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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Warehouses
3223 La Cienega Ave Culver City, CA 90232-7485
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7313198
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1982
Construction
TILT-UP CONCRETE
Total area
3,099 SF
Lot
0.11 ac (4,666 SF)
Zoning code
CCC3YY
APN
4312-022-028
UPID
US09-7313198
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
$510k
CAP Approach
CAP
$720k
Comparable Approach
Comparable
$510k
Blend (final)
Blend
$580k
Owner & transaction history
3215 La Cienega Owner LLC · 6 yrs held
3215 La Cienega Owner LLC
since 2019
7 recorded transactions
Zoning & alternative use
CCC3YY · Culver City, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$930,000
+7.1%
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 Culver City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Culver City 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
$510,000
CAP Approach
CAP Return
Estimation
6%
$780,000
6.5%
$720,000
7%
$670,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$865,000
Current use
COMMERCIAL (GENERAL)
$930,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$580k
Range $522k – $638k · ±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
$187 / 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
$26,633
Tax year 2024
Assessed value
$2,251,622
Assessed 2024
Previous assessed
$2,251,622
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$1,742,327
Assessed improvement
$509,295
Applied tax rate
12.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1982
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
3,099 SF
Lot
0.11 ac (4,666 SF)
Zoning code
CCC3YY
APN
4312-022-028
UPID
US09-7313198
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
CCC3YY · Culver City, CA
Zoning CCC3YY · permitted uses
CCC3YY · Culver City, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Culver City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$865,000
COMMERCIAL (GENERAL)
Est. value
$930,000
WAREHOUSE, STORAGE 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
1982
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
3215 La Cienega Owner LLC
Entity
Mailing address
2341 MICHIGAN AVE, SANTA MONICA, CA 90404-3907
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
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
Nov 30, 2020
—
3215 La Cienega Owner LLC
—
Deed
related
$25,237,049 · Readycap Commercial LLC
Aug 16, 2019
—
3215 La Cienega Owner LLC
Rcp Holdings Xil LLC
Quit Claim Deed
$18,100,000 · Ready Cap Structured Fin
Dec 1, 2017
$11,000,000
Rcp Holdings Xii LLC
Goldstein Maurice Trust
Trustees Deed
$12,800,000 · Latitude Management Real Estate Capital
Jan 4, 2002
—
Mary Goldstein
—
Deed Of Trust
related
$1,100,000 · California Federal Bank
Dec 31, 1996
$1,111,454
Maury Goldstein
Gentra Capital Corporation
Grant Deed
$715,000 · Cenfed Bank
Mar 20, 1995
$1,064,840
Gentra Capital Corp
Slomovic,jack
Trustees Deed
related
—
—
—
Jack Slomovle
—
Deed Of Trust
related
$498,000 · City National 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.
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