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Property profile & analytics
OFF-MARKET
Estimated value
$4,265,000
Apartment buildings
3843 Prospect Ave Culver City, CA 90232-3827
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6907024
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1966
Construction
WOOD
Total area
7,552 SF
Lot
0.17 ac (7,498 SF)
Zoning code
CCR4YY
APN
4213-001-023
UPID
US09-6907024
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
$3.97M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.79M
Blend (final)
Blend
$4.27M
Owner & transaction history
Alp Kikaku Co Ltd · 4 yrs held
Alp Kikaku Co Ltd
since 2022
Last sale
$4.8M
7 recorded transactions
Zoning & alternative use
CCR4YY · Culver City, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.2M
+118.0%
Industrial (general)
$4.9M
+70.2%
Auto repair, garage
$4.1M
+44.0%
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 Culver City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Culver City 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
$3,975,000
ML approach
$3,970,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,850,000
Current use
RESTAURANT
$6,210,000
Change: +118% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$4,850,000
Change: +70% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,105,000
Change: +44% · Conversion: Difficult
OFFICE BUILDING
$3,790,000
Change: +33% · Conversion: Moderate
MEDICAL BUILDING
$3,440,000
Change: +21% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$3,200,000
Change: +12% · Conversion: Difficult
RETAIL STORES
$3,100,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$4.27M
Range $3.84M – $4.69M · ±10% · vs last sale $4.80M (May 26 2022)
Last sale anchor
$4.80M
May 26 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
$565 / 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
$60,608
Tax year 2024
Assessed value
$4,996,020
Assessed 2024
Previous assessed
$4,996,020
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$3,329,280
Assessed improvement
$1,666,740
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
1966
Construction
WOOD
Heating
NONE
Units
7
Bathrooms
12
Total area
7,552 SF
Lot
0.17 ac (7,498 SF)
Zoning code
CCR4YY
APN
4213-001-023
UPID
US09-6907024
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
CCR4YY · Culver City, CA
Zoning CCR4YY · permitted uses
CCR4YY · Culver City, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Culver City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.9M
RESTAURANT
Est. value
$6.2M
INDUSTRIAL (GENERAL)
Est. value
$4.9M
AUTO REPAIR, GARAGE
Est. value
$4.1M
OFFICE BUILDING
Est. value
$3.8M
MEDICAL BUILDING
Est. value
$3.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.2M
RETAIL STORES
Est. value
$3.1M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1966
Construction
WOOD
Heating
NONE
Units
7
Bathrooms
12
Lot
0.17 ac
Current owner
From public records · entity-resolved
Alp Kikaku Co Ltd
Entity
Mailing address
10-1 GINZA 6TH CHOME CHUO 105TH XX
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 26, 2022
$4,800,000
Alp Kikaku Co Ltd
Open House Investments LLC
Grant Deed
—
Jul 15, 2021
$3,410,000
Open House Investments LLC
Prospect Property LLC
Grant Deed
—
Jul 1, 2016
—
Prospect Property LLC
—
Deed
related
$920,000 · Jpmorgan Chase Bank NA
Oct 25, 2011
—
Prospect Property LLC
Patrick Joseph Mcdermott
Grant Deed
$1,000,000 · Jpmorgan Chase Bank NA
Nov 4, 2008
$1,300,000
James M Mcdermott
Kaufer Family Trust
Grant Deed
$975,000 · Kaufer Family Trust
May 30, 2007
—
Kaufer Family Trust
Kaufer Family Trust
Quit Claim Deed
related
—
Oct 16, 2003
—
Kaufer,tr
Kaufer,marca H
Quit Claim Deed
related
—
May 26, 1992
$701,000
Alvin S Kaufer
Chavez Trust
Grant Deed
$431,000 · World Savings & Loan
Apr 14, 1988
$315,000
Victor E Chavez
Blom
Grant Deed
—
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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