New search
Property profile & analytics
OFF-MARKET
Estimated value
$2,805,000
Investment properties
419 Rose Ave, Venice, CA 90291-2629
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0512878
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1924
Construction
WOOD
Total area
1,348 SF
Lot
0.07 ac (2,909 SF)
Zoning code
LAC4
APN
4240-007-007
UPID
US10-0512878
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
$2.71M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.71M
Blend (final)
Blend
$2.81M
Owner & transaction history
Leo Y Lee · 3 yrs held
Leo Y Lee
since 2023
Last sale
$3.0M
7 recorded transactions
Zoning & alternative use
LAC4 · Venice, 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 Venice submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Venice 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
$2,710,000
ML approach
$2,705,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,810,000
Current use
Blend value · Realmo final
$2.81M
Range $2.52M – $3.09M · ±10% · vs last sale $2.95M (Mar 23 2023)
Last sale anchor
$2.95M
Mar 23 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
$2,081 / 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
$41,294
Tax year 2024
Assessed value
$3,423,723
Assessed 2024
Previous assessed
$3,423,723
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$2,959,491
Assessed improvement
$464,232
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1924
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
1
Units
4
Bathrooms
4
Total area
1,348 SF
Lot
0.07 ac (2,909 SF)
Zoning code
LAC4
APN
4240-007-007
UPID
US10-0512878
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC4 · Venice, CA
Zoning LAC4 · permitted uses
LAC4 · Venice, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Venice. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.8M
COMMERCIAL (GENERAL) Current
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
1924
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Units
4
Bathrooms
4
Lot
0.07 ac
Current owner
From public records · entity-resolved
Leo Y Lee
Individual
Mailing address
3010 WILSHIRE BLVD #206, LOS ANGELES, CA 90010-1103
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 23, 2023
—
Leo Y Lee
Leo Y Lee
Intrafamily Transfer
related
$2,200,000 · Lone Oak Fund LLC
Aug 10, 2017
—
Leo Y Lee
—
Deed
related
$1,800,000 · Unify Financial FCU
May 3, 2016
$2,950,000
Lee 2003 Family Trust
Rose Co LLC
Grant Deed
$1,770,000 · Lone Oak Fund
Apr 24, 2007
$1,175,000
Rose Co LLC
Paul Roman
Grant Deed
$822,500 · Security Bank Of California
Sep 4, 2001
—
Roman,paul & Jennifer Tr
Roman,p & J
Quit Claim Deed
related
—
Aug 9, 2000
$439,000
Paul Roman
Rawlings,marilyn M
Grant Deed
$351,200 · Washington Mutual Fsb
Apr 27, 1994
—
Marilyn M Rawlings
—
Deed Of Trust
related
—
—
—
Paul Roman
—
Deed Of Trust
related
$150,000 · Lori Binkly
May 16, 1966
—
—
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 419 Rose Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
