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Property profile & analytics
OFF-MARKET
Specialty properties
1040 Grand Ave Los Angeles, CA 90015-1404
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US09-6487264
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
1917
Construction
TILT-UP CONCRETE
Total area
15,600 SF
Lot
0.18 ac (7,856 SF)
Zoning code
LAR5
APN
5139-010-005
UPID
US09-6487264
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
-
LA Grand Club Inc Nightclub DJ & Entertainment
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
Salar Family Investment LLC · 21 yrs held
Salar Family Investment LLC
since 2004
7 recorded transactions
Zoning & alternative use
LAR5 · 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
$20,448
Tax year 2024
Assessed value
$1,379,834
Assessed 2024
Previous assessed
$1,379,834
+0.0% YoY
Effective rate
1.48%
On assessed value
Assessed land
$1,315,458
Assessed improvement
$64,376
Applied tax rate
13.0000
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
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
Off-Market
Year built
1917
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
15,600 SF
Lot
0.18 ac (7,856 SF)
Zoning code
LAR5
APN
5139-010-005
UPID
US09-6487264
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAR5 · Los Angeles, CA
Zoning LAR5 · permitted uses
LAR5 · 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
1917
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.18 ac
Current owner
From public records · entity-resolved
Salar Family Investment LLC
Entity
Mailing address
1040 S GRAND AVE, LOS ANGELES, CA 90015-1404
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 2, 2004
—
Salar Family Investment LLC
Rafalian,behnam
Grant Deed
$1,200,000 · East West Invs
Aug 17, 2000
—
Behnam Rafalian
Rafalian,b
Quit Claim Deed
related
—
Dec 1, 1995
$35,501
Westwood Wholesale Electric Co
Rafalian,behnam
Trustees Deed
—
—
—
Behnam Rafalian
—
Deed Of Trust
related
$323,000 · Western Bank
—
—
Behnam Rafalian
—
Deed Of Trust
related
—
—
—
Behnam Rafalian
—
Deed Of Trust
related
$500,000 · So Grand Prop
—
—
Behnam Rafalian
—
Deed Of Trust
related
$90,000 · Westwood Wholesale Electric Co
—
—
Behnam Rafalian
—
Deed Of Trust
related
$1,227,266 · Western Bank
—
—
Behnam Rafalian
—
Deed Of Trust
related
$230,000 · Individual
—
—
Behnam Rafalian
—
Deed Of Trust
related
$385,000 · South Coast Commercial Bank
—
—
Salar Family Investment LLC
—
Loan Modification
related
$891,500 · East West Bk
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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