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Property profile & analytics
FOR LEASE
Investment properties
179 Culver Blvd, Playa del Rey, CA 90293
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-9516918
For Lease
1 / 22
$6,500/Mo
179 Culver Blvd, Playa del Rey, CA 90293
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1911
Construction
TILT-UP CONCRETE
Total area
3,174 SF
Lot
0.05 ac (1,964 SF)
Zoning code
LAC4
APN
4116-007-053
UPID
US09-9516918
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
$1.99M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.05M
Owner & transaction history
West Adams LLC · 3 yrs held
West Adams LLC
since 2022
Last sale
$2.2M
7 recorded transactions
Zoning & alternative use
LAC4 · Playa 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 Playa del Rey submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Playa 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
$1,895,000
ML approach
$1,985,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,405,000
Current use
Blend value · Realmo final
$2.05M
Range $1.85M – $2.26M · ±10% · vs last sale $2.16M (Dec 16 2022)
Last sale anchor
$2.16M
Dec 16 2022
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
$646 / 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
$338
Tax year 2024
Assessed value
$2,203,200
Assessed 2024
Previous assessed
$2,203,200
+0.0% YoY
Effective rate
0.02%
On assessed value
Assessed land
$1,836,000
Assessed improvement
$367,200
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Lease
Year built
1911
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
3,174 SF
Lot
0.05 ac (1,964 SF)
Zoning code
LAC4
APN
4116-007-053
UPID
US09-9516918
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC4 · Playa Del Rey, CA
Zoning LAC4 · permitted uses
LAC4 · Playa Del Rey, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Playa Del Rey. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$3.4M
COMMERCIAL (GENERAL) Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1911
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.05 ac
Current owner
From public records · entity-resolved
West Adams LLC
Entity
Free & Clear · 3 yrs held
Mailing address
8605 SANTA MONICA BLVD #83208, WEST HOLLYWOOD, CA 90069-4109
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 5, 2024
—
West Adams LLC
—
Deed
related
$775,000 · Lynx Ic LLC
Feb 21, 2024
—
West Adams LLC
—
Deed
related
$500,000 · Midway Escrow INC
Apr 21, 2023
—
West Adams LLC
—
Deed
related
$2,492,000 · Bank Of America NA
Dec 16, 2022
$2,160,000
West Adams LLC
Gaia Spectrum LLC
Grant Deed
—
Jul 15, 2016
$1,675,000
Gaia Spectrum LLC
181 Culver Blvd LLC
Grant Deed
$1,340,000 · Jpmorgan Chase Bank NA
Dec 23, 2015
—
Entrekin,gary W Trust
181 Culver Blvd LLC
Quit Claim Deed
—
Feb 27, 2009
—
181 Culver Blvd LLC
Entrekin Gary W Trust
Grant Deed
—
Mar 20, 2003
—
Entrekin,tr
Entrekin,gary W
Quit Claim Deed
related
—
Jun 22, 1999
$460,000
Gary W Entrekin
Kuptez,arnold L
Grant Deed
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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