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Property profile & analytics
OFF-MARKET
Estimated value
$29,130,000
Office buildings
1060 Hope St Los Angeles, CA 90015
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7114367
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1916
Construction
TILT-UP CONCRETE
Total area
88,395 SF
Lot
0.36 ac (15,785 SF)
Zoning code
LAR5
APN
5139-008-010
UPID
US09-7114367
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
by Request
CAP Approach
CAP
$34.43M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$29.13M
Owner & transaction history
Desmond Building Owner LLC · 7 yrs held
Desmond Building Owner LLC
since 2018
7 recorded transactions
Zoning & alternative use
LAR5 · Los Angeles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$48.1M
+8.3%
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%
$37,300,000
6.5%
$34,430,000
7%
$31,970,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$44,365,000
Current use
AUTO REPAIR, GARAGE
$48,050,000
Change: +8% · Conversion: Difficult
MEDICAL BUILDING
$40,270,000
Change: -9% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$37,435,000
Change: -16% · Conversion: Difficult
RETAIL STORES
$37,335,000
Change: -16% · Conversion: Moderate
Blend value · Realmo final
$29.13M
Range $26.22M – $32.04M · ±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
$330 / 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
$847,040
Tax year 2024
Assessed value
$69,118,434
Assessed 2024
Previous assessed
$69,118,434
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$11,155,189
Assessed improvement
$57,963,245
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1916
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
88,395 SF
Lot
0.36 ac (15,785 SF)
Zoning code
LAR5
APN
5139-008-010
UPID
US09-7114367
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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$44.4M
AUTO REPAIR, GARAGE
Est. value
$48.1M
MEDICAL BUILDING
Est. value
$40.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$37.4M
RETAIL STORES
Est. value
$37.3M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1916
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.36 ac
Current owner
From public records · entity-resolved
Desmond Building Owner LLC
Entity
Mailing address
2200 ROSS AVE STE #5200, DALLAS, TX 75201-2794
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 21, 2018
$63,200,000
Desmond Building Owner LLC
Aeg Desmond LLC
Grant Deed
—
Dec 9, 2015
$48,500,000
Aeg Desmond LLC
Desmond Venture LP
Grant Deed
—
Mar 22, 2013
$16,250,000
Desmond Venture LP
Merco Group-425 West 11th Stre
Grant Deed
—
Oct 28, 2005
$12,200,000
Merco Group-425 West 11th Stre
American Coml Equities LLC
Grant Deed
$7,000,000 · Imperial Capital Bank
Sep 22, 2005
—
Harkham Family Ents
425 West 11th Street LLC
Grant Deed
—
Sep 22, 2005
$854,000
Ords 425 11th LLC
Harkham Family Ents
Grant Deed
$845,000 · Harkham Family Ents LP
Aug 19, 2003
—
William A Silvers
Silvers,patricia L
Quit Claim Deed
$3,100,000 · Cathay Bank
—
—
Merco Group-425 West 11th
—
Deed Of Trust
related
$10,000,000 · Desmond Lender LLC
—
—
Merco Group-425 West 11th Stre
—
Deed Of Trust
related
$5,340,000 · East West Bank
—
—
Desmond Venture LP
—
Deed Of Trust
related
$23,700,000 · Us Bank NA
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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