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Property profile & analytics
OFF-MARKET
Estimated value
$4,500,000
Apartment buildings
1200 Manhattan Bch Blvd Manhattan Beach, CA 90266-5259
Individually Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-6935278
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1969
Construction
WOOD
Total area
16,600 SF
Lot
0.37 ac (16,322 SF)
Zoning code
MNRH
APN
4167-015-027
UPID
US09-6935278
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
-
1200 MBB Luxury Apartments Apartment Complex Apartment Building
-
GE Air Duct & Dryer Cleaning HVAC Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.41M
CAP Approach
CAP
$4.11M
Comparable Approach
Comparable
$3.36M
Blend (final)
Blend
$4.50M
Owner & transaction history
Lis H Sines · 5 yrs held
Lis H Sines
since 2021
Last sale
$4.8M
6 recorded transactions
Zoning & alternative use
MNRH · Manhattan Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$6.4M
+45.3%
Commercial (general)
$5.1M
+17.1%
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 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
$4,375,000
ML approach
$4,405,000
CAP Approach
CAP Return
Estimation
6%
$4,450,000
6.5%
$4,110,000
7%
$3,815,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$4,380,000
Current use
RETAIL STORES
$6,360,000
Change: +45% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,130,000
Change: +17% · Conversion: Moderate
Blend value · Realmo final
$4.50M
Range $4.05M – $4.95M · ±10% · vs last sale $4.80M (Feb 25 2021)
Last sale anchor
$4.80M
Feb 25 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
$271 / 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
$71,459
Tax year 2024
Assessed value
$6,029,066
Assessed 2024
Previous assessed
$6,029,066
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$3,642,562
Assessed improvement
$2,386,504
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1969
Construction
WOOD
Heating
NONE
Units
18
Bathrooms
32
Total area
16,600 SF
Lot
0.37 ac (16,322 SF)
Zoning code
MNRH
APN
4167-015-027
UPID
US09-6935278
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
MNRH · Manhattan Beach, CA
Zoning MNRH · permitted uses
MNRH · 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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$4.4M
RETAIL STORES
Est. value
$6.4M
COMMERCIAL (GENERAL)
Est. value
$5.1M
APARTMENT HOUSE (5+ UNITS) Current
RETAIL STORES
COMMERCIAL (GENERAL)
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
1969
Construction
WOOD
Heating
NONE
Units
18
Bathrooms
32
Lot
0.37 ac
Current owner
From public records · entity-resolved
Lis H Sines
Individual
Free & Clear · 5 yrs held
Mailing address
3427 NEWRIDGE DR, RANCHO PALOS VERDES, CA 90275-6300
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 3, 2026
—
1200 Manhattan Beach Blvd LLC
—
Deed
related
$600,000 · Jpmorgan Chase Bank NA
Feb 25, 2021
—
Lis H Sines
William Michael Sines
Affidavit Of Death Of Joint Tenant
related
—
Feb 11, 2021
—
1200 Manhattan Beach Blvd LLC
—
Deed
related
$6,000,000 · Jpmorgan Chase Bank NA
Sep 19, 2013
—
1200 Manhattan Beach Blvd LLC
Boutique Luxury Apartment Grp
Quit Claim Deed
—
Feb 11, 2011
$4,800,000
46 East 57th Street LLC
Sines,william M & Lis H
Grant Deed
$3,800,000 · William M & Lis H Sines
Jul 30, 1998
$667,500
William M Sines
Gartner & Sines Properties
Grant Deed
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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