Entity Owned Property summary
AI-generated overview
The property is a completely refurbished two-story creative office and studio space totaling 2,614 square feet, located on Abbot Kinney Boulevard in Venice. It is zoned LA C2-1 and is configured to support a range of uses such as professional or creative studio space, production offices, photography studio, holistic healing center, museum or exhibit space, and related interactive or office uses. The building includes a conference room, a loft office, wood floors, and skylights, with each floor providing 2,368 square feet of area. Interior amenities include a full kitchen equipped with an oven, dishwasher, refrigerator, and microwave, two restrooms (one with a shower), a laundry room, and access to a balcony and rooftop area with views. Parking and storage features include a four-car garage with a bike rack. The property is positioned on Abbot Kinney Boulevard with a reported traffic count of 11,375 vehicles per day.
Property profile
Verified
Property type
Other industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1993
Construction
TILT-UP CONCRETE
Total area
3,467 SF
Lot
0.06 ac (2,700 SF)
Zoning code
LAC2
APN
4238-005-031
UPID
US10-0512913
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Apartment Building
-
Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Marketing & Advertising (Bike/Boat/Book/etc) Store
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$360k
CAP Approach
CAP
$625k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$530k
Owner & transaction history
since 2014
7 recorded transactions
Zoning & alternative use
LAC2 · Venice, CA
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 9 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$530k
Value range
$477k – $583k
±10% around blend
Estimated value / SF
$153 / SF
Confidence
High
9 county-verified comps
Property data
100
Market benchmarks
33
Comparable evidence
90
$477k
blend $530k
$583k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
3,467 SF
Lot area
0.06 ac
Year built
1993
Stories
1
APN
4238-005-031
Zoning
LAC2
Assessed value
$1,779,962
Annual tax
$21,779
3
Income approach: direct capitalization
Partial preview
Income approach indication
$625k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$675k
@ 6.5% CAP return
$625k
@ 7% CAP return
$580k
4
Sales comparison
Partial preview
Sales approach indication
$1.72M
Weighted, 9 comps · high confidence
Evidence
9 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
5.7 mi away · 3,628 SF
6.0 mi away · 2,850 SF
6.0 mi away · 2,950 SF
6.6 mi away · 2,765 SF
8.0 mi away · 2,497 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$530k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 3630 sales
$272
-44%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $153/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 9 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.78M
Move the market yield to see immediate price impact.
Value / SF
$513
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$112k
$2.24M
$1.60M
$1.25M
$125k
$2.49M
$1.78M
$1.38M
$137k
$2.74M
$1.96M
$1.52M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
9 found
High confidence · county-verified
Closest comparable
$1.63M
3.6 mi · Apr 2026 · $499/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$21,779
Tax year 2024
Assessed value
$1,779,962
Assessed 2024
Previous assessed
$1,779,962
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$1,206,939
Assessed improvement
$573,023
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1993
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Bathrooms
2
Total area
3,467 SF
Lot
0.06 ac (2,700 SF)
Zoning code
LAC2
APN
4238-005-031
UPID
US10-0512913
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC2 · Venice, CAZoning LAC2 · permitted uses
LAC2 · Venice, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1993
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Bathrooms
2
Lot
0.06 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
LAC2
Jurisdiction
Venice, CA
Recorded code
LAC2
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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