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Property profile & analytics
OFF-MARKET
Estimated value
$1,905,000
Retail space
1000 Fairfax Ave West Hollywood, CA 90046-6103
Entity Owned
5-yr Hold
Free & Clear
Property ID
US09-8674359
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1971
Construction
TILT-UP CONCRETE
Total area
1,220 SF
Lot
0.05 ac (2,377 SF)
Zoning code
WDC1A*
APN
5530-012-023
UPID
US09-8674359
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
$2.01M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.15M
Blend (final)
Blend
$1.91M
Owner & transaction history
5616 Santa Monica LLC · 5 yrs held
5616 Santa Monica LLC
since 2021
Last sale
$2.3M
7 recorded transactions
Zoning & alternative use
WDC1A* · West Hollywood, 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 West Hollywood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Hollywood 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
$1,750,000
ML approach
$2,010,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.91M
Range $1.71M – $2.10M · ±10% · vs last sale $2.30M (Jul 16 2021)
Last sale anchor
$2.30M
Jul 16 2021
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
$1,561 / 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
$28,971
Tax year 2024
Assessed value
$2,392,920
Assessed 2024
Previous assessed
$2,392,920
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$1,976,760
Assessed improvement
$416,160
Applied tax rate
9.0000
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
1971
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
1,220 SF
Lot
0.05 ac (2,377 SF)
Zoning code
WDC1A*
APN
5530-012-023
UPID
US09-8674359
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
WDC1A* · West Hollywood, CA
Zoning WDC1A* · permitted uses
WDC1A* · West Hollywood, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Hollywood. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1971
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.05 ac
Current owner
From public records · entity-resolved
5616 Santa Monica LLC
Entity
Free & Clear · 5 yrs held
Mailing address
PO BOX 6233, BEVERLY HILLS, CA 90212-1233
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 16, 2021
$2,300,000
5616 Santa Monica LLC
Jmr Capital LLC
Grant Deed
—
Jan 13, 2020
$1,365,000
Jmr Capital LLC
Besner Max & Zila F/tr
Grant Deed
$780,000 · Rediger Investment Mortgage Fund
Jan 13, 2020
—
Besner,max & Zila Family Trust
Besner Zila
Affidavit Of Death
related
$110,000 · Kohen Lending LLC
Feb 3, 2006
—
Besner Zila Tr
Besner,max
Affidavit Of Death
related
—
Jul 5, 2005
—
Besner Max & Zila Trust
Besner Zila
Quit Claim Deed
related
—
—
—
Max Besner
—
Deed Of Trust
related
$20,000 · Cox Margaret A
—
—
Max Besner
—
Deed Of Trust
related
$35,000 · Hirsh Harry&toni
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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