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Property profile & analytics
OFF-MARKET
Estimated value
$8,880,000
Office buildings
12121 Wilshire Blvd Los Angeles, CA 90025-1123
Entity Owned
15-yr Hold
Free & Clear
Property ID
US09-6341463
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1984
Construction
STEEL FRAME
Total area
295,319 SF
Lot
0.98 ac (42,904 SF)
Zoning code
LAC4
APN
4264-026-055
UPID
US09-6341463
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
-
Printers Company Marketing & Advertising Printing Service
-
Daniel R. Villegas Law Firm
-
Christensen & Plouff Land Surveying Mapping Service Surveyor
-
Webstyle Inc. Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Wilshire Bundy Plaza Property Management Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.88M
Owner & transaction history
LP De Landholdings · 15 yrs held
LP De Landholdings
since 2010
7 recorded transactions
Zoning & alternative use
LAC4 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$30 / 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
$1,549,670
Tax year 2024
Assessed value
$127,113,025
Assessed 2024
Previous assessed
$127,113,025
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$17,584,802
Assessed improvement
$109,528,223
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 (MULTI-STORY)
Status
Off-Market
Year built
1984
Construction
STEEL FRAME
Heating
NONE
Total area
295,319 SF
Lot
0.98 ac (42,904 SF)
Zoning code
LAC4
APN
4264-026-055
UPID
US09-6341463
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC4 · Los Angeles, CA
Zoning LAC4 · permitted uses
LAC4 · 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.
Building & site characteristics
From public records
Year built
1984
Construction
STEEL FRAME
Heating
NONE
Lot
0.98 ac
Current owner
From public records · entity-resolved
LP De Landholdings
Entity
Free & Clear · 15 yrs held
Mailing address
12121 WILSHIRE BLVD STE #1100, LOS ANGELES, CA 90025-1166
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 25, 2010
—
LP De Landholdings
Bundy Dimes LLC
Quit Claim Deed
related
—
Feb 21, 2007
—
Bunherst LLC
Wells Fargo Bank NA
Grant Deed
$10,000,000 · American General Life & Accident In
Mar 31, 2006
—
Wilbun 7 LLC
—
Deed Of Trust
related
$60,030,000 · Gmac Commercial Mortgage Bank
Jul 12, 2004
—
Mission Real Associates LLC
Civic Palm LLC
Grant Deed
related
—
Aug 15, 2003
—
Civic Palm LLC
Commonwealth Wilshire Corp
Grant Deed
related
—
Oct 26, 1999
$54,400,000
Wilshire Commonwealth
—
Grant Deed
related
—
Oct 16, 1998
—
Tiaa Realty
Teachers Ins Annuity Assn,
Grant Deed
related
—
Mar 29, 1996
$42,000,000
Insurance Teachers
Carlyle Real Estate LP-xiv
Trustees Deed
—
—
—
De 12121 Wilshire LP
—
Deed Of Trust
related
$110,000,000 · Bank Of The West
—
—
Wilbun 7 LLC
—
Deed Of Trust
related
$52,500,000 · Hsbc Realty Credit Corp USA
—
—
Civic Palm LLC
—
Deed Of Trust
related
$55,000,000 · Maya 7 LLC
—
—
Florain Weaver
—
Deed Of Trust
related
$40,000 · Philip E Lipo Truste
—
—
David F Roche
—
Deed Of Trust
related
$11,300 · Individual
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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