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Property profile & analytics
OFF-MARKET
Estimated value
$1,570,000
Apartment buildings
120 Driftwood St, Marina Del Rey, CA 90292-5710
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8756591
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1924
Construction
WOOD
Total area
4,405 SF
Lot
0.16 ac (6,833 SF)
Zoning code
LAR3
APN
4225-007-013
UPID
US09-8756591
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
$1.61M
CAP Approach
CAP
$1.09M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.57M
Owner & transaction history
Steven Griffin · 4 yrs held
Steven Griffin
since 2021
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
LAR3 · Marina Del Rey, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.0M
+10.5%
Medical building
$2.0M
+8.6%
Office building
$2.0M
+7.1%
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 Marina Del Rey submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Marina Del Rey 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
$1,465,000
ML approach
$1,605,000
CAP Approach
CAP Return
Estimation
6%
$1,180,000
6.5%
$1,090,000
7%
$1,015,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,845,000
Current use
AUTO REPAIR, GARAGE
$2,035,000
Change: +10% · Conversion: Difficult
MEDICAL BUILDING
$2,000,000
Change: +9% · Conversion: Moderate
OFFICE BUILDING
$1,975,000
Change: +7% · Conversion: Moderate
Blend value · Realmo final
$1.57M
Range $1.41M – $1.73M · ±10% · vs last sale $1.61M (Aug 17 2021)
Last sale anchor
$1.61M
Aug 17 2021
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
$356 / 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
$25,383
Tax year 2024
Assessed value
$2,028,850
Assessed 2024
Previous assessed
$2,028,850
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$1,523,851
Assessed improvement
$504,999
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
1924
Construction
WOOD
Heating
NONE
Cooling
YES
Units
7
Bathrooms
7
Total area
4,405 SF
Lot
0.16 ac (6,833 SF)
Zoning code
LAR3
APN
4225-007-013
UPID
US09-8756591
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAR3 · Marina Del Rey, CA
Zoning LAR3 · permitted uses
LAR3 · Marina Del Rey, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Marina Del Rey. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$2.0M
OFFICE BUILDING
Est. value
$2.0M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
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
1924
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
7
Bathrooms
7
Lot
0.16 ac
Current owner
From public records · entity-resolved
Steven Griffin
Individual
Mailing address
3502 MCBAIN AVE, REDONDO BEACH, CA 90278-1760
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 2, 2026
—
Steven Griffin
—
Deed
related
$175,000 · Equity Wave Lending
Aug 17, 2021
—
Steven Griffin
Steven Griffin
Intrafamily Transfer
related
$1,350,000 · Jpmorgan Chase Bank NA
Jun 27, 2019
—
Steve Griffin
—
Deed
related
$1,050,000 · Banc Of California NA
Oct 18, 2018
—
Steve Griffin
—
Deed
related
$210,000 · Haber Ralph & Carol F/tr (pt)
Dec 1, 2017
—
Steve Griffin
—
Deed
related
$300,000 · Jpmorgan Chase Bank NA
Mar 13, 2009
$1,607,000
Steve Griffin
Hollywood Carlton Props LLC
Grant Deed
—
Nov 30, 2007
—
Hollywood Carlton Properties LLC
Hugh Mathew Rosenthal
Grant Deed
$835,825 · First Federal Bank Of California
Sep 6, 2002
—
Rosenthal,hugh M Tr
Eisenbrg,g P
Grant Deed
related
—
Sep 27, 1998
—
Eisenberg Gary P Decd Est Of
—
Deed Of Trust
related
—
—
—
Steve Griffin
—
Deed Of Trust
related
$210,000 · Haber Ralph & Carol F/tr (pt)
—
—
Gary P Eisenberg
—
Deed Of Trust
related
—
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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