Individually Owned 
For Sale
$3,950,000
323 Culver Blvd, Playa del Rey, CA 90293
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1957
Construction
WOOD
Total area
4,046 SF
Lot
0.11 ac (5,001 SF)
Zoning code
LAC4
APN
4116-009-003
UPID
US09-6539692
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Real Estate Agency
-
Real Estate Agency
-
Real Estate Agency
-
Real Estate Agency
-
Building Supply
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.10M
CAP Approach
CAP
$1.26M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.96M
Owner & transaction history
since 2025
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
LAC4 · Playa Del Rey, CA
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 17 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$1.96M
Value range
$1.76M – $2.16M
±10% around blend
Estimated value / SF
$484 / SF
Confidence
High
17 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
100
Income certainty
100
$1.76M
blend $1.96M
$2.16M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
4,046 SF
Lot area
0.11 ac
Year built
1957
Stories
1
APN
4116-009-003
Zoning
LAC4
Assessed value
$2,117,596
Annual tax
$26,031
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.26M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.37M
@ 6.5% CAP return
$1.26M
@ 7% CAP return
$1.17M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$26,031
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$2.39M
Weighted, 17 comps · high confidence
Evidence
17 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
3.6 mi away · 3,960 SF
4.1 mi away · 5,021 SF
4.2 mi away · 3,293 SF
5.1 mi away · 4,225 SF
5.4 mi away · 3,500 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.96M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 31 sales
$1,073
-55%
County 2504 sales
$309
+57%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $484/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 17 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Selected market yield
4.20%
Selected cap rate for this investment properties
Derived from the Playa del Rey market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 4.20%
9.0%
NOI (est.)
$106k *
Last sale · Jun 2020
$1.98M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.52M
Move the market yield to see immediate price impact.
Value / SF
$622
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
3.70%4.20%4.70%
$95k
$2.57M
$2.26M
$2.02M
$106k
$2.86M
$2.52M
$2.25M
$116k
$3.14M
$2.77M
$2.47M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
17 found
High confidence · county-verified
Closest comparable
$2.57M
3.3 mi · Jan 2026 · $661/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$26,031
Tax year 2024
Assessed value
$2,117,596
Assessed 2024
Previous assessed
$2,117,596
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$1,447,471
Assessed improvement
$670,125
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Sale
Year built
1957
Construction
WOOD
Heating
NONE
Buildings
2
Stories
1
Units
4
Total area
4,046 SF
Lot
0.11 ac (5,001 SF)
Zoning code
LAC4
APN
4116-009-003
UPID
US09-6539692
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC4 · Playa Del Rey, CAZoning LAC4 · permitted uses
LAC4 · Playa Del Rey, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1957
Construction
WOOD
Heating
NONE
Stories
1
Buildings
2
Units
4
Lot
0.11 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
LAC4
Jurisdiction
Playa Del Rey, CA
Recorded code
LAC4
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
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Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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