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Property profile & analytics
OFF-MARKET
Estimated value
$785,000
Office buildings
2629 Manhattan Ave Hermosa Beach, CA 90254-2411
Trust Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8486531
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1973
Construction
WOOD
Total area
1,536 SF
Lot
0.07 ac (3,093 SF)
Zoning code
HBC1*
APN
4181-025-020
UPID
US09-8486531
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
-
App Ology Association Or Organization
-
Sparrow General Insurance Agency Insurance Agency
-
30 Second Training Training Center
-
Masternode Consulting Consultant
-
TLV Property Solutions Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$550k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$785k
Owner & transaction history
Nafissi,mansour & F 2005 Trust · 12 yrs held
Nafissi,mansour & F 2005 Trust
since 2013
6 recorded transactions
Zoning & alternative use
HBC1* · Hermosa Beach, 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 Hermosa Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hermosa 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%
$595,000
6.5%
$550,000
7%
$510,000
Blend value · Realmo final
$785k
Range $707k – $864k · ±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
$511 / 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
$18,265
Tax year 2024
Assessed value
$1,674,082
Assessed 2024
Previous assessed
$1,674,082
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$1,480,923
Assessed improvement
$193,159
Applied tax rate
4.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1973
Construction
WOOD
Heating
NONE
Stories
1
Total area
1,536 SF
Lot
0.07 ac (3,093 SF)
Zoning code
HBC1*
APN
4181-025-020
UPID
US09-8486531
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
HBC1* · Hermosa Beach, CA
Zoning HBC1* · permitted uses
HBC1* · Hermosa Beach, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hermosa Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1973
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.07 ac
Current owner
From public records · entity-resolved
Nafissi,mansour & F 2005 Trust
Trust
Mailing address
26767 SHADOW WOOD DR, RANCHO PALOS VERDES, CA 90275-2350
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 14, 2013
—
Nafissi,mansour & F 2005 Trust
Nafissi,mansour & Faty
Quit Claim Deed
related
—
Apr 22, 2008
$1,300,000
Mansour Nafissi
Jalali Mostafa Trust
Grant Deed
$1,430,000 · Alliance Bank
Dec 5, 2005
—
Jalali Mostafa Trust
Jalali,mostafa
Quit Claim Deed
related
—
Feb 1, 2002
$600,000
Mostafa Jajali
Riddle Trust
Grant Deed
$540,000 · Riddle Trust
—
—
Naffisi,mansour & F 2005 Trust
—
Deed Of Trust
related
$750,000 · Farmers & Merchants Bk/lng Bch
—
—
2005 M & Fatty N Trust
—
Deed Of Trust
related
$130,000 · Farmers & Merchants Bk/lng Bch
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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