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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Apartment buildings
1922 Pacific Ave Venice, CA 90291-4141
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US10-0489076
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1907
Construction
WOOD
Total area
4,451 SF
Lot
0.06 ac (2,801 SF)
Zoning code
LAR3
APN
4238-022-006
UPID
US10-0489076
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
by Request
Comparable Approach
Comparable
$434k
Blend (final)
Blend
$625k
Owner & transaction history
Michael A Gonong · 1 yrs held
Michael A Gonong
since 2024
7 recorded transactions
Zoning & alternative use
LAR3 · Venice, 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 Venice submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Venice 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$625k
Range $563k – $688k · ±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
$140 / 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
$33,002
Tax year 2024
Assessed value
$2,673,400
Assessed 2024
Previous assessed
$2,673,400
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$2,142,000
Assessed improvement
$531,400
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
1907
Construction
WOOD
Heating
NONE
Cooling
YES
Units
8
Bathrooms
8
Total area
4,451 SF
Lot
0.06 ac (2,801 SF)
Zoning code
LAR3
APN
4238-022-006
UPID
US10-0489076
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAR3 · Venice, CA
Zoning LAR3 · permitted uses
LAR3 · Venice, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Venice. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1907
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
8
Bathrooms
8
Lot
0.06 ac
Current owner
From public records · entity-resolved
Michael A Gonong
Individual
Mailing address
1922 W PACIFIC AVE APT #1, VENICE, CA 90291-4141
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 4, 2024
—
Michael A Gonong
Michael Gonong
Intrafamily Transfer
related
$775,000 · Jpmorgan Chase Bank NA
Nov 17, 2005
—
Pamela A Mchugh
Mchugh,pamela A
Quit Claim Deed
related
—
Nov 9, 2005
—
Pamela A Mchugh
Mchugh,pamela A
Quit Claim Deed
related
$345,000 · Fullerton Community Bank Fsb
Dec 21, 1994
—
Pamela A Mchugh
—
Grant Deed
related
$165,000 · Southern Pacific Thrift & Loan
Jun 16, 1993
—
Pamela A Mchugh
Mchugh,pamela A
Quit Claim Deed
related
$80,000 · Individual
—
—
Pamela A Mchugh
—
Deed Of Trust
related
$293,000 · Budget Finance Co
—
—
Pamela A Mchugh
—
Deed Of Trust
related
$251,000 · Budget National Finance Co
Mar 10, 1969
$9,000
—
—
Grant Deed
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.
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