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Property profile & analytics
OFF-MARKET
Estimated value
$2,655,000
Apartment buildings
3581 Howard Ave, Los Alamitos, CA 90720-3641
Individually Owned
4-yr Hold
Absentee Owner
Property ID
US09-2372563
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1976
Total area
6,346 SF
Lot
0.2 ac (8,915 SF)
APN
222-092-16
UPID
US09-2372563
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
$2.61M
CAP Approach
CAP
$1.87M
Comparable Approach
Comparable
$2.69M
Blend (final)
Blend
$2.66M
Owner & transaction history
Kenneth E Huss · 4 yrs held
Kenneth E Huss
since 2022
Last sale
$2.7M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.3M
+124.7%
Retail stores
$3.1M
+60.5%
Commercial (general)
$3.0M
+57.8%
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 Los Alamitos submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Los Alamitos 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
$2,535,000
ML approach
$2,605,000
CAP Approach
CAP Return
Estimation
6%
$2,020,000
6.5%
$1,865,000
7%
$1,730,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,925,000
Current use
RESTAURANT
$4,330,000
Change: +125% · Conversion: Difficult
RETAIL STORES
$3,090,000
Change: +60% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,040,000
Change: +58% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$2,975,000
Change: +54% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,830,000
Change: +47% · Conversion: Difficult
OFFICE BUILDING
$2,720,000
Change: +41% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$2,045,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$2.66M
Range $2.39M – $2.92M · ±10% · vs last sale $2.73M (Mar 15 2022)
Last sale anchor
$2.73M
Mar 15 2022
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
$418 / 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
$34,357
Tax year 2024
Assessed value
$2,835,090
Assessed 2024
Previous assessed
$2,835,090
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$2,463,467
Assessed improvement
$371,623
Applied tax rate
22.0000
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
1976
Heating
NONE
Stories
2
Units
6
Total area
6,346 SF
Lot
0.2 ac (8,915 SF)
APN
222-092-16
UPID
US09-2372563
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
$1.9M
RESTAURANT
Est. value
$4.3M
RETAIL STORES
Est. value
$3.1M
COMMERCIAL (GENERAL)
Est. value
$3.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.0M
AUTO REPAIR, GARAGE
Est. value
$2.8M
OFFICE BUILDING
Est. value
$2.7M
INDUSTRIAL (GENERAL)
Est. value
$2.0M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
RETAIL STORES
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
OFFICE BUILDING
INDUSTRIAL (GENERAL)
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
1976
Heating
NONE
Stories
2
Units
6
Lot
0.2 ac
Current owner
From public records · entity-resolved
Kenneth E Huss
Individual
Mailing address
2861 COAST CIR APT C, HUNTINGTON BEACH, CA 92649-1816
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 15, 2022
$2,725,000
Kenneth E Huss
Dennis R Gerber
Grant Deed
$1,250,000 · Jpmorgan Chase Bank NA
Jun 6, 2019
—
Dennis R Gerber
—
Deed
related
$540,000 · Jpmorgan Chase Bank NA
Apr 29, 2014
$1,565,000
The Gerber Family Trust
Sharon J Corrigan
Grant Deed
$593,000 · Bofi Federal Bank
Apr 29, 2014
—
Corrigan,robert W II Tr
Corrigan,robert W
Affidavit Of Death
related
—
Jan 13, 2014
—
Shannon,donald J II Tr
Corrigan,loretta F
Affidavit Of Death
related
—
Dec 30, 2013
—
Lolita E Williams
Corrigan Living Trust
Quit Claim Deed
related
—
Oct 30, 2003
—
Corringan,tr
Corringan,tr
Quit Claim Deed
related
—
Nov 22, 1996
—
Robert Corrigan
Corrigan,
Quit Claim Deed
related
—
Nov 7, 1995
$500,000
Corrigan Trust
Robet,netta S
Grant Deed
$375,000 · Home Savings Of America
Jan 27, 1988
—
Herbert A Sommer
Somme
Quit Claim Deed
related
—
—
—
Herbert A Sommer
—
Deed Of Trust
related
$387,400 · Fidelity Federal 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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