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Property profile & analytics
OFF-MARKET
Estimated value
$5,650,000
Apartment buildings
283 Avocado St C Costa Mesa, CA 92627-5628
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1440255
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1973
Total area
14,159 SF
Lot
0.43 ac (18,592 SF)
APN
419-071-20
UPID
US09-1440255
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
-
Loft Apartments Apartment Building
-
Grande Car Accident Lawyer Network Law Firm
-
Dessa (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.65M
CAP Approach
CAP
$4.63M
Comparable Approach
Comparable
$3.55M
Blend (final)
Blend
$5.65M
Owner & transaction history
Cdt Avocado LLC · 3 yrs held
Cdt Avocado LLC
since 2022
Last sale
$5.7M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$9.0M
+33.2%
Retail stores
$8.7M
+27.5%
Commercial (general)
$8.6M
+26.3%
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 Costa Mesa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Costa Mesa 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
$5,650,000
ML approach
$5,650,000
CAP Approach
CAP Return
Estimation
6%
$5,010,000
6.5%
$4,625,000
7%
$4,295,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$6,785,000
Current use
INDUSTRIAL (GENERAL)
$9,040,000
Change: +33% · Conversion: Difficult
RETAIL STORES
$8,650,000
Change: +27% · Conversion: Difficult
COMMERCIAL (GENERAL)
$8,570,000
Change: +26% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$6,640,000
Change: -2% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,315,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$5.65M
Range $5.09M – $6.22M · ±10% · vs last sale $5.65M (Oct 22 2024)
Last sale anchor
$5.65M
Oct 22 2024
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
$399 / 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
$23,684
Tax year 2024
Assessed value
$1,887,000
Assessed 2024
Previous assessed
$1,887,000
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$1,213,659
Assessed improvement
$673,341
Applied tax rate
15.0000
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
1973
Heating
NONE
Stories
2
Units
24
Total area
14,159 SF
Lot
0.43 ac (18,592 SF)
APN
419-071-20
UPID
US09-1440255
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$6.8M
INDUSTRIAL (GENERAL)
Est. value
$9.0M
RETAIL STORES
Est. value
$8.7M
COMMERCIAL (GENERAL)
Est. value
$8.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.6M
AUTO REPAIR, GARAGE
Est. value
$6.3M
APARTMENT HOUSE (5+ UNITS) Current
INDUSTRIAL (GENERAL)
RETAIL STORES
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
1973
Heating
NONE
Stories
2
Units
24
Lot
0.43 ac
Current owner
From public records · entity-resolved
Cdt Avocado LLC
Entity
Mailing address
660 NEWPORT CTR DR STE #1450, NEWPORT BEACH, CA 92660-6452
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2022
$7,050,000
Cdt Avocado LLC
Danielle D Arlin
Grant Deed
$6,000,000 · Danielle Arlin
Feb 10, 1995
$1,550,000
Gregory Trust
Seguin Trust
Grant Deed
$1,000,000 · World Savings & Loan
Mar 28, 1991
—
Seguin Jeff W
Seguin Jeff W
Quit Claim Deed
related
$600,000 · World Savings & Loan
—
—
Danielle Darlin
—
Deed Of Trust
related
$503,000 · Union Bank
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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