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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Commercial real estate
385 2nd St Laguna Beach, CA 92651-2304
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0877625
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1973
Total area
1,920 SF
Lot
0.06 ac (2,825 SF)
APN
641-266-05
UPID
US09-0877625
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
-
HPI Holdings LLC Holding Company
-
Orange County Breakers Sports School Sports Field & Court
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$460k
CAP Approach
CAP
$500k
Comparable Approach
Comparable
$665k
Blend (final)
Blend
$540k
Owner & transaction history
2nd Street Laguna LLC · 9 yrs held
2nd Street Laguna LLC
since 2017
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 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
$460,000
CAP Approach
CAP Return
Estimation
6%
$540,000
6.5%
$500,000
7%
$465,000
Blend value · Realmo final
$540k
Range $486k – $594k · ±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
$37,953
Tax year 2024
Assessed value
$3,641,052
Assessed 2024
Previous assessed
$3,641,052
+0.0% YoY
Effective rate
1.04%
On assessed value
Assessed land
$2,958,357
Assessed improvement
$682,695
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1973
Heating
NONE
Stories
2
Units
2
Total area
1,920 SF
Lot
0.06 ac (2,825 SF)
APN
641-266-05
UPID
US09-0877625
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
1973
Heating
NONE
Stories
2
Units
2
Lot
0.06 ac
Current owner
From public records · entity-resolved
2nd Street Laguna LLC
Entity
Mailing address
1580 VIA MAJORCA, LAGUNA BEACH, CA 92651-1334
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 9, 2017
$3,200,000
2nd Street Laguna LLC
385 Second Street LLC
Grant Deed
—
Feb 6, 2014
—
385 Second Street LLC
385 Second Street LLC
Grant Deed
related
$750,000 · First Citizens Bank & Trust Co
Jul 10, 2003
—
Martin,tr
Martin,harald G & Cheryl S
Quit Claim Deed
related
$762,587 · Rlr Management LP
Feb 16, 2000
$975,000
385 2nd St LLC
Rlr Management LP
Grant Deed
$750,000 · Seller
Dec 13, 1999
—
Rlr Mgmt
Roza,
Grant Deed
related
—
Mar 9, 1998
$655,000
Rick L Rozar
Grosz,gregory K & Kathleen C
Grant Deed
—
Sep 9, 1996
—
Gregory Grosz
Grosz,
Quit Claim Deed
related
—
Apr 19, 1995
$546,000
Gregory K Grosz
Alex D Mestas Trustee
Grant Deed
$472,000 · Money Store Investment Corp
Apr 28, 1994
$338,500
Second Street Land Trust
Chen,po T
Grant Deed
$210,000 · Individual
Mar 15, 1994
$314,606
Po Tao Chen
Dombrowski,peter
Trustees Deed
—
—
—
Peter Dombrowski
—
Deed Of Trust
related
$200,000 · Corporate Bank
—
—
Second Street Land Trust
—
Deed Of Trust
related
$135,000 · Individual
—
—
Peter Dombrowski
—
Deed Of Trust
related
$180,000 · Mission Viejo National Bank
—
—
385 Second Street LLC
—
Deed Of Trust
related
$465,000 · Wells Fargo 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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