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    Property profile & analytics

    800 Corto Way La Habra, CA 90631-3636

    • Apartment buildings
    • 7,339 SF
    • 0.28 lot acres
    OFF-MARKET
    Last Sale
    Apr 03, 2020
    $1,990,000
    Value Estimations
    $2,095,000
    Show details
    Cap Rate Potential
    6.4%
    Apartment buildings
    Location Intelligence
    Property ID
    US09-0601591
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 800 Corto Way

    Year built
    1968
    Lot size
    0.28 lot acres
    Property size
    7,339 SF
    Property type
    Apartment buildings
    APN
    018-020-09
    APU
    1802009

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,200,000
      ML approach
      $2,135,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,335,000
      6.5%
      $2,155,000
      7%
      $2,000,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,641,000
      Market price range: $638k - $2.73M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $1,835,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $3,445,000
      Change: +87% Conversion: Difficult
      RETAIL STORES
      $3,370,000
      Change: +83% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $3,275,000
      Change: +78% Conversion: Difficult
      OFFICE BUILDING
      $3,150,000
      Change: +71% Conversion: Moderate
      INDUSTRIAL (GENERAL)
      $2,425,000
      Change: +32% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $2,335,000
      Change: +27% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    La Habra
    County
    Orange
    State
    California
    Longitude
    -117.962
    Latitude
    33.9386
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $25,024
    $1,865,632
    $268,048
    $2,133,680
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $3,145,000
      69,307 SF

      1201 Las Riendas Dr

      APARTMENT HOUSE (5+ UNITS) • 69,307 SF
      1201 Las Riendas Dr, La Habra, CA 90631
      View Details
    • Value Estimation
      $1,035,000
      7,766 SF

      1362 Macy St

      APARTMENT HOUSE (5+ UNITS) • 7,766 SF
      1362 Macy St, La Habra, CA 90631-3443
      View Details
    • Value Estimation
      $2,810,000
      13,786 SF

      731 Maple St

      APARTMENT HOUSE (5+ UNITS) • 13,786 SF
      731 Maple St, La Habra, CA 90631-3967
      View Details
    • Value Estimation
      $8,525,000
      199,070 SF

      1401 Hbr Blvd

      APARTMENT HOUSE (100+ UNITS) • 199,070 SF
      1401 Hbr Blvd, La Habra, CA 90631-7556
      View Details
    • Value Estimation
      $2,215,000
      12,780 SF

      2232 Kenrich Ct

      APARTMENT HOUSE (5+ UNITS) • 12,780 SF
      2232 Kenrich Ct, La Habra, CA 90631
      View Details
    • Value Estimation
      $2,615,000
      20,513 SF

      911 Euclid St

      APARTMENT HOUSE (5+ UNITS) • 20,513 SF
      911 Euclid St, La Habra, CA 90631-2963
      View Details

    Similar Nearby for Sale

    • $6,900,000

      Detached Cottage Apartment Community

      Two-bedroom detached single-story cottages on over an acre.
      237 S Monte Vista St, La Habra, CA 90631
      View Details
    • $4,316,000

      La Habra Multifamily Investment

      9-Unit Apartment Complex, Turnkey
      311 Idaho St, La Habra, CA 90631
      View Details
    • $6,300,000

      La Habra Multifamily Investment Opportunity

      20-unit multifamily property with value-add potential in La Habra.
      950 N Walnut St, La Habra, CA 90631
      View Details
    • $1,650,000

      Four-Unit Multifamily Asset in La Habra

      Four units in a desirable Orange County rental market.
      211 W Mountain View Ave, La Habra, CA 90631
      View Details
    • $1,599,990
      3,757 SF

      Updated Quadruplex in La Habra

      Well-maintained, income-producing property with upside potential in a desirable location.
      1301 Burwood St, La Habra, CA 90631
      View Details
    • Contact for pricing

      Remodeled Home in 55+ Community

      Stunning 2-bedroom, 2-bathroom remodeled manufactured home in Lake Park La Habra.
      620 Lake Ridge Way, La Habra, CA 90631
      View Details

    Similar Nearby for Lease

    • $5,206 /Mo

      Retail Space in La Habra

      Retail space available in affluent Orange County location.
      1305 W Whittier Blvd, La Habra, CA 90631
      View Details
    • Contact for pricing
      2,000 SF

      Retail Corner Unit Available

      Retail corner unit available for rent in La Habra.
      901 E Lambert Rd, La Habra, CA 90631
      View Details
    • Contact for pricing
      2,816 SF

      La Habra Warehouse Space

      Multi-tenant warehouse space available for lease in La Habra.
      641 S Palm St, La Habra, CA 90631
      View Details
    • Contact for pricing
      1,193 SF

      Office Space For Rent

      Second floor office space available for rent.
      1901 E Lambert Rd, La Habra, CA 90631
      View Details
    • Contact for pricing
      24,301 SF

      La Habra Outdoor Storage Site

      24,301 SF of land for outdoor storage.
      570 S Cypress St, La Habra, CA 90631
      View Details
    • $2 SF/Yr
      900 SF

      Renovated Retail Space Available

      Fully renovated retail spaces with new amenities for lease.
      1281 E La Habra Blvd, La Habra, CA 90631
      View Details

    Property Visit Statistics

    • Visits by month
      1.2k
    • Visitors by month
      802
    • Avg Time on site
      51 min
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    800 Corto Way
    La Habra, CA 90631-3636
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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