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Property profile & analytics
OFF-MARKET
Parking lots & garages
2118 Highland Ave Manhattan Beach, CA 90266-4462
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9095318
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1957
Construction
WOOD
Total area
2,700 SF
Lot
0.06 ac (2,696 SF)
Zoning code
MNCL
APN
4178-015-010
UPID
US09-9095318
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
-
Door To Door Valet Cleaners & Tailors Clothing Alteration Service Leather Cleaning Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
2118 Highland LLC · 6 yrs held
2118 Highland LLC
since 2019
7 recorded transactions
Zoning & alternative use
MNCL · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$13,502
Tax year 2024
Assessed value
$1,154,223
Assessed 2024
Previous assessed
$1,154,223
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$1,148,863
Assessed improvement
$5,360
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1957
Construction
WOOD
Heating
NONE
Total area
2,700 SF
Lot
0.06 ac (2,696 SF)
Zoning code
MNCL
APN
4178-015-010
UPID
US09-9095318
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
MNCL · Manhattan Beach, CA
Zoning MNCL · permitted uses
MNCL · 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.
Building & site characteristics
From public records
Year built
1957
Construction
WOOD
Heating
NONE
Lot
0.06 ac
Current owner
From public records · entity-resolved
2118 Highland LLC
Entity
Mailing address
13236 HAWTHORNE BLVD, HAWTHORNE, CA 90250-5804
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
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
Nov 4, 2019
—
2118 Highland LLC
—
Grant Deed
related
$1,755,000 · Wells Fargo Bk
Oct 10, 2019
$3,500,000
2118 Highland LLC
John R Warren
Grant Deed
$1,755,000 · Wells Fargo Bank NA
May 25, 2018
—
Warren,john & Laura Trust
—
Grant Deed
related
$1,500,000 · Tellone Mtg Fund
Apr 30, 2004
—
Warren,tr
Warren,john
Quit Claim Deed
related
$3,200,000 · Tellone Mortgage Fund LP
Jul 5, 1994
—
John Warren
Warren,l
Quit Claim Deed
related
—
—
—
2118 Highland LLC
—
Deed Of Trust
related
$1,755,000 · Wells Fargo Bk
—
—
John R Warren
—
Deed Of Trust
related
$44,000 · Balfour David T
—
—
John Warren
—
Deed Of Trust
related
$210,000 · High Yield Investments Ltd
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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