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Property profile & analytics
OFF-MARKET
Estimated value
$1,210,000
Hotels
1305 Ocean Frnt Walk Venice, CA 90291-3684
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0508675
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1912
Construction
TILT-UP CONCRETE
Total area
11,600 SF
Lot
0.1 ac (4,215 SF)
Zoning code
LCA1
APN
4226-006-002
UPID
US10-0508675
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
$1.00M
CAP Approach
CAP
$1.12M
Comparable Approach
Comparable
$1.52M
Blend (final)
Blend
$1.21M
Owner & transaction history
Boardwalk Capital Partners LLC · 7 yrs held
Boardwalk Capital Partners LLC
since 2019
7 recorded transactions
Zoning & alternative use
LCA1 · Venice, 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 Venice submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Venice 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
$1,000,000
CAP Approach
CAP Return
Estimation
6%
$1,205,000
6.5%
$1,115,000
7%
$1,035,000
Blend value · Realmo final
$1.21M
Range $1.09M – $1.33M · ±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
$104 / 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
$157,273
Tax year 2024
Assessed value
$12,638,779
Assessed 2024
Previous assessed
$12,638,779
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$6,561,876
Assessed improvement
$6,076,903
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/MOTEL
Status
Off-Market
Year built
1912
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Stories
4
Units
24
Bathrooms
32
Total area
11,600 SF
Lot
0.1 ac (4,215 SF)
Zoning code
LCA1
APN
4226-006-002
UPID
US10-0508675
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LCA1 · Venice, CA
Zoning LCA1 · permitted uses
LCA1 · Venice, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Venice. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1912
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
4
Units
24
Bathrooms
32
Lot
0.1 ac
Current owner
From public records · entity-resolved
Boardwalk Capital Partners LLC
Entity
Mailing address
8665 WILSHIRE BLVD STE #410, BEVERLY HILLS, CA 90211-2933
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 17, 2020
—
Boardwalk Capital Partners LLC
—
Deed
related
$10,000,000 · Homestreet Bank
Mar 22, 2019
$11,550,000
Boardwalk Capital Partners LLC
Venice Beach Suites LLC
Trustees Deed
$7,507,000 · Lone Oak Fund
Dec 7, 2017
—
Venice Beach Suites LLC
—
Deed
related
$250,000 · Au Lending Services LLC
Sep 30, 2002
—
Beach S Venice
Layman,a & R M
Grant Deed
related
—
—
—
Venice Beach Suites LLC
—
Deed Of Trust
related
$3,450,000 · United Commercial Bank
—
—
Venice Beach Suites LLC
—
Deed Of Trust
related
$2,500,000 · United Commercial Bank
—
—
Venice Beach Suites LLC
—
Loan Modification
related
$6,150,000 · Pacific Commerce Bk
—
—
Venice Beach Suites LLC
—
Loan Modification
related
$1,213,495 · Pacific Commerce Bank
—
—
Venice Beach Suites LLC
—
Deed Of Trust
related
$800,000 · Rff Family Partnership LP
—
—
Andy Layman
—
Deed Of Trust
related
$1,000,000 · Encino State Bank
—
—
Andy Layman
—
Deed Of Trust
related
$200,000 · Layman Financial Services INC
—
—
Layman W A
—
Deed Of Trust
related
$150,000 · Moore Trust
—
—
Andy Layman
—
Deed Of Trust
related
$1,100,000 · First Federal Savings & Loan
—
—
Andy Layman
—
Deed Of Trust
related
$330,000 · Columbia National 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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