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Property profile & analytics
OFF-MARKET
Estimated value
$1,230,000
Apartment buildings
11233 Culver Blvd Culver City, CA 90230-4729
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0338354
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1950
Construction
WOOD
Total area
3,236 SF
Lot
0.17 ac (7,331 SF)
Zoning code
CCR4YY
APN
4213-025-003
UPID
US10-0338354
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
$1.23M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.17M
Blend (final)
Blend
$1.23M
Owner & transaction history
Lip Gin Chui · 1 yrs held
Lip Gin Chui
since 2024
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
CCR4YY · Culver City, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.8M
+116.4%
Office building
$1.6M
+99.8%
Medical building
$1.5M
+81.3%
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
$1,230,000
ML approach
$1,230,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$815,000
Current use
AUTO REPAIR, GARAGE
$1,760,000
Change: +116% · Conversion: Difficult
OFFICE BUILDING
$1,625,000
Change: +100% · Conversion: Moderate
MEDICAL BUILDING
$1,475,000
Change: +81% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,370,000
Change: +69% · Conversion: Difficult
RETAIL STORES
$1,330,000
Change: +63% · Conversion: Difficult
COMMERCIAL (GENERAL)
$970,000
Change: +19% · Conversion: Moderate
WAREHOUSE, STORAGE
$905,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$1.23M
Range $1.11M – $1.35M · ±10% · vs last sale $1.23M (Sep 12 2024)
Last sale anchor
$1.23M
Sep 12 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
$380 / 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
$22,613
Tax year 2024
Assessed value
$1,449,812
Assessed 2024
Previous assessed
$1,449,812
+0.0% YoY
Effective rate
1.56%
On assessed value
Assessed land
$870,100
Assessed improvement
$579,712
Applied tax rate
3.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1950
Construction
WOOD
Heating
NONE
Cooling
YES
Units
5
Bathrooms
5
Total area
3,236 SF
Lot
0.17 ac (7,331 SF)
Zoning code
CCR4YY
APN
4213-025-003
UPID
US10-0338354
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
CCR4YY · Culver City, CA
Zoning CCR4YY · permitted uses
CCR4YY · 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
$815,000
AUTO REPAIR, GARAGE
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.4M
RETAIL STORES
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$970,000
WAREHOUSE, STORAGE
Est. value
$905,000
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1950
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
5
Bathrooms
5
Lot
0.17 ac
Current owner
From public records · entity-resolved
Lip Gin Chui
Individual
Mailing address
2617 S BENTLEY AVE, LOS ANGELES, CA 90064-3103
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 19, 2025
—
Lip Gin Chui
—
Deed
related
$85,000 · Jpmorgan Chase Bank NA
Sep 12, 2024
—
Lip Gin Chui
Lip Gin Chui
Intrafamily Transfer
related
—
Jul 1, 2014
$1,230,500
Joanne Chui
K & R Properties LLC
Grant Deed
$606,000 · Jpmorgan Chase Bank NA
Jul 1, 2014
—
K & R Properties II LLC
K & R Properties LLC
Quit Claim Deed
—
Jul 16, 2009
—
K & R Properties LLC
Renard,jerome
Grant Deed
—
Jul 20, 2006
—
Michael Kayem
Johansson-kayem,helene
Quit Claim Deed
$335,000 · Santa Barbara Bank & Trust
Jun 11, 2001
—
Kr Props
Renard,j
Grant Deed
related
—
Apr 26, 2001
—
Michael Kayem
Kayem,h J
Quit Claim Deed
related
—
Apr 26, 2001
$455,000
Jerome Renard
Pon,wayne & Elsie
Grant Deed
$341,250 · Santa Barbara Bank & Trust
Aug 15, 1990
—
Wayne Pon
Pon Elsie
Quit Claim Deed
related
$260,000 · Glendale 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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