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Property profile & analytics
FOR LEASE
Office buildings
1201 Morningside Dr Manhattan Beach, CA 90266
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8203939
For Lease
$2,845,000
1201 Morningside Dr, Manhattan Beach, CA 90266
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1986
Construction
WOOD
Total area
9,960 SF
Lot
0.12 ac (5,382 SF)
Zoning code
MNCD
APN
4179-004-027
UPID
US09-8203939
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
-
2B Communications Association / Organization
-
Toomey Philip A Law Firm
-
Newman & Associates Inc Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.58M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.85M
Owner & transaction history
1201 Morningside Drive Partners LLC · 7 yrs held
1201 Morningside Drive Partners LLC
since 2018
6 recorded transactions
Zoning & alternative use
MNCD · 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%
$3,870,000
6.5%
$3,575,000
7%
$3,320,000
Blend value · Realmo final
$2.85M
Range $2.56M – $3.13M · ±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
$286 / 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
$99,780
Tax year 2024
Assessed value
$8,749,167
Assessed 2024
Previous assessed
$8,749,167
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$2,187,291
Assessed improvement
$6,561,876
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
Status
For Lease
Year built
1986
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Total area
9,960 SF
Lot
0.12 ac (5,382 SF)
Zoning code
MNCD
APN
4179-004-027
UPID
US09-8203939
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
MNCD · Manhattan Beach, CA
Zoning MNCD · permitted uses
MNCD · 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
1986
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
1201 Morningside Drive Partners LLC
Entity
Mailing address
2301 ROSECRANS AVE STE #4130, EL SEGUNDO, CA 90245-4966
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
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 17, 2021
—
Morningside Drive Partners LLC
—
Deed
related
$13,000,000 · Industrial & Commercial Bank Of China NA
Sep 17, 2018
$8,000,000
1201 Morningside Drive Partners LLC
Dennis Cooper
Grant Deed
$8,000,000 · Latitude Management Real Estate Cap
Mar 7, 2000
—
Dennis K Cooper
Cooper D K Trustee,
Quit Claim Deed
related
—
Apr 24, 1990
—
Dennis K Cooper
Coop
Quit Claim Deed
related
—
—
—
Cooper Dennis & K Family Trust
—
Deed Of Trust
related
—
—
—
Cooper,tr
—
Deed Of Trust
related
$988,000 · Umpqua 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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