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Property profile & analytics
OFF-MARKET
Estimated value
$1,100,000
Office buildings
722 1st St Hermosa Beach, CA 90254-5250
Individually Owned
11-yr Hold
~
Est. High Equity
Property ID
US09-8005733
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2009
Construction
WOOD
Total area
4,112 SF
Lot
0.11 ac (4,905 SF)
Zoning code
HBC3*
APN
4188-027-056
UPID
US09-8005733
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
-
South Bay DIGS Advertising Agency Marketing & Advertising
-
PRO FORMA ADVISORS LLC Financial Advisor
-
South Bay Digs Magazine Publishing House
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.48M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.10M
Owner & transaction history
Alpay O Allen · 11 yrs held
Alpay O Allen
since 2014
7 recorded transactions
Zoning & alternative use
HBC3* · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,600,000
6.5%
$1,475,000
7%
$1,370,000
Blend value · Realmo final
$1.10M
Range $990k – $1.21M · ±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
$268 / 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
$19,701
Tax year 2024
Assessed value
$1,767,420
Assessed 2024
Previous assessed
$1,767,420
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$765,882
Assessed improvement
$1,001,538
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
2009
Construction
WOOD
Heating
NONE
Stories
3
Bathrooms
7
Total area
4,112 SF
Lot
0.11 ac (4,905 SF)
Zoning code
HBC3*
APN
4188-027-056
UPID
US09-8005733
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
HBC3* · Hermosa Beach, CA
Zoning HBC3* · permitted uses
HBC3* · 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
2009
Construction
WOOD
Heating
NONE
Stories
3
Bathrooms
7
Lot
0.11 ac
Current owner
From public records · entity-resolved
Alpay O Allen
Individual
Mailing address
PO BOX 4109, REDONDO BEACH, CA 90277-1745
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 27, 2014
$1,500,015
Alpay O Allen
Hermosa Lofts LLC
Grant Deed
$1,000,000 · Us Bank NA
Feb 11, 2010
$1,184,000
Hermosa Lofts LLC
Cg Bldg Grp LLC
Grant Deed
—
Dec 11, 2007
—
Cg Building Group LLC
Lane,gary M
Grant Deed
$1,325,000 · Vineyard Bank
Jul 27, 2006
—
Gary M Lane
Mar Canyon Hermosa Beach I LLC
Grant Deed
$377,000 · Vineyard Bank
Nov 17, 2004
—
Mar Canyon Hermosa Beach I LLC
Vasek & Anna Marie Polak Chari
Grant Deed
$1,317,000 · Bank Of America
Jan 19, 2001
—
Polak Vasek
Menzelos,s J Co-trustee
Grant Deed
related
—
May 28, 1997
$100,000
Polak Trust
Adkins,william J
Grant Deed
—
May 28, 1997
—
William J Adkins
Adkins,r M
Quit Claim Deed
related
—
—
—
Calvin H Maehl
—
Deed Of Trust
related
$460,900 · Countrywide Home Loans INC
—
—
Calvin H Maehl
—
Deed Of Trust
related
$556,000 · World Savings Bank
—
—
Cg Building Group LLC
—
Deed Of Trust
related
$100,000 · Bandini Beverly E Family Trust
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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