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Property profile & analytics
OFF-MARKET
Estimated value
$12,075,000
Apartment buildings
6075 Franklin Ave Los Angeles, CA 90028-5566
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7271112
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1923
Construction
TILT-UP CONCRETE
Total area
47,544 SF
Lot
0.81 ac (35,248 SF)
Zoning code
LAR3
APN
5586-008-022
UPID
US09-7271112
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
-
Svelte Barbershop + Essentials Barber Shop
-
The Allison Apartment Building Apartment Complex
-
WE Improv Nightclub Theater & Performing Art Venue
-
Eleven Model Management Marketing & Advertising Employment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.02M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$16.12M
Blend (final)
Blend
$12.08M
Owner & transaction history
The Allison LLC · 3 yrs held
The Allison LLC
since 2023
Last sale
$12.0M
6 recorded transactions
Zoning & alternative use
LAR3 · Los Angeles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$19.5M
+39.2%
Commercial (general)
$14.2M
+1.6%
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
$11,240,000
ML approach
$9,020,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$14,025,000
Current use
RETAIL STORES
$19,520,000
Change: +39% · Conversion: Difficult
COMMERCIAL (GENERAL)
$14,240,000
Change: +2% · Conversion: Moderate
Blend value · Realmo final
$12.08M
Range $10.87M – $13.28M · ±10% · vs last sale $12.00M (Mar 29 2023)
Last sale anchor
$12.00M
Mar 29 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
$254 / 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
$153,921
Tax year 2024
Assessed value
$12,303,200
Assessed 2024
Previous assessed
$12,303,200
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$3,060,000
Assessed improvement
$9,243,200
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1923
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Units
70
Bathrooms
70
Total area
47,544 SF
Lot
0.81 ac (35,248 SF)
Zoning code
LAR3
APN
5586-008-022
UPID
US09-7271112
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAR3 · Los Angeles, CA
Zoning LAR3 · permitted uses
LAR3 · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$14.0M
RETAIL STORES
Est. value
$19.5M
COMMERCIAL (GENERAL)
Est. value
$14.2M
APARTMENT HOUSE (5+ UNITS) Current
RETAIL STORES
COMMERCIAL (GENERAL)
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
1923
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Units
70
Bathrooms
70
Lot
0.81 ac
Current owner
From public records · entity-resolved
The Allison LLC
Entity
Mailing address
5670 WILSHIRE BLVD STE #1036, LOS ANGELES, CA 90036-5792
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 29, 2023
$12,000,000
The Allison LLC
6075 Franklin Avenue LLC
Grant Deed
$100,000 · Jpmorgan Chase Bank NA
Mar 29, 2023
—
Roberta Lynn Axeirod
Lawrence Axeirod
Intrafamily Transfer
related
—
Aug 2, 2022
—
6075 Franklin Avenue LLC
Diane Cooper
Grant Deed
—
Jan 7, 2022
—
Diane Cooper
Paul S Cooper
Affidavit Death Of Trustee/successor Trustee
related
—
Nov 4, 1998
—
Cooper,paul S Trustee
Cooper,j D
Quit Claim Deed
related
—
Dec 31, 1990
—
Jacquelin Cooper
Cooper Joan L
Quit Claim Deed
related
$295,000 · Individual
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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