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    2409 Sepulveda Blvd Manhattan Beach, CA 90266-2947
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    Property profile & analytics

    2409 Sepulveda Blvd, Manhattan Beach, CA 90266-2947

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    • Office buildings
    • 11,077 SF
    • 0.10 lot acres
    Off-Market
    Last Sale Jan 3, 2020
    Property ID
    US09-6984579
    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
    $2,915,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • All of Us Enterprises / Property Management Company / Apartment Rental Agency
    • Breakwater Church / Church
    • ChristiansOnDemand.com / Church
    • Bl2Bl iPhone repair / Electronics & Wireless Store / Computer & Electronic Repair
    • Northstar Therapy Consulting / Physician

    Property Details for 2409 Sepulveda Blvd

    Year built
    1963
    Construction
    TILT-UP CONCRETE
    Lot size
    0.10 lot acres
    Zone code
    MNCG
    Property type
    Office buildings
    APN
    4171-013-037
    APU
    4171013037

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 3, 2020 — Leung,annie C Trust B Edward T Leung Quit Claim Deed · related —
    Jan 25, 2019 — Leung,edward T Survivors Trust Leung E T & A C Trust Quit Claim Deed —
    Dec 1, 1994 $2,050,000 Chemical Bank Gold,richard B Trustees Deed · related —
    — — Edward Leung — Deed Of Trust · related $800k · First Central Bank
    — — Richard B Gold — Deed Of Trust · related $475k · Individual

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,305,000
      6.5%
      $3,975,000
      7%
      $3,690,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,778,000
      Market price range: $664k - $11.5M

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

    Location Insight

    • Map
    • Local Demand
    City
    Manhattan Beach
    County
    Los Angeles
    State
    California
    Longitude
    -118.396
    Latitude
    33.8943
    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
    $7,932
    $143,055
    $429,200
    $572,255
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,350,000
      8,626 SF

      321 12th St

      OFFICE BUILDING
      321 12th St, Manhattan Beach, CA 90266-5306
      View Details
    • Value Estimation
      $1,170,000
      3,950 SF

      800 Manhattan Bch Blvd

      OFFICE BUILDING
      800 Manhattan Bch Blvd, Manhattan Beach, CA 90266-4951
      View Details
    • Value Estimation
      $1,085,000
      3,256 SF

      920 Manhattan Bch Blvd

      OFFICE BUILDING
      920 Manhattan Bch Blvd, Manhattan Beach, CA 90266-5101
      View Details
    • Value Estimation
      $8,540,000
      32,287 SF

      1700 Rosecrans Ave

      OFFICE BUILDING
      1700 Rosecrans Ave, Manhattan Beach, CA 90266-3705
      View Details
    • Value Estimation
      $1,325,000
      2,736 SF

      317 Rosecrans Ave

      OFFICE BUILDING
      317 Rosecrans Ave, Manhattan Beach, CA 90266-3241
      View Details
    • Value Estimation
      $22,100,000
      52,604 SF

      300 Sepulveda Blvd

      OFFICE BUILDING
      300 Sepulveda Blvd, Manhattan Beach, CA 90266
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9,480 SF

      Manhattan Beach Office Building

      Split-level office building in downtown Manhattan Beach with ocean views.
      1104 Highland Ave, Manhattan Beach, CA 90266
      View Details
    • $3,850,000
      0.20 Acres

      Manhattan Beach Corner Development Site

      Triple corner development site in the heart of Manhattan Beach.
      947 Manhattan Bch Blvd Blvd, Manhattan Beach, CA 90266
      View Details
    • $3,850,000
      8,753.00 Acres

      Manhattan Beach Development Opportunity

      Triple corner lot with redevelopment potential in Manhattan Beach.
      947 Manhattan Beach Blvd, Manhattan Beach, CA 90266
      View Details
    • $850,000
      Pending

      Manhattan Beach Commercial Corner Unit

      New construction office space with storage in Manhattan Beach.
      1701 Artesia Blvd, Manhattan Beach, CA 90266
      View Details

    Similar Nearby for Lease

    • 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
    • $1,100 /Mo
      1,580 SF

      Manhattan Beach Second Floor Office

      Two-room office space in Manhattan Beach, move-in ready.
      1716 Manhattan Beach Blvd, Manhattan Beach, CA 90266
      View Details
    • Contact for pricing

      Office Space for Lease

      Office space available for lease in Manhattan Beach, CA.
      1201 Morningside Dr, Manhattan Beach, CA 90266
      View Details
    • Contact for pricing

      Professional Office Space Near LAX

      Clean office space, convenient location, near LAX and beach.
      19-2100 N Sepulveda Blvd, Manhattan Beach, CA 90266
      View Details
    • Contact for pricing
      414 SF

      Professional Office Space Near Beach

      Clean office space, convenient location, near LAX and beach.
      2100 N Sepulveda Blvd, Manhattan Beach, CA 90266
      View Details
    • Contact for pricing
      423 SF

      Professional Office Space Near Beach

      Clean office space, ideal for various businesses, near LAX.
      2100 N Sepulveda Blvd, Manhattan Beach, CA 90266
      View Details
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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.

    More about this property
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