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Property profile & analytics
OFF-MARKET
Banks
81 Pier Ave Hermosa Beach, CA 90254-3733
Entity Owned
9-yr Hold
Free & Clear
Property ID
US10-0060009
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1971
Construction
TILT-UP CONCRETE
Total area
3,972 SF
Lot
0.12 ac (5,389 SF)
Zoning code
HBC2YY
APN
4183-002-015
UPID
US10-0060009
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
-
Citi Bank Loan Service
-
Citi ATM Atm
-
Greenlife | Free Estimate | Concrete Contractor - Hermosa Beach Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Morningside Mb LLC · 9 yrs held
Morningside Mb LLC
since 2017
4 recorded transactions
Zoning & alternative use
HBC2YY · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$114,838
Tax year 2024
Assessed value
$10,752,481
Assessed 2024
Previous assessed
$10,752,481
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$9,174,316
Assessed improvement
$1,578,165
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1971
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
OTHER
Stories
1
Total area
3,972 SF
Lot
0.12 ac (5,389 SF)
Zoning code
HBC2YY
APN
4183-002-015
UPID
US10-0060009
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
HBC2YY · Hermosa Beach, CA
Zoning HBC2YY · permitted uses
HBC2YY · 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
1971
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
Morningside Mb LLC
Entity
Free & Clear · 9 yrs held
Mailing address
PO BOX 30508, TAMPA, FL 33630-3508
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 11, 2017
$9,450,000
Morningside Mb LLC
Schwab Robert & L Trust
Grant Deed
—
Oct 17, 2014
$7,750,000
Schwab,robert & L Family Trust|ahm Properties LLC
Cp Sunshine LLC
Grant Deed
—
Feb 4, 2014
$5,188,051
Cp Sunshine LLC
Citibank NA
Grant Deed
$147,883,516 · Spt Ca Fundings 2 LLC
Nov 13, 2002
—
Citibank Fsb
Citibank Fsb
Quit Claim 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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