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Property profile & analytics
OFF-MARKET
Estimated value
$500,000
Office buildings
1501 Pacific Ave Venice, CA 90291-3611
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8888417
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1966
Construction
TILT-UP CONCRETE
Total area
2,121 SF
Lot
0.09 ac (3,785 SF)
Zoning code
LACM
APN
4226-008-011
UPID
US09-8888417
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
$360k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$382k
Blend (final)
Blend
$500k
Owner & transaction history
78 Market Street LLC · 12 yrs held
78 Market Street LLC
since 2013
7 recorded transactions
Zoning & alternative use
LACM · 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
$360,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$500k
Range $450k – $550k · ±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
$236 / 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
$41,469
Tax year 2024
Assessed value
$2,878,365
Assessed 2024
Previous assessed
$2,878,365
+0.0% YoY
Effective rate
1.44%
On assessed value
Assessed land
$2,764,198
Assessed improvement
$114,167
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1966
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
2,121 SF
Lot
0.09 ac (3,785 SF)
Zoning code
LACM
APN
4226-008-011
UPID
US09-8888417
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LACM · Venice, CA
Zoning LACM · permitted uses
LACM · 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
1966
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
78 Market Street LLC
Entity
Mailing address
1880 CENTURY PARK E STE #200, LOS ANGELES, CA 90067-1602
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 9, 2013
$2,395,000
78 Market Street LLC
Nesis,elihu S
Grant Deed
—
May 11, 2000
—
Elihu S Nesis
Nesis,h
Quit Claim Deed
related
—
May 11, 2000
$500,000
Elihu S Nesis
—
Grant Deed
related
—
Sep 3, 1999
—
Judith L Tyler
Edwards,s T Co-trustee
Quit Claim Deed
related
—
—
—
Elihu S Nesis
—
Deed Of Trust
related
$1,331,250 · Phh Mortgage Services Corp
—
—
Elihu S Nesis
—
Deed Of Trust
related
$750,000 · First Capital Corp
—
—
Elihu S Nesis
—
Deed Of Trust
related
$550,000 · Bay Area Financial
—
—
Elihu S Nesis
—
Deed Of Trust
related
$450,000 · Bay Area Financial
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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