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Property profile & analytics
OFF-MARKET
Estimated value
$2,430,000
Hotels
1221 Vly Dr Manhattan Beach, CA 90266-4778
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-6286865
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2005
Construction
WOOD
Total area
29,964 SF
Lot
1.51 ac (65,793 SF)
Zoning code
MNPS
APN
4179-003-900
UPID
US09-6286865
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
-
ATM Atm
-
Shade Hotel Manhattan Beach Hotel & Motel
-
zinc@shade Lounge Restaurant
-
Benches To Sit Shopping Center & Mall
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.88M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.43M
Owner & transaction history
Manhattan Inn Operating Company LLC
Manhattan Inn Operating Company LLC
since 2025
7 recorded transactions
Zoning & alternative use
MNPS · 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%
$3,115,000
6.5%
$2,875,000
7%
$2,670,000
Blend value · Realmo final
$2.43M
Range $2.19M – $2.67M · ±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
$81 / 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 2023Property tax & assessments
Tax year 2023
Assessed value
$1,800,000
Assessed 2024
Previous assessed
$1,800,000
+0.0% YoY
Assessed land
$1,800,000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2005
Construction
WOOD
Heating
NONE
Stories
1
Units
38
Total area
29,964 SF
Lot
1.51 ac (65,793 SF)
Zoning code
MNPS
APN
4179-003-900
UPID
US09-6286865
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
MNPS · Manhattan Beach, CA
Zoning MNPS · permitted uses
MNPS · 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
2005
Construction
WOOD
Heating
NONE
Stories
1
Units
38
Lot
1.51 ac
Current owner
From public records · entity-resolved
Manhattan Inn Operating Company LLC
Entity
Mailing address
1400 HIGHLAND AVE, MANHATTAN BEACH, CA 90266-4756
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 5, 2025
—
Manhattan Inn Operating Company LLC
—
Deed
related
$3,000,000 · Calprivate Bank
Dec 16, 2020
—
Milo Bacic
—
Deed
related
$4,000,000 · First Choice Bank
Aug 31, 2016
—
Milo Bacic
—
Deed
related
$3,050,000 · Preferred Bk
Feb 9, 2005
—
Milo Bacic
—
Trustees Deed
related
$1,025,000 · Preferred Bank
Jul 31, 1990
—
Manhattan Pavili
—
Deed Of Trust
related
—
—
—
Manhattan Pavili
—
Deed Of Trust
related
$500,000 · Firstline Mortgage INC
—
—
William J Mcknight Mpp
—
Deed Of Trust
related
$57,600 · Richley INC
—
—
Manhattan Pavili
—
Deed Of Trust
related
$389,625 · Individual
—
—
Metlox LLC
—
Deed Of Trust
related
$9,600,000 · Miscellaneous Ins Co
—
—
Milo Bacic
—
Deed Of Trust
related
$1,500,000 · Preferred Bank
—
—
Milo Bacic
—
Loan Modification
related
$1,500,000 · Preferred Bank
—
—
Milo Bacic
—
Loan Modification
related
$3,050,000 · Preferred Bk
—
—
Metlox LLC
—
Deed Of Trust
related
$1,560,000 · Preferred Bank
—
—
Metlox LLC
—
Deed Of Trust
related
$11,000,000 · Prudential Mortgage Capital Co
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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