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Property profile & analytics
OFF-MARKET
Estimated value
$1,070,000
Residential income homes
600 Grand Ave Santa Ana, CA 92701-4360
Entity Owned
Absentee Owner
Property ID
US09-5393376
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1978
Total area
3,222 SF
Lot
0.16 ac (7,173 SF)
APN
398-371-14
UPID
US09-5393376
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
-
Choices Recovery Services Social Service Agency Medical Clinic
-
United Service Applications Computer & Electronic Repair
-
Ultra Glass Factory Production Facility
-
Fairway Staffing Services Employment Agency
-
PriorityWorkforce, Santa Ana Employment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.14M
CAP Approach
CAP
$1.08M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.07M
Owner & transaction history
Dig Grand Commerce Center LLC
Dig Grand Commerce Center LLC
since 2025
Last sale
$972,500
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.8M
+53.8%
Neighborhood: shopping center
$1.5M
+30.6%
Retail stores
$1.2M
+6.8%
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 Santa Ana submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Santa Ana 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
$1,185,000
ML approach
$1,140,000
CAP Approach
CAP Return
Estimation
6%
$1,165,000
6.5%
$1,075,000
7%
$995,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,155,000
Current use
OFFICE BUILDING
$1,780,000
Change: +54% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,510,000
Change: +31% · Conversion: Difficult
RETAIL STORES
$1,235,000
Change: +7% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,015,000
Change: -12% · Conversion: Moderate
AUTO REPAIR, GARAGE
$960,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$1.07M
Range $963k – $1.18M · ±10% · vs last sale $973k (Mar 20 2020)
Last sale anchor
$973k
Mar 20 2020
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
$332 / 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
$13,144
Tax year 2024
Assessed value
$1,084,841
Assessed 2024
Previous assessed
$1,084,841
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$906,792
Assessed improvement
$178,049
Applied tax rate
11.0000
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
1978
Heating
NONE
Units
4
Total area
3,222 SF
Lot
0.16 ac (7,173 SF)
APN
398-371-14
UPID
US09-5393376
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
$1.2M
OFFICE BUILDING
Est. value
$1.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.5M
RETAIL STORES
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$960,000
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1978
Heating
NONE
Units
4
Lot
0.16 ac
Current owner
From public records · entity-resolved
Dig Grand Commerce Center LLC
Entity
Mailing address
11291 CHAMPAGNE CT, DUBLIN, CA 94568-3509
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
22 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2025
$29,900,000
Dig Grand Commerce Center LLC
Rif V Grand Commerce Center LLC
Grant Deed
$24,750,000 · Loancore Capital Credit Reit LLC
Mar 20, 2020
—
David R Arp
David R Arp
Intrafamily Transfer
related
$725,000 · Finance Of America Mortgage LLC
Aug 25, 2017
—
Arp Trust
Arp,david R
Quit Claim Deed
related
—
Aug 24, 2017
—
David R Arp
Arp,carol
Quit Claim Deed
related
—
Aug 24, 2017
$972,500
David R Arp
Elsa Melgoza
Grant Deed
$729,375 · Lendusa LLC
Mar 12, 2015
—
Elsa Melgoza
Lucas Ramirez
Intrafamily Transfer
related
$598,290 · Ogi Mortgage Bankers
Jul 19, 2013
$626,000
Lucas Ramirez
Us Bank NA Series 2006-3
Grant Deed
$469,500 · Vision One Mortgage
Apr 30, 2012
$834,336
Us Bank NA Series 2006-3
Ndex West LLC
Trustees Deed
related
—
Aug 18, 2006
$907,000
Sean E Zullo
Lc Family Trust
Grant Deed
$680,250 · Brooksamerica Mortgage Corp
Dec 3, 1997
$242,000
Michael D Castle
Appel,ronlad
Grant Deed
$193,600 · Home Savings Of America
Jan 12, 1996
—
Ronald Appel
Appel,
Quit Claim Deed
related
—
Jan 12, 1996
$125,000
Appel,ronald
Glendale Federal Bank
Trustees Deed
—
Oct 19, 1995
$275,000
Glendale Federal Bank
Norris,richard M & Janet L
Trustees Deed
related
—
Mar 19, 1991
$333,000
Norris,richard M
Ccd Trading INC
Trustees Deed
$266,080 · Glendale Federal Bank
—
—
Ronald I Appel
—
Deed Of Trust
related
$25,000 · Cmi Mortgage
—
—
Mitchell D Castle
—
Deed Of Trust
related
$220,000 · Washington Mutual Fsb
—
—
Mitchell D Castle
—
Deed Of Trust
related
$270,000 · Washington Mutual Fsb
—
—
Mitchell D Castle
—
Deed Of Trust
related
$232,000 · Washington Mutual Fsb
—
—
Sean E Zullo
—
Deed Of Trust
related
$760,893 · America's Servicing Co
—
—
Mitchel Castle
—
Deed Of Trust
related
$177,000 · Orange County Teachers FCU
—
—
Ronald I Appel
—
Deed Of Trust
related
$125,000 · Secured Bankers Mortgage Co
—
—
Richard M Norris
—
Deed Of Trust
related
—
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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