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Property profile & analytics
OFF-MARKET
Estimated value
$935,000
Retail space
3018 Washington Blvd, Marina Del Rey, CA 90292-5549
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US10-0102726
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1960
Construction
WOOD
Total area
638 SF
Lot
0.04 ac (1,560 SF)
Zoning code
LAC2
APN
4237-026-046
UPID
US10-0102726
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
$955k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$954k
Blend (final)
Blend
$935k
Owner & transaction history
3018 Wb Mdr LLC · 5 yrs held
3018 Wb Mdr LLC
since 2021
Last sale
$925,009
7 recorded transactions
Zoning & alternative use
LAC2 · Marina Del Rey, 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 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
$925,000
ML approach
$955,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$720,000
Current use
COMMERCIAL (GENERAL)
$685,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$935k
Range $842k – $1.03M · ±10% · vs last sale $925k (Jan 13 2021)
Last sale anchor
$925k
Jan 13 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
$1,466 / 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
$11,899
Tax year 2024
Assessed value
$981,616
Assessed 2024
Previous assessed
$981,616
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$915,822
Assessed improvement
$65,794
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1960
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Bathrooms
2
Total area
638 SF
Lot
0.04 ac (1,560 SF)
Zoning code
LAC2
APN
4237-026-046
UPID
US10-0102726
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC2 · Marina Del Rey, CA
Zoning LAC2 · permitted uses
LAC2 · 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
RETAIL STORES Current
Est. value
$720,000
COMMERCIAL (GENERAL)
Est. value
$685,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
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
1960
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Bathrooms
2
Lot
0.04 ac
Current owner
From public records · entity-resolved
3018 Wb Mdr LLC
Entity
Mailing address
3018 WASHINGTON BLVD, MARINA DEL REY, CA 90292-5549
Mailing matches property
Yes
Owner-occupied
Yes
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 15, 2021
—
3018 Wb Mdr LLC
—
Deed
related
$376,000 · Southland Economic Development Corporati
Jan 13, 2021
$925,000
3018 Wb Mdr LLC
Mas Real Estate LLC
Grant Deed
$463,000 · Pacific Premier Bank
Feb 2, 2018
—
Muzaffer Sahbal
Sahbal,muzaffer & Ayhan
Quit Claim Deed
related
—
Nov 26, 2013
$725,000
Muzaffer Sahbal
3018 Washington Boulevard LLC
Grant Deed
—
Feb 5, 2008
—
3018 Washington Boulevard LLC
Dupetit,david A
Quit Claim Deed
related
—
Sep 30, 2003
$279,000
David A Dupetit
Kashri,mike & Shahhdokht
Grant Deed
$251,000 · Us Bank NA
—
—
3018 Washington Blvd LLC
—
Deed Of Trust
related
$150,000 · Lantern Financial Corp
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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