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Property profile & analytics
OFF-MARKET
Estimated value
$67,700,000
Apartment buildings
10601 Washington Blvd Culver City, CA 90232-3385
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9527191
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2018
Construction
WOOD
Total area
155,087 SF
Lot
0.89 ac (38,812 SF)
Zoning code
LAR3
APN
4208-009-049
UPID
US09-9527191
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$67.70M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$77.73M
Blend (final)
Blend
$67.70M
Owner & transaction history
Cobalt Bldg 1 LLC · 2 yrs held
Cobalt Bldg 1 LLC
since 2024
Last sale
$67.7M
7 recorded transactions
Zoning & alternative use
LAR3 · Culver City, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$99.6M
+70.2%
Auto repair, garage
$84.3M
+44.0%
Office building
$77.8M
+33.0%
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 Culver City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Culver City 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
$67,700,000
ML approach
$67,700,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$58,530,000
Current use
INDUSTRIAL (GENERAL)
$99,640,000
Change: +70% · Conversion: Difficult
AUTO REPAIR, GARAGE
$84,305,000
Change: +44% · Conversion: Difficult
OFFICE BUILDING
$77,835,000
Change: +33% · Conversion: Moderate
MEDICAL BUILDING
$70,650,000
Change: +21% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$65,680,000
Change: +12% · Conversion: Difficult
RETAIL STORES
$63,675,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$67.70M
Range $60.93M – $74.47M · ±10% · vs last sale $67.70M (Feb 16 2024)
Last sale anchor
$67.70M
Feb 16 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
$437 / 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
$1,216,442
Tax year 2024
Assessed value
$99,935,227
Assessed 2024
Previous assessed
$99,935,227
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$27,571,865
Assessed improvement
$72,363,362
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
2018
Construction
WOOD
Heating
NONE
Stories
1
Units
135
Total area
155,087 SF
Lot
0.89 ac (38,812 SF)
Zoning code
LAR3
APN
4208-009-049
UPID
US09-9527191
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAR3 · Culver City, CA
Zoning LAR3 · permitted uses
LAR3 · Culver City, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Culver City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$58.5M
INDUSTRIAL (GENERAL)
Est. value
$99.6M
AUTO REPAIR, GARAGE
Est. value
$84.3M
OFFICE BUILDING
Est. value
$77.8M
MEDICAL BUILDING
Est. value
$70.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$65.7M
RETAIL STORES
Est. value
$63.7M
APARTMENT HOUSE (5+ UNITS) Current
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2018
Construction
WOOD
Heating
NONE
Stories
1
Units
135
Lot
0.89 ac
Current owner
From public records · entity-resolved
Cobalt Bldg 1 LLC
Entity
Mailing address
8721 SANTA MONICA BLVD #224, LOS ANGELES, CA 90069-4507
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 16, 2024
$67,700,000
Cobalt Bldg 1 LLC
Gdcv Il West La 135 LLC
Grant Deed
$40,000,000 · Cathay Bank
Dec 9, 2015
—
Gdcv II West La 135 LLC
—
Deed Of Trust
related
$48,418,073 · Jp Morgan Chase Bk
Sep 16, 2014
$23,400,000
Gdcv II West La 135 LLC
Gateway Equities LLC
Grant Deed
—
Mar 12, 2008
—
Gateway Equities LLC
Lot INC
Grant Deed
$4,000,000 · First Bank Of Beverly Hills
Sep 22, 1999
$1,130,000
Lot INC
—
Grant Deed
related
—
Jun 22, 1999
—
Wmrp Delaware Holdings LLC
—
Deed Of Trust
related
—
—
—
Gateway Equities LLC
—
Deed Of Trust
related
$700,000 · First California Bank
—
—
Gateway Equities LLC
—
Deed Of Trust
related
$1,500,000 · First California Bank
—
—
Gdcv II West La 135 LLC
—
Deed Of Trust
related
$55,000,000 · Hgi Com'l Fndg W LLC
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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