New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,450,000
Warehouses
740 16th St, Costa Mesa, CA 92627-4359
Trust Owned
13-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-0113470
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1965
Total area
9,150 SF
Lot
0.42 ac (18,087 SF)
APN
424-121-25
UPID
US09-0113470
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
-
Self Made Training Facility Gym & Fitness Center
-
Personal Trainers in Costa Mesa - Self Made Training Facility Costa Mesa, CA Gym & Fitness Center
-
Wellevate Lounge Recovery Center Gym & Fitness Center Alternative Medicine Practice
-
Art of Fitness OC Gym & Fitness Center
-
Laurin Green Personal Training Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.45M
Owner & transaction history
Hachigian Susan A Trust · 13 yrs held
Hachigian Susan A Trust
since 2012
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$158 / 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
$20,562
Tax year 2024
Assessed value
$1,687,048
Assessed 2024
Previous assessed
$1,687,048
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$1,186,824
Assessed improvement
$500,224
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1965
Heating
NONE
Stories
1
Total area
9,150 SF
Lot
0.42 ac (18,087 SF)
APN
424-121-25
UPID
US09-0113470
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
1965
Heating
NONE
Stories
1
Lot
0.42 ac
Current owner
From public records · entity-resolved
Hachigian Susan A Trust
Trust
Free & Clear · 13 yrs held
Mailing address
4 JUPITER HLS DR, NEWPORT BEACH, CA 92660-9206
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 21, 2012
—
Hachigian Susan A Trust
Hachigian,susan A
Quit Claim Deed
related
—
Nov 19, 2012
—
Susan A Hachigian
Gugasian,levon
Grant Deed
—
Oct 25, 2012
—
Levon Gugasian
Gugasian Living Trust
Quit Claim Deed
related
—
Feb 11, 2004
$1,575,000
Gugasian,tr
Miller,tr
Grant Deed
—
Apr 24, 2003
—
Miller,tr
Olson,curis R
Grant Deed
related
$924,000 · Harbor Bank
Sep 11, 2001
—
Curtis Olson
—
Quit Claim Deed
related
—
Jan 24, 1991
$760,000
Curtis Olson
Backus Christine
Grant Deed
$324,000 · Seller
Oct 19, 1990
$685,000
Christine Backus
Ortega John II
Grant Deed
—
Jun 9, 1989
$794,500
Ortega John II
Casino Realty In
Grant Deed
—
Dec 23, 1988
—
Realty In Casino
Smart & Final Ir
Grant Deed
related
—
—
—
Curtis R Olson
—
Deed Of Trust
related
$406,059 · City National Bank
—
—
Curtis Olson
—
Deed Of Trust
related
$600,000 · First Los Angeles 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.
Try Rey
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