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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Apartment buildings
1500 Manhattan Ave, Hermosa Beach, CA 90254-3612
Trust Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9555822
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1962
Construction
WOOD
Total area
4,604 SF
Lot
0.1 ac (4,506 SF)
Zoning code
HBR3YY
APN
4183-013-010
UPID
US09-9555822
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$570k
Owner & transaction history
Premier Trust INC · 3 yrs held
Premier Trust INC
since 2023
7 recorded transactions
Zoning & alternative use
HBR3YY · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$124 / 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
$21,734
Tax year 2024
Assessed value
$1,869,776
Assessed 2024
Previous assessed
$1,869,776
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$1,237,962
Assessed improvement
$631,814
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1962
Construction
WOOD
Heating
NONE
Cooling
YES
Buildings
2
Units
6
Bathrooms
6
Total area
4,604 SF
Lot
0.1 ac (4,506 SF)
Zoning code
HBR3YY
APN
4183-013-010
UPID
US09-9555822
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
HBR3YY · Hermosa Beach, CA
Zoning HBR3YY · permitted uses
HBR3YY · 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
1962
Construction
WOOD
Heating
NONE
Cooling
Yes
Buildings
2
Units
6
Bathrooms
6
Lot
0.1 ac
Current owner
From public records · entity-resolved
Premier Trust INC
Trust
Mailing address
311 15TH ST, MANHATTAN BEACH, CA 90266-4605
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 24, 2023
—
Premier Trust INC
Premier Trust INC
Correction Deed
related
$1,470,500 · Ruth Zegier Foundation
Jun 10, 2022
—
Premier Trust
Kenneth R Ziegler
Deed
—
Nov 30, 2021
—
Jeffrey Davis
Jeffrey A Davis
Intrafamily Transfer
related
—
Nov 27, 2018
—
Jeffrey A Davis
Dz Properties LLC
Quit Claim Deed
—
Dec 30, 2014
—
Dz Properties LLC
Dz Properties LLC
Quit Claim Deed
—
Nov 17, 1998
$900,000
D Z Properties LLC
Le Gras,w D & Stephanie
Grant Deed
$682,500 · Malaga Bank
—
—
Legras W Dean
—
Deed Of Trust
related
$500,000 · First Federal Savings & Loan
—
—
Legra
—
Deed Of Trust
related
$100,000 · Western Federal Savings & Loan
—
—
Dz Properties LLC
—
Deed Of Trust
related
$1,600,000 · Jp Morgan Chase Bk
—
—
D Z Properties LLC
—
Deed Of Trust
related
$825,000 · Washington Mutual Fsb
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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