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Property profile & analytics
OFF-MARKET
Estimated value
$5,760,000
Apartment buildings
2529 Coast Hwy Laguna Beach, CA 92651-3961
Individually Owned
5-yr Hold
Absentee Owner
Property ID
US09-0579424
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1935
Total area
8,065 SF
Lot
0.65 ac (28,519 SF)
APN
656-114-13
UPID
US09-0579424
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
Current use
Occupant on record · Public records
-
Vincent’s Beach Park
-
Katie’s Beach Beach Pavillion
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.97M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.76M
Owner & transaction history
Kelly Gwin · 5 yrs held
Kelly Gwin
since 2020
Last sale
$5.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$7.5M
+138.0%
Restaurant
$5.5M
+75.7%
Retail stores
$3.9M
+25.5%
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 Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Laguna Beach 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
$6,075,000
ML approach
$5,970,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$7,455,000
Change: +138% · Conversion: Moderate
RESTAURANT
$5,505,000
Change: +76% · Conversion: Difficult
RETAIL STORES
$3,930,000
Change: +25% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,785,000
Change: +21% · Conversion: Difficult
OFFICE BUILDING
$3,615,000
Change: +15% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,600,000
Change: +15% · Conversion: Difficult
Blend value · Realmo final
$5.76M
Range $5.18M – $6.34M · ±10% · vs last sale $5.50M (Aug 31 2020)
Last sale anchor
$5.50M
Aug 31 2020
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
$714 / 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
$37,162
Tax year 2024
Assessed value
$3,036,672
Assessed 2024
Previous assessed
$3,036,672
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$2,125,671
Assessed improvement
$911,001
Applied tax rate
5.0000
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 (5+ UNITS)
Status
Off-Market
Year built
1935
Heating
NONE
Units
8
Total area
8,065 SF
Lot
0.65 ac (28,519 SF)
APN
656-114-13
UPID
US09-0579424
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
COMMERCIAL (GENERAL)
Est. value
$7.5M
RESTAURANT
Est. value
$5.5M
RETAIL STORES
Est. value
$3.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.8M
OFFICE BUILDING
Est. value
$3.6M
AUTO REPAIR, GARAGE
Est. value
$3.6M
COMMERCIAL (GENERAL)
RESTAURANT
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1935
Heating
NONE
Units
8
Lot
0.65 ac
Current owner
From public records · entity-resolved
Kelly Gwin
Individual
Mailing address
14 MONARCH BAY PLZ #212, MONARCH BEACH, CA 92629-3467
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
24 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2020
$5,500,000
Kelly Gwin
Fls Business Center LLC
Grant Deed
$5,000,000 · Fls Business Center LLC
May 28, 2020
$12,500,000
Fls Business Center LLC
Villa Rockledge Lllp
Grant Deed
—
Dec 26, 2012
$12,750,000
Villa Rockledge Lllp
Rockledge Partners LP
Grant Deed
—
Jun 29, 2010
—
Rockledge Partners LP
Jones Of Bottjer Trust
Grant Deed
—
May 30, 2007
—
Jones Of Bottjer Trust
Jones,roger W
Quit Claim Deed
related
—
Jan 26, 2007
—
Jones Roger W Trust
Jones,roger W
Quit Claim Deed
related
—
Jan 24, 2007
—
Roger W Jones
Jones Roger W Trust
Quit Claim Deed
related
$500,000 · Resource Mortgage Banking Ltd
Nov 2, 2006
—
Jones Roger W Trust
Jones,roger W
Quit Claim Deed
related
—
Oct 26, 2006
—
Roger W Jones
Jones Roger W Trust
Quit Claim Deed
related
$5,704,000 · Resource Mortgage Banking Ltd
Jun 28, 1999
—
Roger Jones
Jones,
Quit Claim Deed
related
—
Jun 23, 1999
—
Roger Jones
Jones,
Quit Claim Deed
related
—
Jan 14, 1992
—
Roger W Jones
Jones Trust
Quit Claim Deed
related
$600,000 · California United Bank
—
—
Jones Trust
—
Deed Of Trust
related
$1,000,000 · Wells Fargo Home Mortgage INC
—
—
Roger W Jones
—
Deed Of Trust
related
$110,000 · Great American Fed'l Savings
—
—
Jones Trust
—
Deed Of Trust
related
$1,500,000 · Wells Fargo Home Mortgage INC
—
—
Roger W Jones
—
Deed Of Trust
related
$1,475,000 · Washington Mutual Fsb
—
—
Jones Trust
—
Deed Of Trust
related
$538,000 · Gmac Mortgage Corp
—
—
Roger W Jones
—
Deed Of Trust
related
$390,000 · Great American Fed'l Savings
—
—
Jones,tr
—
Deed Of Trust
related
$1,500,000 · Wells Fargo Home Mortgage INC
—
—
Jones Trust
—
Deed Of Trust
related
$500,000 · Wells Fargo Bank
—
—
Jones Trust
—
Deed Of Trust
related
$300,000 · National Bank Southern Ca
—
—
Jones Trust
—
Deed Of Trust
related
$100,000 · Wells Fargo Bank
—
—
Jones Trust
—
Deed Of Trust
related
$500,000 · Wells Fargo Bank West NA
—
—
Jones,tr
—
Deed Of Trust
related
$1,500,000 · Wells Fargo Home Mortgage INC
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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