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Property profile & analytics
OFF-MARKET
Estimated value
$770,000
Apartment buildings
3800 The Strand 1 Manhattan Beach, CA 90266-3136
Trust Owned
29-yr Hold
~
Est. High Equity
Property ID
US09-6288433
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1953
Construction
WOOD
Total area
5,307 SF
Lot
0.16 ac (7,006 SF)
Zoning code
MNRH
APN
4137-011-105
UPID
US09-6288433
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$770k
Owner & transaction history
Thomas,richard L Trustee · 29 yrs held
Thomas,richard L Trustee
since 1997
7 recorded transactions
Zoning & alternative use
MNRH · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$145 / 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
$23,468
Tax year 2024
Assessed value
$1,952,087
Assessed 2024
Previous assessed
$1,952,087
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$1,576,347
Assessed improvement
$375,740
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
1953
Construction
WOOD
Heating
NONE
Cooling
YES
Buildings
2
Units
4
Bathrooms
7
Total area
5,307 SF
Lot
0.16 ac (7,006 SF)
Zoning code
MNRH
APN
4137-011-105
UPID
US09-6288433
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.
Building & site characteristics
From public records
Year built
1953
Construction
WOOD
Heating
NONE
Cooling
Yes
Buildings
2
Units
4
Bathrooms
7
Lot
0.16 ac
Current owner
From public records · entity-resolved
Thomas,richard L Trustee
Trust
Mailing address
3800 THE STRAND, MANHATTAN BEACH, CA 90266-3136
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
1997
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 5, 2016
—
Thomas,richard L Trust
—
Deed
related
$470,000 · Farmers & Merchants Bk/lng Bch
Aug 15, 2016
—
Thomas,richard L Trust
—
Deed
related
$7,050,000 · Farmers & Merchants Bk/lng Bch
Jul 22, 1997
—
Thomas,richard L Trustee
Thomas,r L
Quit Claim Deed
related
—
—
—
Richard L Thomas
—
Deed Of Trust
related
$1,492,607 · Thomas Beverly A Trust
—
—
Thomas,richard L Trust
—
Deed Of Trust
related
$7,050,000 · Farmers & Merchants Bk/lng Bch
—
—
Thomas,richard L Trust
—
Deed Of Trust
related
$470,000 · Farmers & Merchants Bk/lng Bch
—
—
Thomas Trust
—
Deed Of Trust
related
$1,761,218 · Individual
—
—
Richard L Thomas
—
Deed Of Trust
related
$1,015,000 · American Savings Bank
—
—
Richard L Thomas
—
Deed Of Trust
related
$294,520 · Mcgee Ann E&
—
—
Richard L Thomas
—
Deed Of Trust
related
$450,000 · Security Pacific 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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