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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Apartment buildings
32181 Coast Hwy Laguna Beach, CA 92651-6869
Individually Owned
16-yr Hold
Property ID
US09-1982819
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1944
Total area
1,836 SF
Lot
1.02 ac (44,255 SF)
APN
056-160-36
UPID
US09-1982819
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
$660k
CAP Approach
CAP
$540k
Comparable Approach
Comparable
$346k
Blend (final)
Blend
$515k
Owner & transaction history
Michael G Barnes · 16 yrs held
Michael G Barnes
since 2010
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$820,000
+15.3%
Auto repair, garage
$820,000
+14.9%
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
by Request
ML approach
$660,000
CAP Approach
CAP Return
Estimation
6%
$585,000
6.5%
$540,000
7%
$500,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$715,000
Current use
OFFICE BUILDING
$820,000
Change: +15% · Conversion: Moderate
AUTO REPAIR, GARAGE
$820,000
Change: +15% · Conversion: Difficult
Blend value · Realmo final
$515k
Range $464k – $567k · ±10%
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
$281 / 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
$114,313
Tax year 2024
Assessed value
$10,418,988
Assessed 2024
Previous assessed
$10,418,988
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$9,637,548
Assessed improvement
$781,440
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
1944
Heating
NONE
Units
5
Total area
1,836 SF
Lot
1.02 ac (44,255 SF)
APN
056-160-36
UPID
US09-1982819
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
$715,000
OFFICE BUILDING
Est. value
$820,000
AUTO REPAIR, GARAGE
Est. value
$820,000
APARTMENT HOUSE (5+ UNITS) Current
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
1944
Heating
NONE
Units
5
Lot
1.02 ac
Current owner
From public records · entity-resolved
Michael G Barnes
Individual
Mailing address
PO BOX 810, KATONAH, NY 10536-0810
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 27, 2021
—
Gary Lee Groves
—
Deed
related
$50,000 · Ronald P Beard Trust
Mar 5, 2021
—
David E Klaus
—
Deed
related
$1,000,000 · Crosscountry Mortgage LLC
Sep 1, 2017
—
Groves,gary L Trust
—
Deed
related
$2,000,000 · Beard Ronald P Trust (pt)
Mar 3, 2010
$7,700,000
Michael G Barnes
Trette Family Trust
Grant Deed
—
Apr 14, 2000
$5,500,000
Robert Trette
Mcghee,doc
Grant Deed
$3,000,000 · Norwest Mortgage INC
—
—
Mcghee
—
Deed Of Trust
related
$1,000,000 · Mercantile Bank
—
—
Trette,tr
—
Deed Of Trust
related
$3,250,000 · Wells Fargo Home Mortgage INC
—
—
Trette Family Trust
—
Deed Of Trust
related
$3,273,000 · Wells Fargo Bank
—
—
Trette Trust
—
Deed Of Trust
related
$2,980,000 · Wells Fargo Home Mortgage INC
—
—
Groves,gary L Trust
—
Deed Of Trust
related
$2,000,000 · Beard Ronald P Trust (pt)
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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