Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2929 Washington Blvd Marina Del Rey, CA 90292-5546
    Back to Search
    Property profile & analytics

    2929 Washington Blvd, Marina Del Rey, CA 90292-5546

    View on Map
    • Investment properties
    • 13,247 SF
    • 0.48 lot acres
    Off-Market
    Property ID
    US09-8800754
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $4,125,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 2929 Washington Blvd

    Year built
    1979
    Lot size
    0.48 lot acres
    Zone code
    LAC2
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    4229-017-047
    APU
    4229017047

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 22, 2011 — Chabad Of Marina Del Rey Chabad Of Ca INC Quit Claim Deed —
    Jan 10, 1997 — Chabad Of The Marina INC Turner,allan Grant Deed $800k · Wells Fargo Bank
    Dec 9, 1996 — Turner,allan A Trustee Turner,a A Quit Claim Deed · related —
    Sep 18, 1996 — Allan Turner Turner,d Quit Claim Deed · related —
    — — Chabad Of Marina Del Rey — Deed Of Trust · related —
    — — Chabad Of California — Deed Of Trust · related —
    — — Allan Turner — Deed Of Trust · related $440k · Silverman Realty Corp
    — — Chabad Of Marina Del Rey — Deed Of Trust · related $2M · Clearinghouse Cdfi
    — — Chabad Of Marina Del Rey — Deed Of Trust · related $2.2M · Bank Of East Asia

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,470,000
      6.5%
      $4,125,000
      7%
      $3,830,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Marina Del Rey
    County
    Los Angeles
    State
    California
    Longitude
    -118.451
    Latitude
    33.9886
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $1,385
    $3,391,351
    $915,636
    $4,306,987
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,585,000
      8,951 SF

      3007 Washington Blvd

      STORE/OFFICE (MIXED USE)
      3007 Washington Blvd, Marina Del Rey, CA 90292-5561
      View Details
    • Value Estimation
      $965,000
      4,278 SF

      100 Washington Blvd

      STORE/OFFICE (MIXED USE)
      100 Washington Blvd, Marina Del Rey, CA 90292-5126
      View Details
    • Value Estimation
      $6,290,000
      29,435 SF

      13400 Washington Blvd

      STORE/OFFICE (MIXED USE)
      13400 Washington Blvd, Marina Del Rey, CA 90292-5656
      View Details
    • Value Estimation
      $870,000
      3,090 SF

      12 Washington Blvd

      STORE/OFFICE (MIXED USE)
      12 Washington Blvd, Marina Del Rey, CA 90292-5124
      View Details
    • Value Estimation by Request
      2,134 SF

      13380 Bch Ave

      STORE/OFFICE (MIXED USE)
      13380 Bch Ave, Marina Del Rey, CA 90292-5622
      View Details
    • Value Estimation by Request
      1,672 SF

      26 Washington Blvd

      STORE/OFFICE (MIXED USE)
      26 Washington Blvd, Marina Del Rey, CA 90292-5124
      View Details

    Similar Nearby for Sale

    • $2,100,000

      Marina Del Rey Office Buildings

      Two office buildings in Marina Del Rey for sale.
      Marina Del, Marina del Rey, CA 90292
      View Details
    • $8,888,888
      4,521 SF

      Oceanfront Duplex in Marina Del Rey

      Rare oceanfront duplex with direct beach access and breathtaking views.
      3806 Ocean Front Walk, Marina del Rey, CA 90292
      View Details
    • $1,149,000
      1,691 SF

      Marina Del Rey Triplex Investment

      Fully leased triplex in prime location with income and upside.
      13361 Beach Ave, Marina del Rey, CA 90292
      View Details
    • Contact for pricing
      7,149 SF

      New Construction Luxury Fourplex

      New construction fourplex in Marina del Rey with premium finishes.
      13461 Beach Ave, Marina del Rey, CA 90292
      View Details
    • $3,995,000
      4,224 SF

      Marina Del Rey Triplex

      Triplex near the beach with modern upgrades and private garages.
      3900 Pacific Ave, Marina del Rey, CA 90292
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Creative Office Space in Marina

      Two-story creative office space in Marina Del Rey.
      3013 Washington Blvd, Marina del Rey, CA 90292
      View Details
    • Contact for pricing
      275 SF

      Marina del Rey Office Space

      Office space available in Marina del Rey, California.
      4676 Admiralty Way, Marina del Rey, CA 90292
      View Details
    • $3 SF/Yr
      6,311 SF

      Marina del Rey Office Space

      Office space with rooftop deck and convenient location for rent.
      13470 Washington Blvd, Marina del Rey, CA 90292
      View Details
    • Contact for pricing
      1,200 SF

      Prime Marina del Rey Office Suites

      Three Executive Suites, 600-1200 sq ft.
      712 Washington Blvd, Marina del Rey, CA 90292
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2929 Washington Blvd
    Marina Del Rey, CA 90292-5546
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2929 Washington Blvd, Marina Del Rey, CA, 90292
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!