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Property profile & analytics
OFF-MARKET
Estimated value
$860,000
Office buildings
3206 Washington Blvd Marina Del Rey, CA 90292-5553
Entity Owned
15-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6871307
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1980
Construction
TILT-UP CONCRETE
Total area
2,655 SF
Lot
0.29 ac (12,776 SF)
Zoning code
LAR3
APN
4237-027-033
UPID
US09-6871307
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
$950k
Comparable Approach
Comparable
$532k
Blend (final)
Blend
$860k
Owner & transaction history
3206 Washington LLC · 15 yrs held
3206 Washington LLC
since 2010
7 recorded transactions
Zoning & alternative use
LAR3 · Marina Del Rey, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.2M
+3.1%
Medical building
$1.2M
+1.4%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,030,000
6.5%
$950,000
7%
$885,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,190,000
Current use
AUTO REPAIR, GARAGE
$1,230,000
Change: +3% · Conversion: Difficult
MEDICAL BUILDING
$1,205,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$860k
Range $774k – $946k · ±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
$324 / 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
$27,376
Tax year 2024
Assessed value
$2,199,487
Assessed 2024
Previous assessed
$2,199,487
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$1,866,628
Assessed improvement
$332,859
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1980
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
OTHER
Stories
1
Total area
2,655 SF
Lot
0.29 ac (12,776 SF)
Zoning code
LAR3
APN
4237-027-033
UPID
US09-6871307
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
OFFICE BUILDING Current
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.2M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1980
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
3206 Washington LLC
Entity
Mailing address
716 N RODEO DR, BEVERLY HILLS, CA 90210-3210
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 15, 2022
—
3206 Washington LLC
—
Deed
related
$722,400 · Zb NA
Nov 14, 2017
—
3206 Washington LLC
—
Deed
related
$750,000 · First Bank
Nov 16, 2010
—
3206 Washington LLC
Partovy,ramin & Kathrine
Grant Deed
—
Dec 11, 2009
$1,675,000
Ramin Partovy
3206 Washington Associates LLC
Grant Deed
—
Aug 31, 2007
—
3206 Washington Associates LLC
3206 Washington Assn LLC
Quit Claim Deed
$1,800,000 · Vineyard Bank
Aug 15, 2006
$1,002,000
3206 Washington Assn LLC
Awk Trust
Grant Deed
$1,001,000 · Awk Trust
Aug 15, 2006
—
3206 Washington Assn LLC
Alegre,roberto R
Grant Deed
—
Feb 6, 2004
$435,000
Awk,tr
3711 Inglewood LLC
Grant Deed
—
Jan 30, 2004
—
Vincent Varela
Varela,fernanda
Quit Claim Deed
related
—
Jan 30, 2004
$435,000
Roberto R Alegre
3711 Inglewood LLC
Grant Deed
—
Oct 7, 2003
$1,185,000
3711 Inglewood LLC
Keown,tr
Grant Deed
—
—
—
3711 Inglewood LLC
—
Deed Of Trust
related
$730,000 · First Coastal Bank
Jan 1, 1964
—
—
—
Grant 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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