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Property profile & analytics
OFF-MARKET
Hospitals
1016 Record Ave Los Angeles, CA 90023-2533
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8577728
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
1966
Construction
WOOD
Total area
22,838 SF
Lot
0.83 ac (36,000 SF)
Zoning code
LAR4
APN
5239-019-033
UPID
US09-8577728
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
-
Buena Ventura Convalescent Nursing Home
-
H'FChimney&DryerVentCleaning General Contractor Renovation Specialist
-
Carolyn Kramer Physician
-
Costa Del Sol Healthcare Nursing Home
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
1016 South Record Avenue LLC · 3 yrs held
1016 South Record Avenue LLC
since 2022
Last sale
$14.0M
7 recorded transactions
Zoning & alternative use
LAR4 · Los Angeles, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$50,676
Tax year 2024
Assessed value
$2,884,823
Assessed 2024
Previous assessed
$2,884,823
+0.0% YoY
Effective rate
1.76%
On assessed value
Assessed land
$294,355
Assessed improvement
$2,590,468
Applied tax rate
1.0000
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
Hospitals
Use group
HOSPITAL - PRIVATE
Status
Off-Market
Year built
1966
Construction
WOOD
Heating
NONE
Stories
1
Total area
22,838 SF
Lot
0.83 ac (36,000 SF)
Zoning code
LAR4
APN
5239-019-033
UPID
US09-8577728
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAR4 · Los Angeles, CA
Zoning LAR4 · permitted uses
LAR4 · 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.
Building & site characteristics
From public records
Year built
1966
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.83 ac
Current owner
From public records · entity-resolved
1016 South Record Avenue LLC
Entity
Mailing address
6442 COLDWATER CYN AVE STE #100, NORTH HOLLYWOOD, CA 91606-1191
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 6, 2024
—
1016 South Record Avenue LLC
—
Deed
related
$30,712,000 · White Oak Healthcare Finance LLC
Aug 2, 2022
$14,000,000
1016 South Record Avenue LLC
Mek Associates LLC
Grant Deed
$75,650,000 · Ctr Partnership LP
Feb 16, 2022
—
Mek Associates LLC
—
Deed
related
$3,404,229 · Cathay Bank
Nov 30, 2016
—
Mek Associates LLC
—
Deed
related
$3,953,250 · Far East National Bank
Feb 7, 1997
—
B V General INC
Keh,e S & M M
Deed Of Trust
related
$5,620,000 · Nomura Asset Capital Corp
Nov 28, 1988
$1,743,000
Edmar Enterprise
Tde
Trustees Deed
—
Nov 28, 1988
$328,000
Tde
Will Preston D
Trustees Deed
related
—
—
—
Lawrence S Keh
—
Deed Of Trust
related
$65,000 · Individual
—
—
Edmar Enterprise
—
Deed Of Trust
related
$225,000 · Jack E & Rachel
—
—
Edward Keh
—
Deed Of Trust
related
$1,100,000 · Hgihland Fed Ban
—
—
Preston D Will
—
Deed Of Trust
related
$500,000 · Macri Inv
—
—
Mek Associates LLC
—
Deed Of Trust
related
$3,000,000 · Far East National 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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