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Property profile & analytics
OFF-MARKET
Estimated value
$12,680,000
Office buildings
400 Pier Ave Hermosa Beach, CA 90254-3819
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-6737815
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2010
Construction
WOOD
Total area
3,283 SF
Lot
0.22 ac (9,409 SF)
Zoning code
HBC2*
APN
4187-019-037
UPID
US09-6737815
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
$8.77M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.68M
Owner & transaction history
New Fish Holdings LLC · 2 yrs held
New Fish Holdings LLC
since 2023
Last sale
$17.5M
7 recorded transactions
Zoning & alternative use
HBC2* · Hermosa 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 Hermosa Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hermosa 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
$16,620,000
ML approach
$8,770,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$12.68M
Range $11.41M – $13.95M · ±10% · vs last sale $17.50M (Jul 26 2023)
Last sale anchor
$17.50M
Jul 26 2023
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
$3,862 / 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
$69,778
Tax year 2024
Assessed value
$6,500,000
Assessed 2024
Previous assessed
$6,500,000
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$4,600,000
Assessed improvement
$1,900,000
Applied tax rate
4.0000
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
Off-Market
Year built
2010
Construction
WOOD
Heating
NONE
Stories
2
Total area
3,283 SF
Lot
0.22 ac (9,409 SF)
Zoning code
HBC2*
APN
4187-019-037
UPID
US09-6737815
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
HBC2* · Hermosa Beach, CA
Zoning HBC2* · permitted uses
HBC2* · Hermosa Beach, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hermosa Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2010
Construction
WOOD
Heating
NONE
Stories
2
Lot
0.22 ac
Current owner
From public records · entity-resolved
New Fish Holdings LLC
Entity
Free & Clear · 2 yrs held
Mailing address
338 PIER AVE, HERMOSA BEACH, CA 90254-3617
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 26, 2023
$17,500,000
New Fish Holdings LLC
Blake Holdings LLC
Grant Deed
—
Aug 31, 2011
—
Blake Holdings LLC
Blake Holdings LLC
Quit Claim Deed
related
—
Oct 20, 2010
$4,300,000
Blake Holdings LLC
Lm Pacific Properties LLC
Grant Deed
related
$2,150,000 · City National Bank
Aug 26, 2010
—
Lm Pacific Properties LLC
—
Deed Of Trust
related
$5,941,935 · Intervest Mortgage Co LLC
May 28, 2010
—
Lm Pacific Properties LLC
—
Deed Of Trust
related
$5,942,485 · Intervest Mortgage Co LLC
Mar 25, 2005
—
Lm Pacific Properties LLC
Marco,al
Grant Deed
$1,500,000 · South Bay Bank
Jun 16, 2004
—
Al Marco
White & Day Corp
Grant Deed
$1,450,000 · Arkenberg Trust
Jan 1, 1968
—
White|day,funeral
—
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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