Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,760,000
Apartment buildings
743 24th Pl Hermosa Beach, CA 90254-2205
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8420133
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1962
Construction
WOOD
Total area
8,142 SF
Lot
0.19 ac (8,142 SF)
Zoning code
HBR3YY
APN
4184-016-013
UPID
US09-8420133
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
$2.67M
CAP Approach
CAP
$2.02M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.76M
Owner & transaction history
Manhattan Beach Modern LLC · 5 yrs held
Manhattan Beach Modern LLC
since 2021
Last sale
$2.9M
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
$2,620,000
ML approach
$2,665,000
CAP Approach
CAP Return
Estimation
6%
$2,185,000
6.5%
$2,015,000
7%
$1,870,000
Blend value · Realmo final
$2.76M
Range $2.48M – $3.04M · ±10% · vs last sale $2.88M (Mar 30 2021)
Last sale anchor
$2.88M
Mar 30 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
$339 / 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
$44,631
Tax year 2024
Assessed value
$3,928,919
Assessed 2024
Previous assessed
$3,928,919
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$3,382,295
Assessed improvement
$546,624
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
1962
Construction
WOOD
Heating
NONE
Units
10
Bathrooms
12
Total area
8,142 SF
Lot
0.19 ac (8,142 SF)
Zoning code
HBR3YY
APN
4184-016-013
UPID
US09-8420133
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
1962
Construction
WOOD
Heating
NONE
Units
10
Bathrooms
12
Lot
0.19 ac
Current owner
From public records · entity-resolved
Manhattan Beach Modern LLC
Entity
Mailing address
4635 VIA EL SERENO, TORRANCE, CA 90505-6301
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 30, 2021
—
Manhattan Beach Modern LLC
Marcia Whistler
Intrafamily Transfer
related
$2,862,500 · Commercial Bank Of Ca
Jan 22, 2018
—
Marcia Whistler
Leonard Schapira
Intrafamily Transfer
related
$2,620,000 · Bofi Federal Bank
Jul 7, 2017
—
Marcia Whistler
—
Grant Deed
related
$6,300,000 · Stuart Sackley
Feb 4, 2005
—
Marcia Whistler
Schapira,leonard L
Quit Claim Deed
related
—
Feb 4, 2005
$2,875,000
Marcia Whistler
Corry Robert S Trust
Grant Deed
$1,500,000 · World Savings
Jun 23, 2003
—
Corry,tr
Corry,robert S
Quit Claim Deed
related
—
—
—
Robert S Corry
—
Deed Of Trust
related
$50,000 · Individual
—
—
Robert S Corry
—
Deed Of Trust
related
$30,000 · Crestwood Mortgage
—
—
Marcia Whistler
—
Deed Of Trust
related
$1,000,000 · Peninsula Fin Corp
—
—
Robert S Corry
—
Deed Of Trust
related
$755,000 · American Savings Bank
—
—
Marcia Whistler
—
Deed Of Trust
related
$500,000 · Preferred Bank
—
—
Marcia Whistler
—
Deed Of Trust
related
$462,000 · Herman Way LLC
—
—
Marcia Whistler
—
Deed Of Trust
related
$80,000 · Jim Gallagher
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 743 24th Pl?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
