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Property profile & analytics
OFF-MARKET
Estimated value
$18,285,000
Office buildings
111 Sepulveda Blvd Manhattan Beach, CA 90266-6861
Individually Owned
34-yr Hold
Free & Clear
Property ID
US09-6982473
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1983
Construction
STEEL FRAME
Total area
70,270 SF
Lot
0.77 ac (33,417 SF)
Zoning code
MNCG
APN
4169-015-018
UPID
US09-6982473
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
-
Sheet Metal Benefit Plans Corporation Production Facility Metal Fabrication Plant
-
Western America Properties Property Management Company
-
South Bay Associates Property Management Company
-
Equity Management Co Property Management Company
-
Milestone Mortgage Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$25.21M
Comparable Approach
Comparable
$11.28M
Blend (final)
Blend
$18.29M
Owner & transaction history
Metal Work Sheet · 34 yrs held
Metal Work Sheet
since 1991
6 recorded transactions
Zoning & alternative use
MNCG · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$27,305,000
6.5%
$25,205,000
7%
$23,405,000
Blend value · Realmo final
$18.29M
Range $16.46M – $20.11M · ±10%
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
$260 / 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
$126,411
Tax year 2024
Assessed value
$10,560,803
Assessed 2024
Previous assessed
$10,560,803
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$1,768,375
Assessed improvement
$8,792,428
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
Off-Market
Year built
1983
Construction
STEEL FRAME
Heating
NONE
Stories
3
Total area
70,270 SF
Lot
0.77 ac (33,417 SF)
Zoning code
MNCG
APN
4169-015-018
UPID
US09-6982473
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
MNCG · Manhattan Beach, CA
Zoning MNCG · permitted uses
MNCG · 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
1983
Construction
STEEL FRAME
Heating
NONE
Stories
3
Lot
0.77 ac
Current owner
From public records · entity-resolved
Metal Work Sheet
Individual
Free & Clear · 34 yrs held
Mailing address
111 N SEPULVEDA BLVD STE #250, MANHATTAN BEACH, CA 90266-6850
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
1991
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 11, 2022
—
Preservation Xv LP
—
Deed
related
$9,275,000 · Clearinghouse Dcfi
Oct 9, 1992
—
Metal Workers Pension Plan Sheet
—
Deed Of Trust
related
—
Dec 31, 1991
$4,125,000
Metal Work Sheet
Cal Fed Bank
Grant Deed
—
Apr 23, 1991
$8,013,521
Cal Fed Bank
Pacific Manhatta
Trustees Deed
related
—
Mar 30, 1989
—
Manhattan Plaza
Pac
Trustees Deed
related
—
—
—
Manhattan As Pac
—
Deed Of Trust
related
$8,000,000 · California Federal 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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