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Property profile & analytics
OFF-MARKET
Estimated value
$1,055,000
Apartment buildings
228 22nd St, Hermosa Beach, CA 90254
Entity Owned
15-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8596110
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1912
Construction
WOOD
Total area
5,184 SF
Lot
0.18 ac (7,733 SF)
Zoning code
HBR1*
APN
4182-009-012
UPID
US09-8596110
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
$1.29M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.06M
Owner & transaction history
Jenny Lee Bpa LLC · 15 yrs held
Jenny Lee Bpa LLC
since 2011
7 recorded transactions
Zoning & alternative use
HBR1* · Hermosa 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 Hermosa Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hermosa 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,390,000
6.5%
$1,285,000
7%
$1,190,000
Blend value · Realmo final
$1.06M
Range $950k – $1.16M · ±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
$204 / 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
$18,655
Tax year 2024
Assessed value
$1,467,613
Assessed 2024
Previous assessed
$1,467,613
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$1,164,516
Assessed improvement
$303,097
Applied tax rate
4.0000
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
1912
Construction
WOOD
Heating
NONE
Cooling
YES
Units
12
Bathrooms
10
Total area
5,184 SF
Lot
0.18 ac (7,733 SF)
Zoning code
HBR1*
APN
4182-009-012
UPID
US09-8596110
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
HBR1* · Hermosa Beach, CA
Zoning HBR1* · permitted uses
HBR1* · Hermosa Beach, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hermosa Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1912
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
12
Bathrooms
10
Lot
0.18 ac
Current owner
From public records · entity-resolved
Jenny Lee Bpa LLC
Entity
Mailing address
33 VIA DEL CIELO, RANCHO PALOS VERDES, CA 90275-2511
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 31, 2023
—
Jenny Lee Bpa LLC
—
Deed
related
$2,000,000 · Jpmorgan Chase Bank NA
May 17, 2016
—
Jenny Lee Bpa LLC
—
Deed
related
$1,190,000 · Jpmorgan Chase Bank NA
Jan 19, 2011
—
Jenny Lee Bpa LLC
Lee,shi J & Jenny W
Quit Claim Deed
related
—
Jul 21, 1995
$251,500
Shi J Lee
Cleary,robert & Marjorie
Grant Deed
related
$71,000 · Seller
Mar 31, 1993
$125,000
Cleary,trust
Millea,michael C
Trustees Deed
related
—
Feb 26, 1993
—
22nd Street Partners
Millea,michael C
Quit Claim Deed
related
—
Jan 28, 1993
—
Michael C Millea
Millea,janice M
Quit Claim Deed
related
$150,000 · Individual
Sep 5, 1990
$900,000
Millea Michael C
Clto Exchange Co
Trustees Deed
$700,000 · California Federal 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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