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Property profile & analytics
OFF-MARKET
Estimated value
$1,540,000
Apartment buildings
369 Avocado St 1 Costa Mesa, CA 92627-5662
Trust Owned
Absentee Owner
Property ID
US09-2148070
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1980
Total area
8,938 SF
Lot
0.43 ac (18,625 SF)
APN
419-071-39
UPID
US09-2148070
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
-
CaliCAD Plans Renovation Specialist (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.54M
Owner & transaction history
Pakfar Family Trust
Pakfar Family Trust
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$172 / 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
$17,362
Tax year 2024
Assessed value
$1,248,255
Assessed 2024
Previous assessed
$1,248,255
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$487,024
Assessed improvement
$761,231
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
1980
Heating
NONE
Stories
2
Units
12
Total area
8,938 SF
Lot
0.43 ac (18,625 SF)
APN
419-071-39
UPID
US09-2148070
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
Building & site characteristics
From public records
Year built
1980
Heating
NONE
Stories
2
Units
12
Lot
0.43 ac
Current owner
From public records · entity-resolved
Pakfar Family Trust
Trust
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Sep 25, 2025
—
Pakfar Family Trust
369 Avocado LLC
Grant Deed
—
Feb 13, 2024
—
369 Avocado LLC
Hooshang Pakfar
Grant Deed
—
Jun 9, 2004
—
Pakfar,tr
Pakfar,hooshang
Quit Claim Deed
related
—
Jun 1, 2004
—
Hooshang Pakfar
Pakfar,tr
Quit Claim Deed
related
$1,065,000 · Washington Mutual Fsb
Jun 6, 2001
—
Hiooshang Pakfar
—
Grant Deed
related
—
Oct 19, 1994
$758,000
Pakfar,hooshang
Jackson,joan E
Trustees Deed
$568,500 · Home Savings Of America
Oct 19, 1994
—
Hooshang Pakfar
Pakfar,
Quit Claim Deed
related
—
Dec 13, 1991
—
Shannon Jackson
Jackson Trust
Quit Claim Deed
related
$630,000 · Glendale Federal Bank
—
—
Hubinger Trust
—
Deed Of Trust
related
—
—
—
Pakfar,tr
—
Deed Of Trust
related
$380,000 · National Bank California
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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