Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$4,615,000
Auto shops
2499 Lincoln Blvd Venice, CA 90291-6092
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US10-0498223
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1951
Total area
12,870 SF
Lot
0.64 ac (27,845 SF)
Zoning code
LAC2
APN
4237-024-001
UPID
US10-0498223
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
-
Mikes Auto Trade Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.71M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.76M
Blend (final)
Blend
$4.62M
Owner & transaction history
2499 Lincoln LLC · 2 yrs held
2499 Lincoln LLC
since 2023
Last sale
$4.5M
7 recorded transactions
Zoning & alternative use
LAC2 · Venice, 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 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
$4,660,000
ML approach
$4,710,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$5,955,000
Current use
APARTMENT HOUSE (5+ UNITS)
$5,855,000
Change: -2% · Conversion: Difficult
MEDICAL BUILDING
$5,850,000
Change: -2% · Conversion: Difficult
OFFICE BUILDING
$5,775,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$4.62M
Range $4.15M – $5.08M · ±10% · vs last sale $4.54M (Aug 3 2023)
Last sale anchor
$4.54M
Aug 3 2023
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
$359 / 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
$109,139
Tax year 2024
Assessed value
$8,900,000
Assessed 2024
Previous assessed
$8,900,000
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$8,800,000
Assessed improvement
$100,000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1951
Heating
NONE
Buildings
4
Stories
1
Total area
12,870 SF
Lot
0.64 ac (27,845 SF)
Zoning code
LAC2
APN
4237-024-001
UPID
US10-0498223
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
$6.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.9M
MEDICAL BUILDING
Est. value
$5.9M
OFFICE BUILDING
Est. value
$5.8M
AUTO REPAIR, GARAGE Current
APARTMENT HOUSE (5+ UNITS)
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
1951
Heating
NONE
Stories
1
Buildings
4
Lot
0.64 ac
Current owner
From public records · entity-resolved
2499 Lincoln LLC
Entity
Free & Clear · 2 yrs held
Mailing address
4457 MANHATTAN BCH BLVD, LAWNDALE, CA 90260-2037
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 3, 2023
$4,543,000
2499 Lincoln LLC
Lincoln Venice Owner LLC
Grant Deed
—
Feb 28, 2023
—
Lincoln Venice Owner LLC
—
Deed
related
$5,650,000 · Lone Oak Fund LLC
Mar 5, 2018
—
Lincoln Venice Owner LLC
—
Deed
related
$5,500,000 · Scharff Simone H Tr (pt)
Feb 15, 2018
$11,000,000
Lincoln Venice Owner LLC
Ekker,leslie & Carole
Grant Deed
—
May 21, 2015
—
Carole Ekker
Ekker Bypass Trust
Quit Claim Deed
related
—
Sep 23, 2014
—
Steven M Berkson
Ekker,christiane L
Affidavit Of Death
—
Jan 18, 2013
—
Ekker Trust
Ekker Living Trust
Quit Claim Deed
related
—
Jul 5, 1996
—
Pink Dot INC
—
Deed Of Trust
related
$2,500,000 · Westminster Capital INC
—
—
Lincoln Venice Owner LLC
—
Deed Of Trust
related
$5,500,000 · Scharff Simone H Tr (pt)
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2499 Lincoln Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
