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Property profile & analytics
OFF-MARKET
Estimated value
$9,490,000
Investment properties
344 Sunset Ave, Venice, CA 90291
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0512992
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1977
Construction
TILT-UP CONCRETE
Total area
5,120 SF
Lot
0.14 ac (6,002 SF)
Zoning code
LAM1
APN
4286-007-018
UPID
US10-0512992
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
$8.66M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.30M
Blend (final)
Blend
$9.49M
Owner & transaction history
Steven Topal · 3 yrs held
Steven Topal
since 2022
Last sale
$9.9M
7 recorded transactions
Zoning & alternative use
LAM1 · Venice, 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 Venice submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Venice 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
$8,695,000
ML approach
$8,655,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$6,880,000
Current use
RETAIL STORES
$5,790,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$9.49M
Range $8.54M – $10.44M · ±10% · vs last sale $9.90M (Nov 1 2022)
Last sale anchor
$9.90M
Nov 1 2022
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
$1,854 / 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
$124,571
Tax year 2024
Assessed value
$10,098,000
Assessed 2024
Previous assessed
$10,098,000
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$6,058,800
Assessed improvement
$4,039,200
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1977
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Bathrooms
4
Total area
5,120 SF
Lot
0.14 ac (6,002 SF)
Zoning code
LAM1
APN
4286-007-018
UPID
US10-0512992
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAM1 · Venice, CA
Zoning LAM1 · permitted uses
LAM1 · Venice, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Venice. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$6.9M
RETAIL STORES
Est. value
$5.8M
COMMERCIAL (GENERAL) Current
RETAIL STORES
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
1977
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Bathrooms
4
Lot
0.14 ac
Current owner
From public records · entity-resolved
Steven Topal
Individual
Mailing address
2381 ROSECRANS AVE STE #350, EL SEGUNDO, CA 90245-7907
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2023
—
Steven Topal
—
Deed
related
$5,000,000 · Wells Fargo Bank NA
Nov 1, 2022
$9,900,000
Steven Topal
Altman Harvey
Grant Deed
—
Dec 18, 2014
—
Coast II Trust
346 Sunset Trust
Quit Claim Deed
—
Apr 13, 2011
$1,850,000
346 Sunset Trust
Carruthers,john & Carol A
Grant Deed
—
Feb 1, 1993
$20,090
Clifton C Bearden
Carruthers,jean
Grant Deed
—
—
—
John Carruthers
—
Deed Of Trust
related
$315,000 · Bank Of America
—
—
John Carruthers
—
Deed Of Trust
related
$60,000 · Century Bank
—
—
John Carruthers
—
Deed Of Trust
related
$185,000 · Century 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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