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Property profile & analytics
OFF-MARKET
Estimated value
$1,570,000
Apartment buildings
615 Ocean Frnt Walk Venice, CA 90291-2583
Entity Owned
11-yr Hold
Absentee Owner
Free & Clear
Property ID
US10-0508719
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1910
Construction
WOOD
Total area
11,979 SF
Lot
0.13 ac (5,824 SF)
Zoning code
LAC1
APN
4286-028-002
UPID
US10-0508719
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
$1.57M
Owner & transaction history
Jema Ofw LLC · 11 yrs held
Jema Ofw LLC
since 2014
7 recorded transactions
Zoning & alternative use
LAC1 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$131 / 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
$26,587
Tax year 2024
Assessed value
$1,698,626
Assessed 2024
Previous assessed
$1,698,626
+0.0% YoY
Effective rate
1.57%
On assessed value
Assessed land
$909,816
Assessed improvement
$788,810
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
1910
Construction
WOOD
Heating
NONE
Units
18
Bathrooms
18
Total area
11,979 SF
Lot
0.13 ac (5,824 SF)
Zoning code
LAC1
APN
4286-028-002
UPID
US10-0508719
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC1 · Venice, CA
Zoning LAC1 · permitted uses
LAC1 · 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.
Building & site characteristics
From public records
Year built
1910
Construction
WOOD
Heating
NONE
Units
18
Bathrooms
18
Lot
0.13 ac
Current owner
From public records · entity-resolved
Jema Ofw LLC
Entity
Free & Clear · 11 yrs held
Mailing address
15514 HAMNER DR STE #219, LOS ANGELES, CA 90077-1805
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
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
Sep 29, 2014
—
Jema Ofw LLC
Halpern 1997 Family Trust
Quit Claim Deed
related
—
Mar 1, 2005
—
Sands 1996 Family Trust
Sands,morris H & Marilyn E
Quit Claim Deed
related
—
Aug 25, 2004
—
Fleischman 1996 Family Trust
Fleischman,jerome P & Vera
Quit Claim Deed
related
—
Feb 18, 2004
—
Halpern,tr
Halpern,edward I & Sonya G
Quit Claim Deed
related
—
—
—
Edward I Halpern
—
Deed Of Trust
related
$120,000 · Individual
—
—
Jerome P Fleischman
—
Deed Of Trust
related
$63,875 · Los Angeles Dept Of Housing
—
—
Halpe
—
Deed Of Trust
related
$50,000 · Rosen Fmly Tr
—
—
Edward I Halpern
—
Deed Of Trust
related
$50,000 · Individual
—
—
Halpe
—
Deed Of Trust
related
$66,667 · Watson Sam M&
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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