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    6916 Vis Del Mar Ln Los Angeles, CA 90293

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    6916 Vis Del Mar Ln Los Angeles, CA 90293

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    Current Use by Public Records

    • Land

    Property Details for 6916 Vis Del Mar Ln

    Property type
    Land

    Description

    Discover an exceptional development opportunity in prestigious Playa Del Rey, California. This offering comprises three contiguous hillside lots totaling an impressive 23,712 square feet, presenting breathtaking panoramic views of the Pacific Ocean and surrounding mountains. Each lot offers unique potential for a variety of residential projects. Lot 1 encompasses 6,650 square feet, Lot 2 boasts 8,812 square feet, and Lot 3 provides 8,250 square feet of buildable land. The combined acreage provides ample space for a substantial development, allowing for creative architectural designs to maximize the stunning vistas. The property is located at 6916 Vista Del Mar Lane, Los Angeles, CA 90293, within Los Angeles County, and features the APN 4116-030-025. This exceptional location offers unparalleled access to the vibrant Playa Del Rey lifestyle, with its renowned beaches, restaurants, and shops just moments away. The asking price for this unique opportunity is $1,499,000. This is a rare chance to acquire a significant parcel of land in a highly desirable coastal location, perfect for discerning developers or investors seeking a prime development project with exceptional views.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.447
    Latitude
    33.9567

    Comparable in this City

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      $4,330,000
      26,941 SF

      7760 Paseo Del Rey

      APARTMENT HOUSE (5+ UNITS) • 26,941 SF
      7760 Paseo Del Rey, Playa Del Rey, CA 90293-8374
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    • Value Estimation
      $1,855,000
      16,488 SF

      7733 Saint Bernard St

      APARTMENT HOUSE (5+ UNITS) • 16,488 SF
      7733 Saint Bernard St, Playa Del Rey, CA 90293-7356
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    • Value Estimation
      $13,820,000
      129,177 SF

      6200 Vis Del Mar

      APARTMENT HOUSE (5+ UNITS) • 129,177 SF
      6200 Vis Del Mar, Playa Del Rey, CA 90293-7586
      View Details
    • Value Estimation
      $750,000
      4,703 SF

      8114 83rd St

      APARTMENT HOUSE (5+ UNITS) • 4,703 SF
      8114 83rd St, Playa Del Rey, CA 90293-7854
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    • Value Estimation
      $1,150,000
      8,828 SF

      404 Culver Blvd

      APARTMENT HOUSE (5+ UNITS) • 8,828 SF
      404 Culver Blvd, Playa Del Rey, CA 90293-7764
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    • Value Estimation
      $980,000
      4,385 SF

      7737 Manchester Ave

      APARTMENT HOUSE (5+ UNITS) • 4,385 SF
      7737 Manchester Ave, Playa Del Rey, CA 90293-8440
      View Details

    Similar Nearby for Sale

    • $750,000
      5,645.00 Acres

      Panoramic Ocean View Land

      Hilltop lot with plans for contemporary beach homes.
      6929 Vista Del Mar St, Playa del Rey, CA 90293
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    • $2,495,000
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      Prime Playa Del Rey Corner Lot

      Flat, vacant R3-zoned lot with unobstructed waterfront views.
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    • $1,050,000
      0.15 Acres

      Playa Del Rey Land Opportunity

      Three adjacent lots totaling 23,712 sqft with ocean and mountain views.
      6916 Vista Del Mar St, Playa del Rey, CA 90293
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    • $2,600,000
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      Renovated Playa del Rey Commercial Building

      Creative office/retail building in Playa del Rey, walking distance to beach.
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    Similar Nearby for Lease

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      Prime Retail Space Near Beach

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      177 Culver Blvd, Playa del Rey, CA 90293
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    • $3,200 /Mo
      2,692 SF

      Playa del Rey Office Space

      Second-floor office space near the beach with 24-hour access.
      165 Culver Blvd, Playa del Rey, CA 90293
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    • $6,500 /Mo

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      View Details
    • $6,500 /Mo
      1,800 SF

      Renovated Creative Office/Retail Building

      Renovated Playa Del Rey creative office/retail building for lease.
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    6916 Vis Del Mar Ln
    Los Angeles, CA 90293
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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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