Entity Owned Property summary
AI-generated overview
2001 Penmar Avenue is a 14-unit multifamily property located on a quiet, tree-lined corner at the intersection of Penmar Avenue and Superba Avenue. The building contains a mix of studio, 1-bedroom, and 2-bedroom units, with many units featuring private patios. Interior features include split A/C systems, updated flooring in common areas/units, remodeled kitchens and bathrooms with custom cabinetry, and in-unit washer/dryers in select units; ten of the fourteen units have been fully renovated. The site also includes three additional dwelling units (ADUs) configured as two attached units and one detached unit, each with modern layouts. The property’s location places it in close proximity to Abbot Kinney Boulevard, Rose Avenue, Venice Beach, and Santa Monica.
Property profile
Verified
Property type
Other apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1962
Construction
WOOD
Total area
7,469 SF
Lot
0.24 ac (10,367 SF)
Zoning code
LARD3
APN
4242-009-011
UPID
US09-8820852
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.65M
CAP Approach
CAP
$1.85M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.73M
Owner & transaction history
since 2022
Last sale
$3.3M
6 recorded transactions
Zoning & alternative use
LARD3 · Venice, CA
Top alternative use upside
Neighborhood: shopping center
$4.5M
+33.7%
Auto repair, garage
$3.5M
+1.6%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 40 comparables with addresses
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$2.73M
Value range
$2.46M – $3.00M
±10% around blend
Estimated value / SF
$366 / SF
Confidence
High
40 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
100
$2.46M
blend $2.73M
$3.00M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
7,469 SF
Lot area
0.24 ac
Year built
1962
APN
4242-009-011
Zoning
LARD3
Assessed value
$3,434,200
Annual tax
$42,938
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.85M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$2.01M
@ 6.5% CAP return
$1.85M
@ 7% CAP return
$1.72M
4
Sales comparison
Partial preview
Sales approach indication
$2.31M
Weighted, 20 comps · high confidence
Evidence
40 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
1.1 mi away · 5,636 SF
1.1 mi away · 5,636 SF
1.1 mi away · 5,636 SF
1.1 mi away · 5,636 SF
1.1 mi away · 5,636 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.73M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 82 sales
$455
-20%
Submarket 118 sales
$419
-13%
County 11934 sales
$264
+39%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $366/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Neighborhood: Shopping Center
Gross theoretical uplift
+34%
vs current-use indication
Auto Repair, Garage
Apartment House (5+ Units) · current use
Medical Building
Office Building
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 40 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
Implied cap rate
4.40%
Implied, in-place cap rate for this other apartment buildings
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 4.40%
9.0%
NOI (est.)
$231k *
Last sale · Jan 2022
$3.30M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$5.25M
Move the market yield to see immediate price impact.
Value / SF
$703
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
3.90%4.40%4.90%
$208k
$5.33M
$4.73M
$4.24M
$231k
$5.92M
$5.25M
$4.71M
$254k
$6.52M
$5.78M
$5.19M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
40 found
High confidence · county-verified
Closest comparable
$2.05M
1.0 mi · Mar 2026 · $340/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$42,938
Tax year 2024
Assessed value
$3,434,200
Assessed 2024
Previous assessed
$3,434,200
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$2,184,840
Assessed improvement
$1,249,360
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1962
Construction
WOOD
Heating
NONE
Units
11
Bathrooms
11
Total area
7,469 SF
Lot
0.24 ac (10,367 SF)
Zoning code
LARD3
APN
4242-009-011
UPID
US09-8820852
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LARD3 · Venice, CAZoning LARD3 · permitted uses
LARD3 · Venice, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1962
Construction
WOOD
Heating
NONE
Units
11
Bathrooms
11
Lot
0.24 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
LARD3
Jurisdiction
Venice, CA
Recorded code
LARD3
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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