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Property profile & analytics
OFF-MARKET
Estimated value
$2,170,000
Apartment buildings
3622 Howard Ave, Los Alamitos, CA 90720-3646
Individually Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-1383246
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1976
Total area
6,308 SF
Lot
0.2 ac (8,910 SF)
APN
222-093-03
UPID
US09-1383246
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
$2.13M
CAP Approach
CAP
$1.85M
Comparable Approach
Comparable
$2.68M
Blend (final)
Blend
$2.17M
Owner & transaction history
Justin Bruni · 3 yrs held
Justin Bruni
since 2022
Last sale
$2.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.1M
+60.5%
Commercial (general)
$3.0M
+57.8%
Neighborhood: shopping center
$3.0M
+54.5%
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
$2,075,000
ML approach
$2,125,000
CAP Approach
CAP Return
Estimation
6%
$2,005,000
6.5%
$1,850,000
7%
$1,720,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,915,000
Current use
RETAIL STORES
$3,075,000
Change: +60% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,025,000
Change: +58% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$2,960,000
Change: +54% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,815,000
Change: +47% · Conversion: Difficult
OFFICE BUILDING
$2,705,000
Change: +41% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$2,035,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$2.17M
Range $1.95M – $2.39M · ±10% · vs last sale $2.24M (Dec 30 2022)
Last sale anchor
$2.24M
Dec 30 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
$344 / 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
$28,278
Tax year 2024
Assessed value
$2,279,700
Assessed 2024
Previous assessed
$2,279,700
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$1,909,934
Assessed improvement
$369,766
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
Units
6
Total area
6,308 SF
Lot
0.2 ac (8,910 SF)
APN
222-093-03
UPID
US09-1383246
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
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
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
Units
6
Lot
0.2 ac
Current owner
From public records · entity-resolved
Justin Bruni
Individual
Free & Clear · 3 yrs held
Mailing address
2015 MANHATTAN BCH BLVD STE #100, REDONDO BEACH, CA 90278-1230
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2022
$2,235,000
Justin Bruni
Isabella M Dugan
Grant Deed
—
Dec 26, 2014
—
Dugan Family Trust A|dugan Family Trust C
Dugan Family Trust
Quit Claim Deed
related
—
Jan 23, 2013
—
Dugan Isabella M Tr
Dugan,donald A
Affidavit Of Death
related
—
Apr 28, 1994
$585,000
Dugan Trust
Kolsy Trust
Grant Deed
$438,750 · Home Savings Of America
Jan 27, 1994
$410,000
Kolsky Trust
Beauchamp,donald
Trustees Deed
—
Aug 29, 1991
$720,000
Donald Beauchamp
Malley Trust
Grant Deed
$325,000 · Western Financial Savings Bank
—
—
Richard A Malley
—
Deed Of Trust
related
$100,000 · Citizens Federal Bank Fsb
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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