New search
Property profile & analytics
OFF-MARKET
Estimated value
$9,005,000
Turn key restaurants
3016 Washington Blvd, Marina Del Rey, CA 90292-5549
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8891448
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1962
Total area
10,085 SF
Lot
0.76 ac (33,269 SF)
Zoning code
LAR3
APN
4237-026-047
UPID
US09-8891448
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
$8.68M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.48M
Blend (final)
Blend
$9.01M
Owner & transaction history
Urban View Investmetns LLC · 4 yrs held
Urban View Investmetns LLC
since 2021
Last sale
$9.2M
7 recorded transactions
Zoning & alternative use
LAR3 · Marina Del Rey, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$11.4M
+73.7%
Commercial (general)
$10.8M
+64.8%
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 Marina Del Rey submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Marina Del Rey 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
$8,565,000
ML approach
$8,680,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$6,565,000
Current use
RETAIL STORES
$11,405,000
Change: +74% · Conversion: Easy
COMMERCIAL (GENERAL)
$10,820,000
Change: +65% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$6,140,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$9.01M
Range $8.10M – $9.91M · ±10% · vs last sale $9.15M (Sep 30 2021)
Last sale anchor
$9.15M
Sep 30 2021
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
$893 / 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
$116,832
Tax year 2024
Assessed value
$9,519,660
Assessed 2024
Previous assessed
$9,519,660
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$7,615,728
Assessed improvement
$1,903,932
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1962
Heating
NONE
Buildings
4
Stories
1
Total area
10,085 SF
Lot
0.76 ac (33,269 SF)
Zoning code
LAR3
APN
4237-026-047
UPID
US09-8891448
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAR3 · Marina Del Rey, CA
Zoning LAR3 · permitted uses
LAR3 · Marina Del Rey, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Marina Del Rey. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$6.6M
RETAIL STORES
Est. value
$11.4M
COMMERCIAL (GENERAL)
Est. value
$10.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.1M
RESTAURANT Current
RETAIL STORES
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
1962
Heating
NONE
Stories
1
Buildings
4
Lot
0.76 ac
Current owner
From public records · entity-resolved
Urban View Investmetns LLC
Entity
Mailing address
11150 W OLYMPIC BLVD STE #920, LOS ANGELES, CA 90064-1839
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Apr 1, 2022
—
Urban View Investments LLC
—
Deed
related
$4,000,000 · First Republic Bank
Sep 30, 2021
$9,150,000
Urban View Investmetns LLC
Geraldine Gilliland
Grant Deed
—
Jan 31, 2018
—
Gilliland,geraldine Trust
—
Deed
related
$1,703,000 · Banc Of Ca NA
Apr 22, 2005
—
Gilliland Geraldine Trust
Gilliland,geraldine
Quit Claim Deed
related
—
Nov 18, 2003
—
Geraldine M Gilliland
Lonsway,gilliland Tr
Quit Claim Deed
related
$1,300,000 · First Federal Bank Ca
Jun 26, 1998
$1,300,000
Gilliland Geraldine Co Tr
—
Grant Deed
related
—
—
—
Lonsway/gilliland Trust
—
Deed Of Trust
related
$880,000 · First Federal Bank Ca
—
—
Gilliland,geraldine Trust
—
Loan Modification
related
$1,703,000 · Banc Of Ca NA
—
—
Gilliland Geraldine Trust
—
Deed Of Trust
related
$1,800,000 · Comerica Bank
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 3016 Washington 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.
