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Property profile & analytics
OFF-MARKET
Estimated value
$1,100,000
Car washes
2454 Lincoln Blvd Venice, CA 90291-5041
Individually Owned
22-yr Hold
~
Est. High Equity
Property ID
US09-6518889
Property profile
Verified
Property type
Car washes
Use group
CAR WASH
Year built
1999
Total area
2,170 SF
Lot
0.32 ac (14,002 SF)
Zoning code
LAC2
APN
4236-002-007
UPID
US09-6518889
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
by Request
Comparable Approach
Comparable
$985k
Blend (final)
Blend
$1.10M
Owner & transaction history
Millennium Car Wash Lincoln · 22 yrs held
Millennium Car Wash Lincoln
since 2003
7 recorded transactions
Zoning & alternative use
LAC2 · Venice, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.3M
+31.6%
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 Venice submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Venice 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,005,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,320,000
Change: +32% · Conversion: Difficult
MEDICAL BUILDING
$985,000
Change: -2% · Conversion: Difficult
OFFICE BUILDING
$975,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$1.10M
Range $990k – $1.21M · ±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
$507 / 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
$43,525
Tax year 2024
Assessed value
$3,522,812
Assessed 2024
Previous assessed
$3,522,812
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$2,787,831
Assessed improvement
$734,981
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
Car washes
Use group
CAR WASH
Status
Off-Market
Year built
1999
Heating
NONE
Stories
1
Total area
2,170 SF
Lot
0.32 ac (14,002 SF)
Zoning code
LAC2
APN
4236-002-007
UPID
US09-6518889
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC2 · Venice, CA
Zoning LAC2 · permitted uses
LAC2 · Venice, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Venice. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$1.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$985,000
OFFICE BUILDING
Est. value
$975,000
AUTO REPAIR, GARAGE Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE BUILDING
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
1999
Heating
NONE
Stories
1
Lot
0.32 ac
Current owner
From public records · entity-resolved
Millennium Car Wash Lincoln
Individual
Mailing address
2454 LINCOLN BLVD, VENICE, CA 90291-5041
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 15, 2019
—
Lincoln Millennium Car Wash INC
—
Deed
related
$3,165,000 · First Citizens Bank & Trust Co
Oct 13, 2017
—
Lincoln Millennium Car Wash In
—
Deed
related
$800,000 · Esteban H & Marcial H Carmona
Aug 22, 2003
$2,500,000
Millennium Car Wash Lincoln
Ultima Tech INC
Grant Deed
$2,270,000 · Wilshire State Bank
Jun 3, 2003
—
Ultima Tech INC
Girgis,refaat R & Ada G
Grant Deed
related
—
Feb 3, 2000
$900,000
Ultima Tech INC
Dw Investments Ltd
Grant Deed
$930,000 · Stonefield INC
Jun 15, 1988
$237,500
Dw Invs
Rutter&wilbanks
Grant Deed
—
—
—
Millennium Car Wash In Lincoln
—
Deed Of Trust
related
$3,465,000 · Open Bank
—
—
Rafaat R Girgis
—
Deed Of Trust
related
$150,000 · Redlands Centennial Bank
—
—
Rafaat R Girgis
—
Deed Of Trust
related
$1,000,000 · Zions First National Bank
—
—
Lincoln Millennium Car Wash In
—
Deed Of Trust
related
$800,000 · Esteban H & Marcial H Carmona
—
—
Refaat R Girgis
—
Deed Of Trust
related
$250,000 · Redlands Centennial Bank
—
—
Millennium Car Wash In Lincoln
—
Deed Of Trust
related
$3,700,000 · Wilshire State 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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