315 Garnsey St Santa Ana, CA 92701-5493
Entity Owned
1-yr Hold
Absentee Owner
Estimated value (blended)
$775k
Range $698k – $853k (±10%)
Property ID
US09-1134613
Property summary
AI-generated overview
This 5-unit apartment building in Santa Ana, CA, presents a compelling value-add opportunity. Built in 1964, the property comprises 3,036 square feet on a 6,098 square foot lot and features five one-bedroom units, three garage spaces, four open parking spaces, and an on-site laundry facility. Currently generating a NOI of $41,344 and a 3.18% cap rate, the property offers significant upside potential. Pro-forma NOI is projected at $77,952, resulting in a 6.00% pro-forma cap rate. The asking price is $1,300,000, or $260,000 per unit. The property's location in the Heninger Park neighborhood offers convenient access to Downtown Santa Ana (1.1 miles), the 4th Street Market, Santa Ana College (1.8 miles), and the 5 Interstate. The potential for converting garages into an additional dwelling unit (ADU) further enhances the investment potential, though verification with the City of Santa Ana is required. This property is ideal for investors seeking to capitalize on rental upside in a thriving area with strong tenant demand. Drive-by only
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1964
Total area
3,036 SF
Lot
0.14 ac (5,881 SF)
APN
008-202-17
UPID
US09-1134613
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$930k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$775k
Owner & transaction history
since 2025
5 recorded transactions
Zoning & alternative use
Top alternative use upside
Retail stores
$1.2M
+6.8%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 47 comparables with addresses
4 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$775k
Value range
$698k – $853k
±10% around blend
Estimated value / SF
$255 / SF
Confidence
High
47 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
100
$698k
blend $775k
$853k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
3,036 SF
Lot area
0.14 ac
Year built
1964
Stories
2
APN
008-202-17
Assessed value
$877,554
Annual tax
$11,102
3
Income approach: direct capitalization
Partial preview
Income approach indication
$930k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.01M
@ 6.5% CAP return
$930k
@ 7% CAP return
$860k
4
Sales comparison
Partial preview
Sales approach indication
$1.30M
Weighted, 20 comps · high confidence
Evidence
47 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
5.5 mi away · 3,788 SF
14.1 mi away · 3,714 SF
15.1 mi away · 2,627 SF
16.2 mi away · 3,000 SF
16.4 mi away · 2,592 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$775k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 50 sales
$359
-29%
Submarket 117 sales
$374
-32%
County 863 sales
$405
-37%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $255/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Retail Stores
Gross theoretical uplift
+7%
vs current-use indication
Apartment House (5+ Units) · current use
Commercial (general)
Auto Repair, Garage
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 47 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$878k
Move the market yield to see immediate price impact.
Value / SF
$289
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$55k
$1.11M
$790k
$614k
$61k
$1.23M
$878k
$683k
$68k
$1.35M
$965k
$751k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
47 found
High confidence · county-verified
Closest comparable
$1.35M
1.3 mi · Oct 2025 · $355/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$11,102
Tax year 2024
Assessed value
$877,554
Assessed 2024
Previous assessed
$877,554
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$711,851
Assessed improvement
$165,703
Applied tax rate
11.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
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
1964
Heating
NONE
Stories
2
Units
5
Total area
3,036 SF
Lot
0.14 ac (5,881 SF)
APN
008-202-17
UPID
US09-1134613
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
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1964
Heating
NONE
Stories
2
Units
5
Lot
0.14 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 315 Garnsey St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
Full reports are paid
Unlock the full Property Analytics report
Pick a plan to open full owner contacts, all 4 valuations with methodology, the refine flow, comparable adjustments, the foot-traffic deep dive and PDF / CSV export. Cancel anytime.
