Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    623 Birch St Brea, CA 92821-5510

    • Apartment buildings
    • 3,417 SF
    • 0.21 lot acres
    OFF-MARKET
    Last Sale
    Mar 31, 2023
    $1,480,000
    Value Estimations
    $1,490,000
    Show details
    Cap Rate Potential
    3.7%
    Apartment buildings
    Location Intelligence
    Property ID
    US09-1825169
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 623 Birch St

    Year built
    1961
    Lot size
    0.21 lot acres
    Property size
    3,417 SF
    Property type
    Apartment buildings
    APN
    319-234-25
    APU
    31923425

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,755,000
      ML approach
      $1,745,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,085,000
      6.5%
      $1,005,000
      7%
      $930,000

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $1,385,000
      Current use
      RETAIL STORES
      $1,665,000
      Change: +20% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,605,000
      Change: +16% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $1,605,000
      Change: +16% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,525,000
      Change: +10% Conversion: Difficult
      OFFICE BUILDING
      $1,465,000
      Change: +6% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Brea
    County
    Orange
    State
    California
    Longitude
    -117.892
    Latitude
    33.918
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $17,884
    $1,326,000
    $183,600
    $1,509,600
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $12,100,000
      76,187 SF

      319 Lambert Rd

      APARTMENT HOUSE (5+ UNITS) • 76,187 SF
      319 Lambert Rd, Brea, CA 92821-4058
      View Details
    • Value Estimation
      $15,650,000
      114,017 SF

      825 Tamarack Ave

      APARTMENT HOUSE (100+ UNITS) • 114,017 SF
      825 Tamarack Ave, Brea, CA 92821-2550
      View Details
    • Value Estimation
      $12,940,000
      81,604 SF

      630 Tamarack Ave

      APARTMENT HOUSE (100+ UNITS) • 81,604 SF
      630 Tamarack Ave, Brea, CA 92821
      View Details
    • Value Estimation
      $41,725,000
      161,342 SF

      315 Associated Rd

      APARTMENT HOUSE (100+ UNITS) • 161,342 SF
      315 Associated Rd, Brea, CA 92821-4338
      View Details
    • Value Estimation
      $1,255,000
      4,900 SF

      633 Birch St

      APARTMENT HOUSE (5+ UNITS) • 4,900 SF
      633 Birch St, Brea, CA 92821-5514
      View Details
    • Value Estimation
      $10,055,000
      38,500 SF

      222 Fir St

      APARTMENT HOUSE (5+ UNITS) • 38,500 SF
      222 Fir St, Brea, CA 92821-6467
      View Details

    Similar Nearby for Sale

    • $209,999

      Upgraded Mobile Home in Brea

      Move-in ready, upgraded 2-bedroom, 2-bath mobile home in Brea.
      1051 Site Dr, Brea, CA 92821
      View Details
    • New
      $1,650,000
      Pending

      Brea Quadruplex Investment Opportunity

      Four-unit property in a prime Orange County location.
      114 Juniper St, Brea, CA 92821
      View Details
    • $998,000
      Pending

      Brea Residence with Development Potential

      Single-family home on a large lot with R-3 zoning.
      719 S Walnut Ave, Brea, CA 92821
      View Details
    • $279,000
      1,740 SF

      Remodeled Home in 55+ Community

      Beautifully remodeled home in the 55+ community of Lake Park.
      1352 Silver Lake Pl, Brea, CA 92821
      View Details
    • $550,000
      846 SF

      Brea Townhome with Private Patio

      Two-bedroom townhome with in-unit laundry and two-car garage.
      340 Surry Ct, Brea, CA 92821
      View Details
    • Contact for pricing
      43,760 SF

      Brea Industrial Investment Opportunity

      Two-tenant industrial building in Brea, California, for sale.
      2900 Saturn St, Brea, CA 92821
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Modern Townhome in West Village

      Contemporary townhome built in 2020 with modern amenities.
      430 W Central Ave, Brea, CA 92821
      View Details
    • Contact for pricing
      131,544 SF

      Brea Freestanding Industrial Sublease

      131,544 SF warehouse for sublease in Brea, CA.
      3200 Enterprise St, Brea, CA 92821
      View Details
    • Contact for pricing

      Retail Space Near Brea Mall

      Shopping center at signalized intersection across from Brea Mall.
      1000 E Imperial Hwy, Brea, CA 92821
      View Details
    • Contact for pricing
      108,081 SF

      Freestanding Industrial Building For Rent

      Class A industrial building with upgraded office and production space.
      408 Saturn St, Brea, CA 92821
      View Details
    • Contact for pricing
      20,358 SF

      Warehouse/Distribution Space Available

      20,358 SF warehouse/distribution space with fenced yard.
      925 W Lambert Rd, Brea, CA 92821
      View Details
    • Contact for pricing
      1,752 SF

      Brea Flex Space Available

      Multi-tenant building with office and industrial space for rent.
      351 Oak Pl, Brea, CA 92821
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    623 Birch St
    Brea, CA 92821-5510
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!