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    6507 Ocean Crst Dr Rancho Palos Verdes, CA 90275-5464
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    Property profile & analytics

    6507 Ocean Crst Dr, Rancho Palos Verdes, CA 90275-5464

    View on Map
    • Apartment buildings
    • 73,550 SF
    • 0.96 lot acres
    Off-Market
    Property ID
    US09-8492569
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $12,300,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 6507 Ocean Crst Dr

    Year built
    1973
    Construction
    WOOD
    Lot size
    0.96 lot acres
    Zone code
    RPRM3600*
    Property type
    Apartment buildings
    APN
    7583-023-010
    APU
    7583023010

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 13, 2016 $40,111,500 Vista Catalina Apts LLC Cpt Vista Catalina LLC Grant Deed $27.4M · Centerline Mortgage Capital INC
    Jan 3, 2013 $35,650,000 Cpt Vista Catalina LLC Bvf-ii Madison LLC Grant Deed —
    Apr 29, 2010 $22,863,000 Bvf-ii Madison LLC Ppc Palos Verde LLC Grant Deed $13M · Bvf-ii Fin LLC
    Sep 15, 2005 $13,000,000 Ppc Palos Verdes LLC Oceanview Partners Deed Of Trust $18.3M · Gmac Commercial Mortgage Corp
    Jan 20, 2005 — Wireless Capital Partners LLC — Deed Of Trust · related $125M · Halifax Plc
    Apr 13, 1993 — Oceanview Partners Waxman Trust Trustees Deed $3M · Arcs Mortgage INC
    Aug 14, 1989 — Waxman Fmly Tr Waxman Samuel An Quit Claim Deed · related —
    — — Bvf-ii Madison LLC — Deed Of Trust · related $14.3M · Cbre Capital Markets INC
    — — Frederick L Judge — Deed Of Trust · related $345k · Gmac Mortgage Corp
    — — Oceanview Partners — Deed Of Trust · related $3.5M · Arcs Commercial Mortgage Co LP

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $19,400,000
      Current use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Rancho Palos Verdes
    County
    Los Angeles
    State
    California
    Longitude
    -118.392
    Latitude
    33.7636
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $375,785
    $25,649,528
    $6,985,663
    $32,635,191
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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    Similar Nearby for Sale

    • $785,000

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      Upgraded 2BD/2BA condo with ocean views and resort-style amenities.
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      View Details
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      Oceanfront Turnkey End Unit Condo

      Oceanfront 2 bed, 2 bath condo with stunning views.
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      View Details
    • $1,995,000
      61,417.00 Acres

      Rancho Palos Verdes Vacant Land

      1.4-acre vacant lot with panoramic ocean and city views.
      Na, Rancho Palos Verdes, CA 90275
      View Details
    • $1,990,000
      46,739.00 Acres

      Rancho Palos Verdes Oceanfront Estate Lot

      Premier 1.08-acre vacant lot with panoramic ocean views.
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    Similar Nearby for Lease

    • Contact for pricing

      Mediterranean Style Office Building

      Three-story office building with elegant lobbies and outdoor courtyard.
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      View Details
    • $4,875 /Mo

      Restaurant Space Available For Rent

      Restaurant space with existing infrastructure, ready for a seasoned chef.
      28500 Western Ave, Rancho Palos Verdes, CA 90275
      View Details
    • $4,875 /Mo
      1,500 SF

      Restaurant Ready in Rancho Palos Verdes

      Restaurant-permitted unit with existing infrastructure, Rancho Palos Verdes.
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      View Details
    • Contact for pricing

      Mixed-Use Complex on Western Avenue

      Two-story mixed-use complex with high visibility on Western Avenue.
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      View Details
    • Contact for pricing

      Rancho Palos Verdes Retail Space

      Retail space in Rancho Palos Verdes neighborhood center.
      20 Miraleste Dr, Rancho Palos Verdes, CA 90275
      View Details
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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