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Property profile & analytics
OFF-MARKET
Estimated value
$6,280,000
Apartment buildings
687 18th St Costa Mesa, CA 92627-5005
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1459036
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1972
Total area
21,012 SF
Lot
0.93 ac (40,587 SF)
APN
424-261-02
UPID
US09-1459036
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
-
Daisy Apartment W 18th Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.01M
CAP Approach
CAP
$6.86M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.28M
Owner & transaction history
Joint Props 2018 LLC · 4 yrs held
Joint Props 2018 LLC
since 2021
Last sale
$5.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$7,080,000
ML approach
$7,005,000
CAP Approach
CAP Return
Estimation
6%
$7,435,000
6.5%
$6,860,000
7%
$6,370,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$10,070,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$9,855,000
Change: -2% · Conversion: Difficult
AUTO REPAIR, GARAGE
$9,375,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$6.28M
Range $5.65M – $6.91M · ±10% · vs last sale $5.23M (Aug 16 2021)
Last sale anchor
$5.23M
Aug 16 2021
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
$299 / 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
$95,965
Tax year 2024
Assessed value
$8,297,190
Assessed 2024
Previous assessed
$8,297,190
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$7,178,760
Assessed improvement
$1,118,430
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
1972
Heating
NONE
Stories
2
Units
22
Total area
21,012 SF
Lot
0.93 ac (40,587 SF)
APN
424-261-02
UPID
US09-1459036
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
$10.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$9.9M
AUTO REPAIR, GARAGE
Est. value
$9.4M
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
1972
Heating
NONE
Stories
2
Units
22
Lot
0.93 ac
Current owner
From public records · entity-resolved
Joint Props 2018 LLC
Entity
Mailing address
8502 E CHAPMAN AVE #430, ORANGE, CA 92869-2461
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 16, 2021
$5,225,000
Joint Props 2018 LLC
Daisy III Associates Ltd
Grant Deed
—
Oct 1, 2019
—
Daisy III Associates Ltd
—
Deed
related
$2,750,000 · Pnc Bank NA
Jul 31, 2017
—
Daisy III Associates Ltd
—
Deed
related
$450,000 · Pnc Bank NA
Sep 9, 1996
—
Colony Cos Copley
Dairy,
Grant Deed
related
—
—
—
Daisy III Associates Ltd
—
Deed Of Trust
related
$1,000,000 · Wells Fargo Bank
—
—
Daisy III Assn Ltd
—
Deed Of Trust
related
$940,000 · Cenfed Bank
—
—
Daisy III Associates Ltd
—
Deed Of Trust
related
$1,908,000 · Arcs Commercial Mortgage Co LP
—
—
Daisy III Associates Ltd
—
Deed Of Trust
related
$569,000 · Pnc Arcs LLC
—
—
Daisy III Associates Ltd
—
Deed Of Trust
related
$2,343,000 · Pnc Bank
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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