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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Retail space
515 Molino St 1C Los Angeles, CA 90013-2225
Individually Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9340964
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1941
Construction
TILT-UP CONCRETE
Total area
2,130 SF
Lot
0.2 ac (8,689 SF)
Zoning code
LAM3
APN
5163-021-168
UPID
US09-9340964
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
-
Objective Real Estate Partners Property Investment Company
-
Iaffaldano, Shaw & Young LLP Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$655k
CAP Approach
CAP
$760k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$700k
Owner & transaction history
Phillip Allen Guthrie · 2 yrs held
Phillip Allen Guthrie
since 2023
Last sale
$720,000
4 recorded transactions
Zoning & alternative use
LAM3 · Los Angeles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.2M
+32.4%
Office building
$1.1M
+22.2%
Medical building
$970,000
+11.0%
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
$635,000
ML approach
$655,000
CAP Approach
CAP Return
Estimation
6%
$825,000
6.5%
$760,000
7%
$705,000
Alternative Use
Use
Estimation
RETAIL STORES
$875,000
Current use
AUTO REPAIR, GARAGE
$1,160,000
Change: +32% · Conversion: Difficult
OFFICE BUILDING
$1,070,000
Change: +22% · Conversion: Easy
MEDICAL BUILDING
$970,000
Change: +11% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$900,000
Change: +3% · Conversion: Moderate
Blend value · Realmo final
$700k
Range $630k – $770k · ±10% · vs last sale $720k (Oct 31 2023)
Last sale anchor
$720k
Oct 31 2023
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
$329 / 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
$29,996
Tax year 2024
Assessed value
$2,433,894
Assessed 2024
Previous assessed
$2,433,894
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$1,393,861
Assessed improvement
$1,040,033
Applied tax rate
15.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1941
Construction
TILT-UP CONCRETE
Heating
NONE
Total area
2,130 SF
Lot
0.2 ac (8,689 SF)
Zoning code
LAM3
APN
5163-021-168
UPID
US09-9340964
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAM3 · Los Angeles, CA
Zoning LAM3 · permitted uses
LAM3 · 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
RETAIL STORES Current
Est. value
$875,000
AUTO REPAIR, GARAGE
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$970,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$900,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1941
Construction
TILT-UP CONCRETE
Heating
NONE
Lot
0.2 ac
Current owner
From public records · entity-resolved
Phillip Allen Guthrie
Individual
Mailing address
3530 CLARINGTON AVE, LOS ANGELES, CA 90034-4998
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 24, 2025
—
Orep Molino LLC
—
Deed
related
$5,000,000 · City National Bank
Oct 31, 2023
$720,000
Phillip Allen Guthrie
Donald J Kula
Grant Deed
$470,000 · New American Funding
Nov 27, 2019
$7,000,000
Orep Molino LLC
Landmolino LLC
Grant Deed
$5,500,000 · Morgan Stanley Private Bank NA
Oct 22, 2014
—
Land Molino LLC
530 Hewitt Subsidiary LLC
Grant Deed
$1,830,000 · Wallis State Bank
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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