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Property profile & analytics
OFF-MARKET
Estimated value
$15,115,000
Community centers
3976 Figueroa St Los Angeles, CA 90037-1222
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-7212095
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1989
Construction
WOOD
Total area
33,908 SF
Lot
1.11 ac (48,337 SF)
Zoning code
LAC2
APN
5037-032-040
UPID
US09-7212095
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
-
KyotoHibachiusa Restaurant
-
Malibu Cove Seafood Restaurant
-
Peach Garden Foods Restaurant
-
Food Culture Central Restaurant
-
Tres Guapos Tacos Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$13.65M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$15.12M
Owner & transaction history
Open Dthla Re Holdings LLC · 4 yrs held
Open Dthla Re Holdings LLC
since 2022
Last sale
$15.9M
7 recorded transactions
Zoning & alternative use
LAC2 · Los Angeles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$18.4M
+28.4%
Office building
$17.0M
+18.5%
Medical building
$15.4M
+7.6%
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 Los Angeles submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Los Angeles 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
$15,015,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$14,790,000
6.5%
$13,650,000
7%
$12,675,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$14,360,000
Current use
AUTO REPAIR, GARAGE
$18,430,000
Change: +28% · Conversion: Difficult
OFFICE BUILDING
$17,020,000
Change: +19% · Conversion: Moderate
MEDICAL BUILDING
$15,445,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$15.12M
Range $13.60M – $16.63M · ±10% · vs last sale $15.90M (Mar 30 2022)
Last sale anchor
$15.90M
Mar 30 2022
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
$446 / 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
$217,450
Tax year 2024
Assessed value
$16,542,360
Assessed 2024
Previous assessed
$16,542,360
+0.0% YoY
Effective rate
1.31%
On assessed value
Assessed land
$13,525,200
Assessed improvement
$3,017,160
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1989
Construction
WOOD
Heating
NONE
Buildings
2
Stories
1
Total area
33,908 SF
Lot
1.11 ac (48,337 SF)
Zoning code
LAC2
APN
5037-032-040
UPID
US09-7212095
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC2 · Los Angeles, CA
Zoning LAC2 · permitted uses
LAC2 · Los Angeles, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Los Angeles. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$14.4M
AUTO REPAIR, GARAGE
Est. value
$18.4M
OFFICE BUILDING
Est. value
$17.0M
MEDICAL BUILDING
Est. value
$15.4M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL BUILDING
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
1989
Construction
WOOD
Heating
NONE
Stories
1
Buildings
2
Lot
1.11 ac
Current owner
From public records · entity-resolved
Open Dthla Re Holdings LLC
Entity
Free & Clear · 4 yrs held
Mailing address
8801 E KELLOGG DR, WICHITA, KS 67207-1823
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2022
—
Open Dthla Re Holdings LLC
—
Deed
related
$20,000,000 · Hyundai Capital America
Mar 30, 2022
$15,900,000
Open Dthla Re Holdings LLC
Sgre Fig & Flowerinvestors 1 LLC
Grant Deed
—
May 5, 2020
—
Sgre Fig & Flower Invtrs I LLC
—
Deed
related
$17,500,000 · Raf Pacifica Loan Opportunity
May 1, 2019
$17,850,000
Sgre Fig & Flower Invtrs 1 LLC
Cast Real Property Holdings LP
Grant Deed
$17,500,000 · Raf Pacifica Loan Opportunit
Jun 10, 2015
—
Spectrum Group Real Estate
Cast Real Estate Holdings LP
Grant Deed
—
Apr 10, 2000
$988,000
Cast Real Estate Holdings LP
Denmarst Ltd
Grant Deed
related
—
Dec 5, 1988
—
Denmarst
—
Deed Of Trust
related
$3,100,000 · First Interstate Bank Californ
—
—
Denmarst Ltd
—
Deed Of Trust
related
$2,900,000 · First Interstate Bank Californ
—
—
Sgre Fig & Flower Invtrs I LLC
—
Loan Modification
related
$17,500,000 · Raf Pacifica Loan Opportunity
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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