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Property profile & analytics
OFF-MARKET
Estimated value
$3,450,000
Apartment buildings
609 Baker St Santa Ana, CA 92703-2244
Entity Owned
Absentee Owner
Property ID
US10-2139802
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1953
Total area
8,926 SF
Lot
0.64 ac (28,018 SF)
APN
405-082-20
UPID
US10-2139802
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
-
Tiffany Thomas Auto Insurance CO Financial Advisor Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.58M
CAP Approach
CAP
$2.31M
Comparable Approach
Comparable
$4.53M
Blend (final)
Blend
$3.45M
Owner & transaction history
Hnp Capital LLC
Hnp Capital LLC
since 2025
Last sale
$3.3M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.9M
+34.8%
Commercial (general)
$4.8M
+32.0%
Neighborhood: shopping center
$4.2M
+14.5%
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 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
$3,615,000
ML approach
$3,580,000
CAP Approach
CAP Return
Estimation
6%
$2,495,000
6.5%
$2,305,000
7%
$2,140,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,655,000
Current use
OFFICE BUILDING
$4,930,000
Change: +35% · Conversion: Moderate
COMMERCIAL (GENERAL)
$4,825,000
Change: +32% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$4,185,000
Change: +15% · Conversion: Difficult
RETAIL STORES
$3,425,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$3.45M
Range $3.11M – $3.80M · ±10% · vs last sale $3.30M (Jul 3 2025)
Last sale anchor
$3.30M
Jul 3 2025
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
$387 / 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
$41,973
Tax year 2024
Assessed value
$3,485,340
Assessed 2024
Previous assessed
$3,485,340
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$3,121,200
Assessed improvement
$364,140
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1953
Heating
NONE
Stories
2
Units
12
Total area
8,926 SF
Lot
0.64 ac (28,018 SF)
APN
405-082-20
UPID
US10-2139802
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
$3.7M
OFFICE BUILDING
Est. value
$4.9M
COMMERCIAL (GENERAL)
Est. value
$4.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.2M
RETAIL STORES
Est. value
$3.4M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1953
Heating
NONE
Stories
2
Units
12
Lot
0.64 ac
Current owner
From public records · entity-resolved
Hnp Capital LLC
Entity
Mailing address
23 ENDLESS VIS, ALISO VIEJO, CA 92656-8057
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2025
—
Hnp Capital LLC
The 2011 Bassirpou Revocable Trust
Quitclaim Deed
related
—
Oct 3, 2025
$3,300,000
2011 Bassirpou Revocable Trust
Minerva Investment Group LLC
Grant Deed
$2,200,000 · Jpmorgan Chase Bank NA
Dec 9, 2021
$3,350,000
Minerva Investment Group LLC
P & P Associates LLC
Grant Deed
$2,000,000 · Pacific Premier Bank
Sep 7, 2017
—
P & P Associates LLC
P & P Associates LLC
Intrafamily Transfer
related
$1,685,000 · Jpmorgan Chase Bank NA
Feb 9, 2017
—
P & P Associates LLC
—
Deed
related
$1,400,000 · Cjsj Lending LLC
Nov 24, 2014
—
P & P Associates LLC
Pederson,christopher L & Jean P
Quit Claim Deed
—
Nov 20, 2012
—
Christopher L Pederson
P & P Associates LLC
Grant Deed
$1,256,250 · Jpmorgan Chase Bank NA
Aug 10, 2004
$1,400,000
Christopher L Pederson
Palmer,paul E & Larry L
Grant Deed
related
$956,500 · Pacific Premier Bank
Jun 25, 2003
—
Paul E Palmer
Palmer,tr
Quit Claim Deed
related
—
Jan 1, 1991
—
Dungan Helen K Tr
Unknown
Grant Deed
related
—
—
—
P & P Associates LLC
—
Deed Of Trust
related
$1,207,000 · Pacific Premier Bank
—
—
P & P Associates LLC
—
Deed Of Trust
related
$1,400,000 · Cjsj Lending LLC
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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