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Property profile & analytics
FOR LEASE
Banks
29000 S Western Ave Rancho Palos Verdes, CA 90275
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6922035
For Lease
1 / 30
$1,560,000
29000 S Western Ave, Rancho Palos Verdes, CA 90275
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Property summary
AI-generated overview
This exceptional office property in Rancho Palos Verdes, CA, offers a diverse range of spaces ideal for executive, medical, or traditional office uses. Located at 29000 S Western Ave, 90275, this two-story building boasts a total of 29,773 square feet situated on a 0.95-acre lot in Los Angeles County. The property features multiple tenancies, allowing for flexibility in space requirements. On-site amenities include subterranean parking, a fitness center, conference rooms, a break room, a lounge area, and an outdoor gazebo. An on-site manager ensures efficient building operations six days a week. Individual lease negotiations are available to accommodate specific business needs. The building offers a compelling incentive: up to three months of free rent for qualified tenants with good credit. This location provides convenient access to local amenities and transportation networks. The property's versatile design and comprehensive amenities make it an attractive option for a variety of businesses seeking a productive and comfortable work environment.
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1966
Construction
TILT-UP CONCRETE
Total area
55,648 SF
Lot
1.9 ac (82,882 SF)
Zoning code
LCC1*
APN
7445-005-010
UPID
US09-6922035
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
$1.10M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.02M
Blend (final)
Blend
$1.56M
Owner & transaction history
Amdan Investments Corp · 8 yrs held
Amdan Investments Corp
since 2017
7 recorded transactions
Zoning & alternative use
LCC1* · Rancho Palos Verdes, 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 Rancho Palos Verdes submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rancho Palos Verdes 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
$1,095,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.56M
Range $1.40M – $1.72M · ±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
$28 / 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
$103,900
Tax year 2024
Assessed value
$7,724,966
Assessed 2024
Previous assessed
$7,724,966
+0.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$5,086,765
Assessed improvement
$2,638,201
Applied tax rate
1.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
For Lease
Year built
1966
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Total area
55,648 SF
Lot
1.9 ac (82,882 SF)
Zoning code
LCC1*
APN
7445-005-010
UPID
US09-6922035
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LCC1* · Rancho Palos Verdes, CA
Zoning LCC1* · permitted uses
LCC1* · Rancho Palos Verdes, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rancho Palos Verdes. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1966
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
1.9 ac
Current owner
From public records · entity-resolved
Amdan Investments Corp
Entity
Mailing address
22939 HAWTHORNE BLVD UNIT #100, TORRANCE, CA 90505-3681
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 10, 2022
—
Amdan Investments Corp
—
Deed
related
$6,456,000 · Pacific Premier Bank
Mar 28, 2018
—
Amdan Investments Corp
—
Deed
related
$815,000 · Bank Of The Sierra
Mar 20, 2018
—
Amdan Investments Corp
—
Deed
related
—
Aug 31, 2017
$6,925,000
Amdan Investments Corp
Amdan Investments LLC
Grant Deed
$5,100,000 · Bank Of The Sierra
Jun 14, 2006
—
William Braun
Gail Braun
Intrafamily Transfer
related
—
Aug 8, 2003
—
Conner,tr
Farmers & Merchants Bk Lng Bch
Grant Deed
related
—
Feb 22, 1988
—
William Bruan
Braun
Quit Claim Deed
related
—
—
—
Amdan Investments LLC
—
Deed Of Trust
related
$4,750,000 · Grandpoint Bank
—
—
William Bruan
—
Deed Of Trust
related
$53,000 · First Pacific Funding
—
—
Amdan Investments LLC
—
Deed Of Trust
related
$5,000,000 · Countrywide Com'l R E Fin
—
—
Amdan Investments Corp
—
Loan Modification
related
—
—
—
Amdan Investments Corp
—
Deed Of Trust
related
$815,000 · Bank Of The Sierra
—
—
William Braun
—
Deed Of Trust
related
$475,000 · Farmers & Merchants Bk Lng Bch
—
—
William Braun
—
Deed Of Trust
related
$525,000 · Tokai Bank California
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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