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Property profile & analytics
OFF-MARKET
Estimated value
$10,640,000
Community centers
500 Sepulveda Blvd Manhattan Beach, CA 90266-6948
Individually Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6935289
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1976
Construction
WOOD
Total area
33,007 SF
Lot
1.5 ac (65,257 SF)
Zoning code
MNCG
APN
4168-013-016
UPID
US09-6935289
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
Current use
Occupant on record · Public records
-
Royal West Development Construction Company General Contractor
-
Behind the Wheel Driving School Training Center Vocational School
-
Manhatthan Beach Waterproofing Team Hardware & Home Improvement Construction Company
-
Manhattan Beach Dentist - Ocean View Dental - Cosmetic Dentist Manhattan Beach Dental Office
-
Barney M. Hom, DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$12.04M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.64M
Owner & transaction history
West Ridge Sepulveda Rentals L · 11 yrs held
West Ridge Sepulveda Rentals L
since 2015
6 recorded transactions
Zoning & alternative use
MNCG · Manhattan 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 Manhattan Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Manhattan 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$13,040,000
6.5%
$12,035,000
7%
$11,180,000
Blend value · Realmo final
$10.64M
Range $9.58M – $11.70M · ±10%
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
$322 / 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
$215,809
Tax year 2024
Assessed value
$18,116,122
Assessed 2024
Previous assessed
$18,116,122
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$11,535,405
Assessed improvement
$6,580,717
Applied tax rate
6.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1976
Construction
WOOD
Heating
NONE
Buildings
3
Total area
33,007 SF
Lot
1.5 ac (65,257 SF)
Zoning code
MNCG
APN
4168-013-016
UPID
US09-6935289
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
MNCG · Manhattan Beach, CA
Zoning MNCG · permitted uses
MNCG · Manhattan Beach, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Manhattan Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1976
Construction
WOOD
Heating
NONE
Buildings
3
Lot
1.5 ac
Current owner
From public records · entity-resolved
West Ridge Sepulveda Rentals L
Individual
Mailing address
2015 MANHATTAN BCH BLVD, REDONDO BEACH, CA 90278-1226
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 13, 2016
—
West Ridge Sepulveda Rentals L
—
Deed
related
$11,000,000 · Natixis Sa
Jun 8, 2015
$5,184,000
West Ridge Sepulveda Rentals L
Manhattan Beach Mall 00 LP
Grant Deed
related
—
Mar 16, 2000
—
Michael J Knapp
Davisson,w C & V M
Grant Deed
related
—
Apr 1, 1991
—
William Davisson
Davisson,william
Quit Claim Deed
related
—
—
—
Manhattan Beach Mall 00
—
Deed Of Trust
related
$7,000,000 · General Electric Capital Corp
—
—
West Ridge Sepulveda Rentals L
—
Deed Of Trust
related
$11,000,000 · Natixis Sa
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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