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    230 39th St Manhattan Beach, CA 90266-3178
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    Property profile & analytics

    230 39th St, Manhattan Beach, CA 90266-3178

    View on Map
    • Apartment buildings
    • 3,420 SF
    • 0.06 lot acres
    Off-Market
    Property ID
    US09-6288424
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $550,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 230 39th St

    Year built
    1956
    Construction
    WOOD
    Lot size
    0.06 lot acres
    Zone code
    MNCNE
    Property type
    Apartment buildings
    APN
    4137-011-061
    APU
    4137011061

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 26, 2024 — Ann Johnson Thias Michael Gerald Johnson Deed · related —
    May 13, 2022 — Michael Gerald Johnson — Deed · related $1.5M · Banc Of California NA
    Dec 16, 2016 — Michael Gerald Johnson — Deed · related $900k · Malaga Bank Fsb
    Dec 20, 2011 — Johnson Michael & Thais Trust Johnson Michael & T Trust Quit Claim Deed · related $809k · Provident Savings Bank
    Oct 20, 2010 — Johnson Family Living Trust Johnson,michael G & Thais A Quit Claim Deed · related —
    Sep 27, 2010 — Michael G Johnson Johnson,michael G & Thais A Quit Claim Deed · related —
    Sep 13, 2007 — Michael G Johnson Michael G Johnson Intrafamily Transfer · related $750k · Washington Mutual Bank
    Jun 18, 2001 — Michael G Johnson Johnson,p R Trustee Quit Claim Deed · related —
    Jan 11, 1999 — Johnson,patrick R & Johnson D Tr — Deed Of Trust · related —
    Oct 9, 1990 $49,500 Hemet Realty INC Redwine Charles Grant Deed · related —
    Jan 5, 1990 — Redwine Charles Loege Grant Deed · related —
    Dec 30, 1988 $95,000 Dolores Johnson Park Place Prop Trustees Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $360,000

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $900,000
      Current use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Manhattan Beach
    County
    Los Angeles
    State
    California
    Longitude
    -118.419
    Latitude
    33.902
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $19,434
    $1,146,054
    $264,692
    $1,410,746
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $540,000
      3,358 SF

      3600 The Strand

      APARTMENT HOUSE (5+ UNITS)
      3600 The Strand, Manhattan Beach, CA 90266-3248
      View Details
    • Value Estimation
      $1,005,000
      5,027 SF

      2700 Highland Ave

      APARTMENT HOUSE (5+ UNITS)
      2700 Highland Ave, Manhattan Beach, CA 90266-2144
      View Details
    • Value Estimation
      $1,650,000
      14,446 SF

      1000 Highland Ave

      APARTMENT HOUSE (5+ UNITS)
      1000 Highland Ave, Manhattan Beach, CA 90266-5443
      View Details
    • Value Estimation
      $1,535,000
      13,528 SF

      1128 Highview Ave

      APARTMENT HOUSE (5+ UNITS)
      1128 Highview Ave, Manhattan Beach, CA 90266-4875
      View Details
    • Value Estimation
      $1,015,000
      7,106 SF

      320 11th St

      APARTMENT HOUSE (5+ UNITS)
      320 11th St, Manhattan Beach, CA 90266-5445
      View Details
    • Value Estimation
      $655,000
      3,042 SF

      307 40th St

      APARTMENT HOUSE (5+ UNITS)
      307 40th St, Manhattan Beach, CA 90266-3154
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      Manhattan Beach Multi-Unit Investment

      Rare Manhattan Beach triplex steps from The Strand.
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    • $2,750,000
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      Manhattan Beach Triplex For Sale

      Triplex located in Manhattan Beach, California, with 3226 square feet.
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    • $25,000,000
      5,967 SF

      Manhattan Beach Strand Legacy Compound

      Remodeled oceanfront quadplex with Pacific views and prime location.
      1000 The Strand, Manhattan Beach, CA 90266
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    Similar Nearby for Lease

    • Contact for pricing

      Highland Avenue Retail/Office Space

      New development near Manhattan Beach Pier with rooftop terrace.
      1212 Highland Ave, Manhattan Beach, CA 90266
      View Details
    • Contact for pricing
      472 SF

      Manhattan Beach Office Space Available

      Office space for rent in Manhattan Beach, CA.
      1020 Manhattan Beach Blvd, Manhattan Beach, CA 90266
      View Details
    • Contact for pricing
      1,100 SF

      Manhattan Beach Office Space Available

      Second floor office space for rent in Manhattan Beach.
      232 Manhattan Beach Blvd, Manhattan Beach, CA 90266
      View Details
    • Contact for pricing

      Retail Space with High Ceilings

      Retail shell space suitable for various retailers.
      1800-2010 N Sepulveda Blvd, Manhattan Beach, CA 90266
      View Details
    • Contact for pricing
      1,654 SF

      Manhattan Beach Retail Space Available

      Class A shopping center space for lease in Manhattan Beach.
      1830 North Sepulveda Blvd, Manhattan Beach, CA 90266
      View Details
    • Contact for pricing
      45,000 SF

      Manhattan Beach Office Space

      Desirable Rosecrans Corridor location in Manhattan Beach.
      1440 Rosecrans Ave, Manhattan Beach, CA 90266
      View Details
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    Manhattan Beach, CA 90266-3178
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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