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Property profile & analytics
OFF-MARKET
Estimated value
$1,715,000
Banks
1221 Hermosa Ave Hermosa Beach, CA 90254-5252
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-8408598
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1923
Construction
TILT-UP CONCRETE
Total area
24,860 SF
Lot
0.32 ac (14,004 SF)
Zoning code
HBC2YY
APN
4183-002-008
UPID
US09-8408598
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
-
Masha Krakovskaya | MK Homes Group Real Estate Agency
-
Rob Depaoli Real Estate Agency
-
Val Pagett, Real Estate Agent, South Bay & Los Angeles Real Estate Agency
-
Local Collaborative Hermosa Coworking & Hybrid Office
-
Kelsey Harrington Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.07M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.35M
Blend (final)
Blend
$1.72M
Owner & transaction history
1221 Hermosa Avenue LLC · 6 yrs held
1221 Hermosa Avenue LLC
since 2019
4 recorded transactions
Zoning & alternative use
HBC2YY · Hermosa 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 Hermosa Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hermosa 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
$1,070,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.72M
Range $1.54M – $1.89M · ±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
$69 / 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
$210,861
Tax year 2024
Assessed value
$19,299,635
Assessed 2024
Previous assessed
$19,299,635
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$7,505,413
Assessed improvement
$11,794,222
Applied tax rate
4.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1923
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
24,860 SF
Lot
0.32 ac (14,004 SF)
Zoning code
HBC2YY
APN
4183-002-008
UPID
US09-8408598
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
HBC2YY · Hermosa Beach, CA
Zoning HBC2YY · permitted uses
HBC2YY · Hermosa Beach, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hermosa Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1923
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.32 ac
Current owner
From public records · entity-resolved
1221 Hermosa Avenue LLC
Entity
Free & Clear · 6 yrs held
Mailing address
10877 WILSHIRE BLVD STE #1606, LOS ANGELES, CA 90024-4371
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 6, 2021
—
Locl Collaborative Hermosa LLC
—
Deed
related
$1,400,000 · Golden State Bank
Aug 7, 2019
$18,000,000
1221 Hermosa Avenue LLC
Street Retail West 4 LP
Grant Deed
—
Sep 17, 1997
—
Street Retail West 4 LP
Newfield,michael R
Grant Deed
related
—
Jul 9, 1996
—
Michael R 1996 Interv Newfield
Newfield,m R
Quit Claim 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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