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Property profile & analytics
OFF-MARKET
Estimated value
$3,080,000
Community centers
4371 Glencoe Ave, Marina Del Rey, CA 90292-8796
Individually Owned
20-yr Hold
Free & Clear
Property ID
US09-7089778
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1974
Construction
TILT-UP CONCRETE
Total area
20,440 SF
Lot
1.71 ac (74,359 SF)
Zoning code
LAM1
APN
4212-004-023
UPID
US09-7089778
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
by Request
Blend (final)
Blend
$3.08M
Owner & transaction history
Rar2-villa Marina Ctr Ca Spe I · 20 yrs held
Rar2-villa Marina Ctr Ca Spe I
since 2006
5 recorded transactions
Zoning & alternative use
LAM1 · Marina Del Rey, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$151 / 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
$227,821
Tax year 2024
Assessed value
$18,596,301
Assessed 2024
Previous assessed
$18,596,301
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$11,766,047
Assessed improvement
$6,830,254
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1974
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
20,440 SF
Lot
1.71 ac (74,359 SF)
Zoning code
LAM1
APN
4212-004-023
UPID
US09-7089778
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAM1 · Marina Del Rey, CA
Zoning LAM1 · permitted uses
LAM1 · 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.
Building & site characteristics
From public records
Year built
1974
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
1.71 ac
Current owner
From public records · entity-resolved
Rar2-villa Marina Ctr Ca Spe I
Individual
Free & Clear · 20 yrs held
Mailing address
PO BOX 4900, SCOTTSDALE, AZ 85261-4900
Ownership since
2006
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 28, 2006
—
Rar2-villa Marina Ctr Ca Spe I
Villa Marina Mhrp V LLC
Quit Claim Deed
related
—
Jun 26, 2006
—
Rar2-villa Marina Ctr Ca Spe I
Villa Marina Mhrp V LLC
Quit Claim Deed
related
—
Mar 26, 1997
—
Macerich Marina LP
—
Deed Of Trust
related
$55,000,000 · Lehman Brothers Realty Corp
Jan 25, 1996
—
Macerich Marina LP
Copley Investors LP
Grant Deed
related
—
Oct 10, 1991
$5,559,000
Copley Investors Limited Pntshp
Unknown
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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