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Property profile & analytics
FOR LEASE
Office buildings
1020 Manhattan Beach Blvd Manhattan Beach, CA 90266
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6984578
For Lease
1 / 2
$3,800,000
1020 Manhattan Beach Blvd, Manhattan Beach, CA 90266
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1976
Construction
WOOD
Total area
8,824 SF
Lot
0.24 ac (10,501 SF)
Zoning code
MNCL
APN
4170-026-024
UPID
US09-6984578
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
-
Mike Davis Custom Homes Construction Company General Contractor
-
Manhattan Tax & Accounting Tax Preparation
-
Property Tax Advisors Accounting Firm Tax Preparation
-
Towing Manhattan Beach & Roadside Assistance Auto Repair Shop
-
Lux Builders & Remodeling Inc. Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.80M
CAP Approach
CAP
$3.17M
Comparable Approach
Comparable
$3.77M
Blend (final)
Blend
$3.80M
Owner & transaction history
Mb Investments Group LLC · 1 yrs held
Mb Investments Group LLC
since 2024
Last sale
$3.8M
6 recorded transactions
Zoning & alternative use
MNCL · Manhattan Beach, CA
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 Manhattan Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Manhattan Beach 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
$3,800,000
ML approach
$3,800,000
CAP Approach
CAP Return
Estimation
6%
$3,430,000
6.5%
$3,165,000
7%
$2,940,000
Blend value · Realmo final
$3.80M
Range $3.42M – $4.18M · ±10% · vs last sale $3.80M (Oct 23 2024)
Last sale anchor
$3.80M
Oct 23 2024
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
$431 / 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
$62,568
Tax year 2024
Assessed value
$7,490,880
Assessed 2024
Previous assessed
$7,490,880
+0.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$5,243,616
Assessed improvement
$2,247,264
Applied tax rate
6.0000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Lease
Year built
1976
Construction
WOOD
Heating
NONE
Stories
2
Total area
8,824 SF
Lot
0.24 ac (10,501 SF)
Zoning code
MNCL
APN
4170-026-024
UPID
US09-6984578
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
MNCL · Manhattan Beach, CA
Zoning MNCL · permitted uses
MNCL · Manhattan Beach, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Manhattan Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1976
Construction
WOOD
Heating
NONE
Stories
2
Lot
0.24 ac
Current owner
From public records · entity-resolved
Mb Investments Group LLC
Entity
Mailing address
3625 DEL AMO BLVD STE #350, TORRANCE, CA 90503-1689
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Oct 23, 2024
$3,800,000
Mb Investments Group LLC
James G Wellbaum
Grant Deed
$2,650,000 · David Poiry Charitable Trust
Mar 29, 2024
—
James G Wellbaum
James G Wellbaum
Intrafamily Transfer
related
—
May 17, 2023
—
Christine Griffin
Scott P Griffin
Intrafamily Transfer
related
—
Jul 2, 2002
—
Poiry,d Tr
Poiry,d
Quit Claim Deed
related
—
Aug 29, 1996
$278,000
David A Poiry
Van Zanten Trust
Grant Deed
related
$702,335 · Seller
Feb 14, 1994
$800,000
Zanten Trust
1020 Manhattan B
Grant Deed
$768,000 · Wells Fargo 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.
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