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Property profile & analytics
FOR SALE
Warehouses
1176 Sunset Blvd, Los Angeles, CA 90012
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6456856
For Sale
1 / 11
$2,990,000
1176 Sunset Blvd, Los Angeles, CA 90012
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1982
Construction
TILT-UP CONCRETE
Total area
5,265 SF
Lot
0.16 ac (7,173 SF)
Zoning code
LAC2
APN
5405-027-023
UPID
US09-6456856
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
$3.48M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.34M
Blend (final)
Blend
$3.30M
Owner & transaction history
Renaissance La Properties LLC · 5 yrs held
Renaissance La Properties LLC
since 2020
Last sale
$3.3M
7 recorded transactions
Zoning & alternative use
LAC2 · Los Angeles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.3M
+194.2%
Auto repair, garage
$2.9M
+94.4%
Office building
$2.6M
+79.5%
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
$3,225,000
ML approach
$3,480,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$4,330,000
Change: +194% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,860,000
Change: +94% · Conversion: Easy
OFFICE BUILDING
$2,640,000
Change: +80% · Conversion: Difficult
MEDICAL BUILDING
$2,400,000
Change: +63% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,230,000
Change: +51% · Conversion: Moderate
RETAIL STORES
$2,160,000
Change: +47% · Conversion: Moderate
Blend value · Realmo final
$3.30M
Range $2.97M – $3.63M · ±10% · vs last sale $3.25M (Oct 6 2020)
Last sale anchor
$3.25M
Oct 6 2020
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
$627 / 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
$42,196
Tax year 2024
Assessed value
$3,448,926
Assessed 2024
Previous assessed
$3,448,926
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$2,653,020
Assessed improvement
$795,906
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Sale
Year built
1982
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
5,265 SF
Lot
0.16 ac (7,173 SF)
Zoning code
LAC2
APN
5405-027-023
UPID
US09-6456856
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
RESTAURANT
Est. value
$4.3M
AUTO REPAIR, GARAGE
Est. value
$2.9M
OFFICE BUILDING
Est. value
$2.6M
MEDICAL BUILDING
Est. value
$2.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.2M
RETAIL STORES
Est. value
$2.2M
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1982
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Renaissance La Properties LLC
Entity
Mailing address
700 S SANTA FE AVE2NDFL, LOS ANGELES, CA 90021-1796
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 6, 2020
$3,250,000
Renaissance La Properties LLC
1176 Sunset LLC
Grant Deed
$2,761,600 · Wells Fargo Bank NA
May 16, 2011
$825,000
1176 Sunset LLC
Lee,young S
Grant Deed
$507,000 · Bank Of America
May 15, 2006
$850,000
Young S Lee
Chan Living Trust
Grant Deed
$680,000 · Centerbank
Nov 3, 1993
—
Chan William
—
Deed Of Trust
related
—
—
—
Young S Dee
—
Deed Of Trust
related
$880,000 · Bank Of America
—
—
1176 Sunset LLC
—
Deed Of Trust
related
$5,380,000 · Bank Of America
—
—
Chan Trust
—
Deed Of Trust
related
$85,240 · Cathay Bank
—
—
Young S Lee
—
Deed Of Trust
related
$300,000 · Peter S J Shin
—
—
Chan Trust
—
Deed Of Trust
related
$190,000 · Cathay 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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