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Property profile & analytics
OFF-MARKET
Estimated value
$9,620,000
Investment properties
1016 Sycamore Ave Los Angeles, CA 90038-2308
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-7277285
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1928
Construction
TILT-UP CONCRETE
Total area
26,730 SF
Lot
1.02 ac (44,574 SF)
Zoning code
LAMR1
APN
5532-030-010
UPID
US09-7277285
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
-
MTI Film Film Production Television Studio
-
A & I Color Laboratory Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.33M
Comparable Approach
Comparable
$6.91M
Blend (final)
Blend
$9.62M
Owner & transaction history
7007 Romaine Orange Square La LLC · 4 yrs held
7007 Romaine Orange Square La LLC
since 2022
7 recorded transactions
Zoning & alternative use
LAMR1 · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$9,020,000
6.5%
$8,325,000
7%
$7,735,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$14,530,000
Change: -13% · Conversion: Difficult
OFFICE BUILDING
$13,415,000
Change: -20% · Conversion: Easy
Blend value · Realmo final
$9.62M
Range $8.66M – $10.58M · ±10%
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
$360 / 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
$172,844
Tax year 2024
Assessed value
$13,525,200
Assessed 2024
Previous assessed
$13,525,200
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$12,172,680
Assessed improvement
$1,352,520
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1928
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
9
Total area
26,730 SF
Lot
1.02 ac (44,574 SF)
Zoning code
LAMR1
APN
5532-030-010
UPID
US09-7277285
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAMR1 · Los Angeles, CA
Zoning LAMR1 · permitted uses
LAMR1 · 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
AUTO REPAIR, GARAGE
Est. value
$14.5M
OFFICE BUILDING
Est. value
$13.4M
AUTO REPAIR, GARAGE
OFFICE 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
1928
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
9
Lot
1.02 ac
Current owner
From public records · entity-resolved
7007 Romaine Orange Square La LLC
Entity
Mailing address
PO BOX 131237, CARLSBAD, CA 92013-1237
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 14, 2022
—
7007 Romaine Orange Square La LLC
7007 W Romaine LLC
Grant Deed
$68,000,000 · Dbr Investments Co Limited
Dec 15, 2020
—
7007 W Romaine La LLC
—
Deed
related
$11,300,000 · Comerica Bk
Dec 21, 2018
—
7007 W Romaine La LLC
—
Grant Deed
related
$45,700,000 · Comerica Bk
Dec 19, 2018
—
Cim & 6904 Hollywood LLC
Skr Holdings LLC
Quit Claim Deed
$45,700,000 · Comerica Bank
Oct 20, 2017
—
1016 N Sycamore Ave La LLC
—
Loan Modification
related
$18,750,000 · Pacific Wstrn Bk
Mar 16, 2017
$17,000,000
1016 N Sycamore Ave La LLC
Ralco Orange
Grant Deed
$9,775,000 · Pacific Western National Bank
Sep 30, 1992
$3,300,000
Orange Ralco
Western Bank
Grant Deed
$2,475,000 · Western Bank
May 28, 1992
—
Western Bank
—
Deed Of Trust
related
—
Jan 26, 1989
$2,683,000
Ete Invs
Ziff Barry And E
Trustees Deed
$1,272,000 · Elkins George
—
—
Max T Faeth
—
Deed Of Trust
related
$1,600,000 · Ohio State Life
—
—
7007 W Romaine La LLC
—
Loan Modification
related
$11,300,000 · Comerica Bk
—
—
Ralco-orange
—
Deed Of Trust
related
$2,500,000 · Santa Monica Bank
—
—
Max T Faeth
—
Deed Of Trust
related
$1,050,000 · Western 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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