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

    2642 Porter Ave Fullerton, CA 92833-3557

    • Apartment buildings
    • 7,281 SF
    • 0.34 lot acres
    OFF-MARKET
    Last Sale
    Apr 08, 2024
    Value Estimations
    $1,315,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-1107676
    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

    • Porter Manor Apartments / Apartment Building

    Property Details for 2642 Porter Ave

    Year built
    1962
    Lot size
    0.34 lot acres
    Property size
    7,281 SF
    Property type
    Apartment buildings
    APN
    071-323-35
    APU
    7132335

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fullerton
    County
    Orange
    State
    California
    Longitude
    -117.975
    Latitude
    33.8599
    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
    $17,091
    $964,307
    $339,189
    $1,303,496
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,410,000
      15,694 SF

      1521 Gilbert St

      APARTMENT HOUSE (5+ UNITS) • 15,694 SF
      1521 Gilbert St, Fullerton, CA 92833-4344
      View Details
    • Value Estimation
      $5,145,000
      37,579 SF

      215 Gilbert St

      APARTMENT HOUSE (5+ UNITS) • 37,579 SF
      215 Gilbert St, Fullerton, CA 92833-2935
      View Details
    • Value Estimation
      $3,005,000
      11,330 SF

      2452 Orangethorpe Ave

      APARTMENT HOUSE (5+ UNITS) • 11,330 SF
      2452 Orangethorpe Ave, Fullerton, CA 92833-4255
      View Details
    • Value Estimation
      $5,635,000
      31,922 SF

      2318 Orangethorpe Ave

      APARTMENT HOUSE (5+ UNITS) • 31,922 SF
      2318 Orangethorpe Ave, Fullerton, CA 92833-4315
      View Details
    • Value Estimation
      $1,095,000
      5,905 SF

      133 Pritchard Ave

      APARTMENT HOUSE (5+ UNITS) • 5,905 SF
      133 Pritchard Ave, Fullerton, CA 92833-2551
      View Details
    • Value Estimation
      $625,000
      3,808 SF

      1078 Ww Ave

      APARTMENT HOUSE (5+ UNITS) • 3,808 SF
      1078 Ww Ave, Fullerton, CA 92833-3329
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Fullerton RV in Mobile Park

      Charming 2-bedroom RV in a well-kept Fullerton mobile park.
      1850 W Orangethorpe Ave, Fullerton, CA 92833
      View Details
    • $849,000

      Remodeled Duplex Near Cal State

      Fullerton duplex with remodeled units, near Cal State Fullerton.
      433 Basque Ave N Basque, Fullerton, CA 92833
      View Details
    • $819,000
      1,406 SF

      Renovated Townhome with Dual Suites

      Stylish, renovated townhome with dual primary suites and resort-style amenities.
      1615 Via Linda, Fullerton, CA 92833
      View Details
    • $2,999,888
      5,246 SF

      Fullerton Mixed-Use Investment Opportunity

      Two-story commercial property with retail, office, and residential units.
      4014 W Commonwealth Ave, Fullerton, CA 92833
      View Details
    • $2,999,888
      5,246 SF

      Fullerton Mixed-Use Investment Opportunity

      Two-story commercial property with retail, office, and residential spaces.
      4014 W Commonwealth Ave, Fullerton, CA 92833
      View Details
    • $3,150,000

      Fullerton Specialty Property Available

      Specialty property for sale in Fullerton, California.
      3750 Franklin Ave, Fullerton, CA 92833
      View Details

    Similar Nearby for Lease

    • $3,700 /Mo
      1,186 SF

      Refreshed Condo in Malvern Creek

      2-bedroom, 2.5-bath condo with community pool, spa, and clubhouse.
      2320 Sandbar Dr, Fullerton, CA 92833
      View Details
    • $3,200 /Mo
      888 SF

      Cozy End-Unit Apartment with Garage

      Unfurnished 2-bedroom apartment with updated kitchen, garage, and amenities.
      2576 Coventry Cir, Fullerton, CA 92833
      View Details
    • $3,200 /Mo

      Upgraded Condo in Amberwood Community

      Modern condo with upgraded finishes, private patio, and community amenities.
      1715 N Gilbert St, Fullerton, CA 92833
      View Details
    • Contact for pricing
      62,697 SF

      Refrigerated Warehouse Space Available

      Refrigerated warehouse with freezer, cooler, and dock access.
      500 Burning Tree Rd, Fullerton, CA 92833
      View Details
    • $1.60 SF/Yr
      1,650 SF

      Warehouse Space Available for Sublease

      Warehouse space available now through 12/31/2026 in Airport Commerce Center.
      3525 W Commonwealth Ave, Fullerton, CA 92833
      View Details
    • Contact for pricing

      Fullerton Office Building - 100% Leased

      Fully leased office building in Fullerton, CA. No current availability.
      1021 W Bastanchury Rd, Fullerton, CA 92833
      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.
    2642 Porter Ave
    Fullerton, CA 92833-3557
    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.