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Property profile & analytics
FOR LEASE
Office buildings
3500 N Sepulveda Blvd Manhattan Beach, CA 90266
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US09-6362057
For Lease
1 / 3
$6,500,000
3500 N Sepulveda Blvd, Manhattan Beach, CA 90266
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1980
Construction
WOOD
Total area
19,328 SF
Lot
0.7 ac (30,305 SF)
Zoning code
MNCC
APN
4138-020-014
UPID
US09-6362057
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
Current use
Occupant on record · Public records
-
RPM Mortgage | Nicole Francis Loan Service Bank
-
Dr. Mark J. Rispler, MD Physician
-
RPM Mortgage - Danny Waddell Loan Service Bank
-
Karla Solorio at CrossCountry Mortgage, LLC Loan Service Bank
-
RPM Mortgage | Armando Sandoval | NMLS #310715 Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.50M
CAP Approach
CAP
$6.94M
Comparable Approach
Comparable
$4.39M
Blend (final)
Blend
$6.50M
Owner & transaction history
3500 Simms Land LLC · 2 yrs held
3500 Simms Land LLC
since 2024
Last sale
$6.5M
5 recorded transactions
Zoning & alternative use
MNCC · Manhattan Beach, 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 Manhattan Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Manhattan Beach 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
$6,500,000
ML approach
$6,500,000
CAP Approach
CAP Return
Estimation
6%
$7,510,000
6.5%
$6,935,000
7%
$6,440,000
Blend value · Realmo final
$6.50M
Range $5.85M – $7.15M · ±10% · vs last sale $6.50M (Jan 25 2024)
Last sale anchor
$6.50M
Jan 25 2024
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
$336 / 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
$103,255
Tax year 2024
Assessed value
$8,708,633
Assessed 2024
Previous assessed
$8,708,633
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$2,317,831
Assessed improvement
$6,390,802
Applied tax rate
6.0000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Lease
Year built
1980
Construction
WOOD
Heating
NONE
Stories
2
Total area
19,328 SF
Lot
0.7 ac (30,305 SF)
Zoning code
MNCC
APN
4138-020-014
UPID
US09-6362057
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
MNCC · Manhattan Beach, CA
Zoning MNCC · permitted uses
MNCC · Manhattan Beach, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Manhattan Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1980
Construction
WOOD
Heating
NONE
Stories
2
Lot
0.7 ac
Current owner
From public records · entity-resolved
3500 Simms Land LLC
Entity
Mailing address
3500 N SEPULVEDA BLVD STE #100, MANHATTAN BEACH, CA 90266-3600
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 25, 2024
$16,200,000
3500 Simms Land LLC
3500 Sepulveda LLC
Grant Deed
related
$9,826,000 · Calprivate Bank
Jan 25, 2024
—
3500 Simms Land LLC
—
Deed
related
$5,000,000 · The Mortgage Capital Development Corp
Nov 16, 2005
$6,500,000
3500 Sepulveda LLC
Fvp Hacienda LLC
Grant Deed
—
Aug 28, 1998
—
Alexander Props Haagen
Manhattan Hacienda Prop,
Grant Deed
related
—
—
—
3500 Sepulveda LLC
—
Deed Of Trust
related
$4,000,000 · Symetra Life Insurance Co
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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