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Property profile & analytics
OFF-MARKET
Estimated value
$2,550,000
Grocery and convenience stores
1821 Manhattan Bch Blvd Manhattan Beach, CA 90266-6221
Entity Owned
15-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0384336
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1957
Construction
WOOD
Total area
10,160 SF
Lot
0.57 ac (24,876 SF)
Zoning code
MNCG
APN
4165-024-034
UPID
US10-0384336
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
Current use
Occupant on record · Public records
-
Trader Joe's Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.46M
Comparable Approach
Comparable
$1.57M
Blend (final)
Blend
$2.55M
Owner & transaction history
Rem Heights LLC · 15 yrs held
Rem Heights LLC
since 2011
7 recorded transactions
Zoning & alternative use
MNCG · Manhattan Beach, 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 Manhattan Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Manhattan Beach 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%
$3,745,000
6.5%
$3,460,000
7%
$3,210,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,895,000
Current use
COMMERCIAL (GENERAL)
$3,140,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$2.55M
Range $2.30M – $2.81M · ±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
$251 / 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
$51,212
Tax year 2024
Assessed value
$4,217,633
Assessed 2024
Previous assessed
$4,217,633
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$2,955,424
Assessed improvement
$1,262,209
Applied tax rate
6.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1957
Construction
WOOD
Heating
NONE
Stories
1
Total area
10,160 SF
Lot
0.57 ac (24,876 SF)
Zoning code
MNCG
APN
4165-024-034
UPID
US10-0384336
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
MNCG · Manhattan Beach, CA
Zoning MNCG · permitted uses
MNCG · Manhattan Beach, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Manhattan Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$3.9M
COMMERCIAL (GENERAL)
Est. value
$3.1M
RETAIL STORES Current
COMMERCIAL (GENERAL)
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
1957
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.57 ac
Current owner
From public records · entity-resolved
Rem Heights LLC
Entity
Mailing address
211 LONGLEY WAY, ARCADIA, CA 91007-8528
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 16, 2020
—
Rem Heights LLC
—
Deed
related
$1,700,000 · Wells Fargo Bk
Dec 5, 2017
—
Rem Heights LLC
—
Deed
related
$1,500,000 · Wells Fargo Bank NA
Jul 1, 2011
$3,425,000
Rem Heights LLC
Clrincione,linda S
Grant Deed
$1,750,000 · American Continental Bank
Sep 12, 2008
—
Sobel Ronald J 2008 Trust
Sobel,ronald
Quit Claim Deed
related
—
May 30, 2003
—
Realty Holdings LP Sobel
Sobel,irv
Quit Claim Deed
related
—
Apr 11, 2003
—
Marvin Sobel
Sobel,tr
Quit Claim Deed
related
—
Dec 19, 1994
—
Cirincione Dominic L Co Tr Et Al
—
Deed Of Trust
related
—
Dec 12, 1994
—
Ronald Sobel
Sobel,i & M Trustees
Quit Claim Deed
related
—
Jun 18, 1992
—
Sobel Irving
—
Deed Of Trust
related
—
Dec 26, 1991
—
Sobel Irving
—
Deed Of Trust
related
—
—
—
Sobel Trust
—
Deed Of Trust
related
$700,000 · Imperial Bank
—
—
Rem Heights LLC
—
Loan Modification
related
$1,700,000 · Wells Fargo Bk
—
—
Rem Heights LLC
—
Deed Of Trust
related
—
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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