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Property profile & analytics
OFF-MARKET
Estimated value
$35,000,000
Apartment buildings
6343 Lincoln Ave Buena Park, CA 90620-3602
Entity Owned
2-yr Hold
Absentee Owner
Property ID
US10-3047353
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1962
Total area
83,600 SF
Lot
5.09 ac (221,828 SF)
APN
260-042-37
UPID
US10-3047353
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
-
MVW SERVICES Accounting Firm
-
Lincoln Estates Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$35.00M
CAP Approach
CAP
$24.55M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$35.00M
Owner & transaction history
Lincoln Apartments Jv LLC · 2 yrs held
Lincoln Apartments Jv LLC
since 2024
Last sale
$35.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$57.0M
+68.5%
Retail stores
$40.7M
+20.4%
Neighborhood: shopping center
$39.2M
+15.9%
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 Buena Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Buena Park 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
$35,000,000
ML approach
$35,000,000
CAP Approach
CAP Return
Estimation
6%
$26,595,000
6.5%
$24,550,000
7%
$22,795,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$33,850,000
Current use
RESTAURANT
$57,040,000
Change: +69% · Conversion: Difficult
RETAIL STORES
$40,735,000
Change: +20% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$39,215,000
Change: +16% · Conversion: Difficult
AUTO REPAIR, GARAGE
$37,290,000
Change: +10% · Conversion: Difficult
OFFICE BUILDING
$35,865,000
Change: +6% · Conversion: Moderate
COMMERCIAL (GENERAL)
$33,780,000
Change: 0% · Conversion: Moderate
Blend value · Realmo final
$35.00M
Range $31.50M – $38.50M · ±10% · vs last sale $35.00M (Feb 6 2024)
Last sale anchor
$35.00M
Feb 6 2024
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
$419 / 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
$372,293
Tax year 2024
Assessed value
$31,551,690
Assessed 2024
Previous assessed
$31,551,690
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$24,442,992
Assessed improvement
$7,108,698
Applied tax rate
14.0000
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
1962
Heating
NONE
Stories
1
Units
88
Total area
83,600 SF
Lot
5.09 ac (221,828 SF)
APN
260-042-37
UPID
US10-3047353
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
$33.9M
RESTAURANT
Est. value
$57.0M
RETAIL STORES
Est. value
$40.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$39.2M
AUTO REPAIR, GARAGE
Est. value
$37.3M
OFFICE BUILDING
Est. value
$35.9M
COMMERCIAL (GENERAL)
Est. value
$33.8M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1962
Heating
NONE
Stories
1
Units
88
Lot
5.09 ac
Current owner
From public records · entity-resolved
Lincoln Apartments Jv LLC
Entity
Mailing address
100 BAYVIEW CIR #2200, DETROIT, MI 48226
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 6, 2024
$35,000,000
Lincoln Apartments Jv LLC
Ph Cypress I LLC
Grant Deed
$19,700,000 · Voya Investment Management LLC
Dec 29, 2023
—
Ph Cypress I LLC
—
Deed
related
$26,000,000 · Vmc Finance 2019-fl3 LLC
Dec 21, 2018
$28,850,000
Ph Cypress I LLC
Prc Newport LLC
Grant Deed
$26,000,000 · Vmc Lender LLC
Dec 10, 2018
—
City Of Buena Park
Prc Newport LLC
Quit Claim Deed
related
—
Sep 12, 2018
—
Prc Newport LLC
—
Grant Deed
related
$13,000,000 · Wells Fargo Bk
Jul 11, 2018
$26,500,000
Prc Newport LLC
Cypress Vlg Apts Bp LLC
Grant Deed
—
Jul 10, 2015
$20,900,000
Cypress Village Apartments Bp LLC
Csh Cypress Village LLC
Grant Deed
$10,950,000 · Jpmorgan Chase Bank NA
Oct 15, 2010
$15,000,000
Csh Cypress Village LLC
Granite Cypress Village LP
Grant Deed
$10,000,000 · Pnc Multifamily Mortgage LLC
Oct 2, 2003
$10,500,000
Granite Cypress Village LP
Tallerico,tr
Grant Deed
$8,200,000 · Cf Lender LLC
Nov 16, 2001
$8,275,000
Tallerico Trust
Lincoln Avenue Apartments LLC
Grant Deed
$6,200,000 · California Federal Bank
May 11, 1998
—
Richard Hedrick
Hedrick,
Quit Claim Deed
related
—
—
—
William L Hedrick
—
Deed Of Trust
related
$196,000 · Us Small Business Admn
—
—
Lincoln Avenue Apartments LLC
—
Deed Of Trust
related
$5,800,000 · Secore Financial Corp
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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