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Property profile & analytics
OFF-MARKET
Retail space
22 Washington Blvd, Marina Del Rey, CA 90292-5124
Entity Owned
14-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6519719
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1936
Construction
WOOD
Total area
1,764 SF
Lot
0.04 ac (1,890 SF)
Zoning code
LAC4
APN
4225-001-007
UPID
US09-6519719
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Venice Ventures LLC · 14 yrs held
Venice Ventures LLC
since 2011
7 recorded transactions
Zoning & alternative use
LAC4 · Marina Del Rey, 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 Marina Del Rey submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Marina Del Rey 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
$15,434
Tax year 2024
Assessed value
$1,262,202
Assessed 2024
Previous assessed
$1,262,202
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$1,077,495
Assessed improvement
$184,707
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1936
Construction
WOOD
Heating
NONE
Stories
1
Total area
1,764 SF
Lot
0.04 ac (1,890 SF)
Zoning code
LAC4
APN
4225-001-007
UPID
US09-6519719
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC4 · Marina Del Rey, CA
Zoning LAC4 · permitted uses
LAC4 · Marina Del Rey, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Marina Del Rey. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1936
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.04 ac
Current owner
From public records · entity-resolved
Venice Ventures LLC
Entity
Mailing address
2712 STRONGS DR, VENICE, CA 90291-6065
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
—
Vanice Ventures LLC
—
Deed
related
$1,800,000 · East West Bank
Nov 9, 2011
$2,000,020
Venice Ventures LLC
Sun Su Hyong Corporation
Grant Deed
$1,200,000 · Hanmi Bank
Sep 3, 2004
—
Sun Su Hyong Corp
Pak,yong N
Quit Claim Deed
related
$840,000 · Chb America Bank
Mar 12, 2002
$850,000
Yong N Pak
Park Trust
Grant Deed
$550,000 · California Chohung Bank
Aug 5, 1997
—
Park,nohil & Jung A Trustee
Park,n I & J A
Quit Claim Deed
related
—
—
—
Sun Su Hyong Corp
—
Deed Of Trust
related
$10,000 · Cash Cal Atm
—
—
Venice Ventures LLC
—
Deed Of Trust
related
$350,000 · Sun Pak
—
—
Sun Su Hyong Corp
—
Deed Of Trust
related
$1,500,000 · Bank Of America
—
—
Yong N Pak
—
Deed Of Trust
related
$150,000 · Nara Bank
—
—
Yong N Pak
—
Deed Of Trust
related
$50,000 · Ki Y Kim
—
—
Yong N Pak
—
Deed Of Trust
related
$150,000 · Ki Y Kim
—
—
Sun Su Hyong Corp
—
Deed Of Trust
related
$1,350,000 · Woori America Bank
—
—
Sun Su Hyong Corp
—
Deed Of Trust
related
$300,000 · Wilshire State Bank
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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