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Property profile & analytics
OFF-MARKET
Estimated value
$4,615,000
Apartment buildings
600 Hamilton St Costa Mesa, CA 92627-2693
Entity Owned
2-yr Hold
Absentee Owner
Property ID
US09-2824297
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1978
Total area
6,130 SF
Lot
0.46 ac (20,012 SF)
APN
422-211-20
UPID
US09-2824297
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
$5.01M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.97M
Blend (final)
Blend
$4.62M
Owner & transaction history
Bjormad Bh LLC · 2 yrs held
Bjormad Bh LLC
since 2023
Last sale
$4.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.2M
+42.4%
Industrial (general)
$3.9M
+33.2%
Retail stores
$3.7M
+27.5%
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 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
Method
Estimation
Statistic approach
$5,050,000
ML approach
$5,005,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,940,000
Current use
RESTAURANT
$4,180,000
Change: +42% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,915,000
Change: +33% · Conversion: Difficult
RETAIL STORES
$3,745,000
Change: +27% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,710,000
Change: +26% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$2,875,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$4.62M
Range $4.15M – $5.08M · ±10% · vs last sale $4.53M (Dec 1 2023)
Last sale anchor
$4.53M
Dec 1 2023
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
$753 / 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
$50,534
Tax year 2024
Assessed value
$4,525,000
Assessed 2024
Previous assessed
$4,525,000
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$3,917,081
Assessed improvement
$607,919
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
1978
Heating
NONE
Stories
2
Units
6
Total area
6,130 SF
Lot
0.46 ac (20,012 SF)
APN
422-211-20
UPID
US09-2824297
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
$2.9M
RESTAURANT
Est. value
$4.2M
INDUSTRIAL (GENERAL)
Est. value
$3.9M
RETAIL STORES
Est. value
$3.7M
COMMERCIAL (GENERAL)
Est. value
$3.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.9M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
INDUSTRIAL (GENERAL)
RETAIL STORES
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
Stories
2
Units
6
Lot
0.46 ac
Current owner
From public records · entity-resolved
Bjormad Bh LLC
Entity
Mailing address
8840 W RUSSELL RD STE #200, LAS VEGAS, NV 89148-1355
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2023
$4,525,000
Bjormad Bh LLC
Bcre Fund 1 LLC
Grant Deed
—
Apr 19, 2019
$2,075,000
Bcre Fund 1 LLC
John M Foley Revocable Living Trust
Grant Deed
$1,075,000 · Luther Burbank Savings
Apr 3, 2019
—
Foley,john M Living Trust
Foley Ps & Ka Trust
Quit Claim Deed
related
—
Jul 17, 2018
—
Foley,john M Living Trust
Foley,john M
Affidavit Of Death
related
—
Dec 19, 2017
—
Foley,john M Living Trust
Foley,john M
Quit Claim Deed
related
—
Dec 14, 2017
—
Paul S Foley
Foley Partners
Quit Claim Deed
related
—
Jul 29, 1997
$403,000
Foley Partners
Kostlan,ernest L & Joy A
Trustees Deed
$302,250 · Universal National Bank
Jul 29, 1997
—
Danny Foley
Foley,
Quit Claim Deed
related
—
May 19, 1988
$605,000
Kostlan Ernest
Remington Exchan
Trustees Deed
$150,000 · Fidelity Federal Bank
May 19, 1988
—
Remington Exchan
Lewis John T
Trustees Deed
related
—
—
—
Foley Partners
—
Deed Of Trust
related
$500,000 · Washington Mutual Fsb
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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