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Property profile & analytics
OFF-MARKET
Estimated value
$3,290,000
Apartment buildings
1042 Cres Hts Blvd West Hollywood, CA 90046-6008
Individually Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9917385
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1922
Construction
WOOD
Total area
6,230 SF
Lot
0.3 ac (13,101 SF)
Zoning code
WDR3C*
APN
5529-024-004
UPID
US09-9917385
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
$3.29M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.26M
Blend (final)
Blend
$3.29M
Owner & transaction history
Yvonne Lee · 2 yrs held
Yvonne Lee
since 2024
Last sale
$3.3M
5 recorded transactions
Zoning & alternative use
WDR3C* · West Hollywood, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.1M
+198.2%
Commercial (general)
$4.5M
+162.2%
Retail stores
$4.1M
+135.9%
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
$3,290,000
ML approach
$3,290,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$5,125,000
Change: +198% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,505,000
Change: +162% · Conversion: Moderate
RETAIL STORES
$4,055,000
Change: +136% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,385,000
Change: +97% · Conversion: Difficult
OFFICE BUILDING
$3,125,000
Change: +82% · Conversion: Moderate
MEDICAL BUILDING
$2,840,000
Change: +65% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$2,640,000
Change: +54% · Conversion: Difficult
Blend value · Realmo final
$3.29M
Range $2.96M – $3.62M · ±10% · vs last sale $3.29M (Apr 29 2024)
Last sale anchor
$3.29M
Apr 29 2024
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
$528 / 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
$45,957
Tax year 2024
Assessed value
$3,667,822
Assessed 2024
Previous assessed
$3,667,822
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$3,346,555
Assessed improvement
$321,267
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1922
Construction
WOOD
Heating
NONE
Cooling
YES
Buildings
4
Units
8
Bathrooms
8
Total area
6,230 SF
Lot
0.3 ac (13,101 SF)
Zoning code
WDR3C*
APN
5529-024-004
UPID
US09-9917385
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
WDR3C* · West Hollywood, CA
Zoning WDR3C* · permitted uses
WDR3C* · 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.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$5.1M
COMMERCIAL (GENERAL)
Est. value
$4.5M
RETAIL STORES
Est. value
$4.1M
AUTO REPAIR, GARAGE
Est. value
$3.4M
OFFICE BUILDING
Est. value
$3.1M
MEDICAL BUILDING
Est. value
$2.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.6M
RESTAURANT
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1922
Construction
WOOD
Heating
NONE
Cooling
Yes
Buildings
4
Units
8
Bathrooms
8
Lot
0.3 ac
Current owner
From public records · entity-resolved
Yvonne Lee
Individual
Mailing address
450 E SILVERADO RNCH BLVD STE #120, LAS VEGAS, NV 89183-6207
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2024
—
Yvonne Lee
Johnny Chung Yin Chan
Intrafamily Transfer
related
—
May 3, 2018
$3,288,000
Benjamin Lee
Lew Living Trust
Grant Deed
—
Nov 4, 2002
—
Lew,paulita C Tr
Lew,p C Tr
Quit Claim Deed
related
—
—
—
Lew Trust
—
Deed Of Trust
related
$332,500 · East West Bank
Dec 3, 1965
—
—
—
Grant Deed
related
—
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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