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Property profile & analytics
OFF-MARKET
Estimated value
$1,895,000
Residential income homes
4391 Howard Ave, Los Alamitos, CA 90720-3735
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-1124377
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1964
Total area
4,572 SF
Lot
0.22 ac (9,491 SF)
APN
222-131-22
UPID
US09-1124377
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
$1.84M
CAP Approach
CAP
$1.49M
Comparable Approach
Comparable
$1.94M
Blend (final)
Blend
$1.90M
Owner & transaction history
Christopher J Rowe · 4 yrs held
Christopher J Rowe
since 2021
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.2M
+60.5%
Commercial (general)
$2.2M
+57.8%
Neighborhood: shopping center
$2.1M
+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
$1,940,000
ML approach
$1,840,000
CAP Approach
CAP Return
Estimation
6%
$1,605,000
6.5%
$1,485,000
7%
$1,380,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,390,000
Current use
RETAIL STORES
$2,230,000
Change: +60% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,190,000
Change: +58% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$2,145,000
Change: +54% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,040,000
Change: +47% · Conversion: Difficult
OFFICE BUILDING
$1,960,000
Change: +41% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,210,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$1.90M
Range $1.71M – $2.08M · ±10% · vs last sale $1.88M (Dec 23 2021)
Last sale anchor
$1.88M
Dec 23 2021
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
$414 / 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
$23,632
Tax year 2024
Assessed value
$1,955,952
Assessed 2024
Previous assessed
$1,955,952
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$1,331,712
Assessed improvement
$624,240
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1964
Heating
NONE
Units
4
Total area
4,572 SF
Lot
0.22 ac (9,491 SF)
APN
222-131-22
UPID
US09-1124377
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
$1.4M
RETAIL STORES
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$2.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$2.0M
OFFICE BUILDING
Est. value
$2.0M
WAREHOUSE, STORAGE
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS) Current
RETAIL STORES
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
OFFICE BUILDING
WAREHOUSE, STORAGE
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
1964
Heating
NONE
Units
4
Lot
0.22 ac
Current owner
From public records · entity-resolved
Christopher J Rowe
Individual
Mailing address
PO BOX 25465, ANAHEIM, CA 92825-5465
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2021
$1,880,000
Christopher J Rowe
Maha Meleika Kosareff
Grant Deed
$1,080,000 · Np INC
Dec 23, 2021
—
Maha Meleika Kosareff
Michael David Kosareff
Intrafamily Transfer
related
$1,080,000 · Np INC
Aug 30, 2021
—
Maha Meleika Kosareff
Wadeed Meleika
Intrafamily Transfer
related
—
Apr 25, 2011
—
Maha Meleika
Meleika,maha
Quit Claim Deed
related
—
Aug 23, 2002
$62,500
Maha Meleika
Meleika,maha
Grant Deed
related
—
Apr 19, 2002
—
W Meleika
Melei
Quit Claim Deed
related
—
Apr 19, 2002
$650,000
Maha Meleika
Boon,thomas S & Cynthia L
Grant Deed
$468,750 · Wells Fargo Home Mortgage INC
Oct 2, 2000
$515,000
Thomas S Boon
Broukhim,fariborz & Roya
Grant Deed
$412,000 · Washington Mutual Fsb
Feb 16, 2000
$362,500
Fariborz Broukhim
Farquhar Assoc
Grant Deed
$290,000 · Pff Bank & Trust
—
—
Maha Meleika
—
Deed Of Trust
related
$424,000 · Mortgage Capital Associates
—
—
Maha Meleika
—
Deed Of Trust
related
$443,000 · First Source Fin'l Group INC
—
—
Farquhar Assoc
—
Deed Of Trust
related
$485,000 · Home Savings Of America
—
—
Mike Kosareff
—
Deed Of Trust
related
$82,100 · Bank Of America
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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