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Property profile & analytics
OFF-MARKET
Estimated value
$14,100,000
Apartment buildings
3608 The Strand Manhattan Beach, CA 90266-3266
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US09-6288246
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1952
Construction
WOOD
Total area
13,620 SF
Lot
0.21 ac (9,334 SF)
Zoning code
MNRH
APN
4175-026-033
UPID
US09-6288246
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
-
Real Estate West Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$14.10M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$14.10M
Owner & transaction history
Suriside Retreat LLC · 2 yrs held
Suriside Retreat LLC
since 2024
Last sale
$14.1M
7 recorded transactions
Zoning & alternative use
MNRH · Manhattan Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$23.4M
+550.3%
Restaurant
$8.9M
+146.9%
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
$14,100,000
ML approach
$14,100,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$23,365,000
Change: +550% · Conversion: Moderate
RESTAURANT
$8,870,000
Change: +147% · Conversion: Difficult
Blend value · Realmo final
$14.10M
Range $12.69M – $15.51M · ±10% · vs last sale $14.10M (May 3 2024)
Last sale anchor
$14.10M
May 3 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
$1,035 / 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
$99,557
Tax year 2024
Assessed value
$8,642,282
Assessed 2024
Previous assessed
$8,642,282
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$7,472,793
Assessed improvement
$1,169,489
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1952
Construction
WOOD
Heating
NONE
Cooling
YES
Buildings
3
Units
11
Bathrooms
6
Total area
13,620 SF
Lot
0.21 ac (9,334 SF)
Zoning code
MNRH
APN
4175-026-033
UPID
US09-6288246
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
MNRH · Manhattan Beach, CA
Zoning MNRH · permitted uses
MNRH · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$23.4M
RESTAURANT
Est. value
$8.9M
OFFICE BUILDING
RESTAURANT
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
1952
Construction
WOOD
Heating
NONE
Cooling
Yes
Buildings
3
Units
11
Bathrooms
6
Lot
0.21 ac
Current owner
From public records · entity-resolved
Suriside Retreat LLC
Entity
Mailing address
3608 THE STRAND, MANHATTAN BEACH, CA 90266-3266
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 3, 2024
$14,100,000
Suriside Retreat LLC
The Manhattan Strandhomes LLC
Grant Deed
—
Jul 25, 2022
—
The Manhattan Strandhomes LLC
—
Deed
related
$4,500,000 · Bank Of America NA
Jan 22, 2019
—
Manhattan Strandhomes
—
Deed
related
$3,700,000 · Schneider Ls Family Tru (pt)
Dec 28, 2018
—
Manhattan Strandhomes LLC
—
Deed
related
$2,294,000 · Schneider Ls Family Tru (pt)
Mar 22, 2004
$6,200,000
Manhattan Strandhomes LLC
Papworth,michael T & Frances A
Grant Deed
$2,100,000 · Kentwood Bancorp
Jun 27, 2000
$850,000
Michael Papworth
Elliott,j & C E
Grant Deed
—
—
—
Manhattan Strandhomes
—
Loan Modification
related
$3,700,000 · Schneider Ls Family Tru (pt)
—
—
Manhattan Strandhomes LLC
—
Deed Of Trust
related
$2,294,000 · Schneider Ls Family Tru (pt)
—
—
Manhattan Strandhomes LLC
—
Deed Of Trust
related
$2,100,000 · Citizens Business 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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