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Property profile & analytics
OFF-MARKET
Estimated value
$6,120,000
Apartment buildings
7112 Fenway Dr Westminster, CA 92683-3188
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US09-1379845
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1963
Total area
24,169 SF
Lot
0.97 ac (42,119 SF)
APN
096-051-06
UPID
US09-1379845
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
-
Fenway Apartments Apartment Building
-
Wello BalloonTurkish Tour Inc Event Planning
-
MarnaBuild EquipmentCenter Inc Building Equipment Hire Service
-
AntiqueFurniture LuxCenter Inc Home Decor Store Furniture & Home Goods
-
Karate Jung Defense Training Center Sports School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.10M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.12M
Owner & transaction history
Noi Holdings 10 LLC · 8 yrs held
Noi Holdings 10 LLC
since 2018
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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$7,690,000
6.5%
$7,095,000
7%
$6,590,000
Blend value · Realmo final
$6.12M
Range $5.51M – $6.73M · ±10%
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
$253 / 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
$104,292
Tax year 2024
Assessed value
$8,425,514
Assessed 2024
Previous assessed
$8,425,514
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$5,834,166
Assessed improvement
$2,591,348
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
1963
Heating
NONE
Stories
2
Units
29
Total area
24,169 SF
Lot
0.97 ac (42,119 SF)
APN
096-051-06
UPID
US09-1379845
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
Building & site characteristics
From public records
Year built
1963
Heating
NONE
Stories
2
Units
29
Lot
0.97 ac
Current owner
From public records · entity-resolved
Noi Holdings 10 LLC
Entity
Mailing address
PO BOX 7402, MENLO PARK, CA 94026-7402
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2025
—
Noi Holdings 10 LLC
—
Deed
related
$13,600,000 · Jpmorgan Chase Bank NA
Mar 22, 2019
—
Noi Holdings 10 LLC
—
Loan Modification
related
$10,510,000 · First Foun Bk
Feb 15, 2018
$17,607,000
Noi Holdings 10 LLC
Schulman Brothers LLC
Grant Deed
—
Oct 17, 2017
—
Schulman Family Trust
Schulman Family Trust
Quit Claim Deed
related
—
Jul 31, 2017
—
James R Samuel
Samuel,dorothy S
Affidavit Of Death
related
—
Oct 20, 2014
—
Schulman,david I Tr
Schulman,arnold
Affidavit Of Death
related
—
Jun 14, 2013
—
Schulman Family Trust
Schulman-samuel 1984 Trust
Quit Claim Deed
related
—
Nov 21, 2011
—
Schulman-samuel Trust
—
Deed Of Trust
related
$2,953,333 · Sidney Schulman
Aug 4, 2010
—
Schulman Family Trust
Schulman-samuel 1984 Trust
Quit Claim Deed
related
—
Apr 23, 1992
—
Samuel Trust
Schulman,sidney
Quit Claim Deed
related
$525,000 · Home Savings Of America
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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