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Property profile & analytics
OFF-MARKET
Estimated value
$735,000
Apartment buildings
3814 Highland Ave Manhattan Beach, CA 90266-3175
Individually Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-8271472
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1960
Construction
WOOD
Total area
3,436 SF
Lot
0.08 ac (3,612 SF)
Zoning code
MNCNE
APN
4137-002-014
UPID
US09-8271472
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
$850k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$735k
Owner & transaction history
Linda Theroux Peterson · 2 yrs held
Linda Theroux Peterson
since 2023
7 recorded transactions
Zoning & alternative use
MNCNE · Manhattan Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.1M
+17.1%
Warehouse, storage
$1.0M
+11.4%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$920,000
6.5%
$850,000
7%
$790,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$905,000
Current use
COMMERCIAL (GENERAL)
$1,060,000
Change: +17% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,010,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$735k
Range $662k – $809k · ±10%
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
$214 / 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
$35,195
Tax year 2024
Assessed value
$3,008,299
Assessed 2024
Previous assessed
$3,008,299
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$2,841,702
Assessed improvement
$166,597
Applied tax rate
3.0000
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
1960
Construction
WOOD
Heating
NONE
Cooling
YES
Units
8
Total area
3,436 SF
Lot
0.08 ac (3,612 SF)
Zoning code
MNCNE
APN
4137-002-014
UPID
US09-8271472
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
MNCNE · Manhattan Beach, CA
Zoning MNCNE · permitted uses
MNCNE · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$905,000
COMMERCIAL (GENERAL)
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$1.0M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1960
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
8
Lot
0.08 ac
Current owner
From public records · entity-resolved
Linda Theroux Peterson
Individual
Free & Clear · 2 yrs held
Mailing address
648 PACIFIC COAST HWY, HERMOSA BEACH, CA 90254-4838
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 13, 2023
—
Linda Theroux Peterson
Linda L Peterson
Intrafamily Transfer
related
—
Oct 16, 2023
—
Mark Theroux
Mark Theroux
Intrafamily Transfer
related
—
Jul 6, 2023
—
Linda L Peterson
Linda L Peterson
Intrafamily Transfer
related
—
May 20, 2022
—
James C Wallace
James C Wallace
Intrafamily Transfer
related
—
Jul 21, 2017
—
James C Wallace
Wallace Marian F Trust
Quit Claim Deed
related
—
Jul 17, 2017
—
James C Wallace
Wallace,marian F
Affidavit Of Death
related
—
Apr 11, 2003
—
Wallace,tr
Wallace,marian F
Quit Claim Deed
related
—
Dec 16, 2002
—
Marian F Wallace
Harris,tr
Grant Deed
related
—
Aug 20, 2001
—
Wallace,marian F Tr
Wallace,m F Tr
Quit Claim Deed
related
—
Jul 2, 2001
—
Wallace,marian F Co-trustee
Wallace,m F Co-trustee
Quit Claim Deed
related
—
Jul 25, 2000
—
Wallace,marian F Co-trustee
Wallace,m J Co-trustee
Quit Claim Deed
related
—
Jul 19, 2000
—
Wallace,marian F Co-trustee
Wallace,m J Co-trustee
Quit Claim Deed
related
—
Jan 14, 1959
—
—
—
Grant Deed
related
—
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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