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Property profile & analytics
OFF-MARKET
Estimated value
$3,610,000
Apartment buildings
17 Northstar St, Marina Del Rey, CA 90292-6782
Entity Owned
20-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0498396
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1971
Construction
WOOD
Total area
17,013 SF
Lot
0.22 ac (9,381 SF)
Zoning code
LAR3
APN
4294-003-005
UPID
US10-0498396
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
$4.21M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.61M
Owner & transaction history
X 12 Properties LLC · 20 yrs held
X 12 Properties LLC
since 2006
7 recorded transactions
Zoning & alternative use
LAR3 · Marina Del Rey, 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 Marina Del Rey submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Marina Del Rey 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
by Request
CAP Approach
CAP Return
Estimation
6%
$4,565,000
6.5%
$4,210,000
7%
$3,910,000
Blend value · Realmo final
$3.61M
Range $3.25M – $3.97M · ±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
$212 / 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
$86,115
Tax year 2024
Assessed value
$7,008,099
Assessed 2024
Previous assessed
$7,008,099
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$4,019,366
Assessed improvement
$2,988,733
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
1971
Construction
WOOD
Heating
NONE
Buildings
2
Units
15
Bathrooms
2
Total area
17,013 SF
Lot
0.22 ac (9,381 SF)
Zoning code
LAR3
APN
4294-003-005
UPID
US10-0498396
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAR3 · Marina Del Rey, CA
Zoning LAR3 · permitted uses
LAR3 · Marina Del Rey, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Marina Del Rey. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1971
Construction
WOOD
Heating
NONE
Buildings
2
Units
15
Bathrooms
2
Lot
0.22 ac
Current owner
From public records · entity-resolved
X 12 Properties LLC
Entity
Mailing address
11022 SANTA MONICA BLVD STE #400, LOS ANGELES, CA 90025-7532
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2023
—
X12 Properties LLC
—
Deed
related
$3,000,000 · Adnan Rawjee
Oct 1, 2021
—
X12 Properties LLC
—
Deed
related
$6,755,000 · Pacific Western Mortgage
Dec 28, 2018
—
X12 Properties LLC
—
Deed
related
$5,400,000 · Homestreet Bank
Jan 13, 2006
$5,200,000
X 12 Properties LLC
Ashkenas Irving & S Trust
Grant Deed
$3,450,000 · Commercial Capital Bank Fsb
May 9, 1972
—
—
—
Grant Deed
related
—
—
—
X12 Properties LLC|xenon Investment Corp
—
Deed Of Trust
related
$1,675,000 · Becker Family Trust (pt)
—
—
X 12 Properties LLC
—
Deed Of Trust
related
$800,000 · Mara Ents
—
—
X12 Properties LLC|xenon Investment Corp
—
Deed Of Trust
related
$1,675,000 · Becker Family Trust (pt)
—
—
X12 Properties LLC
—
Deed Of Trust
related
$3,157,000 · Pnc Arcs LLC
—
—
X12 Properties LLC
—
Deed Of Trust
related
$3,940,000 · Opus Bank
—
—
Xenon Investment Corp
—
Deed Of Trust
related
$500,000 · Hamid Soroudi
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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