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Property profile & analytics
FOR SALE
Warehouses
8432 Steller Dr Culver City, CA 90232
Individually Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7869846
For Sale
1 / 10
$20,000,000
8432 Steller Dr, Culver City, CA 90232
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1952
Construction
TILT-UP CONCRETE
Total area
24,245 SF
Lot
0.85 ac (37,133 SF)
Zoning code
CCM1YY
APN
4205-023-005
UPID
US09-7869846
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
by Request
CAP Approach
CAP
$5.63M
Comparable Approach
Comparable
$4.00M
Blend (final)
Blend
$5.39M
Owner & transaction history
Gregory J Toomey · 2 yrs held
Gregory J Toomey
since 2023
7 recorded transactions
Zoning & alternative use
CCM1YY · Culver City, 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 Culver City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Culver City 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%
$6,095,000
6.5%
$5,625,000
7%
$5,225,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$6,780,000
Current use
Blend value · Realmo final
$5.39M
Range $4.85M – $5.92M · ±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
$222 / 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
$225,320
Tax year 2024
Assessed value
$19,500,000
Assessed 2024
Previous assessed
$19,500,000
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$17,500,000
Assessed improvement
$2,000,000
Applied tax rate
3.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Sale
Year built
1952
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
24,245 SF
Lot
0.85 ac (37,133 SF)
Zoning code
CCM1YY
APN
4205-023-005
UPID
US09-7869846
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
CCM1YY · Culver City, CA
Zoning CCM1YY · permitted uses
CCM1YY · Culver City, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Culver City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$6.8M
WAREHOUSE, STORAGE Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1952
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.85 ac
Current owner
From public records · entity-resolved
Gregory J Toomey
Individual
Mailing address
2341 MICHIGAN AVE, SANTA MONICA, CA 90404-3907
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Sep 29, 2023
—
Gregory J Toomey
Martha Dyanne Czuzaktoomey
Intrafamily Transfer
related
$10,725,000 · Lone Oak Industries INC
Jun 21, 2022
—
Timothy Toomey
8432 Steller Drive LLC
Grant Deed
—
Nov 30, 2021
—
8432 Steller Drive LLC
—
Deed
related
$3,200,000 · Calprivate Bank
Oct 9, 2020
—
8432 Steller Drive LLC
—
Deed
related
$3,120,739 · Pacific Wstrn Bk
Dec 10, 2018
—
8432 Steller Drive LLC
—
Deed
related
$300,000 · Pacific Western National Bank
Jun 7, 2016
—
8432 Steller Drive LLC
—
Deed
related
$1,270,010 · California United Bank
Oct 6, 2011
—
8432 Steller Drive LLC
Toomey,gregory SR
Grant Deed
—
Sep 30, 2011
—
Gregory Toomey SR.
Toomey Gregory Trust
Quit Claim Deed
related
—
Mar 10, 2004
—
Toomey,tr
Toomey,gregory C
Quit Claim Deed
related
—
Oct 13, 1971
—
—
—
Grant Deed
related
—
—
—
Gregory C Toomey
—
Deed Of Trust
related
$535,000 · Bay Cities National Bank
—
—
8432 Steller Drive LLC
—
Loan Modification
related
$3,120,739 · Pacific Wstrn Bk
—
—
Toomey Gregory Trust
—
Deed Of Trust
related
$1,520,000 · Southern California Graphics C
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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