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Property profile & analytics
OFF-MARKET
Estimated value
$4,375,000
Apartment buildings
7042 Fenway Dr Westminster, CA 92683-3185
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1464349
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1977
Total area
9,619 SF
Lot
0.41 ac (17,980 SF)
APN
096-051-02
UPID
US09-1464349
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
$4.41M
CAP Approach
CAP
$2.83M
Comparable Approach
Comparable
$5.64M
Blend (final)
Blend
$4.38M
Owner & transaction history
Alameda Pipe And Supply Co INC · 4 yrs held
Alameda Pipe And Supply Co INC
since 2021
Last sale
$4.3M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.6M
+57.3%
Retail stores
$4.7M
+12.3%
Neighborhood: shopping center
$4.5M
+8.1%
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 Westminster submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Westminster 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
$4,585,000
ML approach
$4,410,000
CAP Approach
CAP Return
Estimation
6%
$3,060,000
6.5%
$2,825,000
7%
$2,625,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$4,175,000
Current use
RESTAURANT
$6,565,000
Change: +57% · Conversion: Difficult
RETAIL STORES
$4,685,000
Change: +12% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,510,000
Change: +8% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,290,000
Change: +3% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,265,000
Change: +2% · Conversion: Moderate
OFFICE BUILDING
$4,125,000
Change: -1% · Conversion: Moderate
Blend value · Realmo final
$4.38M
Range $3.94M – $4.81M · ±10% · vs last sale $4.25M (Aug 5 2021)
Last sale anchor
$4.25M
Aug 5 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
$455 / 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
$52,838
Tax year 2024
Assessed value
$4,421,700
Assessed 2024
Previous assessed
$4,421,700
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$3,889,679
Assessed improvement
$532,021
Applied tax rate
20.0000
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
1977
Heating
NONE
Stories
2
Units
10
Total area
9,619 SF
Lot
0.41 ac (17,980 SF)
APN
096-051-02
UPID
US09-1464349
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
$4.2M
RESTAURANT
Est. value
$6.6M
RETAIL STORES
Est. value
$4.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.5M
AUTO REPAIR, GARAGE
Est. value
$4.3M
COMMERCIAL (GENERAL)
Est. value
$4.3M
OFFICE BUILDING
Est. value
$4.1M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1977
Heating
NONE
Stories
2
Units
10
Lot
0.41 ac
Current owner
From public records · entity-resolved
Alameda Pipe And Supply Co INC
Entity
Mailing address
6290 E BRIDLE CIR, LONG BEACH, CA 90815-4710
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 5, 2021
$4,250,000
Alameda Pipe And Supply Co INC
Vwc Fenway Dr 10 LLC
Grant Deed
—
Oct 2, 2018
$3,050,000
Vwc Fenway Dr 10 LLC
Kenneth L Mckay
Grant Deed
$1,525,000 · Jpmorgan Chase Bank NA
Oct 2, 2018
—
Owner Name Unavailable
Mckay,diane
Affidavit Of Death
related
—
Jun 17, 2005
—
Mckay Ken & Diane Trust
Mckay Ken & Diane Trust
Quit Claim Deed
related
—
Jan 6, 1998
$615,000
Kenneth L Mckay
Wong Trust
Grant Deed
$461,250 · Home Savings Of America
—
—
Mckay,tr
—
Deed Of Trust
related
$500,000 · Washington Mutual Fsb
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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