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Property profile & analytics
OFF-MARKET
Estimated value
$4,750,000
Apartment buildings
59 10th St Hermosa Beach, CA 90254
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8005656
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1953
Construction
WOOD
Total area
3,256 SF
Lot
0.12 ac (5,231 SF)
Zoning code
HBR3YY
APN
4187-004-023
UPID
US09-8005656
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
$4.52M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.38M
Blend (final)
Blend
$4.75M
Owner & transaction history
Martini Madness LLC · 3 yrs held
Martini Madness LLC
since 2023
Last sale
$4.9M
7 recorded transactions
Zoning & alternative use
HBR3YY · Hermosa 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 Hermosa Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hermosa 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
$4,680,000
ML approach
$4,520,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.75M
Range $4.28M – $5.23M · ±10% · vs last sale $4.90M (Jun 30 2023)
Last sale anchor
$4.90M
Jun 30 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
$1,459 / 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
$55,290
Tax year 2024
Assessed value
$5,000,000
Assessed 2024
Previous assessed
$5,000,000
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$4,947,000
Assessed improvement
$53,000
Applied tax rate
4.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1953
Construction
WOOD
Heating
NONE
Cooling
YES
Units
8
Bathrooms
8
Total area
3,256 SF
Lot
0.12 ac (5,231 SF)
Zoning code
HBR3YY
APN
4187-004-023
UPID
US09-8005656
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
HBR3YY · Hermosa Beach, CA
Zoning HBR3YY · permitted uses
HBR3YY · Hermosa Beach, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hermosa Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1953
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
8
Bathrooms
8
Lot
0.12 ac
Current owner
From public records · entity-resolved
Martini Madness LLC
Entity
Mailing address
126 4TH ST, MANHATTAN BEACH, CA 90266-6421
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
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2023
$4,900,000
Martini Madness LLC
59 10th Street LLC
Grant Deed
—
Dec 30, 2020
—
59 10th Street LLC
6464 Woodman Court LP
Grant Deed
—
Feb 10, 2020
—
6464 Woodman Court LP
—
Deed
related
$2,121,000 · Greystone Svcg
Oct 25, 2019
$4,250,000
6464 Woodman Court LP
Beachside Suites LLC
Grant Deed
$2,200,000 · Nagelhout Family Trust (pt)
Jan 13, 2017
—
Beachside Suites LLC
—
Deed
related
$2,260,000 · Jpmorgan Chase Bank NA
Feb 8, 2013
—
Beachside Suites LLC
2101 Investment Co LLC
Quit Claim Deed
related
—
Feb 17, 2011
—
2101 Investment Co LLC
—
Trustees Deed
related
$2,000,000 · Hic Acceptance LLC
Dec 28, 2010
$2,349,078
2101 Investment Co LLC
Td Service Co
Trustees Deed
related
—
Aug 16, 2005
$2,500,000
53-59 1/2 Tenth Street Ltd
Kopeikin,james A & Sydney J
Grant Deed
$1,500,000 · South Bay Bank
Sep 10, 1999
—
Kopeikin James A
Kopeikin,j A & S J
Quit Claim Deed
related
—
Nov 2, 1995
$540,000
James A Kopeikin
Sprite Enterprises Assoc
Grant Deed
$405,000 · Seller
—
—
Kopeikin Trust
—
Deed Of Trust
related
$800,000 · Washington Mutual Fsb
—
—
James A Kopeikin
—
Deed Of Trust
related
$405,000 · Home Savings Of America
—
—
53-59 1/2 Tenth Street Ltd
—
Deed Of Trust
related
$2,100,000 · East West Bank
—
—
2101 Investment Co LLC
—
Deed Of Trust
related
$1,600,000 · First Century Bank
—
—
6464 Woodman Court LP
—
Deed Of Trust
related
$2,121,000 · Greystone Svcg
May 20, 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.
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