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Property profile & analytics
OFF-MARKET
Estimated value
$1,965,000
Hotels
10924 Broadway Los Angeles, CA 90061-2022
Entity Owned
~
Est. High Equity
Property ID
US09-7925444
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1928
Construction
WOOD
Total area
6,627 SF
Lot
0.29 ac (12,699 SF)
Zoning code
LAR4
APN
6074-014-056
UPID
US09-7925444
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
-
Economy Motel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.31M
Comparable Approach
Comparable
$2.31M
Blend (final)
Blend
$1.97M
Owner & transaction history
Riaan Hospitality LLC
Riaan Hospitality LLC
since 2025
Last sale
$2.1M
7 recorded transactions
Zoning & alternative use
LAR4 · Los Angeles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.0M
+7.1%
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%
$1,415,000
6.5%
$1,310,000
7%
$1,215,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$2,820,000
Current use
MEDICAL BUILDING
$3,020,000
Change: +7% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,805,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$2,720,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$1.97M
Range $1.77M – $2.16M · ±10% · vs last sale $2.13M (Jun 30 2025)
Last sale anchor
$2.13M
Jun 30 2025
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
$297 / 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
$17,861
Tax year 2024
Assessed value
$1,229,910
Assessed 2024
Previous assessed
$1,229,910
+0.0% YoY
Effective rate
1.45%
On assessed value
Assessed land
$491,962
Assessed improvement
$737,948
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1928
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Buildings
2
Stories
2
Units
19
Bathrooms
1
Total area
6,627 SF
Lot
0.29 ac (12,699 SF)
Zoning code
LAR4
APN
6074-014-056
UPID
US09-7925444
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.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$2.8M
MEDICAL BUILDING
Est. value
$3.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.8M
RETAIL STORES
Est. value
$2.7M
HOTEL/MOTEL Current
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
1928
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Stories
2
Buildings
2
Units
19
Bathrooms
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Riaan Hospitality LLC
Entity
Mailing address
10924 S BROADWAY, LOS ANGELES, CA 90061-2022
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2025
$2,125,000
Riaan Hospitality LLC
Dbk Motel INC
Grant Deed
$1,700,000 · Bbcn Bank
Nov 29, 2016
—
Dbk Motel INC
—
Deed
related
$823,000 · United Business Bank Fsb
Aug 18, 2004
$900,000
Dbk Motel INC
Patel,pravinkumar P & Savita P
Grant Deed
$630,000 · Nara Bank
Nov 28, 1994
—
Pravinkumar P Patel
Patel,a S & L A
Quit Claim Deed
related
—
Dec 28, 1993
$3,000
Ambalal S Patel
Patel,bravinkuma
Grant Deed
related
—
—
—
Pravinkuma Patel
—
Deed Of Trust
related
$114,000 · Highland Federal Bank
—
—
Pravinkimar P Patel
—
Deed Of Trust
related
$91,957 · Highland Federal Bank
—
—
Dbk Motel INC
—
Deed Of Trust
related
$495,000 · Nara 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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