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Property profile & analytics
OFF-MARKET
Estimated value
$1,920,000
Retail space
5788 Washington Blvd Culver City, CA 90232
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7366215
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1925
Construction
TILT-UP CONCRETE
Total area
3,200 SF
Lot
0.12 ac (5,025 SF)
Zoning code
CCM1
APN
5065-015-026
UPID
US09-7366215
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
$1.90M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.15M
Blend (final)
Blend
$1.92M
Owner & transaction history
The Shotwell Group LLC · 4 yrs held
The Shotwell Group LLC
since 2021
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
CCM1 · Culver City, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.7M
+32.4%
Office building
$1.6M
+22.2%
Medical building
$1.5M
+11.0%
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
$1,925,000
ML approach
$1,895,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,315,000
Current use
AUTO REPAIR, GARAGE
$1,740,000
Change: +32% · Conversion: Difficult
OFFICE BUILDING
$1,605,000
Change: +22% · Conversion: Easy
MEDICAL BUILDING
$1,460,000
Change: +11% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,355,000
Change: +3% · Conversion: Moderate
Blend value · Realmo final
$1.92M
Range $1.73M – $2.11M · ±10% · vs last sale $1.93M (Sep 29 2021)
Last sale anchor
$1.93M
Sep 29 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
$600 / 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
$24,371
Tax year 2024
Assessed value
$2,007,972
Assessed 2024
Previous assessed
$2,007,972
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$1,768,680
Assessed improvement
$239,292
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1925
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
3,200 SF
Lot
0.12 ac (5,025 SF)
Zoning code
CCM1
APN
5065-015-026
UPID
US09-7366215
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
CCM1 · Culver City, CA
Zoning CCM1 · permitted uses
CCM1 · 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
RETAIL STORES Current
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.4M
RETAIL STORES Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1925
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
The Shotwell Group LLC
Entity
Mailing address
24 FORBES AVE, SAN RAFAEL, CA 94901-1741
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 5, 2025
—
The Shotwell Group LLC
—
Deed
related
$300,000 · The Mortgage Capital Development Corp
Nov 4, 2022
—
The Shotwell Group LLC
—
Deed
related
$877,000 · The Mortgage Capital Development Corp
Sep 29, 2021
$1,930,000
The Shotwell Group LLC
Martinez Goldsby LLC
Grant Deed
$1,079,700 · Wells Fargo Bank NA
Apr 5, 2017
$2,250,000
Martinez Goldsby LLC
5790 Washington LLC
Grant Deed
$1,350,000 · Jpmorgan Chase Bank NA
Jul 16, 2010
$925,000
5790 Washington LLC
Charles H Boxenbaum
Grant Deed
$855,000 · Community Bank
Oct 9, 1998
$275,000
Boxenbaum Trust
Mehdizadeh,freydoun & Roza
Grant Deed
—
Apr 24, 1990
$435,000
Freyd Mehdizadeh
Jone
Grant Deed
—
—
—
Freydoun Mehdizadeh
—
Deed Of Trust
related
$150,000 · Budget Uniform
—
—
Roza Mehdizadeh
—
Deed Of Trust
related
—
—
—
5790 Washington LLC
—
Deed Of Trust
related
$1,000,000 · Bank Of America
—
—
Roza Mehdizadeh
—
Deed Of Trust
related
—
—
—
Freydoun Mehdizadeh
—
Deed Of Trust
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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