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Property profile & analytics
OFF-MARKET
Estimated value
$4,225,000
Outlet malls
120 La Fayette Park Pl Los Angeles, CA 90057
Entity Owned
14-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-7861743
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1955
Construction
TILT-UP CONCRETE
Total area
17,571 SF
Lot
1.19 ac (51,960 SF)
Zoning code
LAP
APN
5155-015-014
UPID
US09-7861743
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.23M
Owner & transaction history
Realty Income Props 14 LLC · 14 yrs held
Realty Income Props 14 LLC
since 2011
7 recorded transactions
Zoning & alternative use
LAP · Los Angeles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$6,995,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$4.23M
Range $3.80M – $4.65M · ±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
$240 / 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
$70,774
Tax year 2024
Assessed value
$5,541,420
Assessed 2024
Previous assessed
$5,541,420
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$3,386,424
Assessed improvement
$2,154,996
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1955
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
17,571 SF
Lot
1.19 ac (51,960 SF)
Zoning code
LAP
APN
5155-015-014
UPID
US09-7861743
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAP · Los Angeles, CA
Zoning LAP · permitted uses
LAP · 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
Est. value
$7.0M
OFFICE BUILDING
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
1955
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
1.19 ac
Current owner
From public records · entity-resolved
Realty Income Props 14 LLC
Entity
Free & Clear · 14 yrs held
Mailing address
600 CITADEL DR, COMMERCE, CA 90040-1562
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2011
$4,504,500
Realty Income Props 14 LLC
Smart & Final Properties I LLC
Grant Deed
—
Jun 15, 2007
—
Smart & Final Properties I LLC
Smart & Final INC
Quit Claim Deed
$175,000,000 · Bank Of America
Jun 15, 2007
$3,700,000
Smart & Final INC
Wells Fargo Bank Northwest NA
Grant Deed
—
May 7, 2004
—
Wells Fargo Bank Northwest NA
Smart & Final INC
Grant Deed
related
—
Jun 17, 1997
$1,405,454
Smart & Final INC
Casino Realty INC
Grant Deed
—
Dec 29, 1993
$55,227
Casino Realty INC
Sun Life Assuran
Grant Deed
—
Aug 31, 1993
$3,132,973
Sun Life Assurance
Beverly Boulevar
Trustees Deed
—
—
—
Smart & Final INC
—
Deed Of Trust
related
—
—
—
Smart & Final INC
—
Deed Of Trust
related
—
—
—
Smart & Final INC
—
Deed Of Trust
related
—
—
—
Smart & Final INC
—
Deed Of Trust
related
—
—
—
Beverly Blvd Ass
—
Deed Of Trust
related
$2,200,000 · Sun Life Assurance Co Canada
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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