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Property profile & analytics
OFF-MARKET
Estimated value
$2,775,000
Apartment buildings
124 Catamaran St Marina Del Rey, CA 90292-5768
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6526615
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1970
Construction
WOOD
Total area
6,354 SF
Lot
0.12 ac (5,397 SF)
Zoning code
LAR3
APN
4225-004-038
UPID
US09-6526615
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
$2.78M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.41M
Blend (final)
Blend
$2.78M
Owner & transaction history
Yarmot LLC · 2 yrs held
Yarmot LLC
since 2024
Last sale
$2.8M
7 recorded transactions
Zoning & alternative use
LAR3 · Marina Del Rey, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.1M
+55.5%
Neighborhood: shopping center
$3.9M
+45.3%
Auto repair, garage
$2.9M
+10.5%
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
$2,775,000
ML approach
$2,775,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,660,000
Current use
RESTAURANT
$4,140,000
Change: +56% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,865,000
Change: +45% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,940,000
Change: +10% · Conversion: Difficult
MEDICAL BUILDING
$2,890,000
Change: +9% · Conversion: Moderate
OFFICE BUILDING
$2,850,000
Change: +7% · Conversion: Moderate
Blend value · Realmo final
$2.78M
Range $2.50M – $3.05M · ±10% · vs last sale $2.78M (Apr 11 2024)
Last sale anchor
$2.78M
Apr 11 2024
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
$437 / 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
$23,493
Tax year 2024
Assessed value
$1,868,340
Assessed 2024
Previous assessed
$1,868,340
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$1,158,664
Assessed improvement
$709,676
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
1970
Construction
WOOD
Heating
NONE
Units
7
Bathrooms
13
Total area
6,354 SF
Lot
0.12 ac (5,397 SF)
Zoning code
LAR3
APN
4225-004-038
UPID
US09-6526615
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAR3 · Marina Del Rey, CAZoning 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
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.7M
RESTAURANT
Est. value
$4.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.9M
AUTO REPAIR, GARAGE
Est. value
$2.9M
MEDICAL BUILDING
Est. value
$2.9M
OFFICE BUILDING
Est. value
$2.9M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
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
1970
Construction
WOOD
Heating
NONE
Units
7
Bathrooms
13
Lot
0.12 ac
Current owner
From public records · entity-resolved
Yarmot LLC
Entity
Mailing address
10401 VENICE BLVD #711, LOS ANGELES, CA 90034-6491
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Apr 11, 2024
—
Yarmot LLC
Casamaran LLC
Intrafamily Transfer
related
—
Jan 31, 2024
$2,775,000
Casamaran LLC
Patricia S Ellis
Grant Deed
—
Feb 11, 2002
$1,035,500
Bradley T Ellis
Meyers,jacquelyn M
Grant Deed
$680,000 · Washington Mutual Fsb
Feb 11, 2002
$271,000
Jacquelyn N Meyers
Tim Myers Investment Ltd
Grant Deed
—
Aug 3, 1994
$73,500
Malloy Family Partners LP
Tim Meyers Inves
Grant Deed
—
Jun 24, 1992
$282,545
David Spence
Meyers,tim
Grant Deed
—
Jun 22, 1992
$100,000
Southbay Titleholders INC
Meyers,tim
Grant Deed
—
May 20, 1988
—
Josephine O'leary
Reyes
Trustees Deed
related
—
May 20, 1988
$200,500
Muhib Razak
Hirji
Trustees Deed
related
—
May 20, 1988
$401,000
Meyers Tim
Raza
Trustees Deed
related
—
Feb 26, 1988
$270,000
3201
Fish
Trustees Deed
related
$15,000 · 3201
—
—
Patricia S Ellis
—
Deed Of Trust
related
$907,000 · Washington Mutual Fsb
—
—
Bradley T Ellis
—
Deed Of Trust
related
$210,000 · Jackson Trust
—
—
Olear
—
Deed Of Trust
related
$600,000 · Coast Federal 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.
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