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Property profile & analytics
OFF-MARKET
Estimated value
$35,000,000
Office Spaces
4132 Del Rey Ave Marina Del Rey, CA 90292-5604
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9380624
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1960
Construction
TILT-UP CONCRETE
Total area
22,780 SF
Lot
0.94 ac (41,099 SF)
Zoning code
LACM(GM)
APN
4230-005-047
UPID
US09-9380624
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
$33.40M
Blend (final)
Blend
$35.00M
Owner & transaction history
Mdr Investors LLC · 4 yrs held
Mdr Investors LLC
since 2022
Last sale
$37.0M
5 recorded transactions
Zoning & alternative use
LACM(GM) · Marina Del Rey, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$25.8M
+5.4%
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 Marina Del Rey submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Marina Del Rey 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
$32,600,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$24,445,000
Current use
RETAIL STORES
$25,765,000
Change: +5% · Conversion: Easy
Blend value · Realmo final
$35.00M
Range $31.50M – $38.50M · ±10% · vs last sale $37.00M (Jun 8 2022)
Last sale anchor
$37.00M
Jun 8 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
$1,536 / 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
$158,575
Tax year 2024
Assessed value
$12,932,172
Assessed 2024
Previous assessed
$12,932,172
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$11,267,532
Assessed improvement
$1,664,640
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 Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1960
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
2
Stories
1
Total area
22,780 SF
Lot
0.94 ac (41,099 SF)
Zoning code
LACM(GM)
APN
4230-005-047
UPID
US09-9380624
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LACM(GM) · Marina Del Rey, CA
Zoning LACM(GM) · permitted uses
LACM(GM) · Marina Del Rey, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Marina Del Rey. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$24.4M
RETAIL STORES
Est. value
$25.8M
COMMERCIAL (GENERAL) Current
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
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
2
Lot
0.94 ac
Current owner
From public records · entity-resolved
Mdr Investors LLC
Entity
Mailing address
1880 CENTURY PARK E STE #1017, LOS ANGELES, CA 90067-1626
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 8, 2022
$37,000,000
Mdr Investors LLC
Park Bros
Grant Deed
$24,200,000 · Western Alliance Bank
Jun 8, 2022
—
Park Bros
David K Park JR
Intrafamily Transfer
related
—
Sep 20, 2005
—
Park Sylvia & David K Trust
Owner Name Unavailable
Grant Deed
related
$405,000 · Kramer Michael & S Trust
Dec 10, 2004
—
Kevin C Park
Park Oliver C Trust
Quit Claim Deed
related
—
Jan 26, 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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