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    1810 12th St Manhattan Beach, CA 90266-6235
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    Property profile & analytics

    1810 12th St, Manhattan Beach, CA 90266-6235

    View on Map
    • Apartment buildings
    • 6,384 SF
    • 0.19 lot acres
    Off-Market
    Property ID
    US09-6362078
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,250,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Melissa Misner | Realtor | South Bay / Real Estate Agency

    Property Details for 1810 12th St

    Year built
    1957
    Construction
    WOOD
    Lot size
    0.19 lot acres
    Zone code
    MNRH
    Property type
    Apartment buildings
    APN
    4165-024-024
    APU
    4165024024

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 4, 2018 $5,750,000 Mb12 Properties LLC 12th Street Mb LLC Grant Deed —
    Mar 24, 2017 — Mathews 2500 Rb LLC — Deed · related $3.3M · Arbor Agcy Lndg LLC
    Apr 29, 2016 $3,750,000 12th Street Mc LLC Catalina Companys LLC Grant Deed $3M · Preferred Bank
    Apr 18, 2012 $2,515,000 Catalina Companys LLC Peter M Frederiksen Grant Deed $1.9M · Jpmorgan Chase Bank NA
    Mar 11, 1999 $995,000 Fredriksen Trust Bowers Trust Grant Deed $746k · Washington Mutual Fsb
    May 6, 1998 $25,000 David L Harned Heimerman Trust Grant Deed —
    Aug 12, 1992 — Heimerman Norma R Tr Et Al — Deed Of Trust · related —
    Jun 25, 1992 — Bowers Harold C — Deed Of Trust · related —
    Mar 13, 1990 — Bowers Harold C Beck Daniel D Grant Deed · related —
    — — Harne — Deed Of Trust · related $5k · Scheiwe Tina
    — — Catalina Cos LLC — Deed Of Trust · related $1.9M · Greystone Svcg
    — — Mathews 2500 Rb LLC — Deed Of Trust · related $3.3M · Arbor Agcy Lndg LLC
    — — Sheldon Trust — Deed Of Trust · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,710,000
      6.5%
      $1,580,000
      7%
      $1,465,000

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $1,685,000
      Current use
      COMMERCIAL (GENERAL)
      $1,975,000
      Change: +17% Conversion: Moderate

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Manhattan Beach
    County
    Los Angeles
    State
    California
    Longitude
    -118.38
    Latitude
    33.8879
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $73,976
    $2,297,967
    $4,117,163
    $6,415,130
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      $540,000
      3,358 SF

      3600 The Strand

      APARTMENT HOUSE (5+ UNITS)
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      View Details
    • Value Estimation
      $1,005,000
      5,027 SF

      2700 Highland Ave

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    • Value Estimation
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      14,446 SF

      1000 Highland Ave

      APARTMENT HOUSE (5+ UNITS)
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    • Value Estimation
      $1,535,000
      13,528 SF

      1128 Highview Ave

      APARTMENT HOUSE (5+ UNITS)
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      View Details
    • Value Estimation
      $1,015,000
      7,106 SF

      320 11th St

      APARTMENT HOUSE (5+ UNITS)
      320 11th St, Manhattan Beach, CA 90266-5445
      View Details
    • Value Estimation
      $655,000
      3,042 SF

      307 40th St

      APARTMENT HOUSE (5+ UNITS)
      307 40th St, Manhattan Beach, CA 90266-3154
      View Details

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    Similar Nearby for Lease

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      Highland Avenue Retail/Office Space

      New development near Manhattan Beach Pier with rooftop terrace.
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      472 SF

      Manhattan Beach Office Space Available

      Office space for rent in Manhattan Beach, CA.
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    • Contact for pricing
      1,100 SF

      Manhattan Beach Office Space Available

      Second floor office space for rent in Manhattan Beach.
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      Retail Space with High Ceilings

      Retail shell space suitable for various retailers.
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    • Contact for pricing
      415 SF

      Professional Office Space Near Beach

      Clean office space in Manhattan Beach, convenient location near LAX.
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      View Details
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    Manhattan Beach, CA 90266-6235
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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