Of Trust
related
$170,900 · Ncb Savings Bank
—
—
Dianne E Johnson
—
Deed Of Trust
related
$156,000 · Ncb Savings Bank
—
—
Cathie G Wilson
—
Deed Of Trust
related
$152,000 · National Cooperative Bk
—
—
Brian J Hechter
—
Deed Of Trust
related
$80,000 · Avenida Partners LLC
—
—
Elizabeth E Breazeale
—
Deed Of Trust
related
$268,000 · National Cooperative Bk
—
—
Joyce C L Cheng
—
Deed Of Trust
related
$270,000 · National Cooperative Bk
—
—
Katherine Cavitt
—
Deed Of Trust
related
$25,000 · First Interstate Bank Californ
—
—
Patrick L Meek
—
Deed Of Trust
related
$87,000 · Anthony M Orioli
—
—
Tina N Giannola
—
Deed Of Trust
related
$120,000 · National Cooperative Bk
—
—
Louis R Mayers
—
Deed Of Trust
related
$60,000 · Eldorado Bank
—
—
Robert E Sellards
—
Deed Of Trust
related
$297,992 · Ncb Savings Bank
—
—
Phenecie,tr
—
Deed Of Trust
related
$140,000 · Ncb Savings Bank
—
—
Donna D Drauden
—
Deed Of Trust
related
$60,300 · Ncb Savings Bank
—
—
Robert F Whitley
—
Deed Of Trust
related
$15,000 · El Dorado Savings Bank
—
—
Elbert G Vaughn
—
Deed Of Trust
related
$190,000 · Ncb Savings Bank
—
—
Elsbernd Vincent H & Mary E Tr
—
Deed Of Trust
related
$119,600 · Ncb Savings Bank
—
—
Evans Elizabeth L Family Trust
—
Deed Of Trust
related
$314,930 · Ncb Savings Bank
—
—
Judith L Gaither
—
Deed Of Trust
related
$144,000 · Ncb Savings Bank
—
—
Marvin Fishbein
—
Deed Of Trust
related
$54,000 · Ncb Savings Bank
—
—
Margaret M Glasspool
—
Deed Of Trust
related
$172,000 · National Cooperative Bk
—
—
Jack E Stout
—
Deed Of Trust
related
$154,375 · Ncb Savings Bank
—
—
Wayne E Taylor
—
Deed Of Trust
related
$124,000 · Ncb Savings Bank
—
—
Carol Bagley
—
Deed Of Trust
related
$157,225 · Ncb Savings Bank
—
—
Robert C Barnhart
—
Deed Of Trust
related
$132,000 · National Cooperative Bk
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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