Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1340 12th St Manhattan Beach, CA 90266-5242
    Back to Search
    Property profile & analytics

    1340 12th St, Manhattan Beach, CA 90266-5242

    View on Map
    • Apartment buildings
    • 7,782 SF
    • 0.15 lot acres
    Off-Market
    Last Sale May 5, 2023
    $640,006
    Property ID
    US09-7875572
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $620,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Luxterling Construction Inc. / General Contractor

    Property Details for 1340 12th St

    Year built
    1970
    Construction
    WOOD
    Lot size
    0.15 lot acres
    Zone code
    MNRH
    Property type
    Apartment buildings
    APN
    4166-010-003
    APU
    4166010003

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 5, 2023 $640,000 Daniel Dean Crosser Mark W Slavin Grant Deed —
    Jul 31, 2015 — Crosser,dan Living Trust Crosser,daniel D Quit Claim Deed · related —
    Jun 29, 2011 $300,000 Daniel D Crosser Glass,steven R Quit Claim Deed · related —
    Jun 4, 2007 — Slavin Family Trust Slavin,mark W Quit Claim Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $610,000
      ML approach
      $595,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Manhattan Beach
    County
    Los Angeles
    State
    California
    Longitude
    -118.39
    Latitude
    33.888
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $22,955
    $1,017,221
    $854,888
    $1,872,109
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $755,000
      6,384 SF

      1802 12th St

      APARTMENT HOUSE (5+ UNITS)
      1802 12th St, Manhattan Beach, CA 90266-6237
      View Details
    • Value Estimation
      $3,165,000
      18,475 SF

      747 12th St

      APARTMENT HOUSE (5+ UNITS)
      747 12th St, Manhattan Beach, CA 90266-4878
      View Details
    • Value Estimation
      $605,000
      3,192 SF

      1820 12th St

      APARTMENT HOUSE (5+ UNITS)
      1820 12th St, Manhattan Beach, CA 90266-6232
      View Details
    • Value Estimation
      $1,375,000
      10,326 SF

      1325 Manhattan Bch Blvd

      APARTMENT HOUSE (5+ UNITS)
      1325 Manhattan Bch Blvd, Manhattan Beach, CA 90266-5240
      View Details
    • Value Estimation
      $940,000
      8,086 SF

      1150 Manhattan Bch Blvd

      APARTMENT HOUSE (5+ UNITS)
      1150 Manhattan Bch Blvd, Manhattan Beach, CA 90266-5258
      View Details
    • Value Estimation
      $1,545,000
      9,435 SF

      715 Prospect Ave

      APARTMENT HOUSE (5+ UNITS)
      715 Prospect Ave, Manhattan Beach, CA 90266-6965
      View Details

    Similar Nearby for Sale

    • $25,000,000
      5,967 SF

      Manhattan Beach Strand Legacy Compound

      Remodeled oceanfront quadplex with Pacific views and prime location.
      1000 The Strand, Manhattan Beach, CA 90266
      View Details
    • $2,750,000
      3,226 SF

      Manhattan Beach Triplex For Sale

      Triplex located in Manhattan Beach, California, with 3226 square feet.
      637 Manhattan Beach Blvd, Manhattan Beach, CA 90266
      View Details
    • $3,695,000

      Manhattan Beach Coastal Corner Property

      Rare 1920s corner lot with panoramic ocean views.
      4308 Crest Dr, Manhattan Beach, CA 90266
      View Details
    • $2,240,000
      1,548 SF

      Upgraded Duplex with Ocean Views

      Two-level duplex offers updated finishes, including engineered bamboo floors and ocean-view living from an upper balcony.
      126 43Rd St, Manhattan Beach, CA 90266
      View Details
    • $3,695,000
      1,638 SF

      Manhattan Beach Coastal Legacy Property

      Rare 1920s corner lot with panoramic ocean views.
      4308 Crest Dr, Manhattan Beach, CA 90266
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,654 SF

      Manhattan Beach Retail Space Available

      Class A shopping center space for lease in Manhattan Beach.
      1830 North Sepulveda Blvd, Manhattan Beach, CA 90266
      View Details
    • Contact for pricing
      45,000 SF

      Manhattan Beach Office Space

      Desirable Rosecrans Corridor location in Manhattan Beach.
      1440 Rosecrans Ave, Manhattan Beach, CA 90266
      View Details
    • $1,100 /Mo
      1,580 SF

      Manhattan Beach Second Floor Office

      Two-room office space in Manhattan Beach, move-in ready.
      1716 Manhattan Beach Blvd, Manhattan Beach, CA 90266
      View Details
    • Contact for pricing

      Office Space for Lease

      Office space available for lease in Manhattan Beach, CA.
      1201 Morningside Dr, Manhattan Beach, CA 90266
      View Details
    • Contact for pricing

      Professional Office Space Near LAX

      Clean office space, convenient location, near LAX and beach.
      19-2100 N Sepulveda Blvd, Manhattan Beach, CA 90266
      View Details
    • $1,411 /Mo

      Second-Floor Office Suite with Natural Light

      Suite 38 offers a clean, professional office environment with natural light and convenient on-site parking.
      2100 N Sepulveda Blvd, Manhattan Beach, CA 90266
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1340 12th St
    Manhattan Beach, CA 90266-5242
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1340 12th St, Manhattan Beach, CA, 90266
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!