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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Investment properties
11111 Wilmington Ave Los Angeles, CA 90059-1243
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6346196
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1962
Construction
WOOD
Total area
1,787 SF
Lot
0.15 ac (6,501 SF)
Zoning code
LAC2
APN
6069-013-017
UPID
US09-6346196
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
-
Cali Kitchen Restaurant
-
The Cut 2 Barber Shop Barber Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$555k
Comparable Approach
Comparable
$381k
Blend (final)
Blend
$560k
Owner & transaction history
Backbone Investments INC · 1 yrs held
Backbone Investments INC
since 2024
Last sale
$625,000
7 recorded transactions
Zoning & alternative use
LAC2 · Los Angeles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$895,000
+67.5%
Medical building
$815,000
+52.1%
Neighborhood: shopping center
$755,000
+41.4%
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%
$605,000
6.5%
$555,000
7%
$515,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$535,000
Current use
OFFICE BUILDING
$895,000
Change: +68% · Conversion: Easy
MEDICAL BUILDING
$815,000
Change: +52% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$755,000
Change: +41% · Conversion: Difficult
RETAIL STORES
$735,000
Change: +37% · Conversion: Easy
WAREHOUSE, STORAGE
$500,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$560k
Range $504k – $616k · ±10% · vs last sale $625k (Aug 15 2024)
Last sale anchor
$625k
Aug 15 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
$313 / 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
$10,896
Tax year 2024
Assessed value
$830,000
Assessed 2024
Previous assessed
$830,000
+0.0% YoY
Effective rate
1.31%
On assessed value
Assessed land
$580,000
Assessed improvement
$250,000
Applied tax rate
6.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1962
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Buildings
2
Stories
1
Units
1
Bathrooms
1
Total area
1,787 SF
Lot
0.15 ac (6,501 SF)
Zoning code
LAC2
APN
6069-013-017
UPID
US09-6346196
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC2 · Los Angeles, CA
Zoning LAC2 · permitted uses
LAC2 · 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
COMMERCIAL (GENERAL) Current
Est. value
$535,000
OFFICE BUILDING
Est. value
$895,000
MEDICAL BUILDING
Est. value
$815,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$755,000
RETAIL STORES
Est. value
$735,000
WAREHOUSE, STORAGE
Est. value
$500,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
WAREHOUSE, STORAGE
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
1962
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Stories
1
Buildings
2
Units
1
Bathrooms
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
Backbone Investments INC
Entity
Mailing address
2100 S OCEAN BLVD APT 207N, PALM BEACH, FL 33480-5201
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 15, 2024
$625,000
Backbone Investments INC
Agi Logistics Holdings LLC
Grant Deed
$500,000 · Aol Logistics Holdings LLC
Aug 6, 2020
$525,000
Ni Consulting Group LLC
Rocky Patel
Grant Deed
$230,000 · Rocky & Bhavana R Patel
Mar 9, 2018
$82,500
Rocky Patel
Mahmud Ulkarim
Grant Deed
—
Oct 31, 2014
$355,000
Mahmud Ulkarim
Danco INC
Grant Deed
$280,000 · Danco
Oct 27, 2010
$140,000
Danco INC
Bayview Ln Svcg LLC
Grant Deed
—
Jul 26, 2010
—
Bayview Ln Svcg LLC
Seaside Trustee INC
Trustees Deed
related
—
Feb 1, 2008
—
Allen Hausey
Hausey,allen
Quit Claim Deed
related
$306,000 · Interbay Funding LLC
Apr 23, 2007
—
Allen Hausey
Hausey,allen
Quit Claim Deed
related
—
Aug 6, 1992
$50,000
Allen Hausey
Cannon,john C
Grant Deed
—
Jun 1, 1992
—
John C Cannon
—
Deed Of Trust
related
—
—
—
Allen Hausey
—
Deed Of Trust
related
$40,000 · Broadway Federal S & L
—
—
Allen Hausey
—
Deed Of Trust
related
$65,000 · Broadway Federal S & L
—
—
Mahmud Ulkarim
—
Deed Of Trust
related
$15,000 · Pumachandra R Ponguluri
—
—
Mahmud Ulkarim
—
Deed Of Trust
related
$15,000 · Vijay Yalaverthy
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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