Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8364 Manitoba St Playa Del Rey, CA 90293-8767

    • Apartment buildings
    • 10,762 SF
    • 0.26 lot acres
    OFF-MARKET
    Last Sale
    Mar 21, 2023
    $4,000,000
    Value Estimations
    $3,985,000
    Show details
    Cap Rate Potential
    4.5%
    Apartment buildings
    Location Intelligence
    Property ID
    US10-0511382
    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.

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 8364 Manitoba St

    Year built
    1966
    Construction
    WOOD
    Lot size
    0.26 lot acres
    Property size
    10,762 SF
    Zone code
    LAR3
    Property type
    Apartment buildings
    APN
    4118-014-001
    APU
    4118014001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,820,000
      ML approach
      $4,120,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,885,000
      6.5%
      $2,665,000
      7%
      $2,475,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,914,000
      Market price range: $1.50M - $4.91M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $3,290,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $6,550,000
      Change: +99% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $4,980,000
      Change: +51% Conversion: Difficult
      MEDICAL BUILDING
      $4,890,000
      Change: +49% Conversion: Moderate
      OFFICE BUILDING
      $4,825,000
      Change: +47% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Playa Del Rey
    County
    Los Angeles
    State
    California
    Longitude
    -118.44
    Latitude
    33.9537
    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
    $54,124
    $3,499,666
    $874,915
    $4,374,581
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $32,720,000
      227,391 SF

      7600 Manchester Ave

      APARTMENT HOUSE (5+ UNITS) • 227,391 SF
      7600 Manchester Ave, Playa Del Rey, CA 90293-8451
      View Details
    • Value Estimation
      $1,620,000
      12,738 SF

      7605 Manchester Ave

      APARTMENT HOUSE (5+ UNITS) • 12,738 SF
      7605 Manchester Ave, Playa Del Rey, CA 90293-8476
      View Details
    • Value Estimation
      $1,365,000
      7,165 SF

      8692 Falmouth Ave, Unit 4

      APARTMENT HOUSE (5+ UNITS) • 7,165 SF
      8692 Falmouth Ave, Playa Del Rey, CA 90293-8220
      View Details
    • Value Estimation
      $1,065,000
      7,378 SF

      8056 Redlands St, Unit 7

      APARTMENT HOUSE (5+ UNITS) • 7,378 SF
      8056 Redlands St, Playa Del Rey, CA 90293-8324
      View Details
    • Value Estimation
      $2,130,000
      17,656 SF

      8664 Falmouth Ave

      APARTMENT HOUSE (5+ UNITS) • 17,656 SF
      8664 Falmouth Ave, Playa Del Rey, CA 90293-8607
      View Details
    • Value Estimation by Request
      2,628 SF

      6515 Vista Del Mar St

      Multifamily properties • 2,628 SF
      6515 Vista Del Mar St, Los Angeles, CA 90293
      View Details

    Similar Nearby for Sale

    • $3,600,000

      Playa Del Rey Apartments

      Well-maintained 11-unit apartment building near Playa Del Rey village.
      8346 Manitoba St, Venice, CA 90293
      View Details
    • $3,950,000

      Multifamily Investment Opportunity

      Two well-maintained properties with upside rent potential.
      8420 Gulana Ave, Venice, CA 90293
      View Details
    • $2,500,000

      Playa Del Rey Apartments

      Charming 7-unit apartment building near the beach.
      7736 Paseo Del Rey 7, Los Angeles, CA 90293
      View Details
    • $2,398,000

      Duplex with Panoramic Marina Views

      Duplex with unobstructed views, near Ballona Lagoon Park.
      6515 Vista Del Mar St, Los Angeles, CA 90293
      View Details
    • $1,795,000

      Duplex Near Playa Del Rey

      Duplex near the beach with upgrades and separate garages.
      116 Rees St, Venice, CA 90293
      View Details
    • $3,795,000

      Oceanfront Duplex in Playa Del Rey

      Oceanfront duplex in prime location with investment potential.
      7045 Trolleyway, Venice, CA 90293
      View Details

    Similar Nearby for Lease

    • $3,200 /Mo
      2,692 SF

      Playa del Rey Office Space

      Second-floor office space near the beach with 24-hour access.
      165 Culver Blvd, Playa del Rey, CA 90293
      View Details
    • $3,200 /Mo

      Culver City Specialty Property Available

      Specialty property available for rent in Los Angeles.
      165 Culver D, Los Angeles, CA 90293
      View Details
    • $9,500 /Mo
      1,742 SF

      Prime Retail Space Near Beach

      Versatile retail/office space near the beach in Playa del Rey.
      177 Culver Blvd, Playa del Rey, CA 90293
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    8364 Manitoba St
    Playa Del Rey, CA 90293-8767
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.