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Property profile & analytics
OFF-MARKET
Estimated value
$27,310,000
Apartment buildings
550 Paularino Ave Costa Mesa, CA 92626-3273
Entity Owned
4-yr Hold
Property ID
US09-1383045
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1976
Total area
184,091 SF
Lot
11.4 ac (496,539 SF)
APN
418-011-06
UPID
US09-1383045
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
-
Park Mesa Villas Apartment Building
-
Dutchman Mouldings General Contractor
-
Diamond Bright Mobile Detail Car Wash
-
Millan Flowers (Bike/Boat/Book/etc) Store Florist
-
CallTechOC Computer & Electronic Repair Tech Support Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$27.31M
Owner & transaction history
Park Mesa LP · 4 yrs held
Park Mesa LP
since 2022
6 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
$148 / 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
$211,287
Tax year 2024
Assessed value
$10,346,652
Assessed 2024
Previous assessed
$10,346,652
+0.0% YoY
Effective rate
2.04%
On assessed value
Assessed land
$1,721,339
Assessed improvement
$8,625,313
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 (100+ UNITS)
Status
Off-Market
Year built
1976
Heating
NONE
Stories
2
Units
276
Total area
184,091 SF
Lot
11.4 ac (496,539 SF)
APN
418-011-06
UPID
US09-1383045
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
1976
Heating
NONE
Stories
2
Units
276
Lot
11.4 ac
Current owner
From public records · entity-resolved
Park Mesa LP
Entity
Mailing address
PO BOX 2990, NEWPORT BEACH, CA 92658-9018
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2022
—
Park Mesa LP
—
Deed
related
$23,450 · Bellwether Enterprise Real Estate Capita
Sep 29, 2006
—
Park Mesa
—
Deed Of Trust
related
$14,273,500 · Federal National Mortgage Assn
Oct 19, 1993
—
Mesa Vllg Park
—
Grant Deed
related
$13,545,800 · Bankers Mutual
Oct 19, 1990
—
Mesa Villag Park
—
Grant Deed
related
$12,950,000 · Bankers Mutual
—
—
Mesa LP Park
—
Deed Of Trust
related
$18,622,000 · Berkshire Mortgage Finance Co
—
—
Mesa LP Park
—
Deed Of Trust
related
$25,750,000 · Transamerica Life Insurance Co
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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