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Property profile & analytics
OFF-MARKET
Estimated value
$1,050,000
Investment properties
232 Manhattan Bch Blvd Manhattan Beach, CA 90266-5351
Individually Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6286992
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1986
Construction
WOOD
Total area
3,305 SF
Lot
0.06 ac (2,680 SF)
Zoning code
MNCD
APN
4179-020-010
UPID
US09-6286992
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
-
Wright's Clothing Store Stores And Shopping
-
Harry's Cleaners & Shoe Repair (Bike/Boat/Book/etc) Store
-
Emerging Brands Studio Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.03M
Comparable Approach
Comparable
$894k
Blend (final)
Blend
$1.05M
Owner & transaction history
232 Manhattan Beach Blvd Partn · 11 yrs held
232 Manhattan Beach Blvd Partn
since 2014
7 recorded transactions
Zoning & alternative use
MNCD · Manhattan Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.5M
+49.7%
Medical building
$1.5M
+47.1%
Retail stores
$1.3M
+24.0%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,115,000
6.5%
$1,030,000
7%
$955,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,020,000
Current use
AUTO REPAIR, GARAGE
$1,530,000
Change: +50% · Conversion: Difficult
MEDICAL BUILDING
$1,500,000
Change: +47% · Conversion: Easy
RETAIL STORES
$1,265,000
Change: +24% · Conversion: Easy
WAREHOUSE, STORAGE
$970,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$1.05M
Range $945k – $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
$318 / 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
$70,735
Tax year 2024
Assessed value
$5,979,787
Assessed 2024
Previous assessed
$5,979,787
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$1,178,281
Assessed improvement
$4,801,506
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1986
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
1
Total area
3,305 SF
Lot
0.06 ac (2,680 SF)
Zoning code
MNCD
APN
4179-020-010
UPID
US09-6286992
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
MNCD · Manhattan Beach, CA
Zoning MNCD · permitted uses
MNCD · 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
COMMERCIAL (GENERAL) Current
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.5M
RETAIL STORES
Est. value
$1.3M
WAREHOUSE, STORAGE
Est. value
$970,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
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
1986
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
232 Manhattan Beach Blvd Partn
Individual
Mailing address
2301 ROSECRANS AVE STE #4130, EL SEGUNDO, CA 90245-4966
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 19, 2021
—
232 Manhattan Beach Blvd Partnrs Ll
—
Deed
related
$25,000,000 · Bank Of America NA
Jul 1, 2016
—
213 Manhattan Beach Blvd Ptrs
—
Deed
related
$20,500,000 · Miscellaneous Ins Co
Oct 14, 2015
—
232 Manhattan Beach Blvd Partn
—
Trustees Deed
related
$1,500,000 · Gap Managers INC
Jul 31, 2014
—
232 Manhattan Beach Blvd Partn
Golden Harold P & Jean M
Grant Deed
$1,500,000 · Tomatobank NA
—
—
232 Manhattan Beach Blvd Partn
—
Deed Of Trust
related
$630,000 · Mary J Kerr
—
—
232 Manhattan Beach Blvd Partn
—
Deed Of Trust
related
$630,000
—
—
213 Manhattan Beach Blvd Ptrs
—
Deed Of Trust
related
$20,500,000 · Miscellaneous Ins Co
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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