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Property profile & analytics
OFF-MARKET
Estimated value
$1,215,000
Apartment buildings
2201 Manhattan Ave Manhattan Beach, CA 90266-4465
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6984768
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1959
Construction
WOOD
Total area
6,104 SF
Lot
0.12 ac (5,394 SF)
Zoning code
MNRH
APN
4177-028-019
UPID
US09-6984768
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
$1.07M
CAP Approach
CAP
$1.51M
Comparable Approach
Comparable
$1.26M
Blend (final)
Blend
$1.22M
Owner & transaction history
2201 Manhattan Avenue LLC · 2 yrs held
2201 Manhattan Avenue LLC
since 2023
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
MNRH · Manhattan Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.9M
+17.1%
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
$1,165,000
ML approach
$1,070,000
CAP Approach
CAP Return
Estimation
6%
$1,635,000
6.5%
$1,510,000
7%
$1,405,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,610,000
Current use
COMMERCIAL (GENERAL)
$1,885,000
Change: +17% · Conversion: Moderate
Blend value · Realmo final
$1.22M
Range $1.09M – $1.34M · ±10% · vs last sale $1.22M (Aug 17 2023)
Last sale anchor
$1.22M
Aug 17 2023
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
$199 / 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
$27,261
Tax year 2024
Assessed value
$2,261,733
Assessed 2024
Previous assessed
$2,261,733
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$1,626,903
Assessed improvement
$634,830
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1959
Construction
WOOD
Heating
NONE
Units
8
Bathrooms
8
Total area
6,104 SF
Lot
0.12 ac (5,394 SF)
Zoning code
MNRH
APN
4177-028-019
UPID
US09-6984768
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
MNRH · Manhattan Beach, CA
Zoning MNRH · permitted uses
MNRH · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.9M
APARTMENT HOUSE (5+ UNITS) 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
1959
Construction
WOOD
Heating
NONE
Units
8
Bathrooms
8
Lot
0.12 ac
Current owner
From public records · entity-resolved
2201 Manhattan Avenue LLC
Entity
Mailing address
1143 LONGFELLOW DR, MANHATTAN BCH, CA 90266-6815
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 17, 2023
—
2201 Manhattan Avenue LLC
Lawrence M Wolf
Quit Claim Deed
related
—
Aug 2, 2023
—
2201 Manhattan Avenue LLC
Homeira Goldstein
Quit Claim Deed
related
—
Jun 1, 2023
—
Homeira Goldstein
Arnold D Goldstein
Affidavit Death Of Trustee/successor Trustee
related
—
Jun 2, 2010
—
Arnold D Goldstein
Goldstein,arnold D & Homeira
Quit Claim Deed
related
—
Aug 31, 1990
$1,217,000
Goldstein Arnold
West Coast Home
Trustees Deed
$737,400 · Fidelity Federal Bank
Mar 9, 1989
—
Coast Hm Ca West
Graha
Quit Claim Deed
related
—
—
—
Arnold Goldstein
—
Deed Of Trust
related
—
—
—
Graha
—
Deed Of Trust
related
$508,000 · World Savings & Loan
—
—
Coast Hm Ca West
—
Deed Of Trust
related
$300,000 · Ca City Bk
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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