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Property profile & analytics
OFF-MARKET
Estimated value
$7,720,000
Apartment buildings
602 Avenida De La Estrella San Clemente, CA 92672-3911
Entity Owned
3-yr Hold
Absentee Owner
Property ID
US09-2411501
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1971
Total area
15,337 SF
Lot
0.57 ac (25,029 SF)
APN
057-142-40
UPID
US09-2411501
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
$7.45M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.72M
Owner & transaction history
Car Washes Land Management Co LLC · 3 yrs held
Car Washes Land Management Co LLC
since 2022
Last sale
$8.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$10.5M
+33.8%
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 San Clemente submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Clemente 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
$7,435,000
ML approach
$7,450,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$7,820,000
Current use
RESTAURANT
$10,465,000
Change: +34% · Conversion: Difficult
RETAIL STORES
$7,475,000
Change: -4% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$7,195,000
Change: -8% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,840,000
Change: -12% · Conversion: Difficult
OFFICE BUILDING
$6,580,000
Change: -16% · Conversion: Moderate
Blend value · Realmo final
$7.72M
Range $6.95M – $8.49M · ±10% · vs last sale $8.00M (Oct 21 2022)
Last sale anchor
$8.00M
Oct 21 2022
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
$503 / 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
$82,645
Tax year 2024
Assessed value
$8,160,000
Assessed 2024
Previous assessed
$8,160,000
+0.0% YoY
Effective rate
1.01%
On assessed value
Assessed land
$7,446,000
Assessed improvement
$714,000
Applied tax rate
10.0000
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
1971
Heating
NONE
Stories
2
Units
20
Total area
15,337 SF
Lot
0.57 ac (25,029 SF)
APN
057-142-40
UPID
US09-2411501
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
$7.8M
RESTAURANT
Est. value
$10.5M
RETAIL STORES
Est. value
$7.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.2M
AUTO REPAIR, GARAGE
Est. value
$6.8M
OFFICE BUILDING
Est. value
$6.6M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1971
Heating
NONE
Stories
2
Units
20
Lot
0.57 ac
Current owner
From public records · entity-resolved
Car Washes Land Management Co LLC
Entity
Mailing address
17151 NEWHOPE ST STE #209, FOUNTAIN VALLEY, CA 92708-4226
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 16, 2025
—
Dri Estrella LLC
—
Deed
related
$6,595,000 · Jpmorgan Chase Bank NA
Dec 21, 2023
—
Car Washes Land Management Co LLC
—
Deed
related
$550,000 · American Business Bank
Oct 21, 2022
$8,000,000
Car Washes Land Management Co LLC
Timothy E Curry
Grant Deed
$5,000,000 · American Business Bank
Feb 13, 2019
—
Watson Family Trust
Watson Family Trust
Quit Claim Deed
related
—
Dec 31, 2009
—
Watson Family Trust
Watson Family Trust
Quit Claim Deed
related
—
Nov 15, 2007
—
Watson Family Trust
Watson Family
Quit Claim Deed
—
Mar 28, 2000
—
Watson Fmly Ltd
Watson,
Quit Claim Deed
related
—
Feb 1, 2000
—
David Watson
Watson,
Quit Claim Deed
related
—
Sep 13, 1995
—
David P Watson
1994-s2 Properties LP
Grant Deed
$500,000 · World Savings Bank
Jan 19, 1995
$770,000
1994-s2 Properties LP
Kim,gwan H & Sook J
Trustees Deed
—
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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