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Property profile & analytics
OFF-MARKET
Estimated value
$3,365,000
Manufacturing properties
2651 Fairfax Ave Culver City, CA 90232-7332
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-7869760
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1955
Construction
TILT-UP CONCRETE
Total area
4,960 SF
Lot
0.18 ac (7,729 SF)
Zoning code
CCM1
APN
4205-002-007
UPID
US09-7869760
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
by Request
Blend (final)
Blend
$3.37M
Owner & transaction history
Civicap 2651 Fairfax LLC
Civicap 2651 Fairfax LLC
since 2025
Last sale
$3.0M
7 recorded transactions
Zoning & alternative use
CCM1 · Culver City, 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 Culver City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Culver City 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
INDUSTRIAL (GENERAL)
$3,185,000
Current use
AUTO REPAIR, GARAGE
$2,695,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$3.37M
Range $3.03M – $3.70M · ±10% · vs last sale $3.00M (Jun 17 2025)
Last sale anchor
$3.00M
Jun 17 2025
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
$678 / 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
$55,681
Tax year 2024
Assessed value
$4,722,375
Assessed 2024
Previous assessed
$4,722,375
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$4,244,832
Assessed improvement
$477,543
Applied tax rate
3.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1955
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Bathrooms
2
Total area
4,960 SF
Lot
0.18 ac (7,729 SF)
Zoning code
CCM1
APN
4205-002-007
UPID
US09-7869760
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
CCM1 · Culver City, CA
Zoning CCM1 · permitted uses
CCM1 · Culver City, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Culver City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$3.2M
AUTO REPAIR, GARAGE
Est. value
$2.7M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
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
1955
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Bathrooms
2
Lot
0.18 ac
Current owner
From public records · entity-resolved
Civicap 2651 Fairfax LLC
Entity
Mailing address
2341 MICHIGAN AVE, SANTA MONICA, CA 90404-3907
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 17, 2025
$2,999,000
Civicap 2651 Fairfax LLC
2635 Fairfax Owner LLC
Grant Deed
$25,000,000 · Northeast Bank
Jul 10, 2023
—
2635 Fairfax Owner LLC
—
Deed
related
$26,200,000 · Bloomfield Capital California Lender LLC
Jun 9, 2021
—
2635 Fairfax Owner LLC
—
Deed
related
$3,930,000 · First Republic Bank
Feb 24, 2021
$5,750,000
2635 Fairfax Owner LLC
Charlene F Vener
Grant Deed
—
Jan 11, 2018
—
Vener,charlene F Trust
Vener Family Trust
Quit Claim Deed
related
—
Apr 27, 2012
—
Vener Charlene F Trust
Vener,charlene F
Quit Claim Deed
related
—
Jan 20, 2012
—
Vener Family Trust
Vener Family Trust
Quit Claim Deed
related
—
May 10, 2010
—
Vener Charlene F Trust
Vener,charlene F
Quit Claim Deed
related
—
Jun 1, 1995
—
Vener,shirley Trustee
Vener,s Trustee
Quit Claim Deed
related
—
Dec 14, 1994
—
Philip Vener
Vener,s
Quit Claim Deed
related
—
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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