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Property profile & analytics
OFF-MARKET
Estimated value
$3,265,000
Apartment buildings
4061 Lafayette Pl Culver City, CA 90232-2853
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US09-7362973
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1960
Construction
WOOD
Total area
8,183 SF
Lot
0.21 ac (9,116 SF)
Zoning code
CCR4YY
APN
4207-008-025
UPID
US09-7362973
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
$3.13M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.10M
Blend (final)
Blend
$3.27M
Owner & transaction history
Hl Baldwin LLC · 5 yrs held
Hl Baldwin LLC
since 2021
Last sale
$3.4M
7 recorded transactions
Zoning & alternative use
CCR4YY · Culver City, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$5.3M
+70.2%
Auto repair, garage
$4.5M
+44.0%
Office building
$4.1M
+33.0%
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
$3,110,000
ML approach
$3,125,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,090,000
Current use
INDUSTRIAL (GENERAL)
$5,255,000
Change: +70% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,450,000
Change: +44% · Conversion: Difficult
OFFICE BUILDING
$4,105,000
Change: +33% · Conversion: Moderate
MEDICAL BUILDING
$3,730,000
Change: +21% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$3,465,000
Change: +12% · Conversion: Difficult
RETAIL STORES
$3,360,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$3.27M
Range $2.94M – $3.59M · ±10% · vs last sale $3.41M (Feb 18 2021)
Last sale anchor
$3.41M
Feb 18 2021
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
$399 / 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
$50,871
Tax year 2024
Assessed value
$3,618,718
Assessed 2024
Previous assessed
$3,618,718
+0.0% YoY
Effective rate
1.41%
On assessed value
Assessed land
$2,894,975
Assessed improvement
$723,743
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
Units
8
Bathrooms
16
Total area
8,183 SF
Lot
0.21 ac (9,116 SF)
Zoning code
CCR4YY
APN
4207-008-025
UPID
US09-7362973
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
$3.1M
INDUSTRIAL (GENERAL)
Est. value
$5.3M
AUTO REPAIR, GARAGE
Est. value
$4.5M
OFFICE BUILDING
Est. value
$4.1M
MEDICAL BUILDING
Est. value
$3.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.5M
RETAIL STORES
Est. value
$3.4M
APARTMENT HOUSE (5+ UNITS) Current
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
1960
Construction
WOOD
Heating
NONE
Units
8
Bathrooms
16
Lot
0.21 ac
Current owner
From public records · entity-resolved
Hl Baldwin LLC
Entity
Mailing address
PO BOX 5211, SANTA MONICA, CA 90409-5211
Ownership since
2021
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
Sep 1, 2022
—
Hl Baldwin LLC
—
Deed
related
$15,000,000 · Wells Fargo Bank NA
Feb 18, 2021
$3,410,000
Hl Baldwin LLC
Gail Ho
Grant Deed
—
Apr 18, 2017
—
Gail L Ho
—
Deed
related
$1,700,000 · Jpmorgan Chase Bank NA
Mar 7, 2008
—
Gail Ho
George Alevizos
Intrafamily Transfer
related
$1,132,000 · Washington Mutual Bank
Sep 24, 1999
$746,000
Gail L Ho
Carter Trust
Grant Deed
—
Dec 30, 1997
—
Don Levin
Kesco INC,
Grant Deed
related
—
Sep 18, 1992
$810,000
Carter Trust
Shapiro Trust
Grant Deed
$600,000 · California Federal Bank
Nov 22, 1991
$695,000
Shapiro Trust
Testimony Christ
Grant Deed
$500,000 · World Savings & Loan
—
—
G Ho
—
Deed Of Trust
related
$750,000 · Pacific Premier 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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