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    Property profile & analytics

    1246 Hope St Los Angeles, CA 90015-2121

    • Hotels
    • 49,668 SF
    • 0.32 lot acres
    OFF-MARKET
    Value Estimation
    $9,270,000
    Last Sale
    Dec 04, 2023
    $11,900,119
    Location Intelligence
    Property ID
    US09-6487254
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Morrison Hotel / Hotel

    Property Details for 1246 Hope St

    Year built
    1914
    Construction
    TILT-UP CONCRETE
    Lot size
    0.32 lot acres
    Property size
    49,668 SF
    Zone code
    LAR5
    Property type
    Hotels
    APN
    5139-022-006
    APU
    5139022006

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.265
    Latitude
    34.0396
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $172,388
    $10,597,429
    $2,788,796
    $13,386,225
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
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      939 Figueroa St

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    • Value Estimation by Request
      323,927 SF

      901 Olympic Blvd

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    • Value Estimation by Request
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      1100 Broadway

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      1100 Broadway, Los Angeles, CA 90015-2206
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      900 Olympic Blvd

      HOTEL • 108,464 SF
      900 Olympic Blvd, Los Angeles, CA 90015-1338
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    • Value Estimation by Request
      100,966 SF

      1020 Figueroa St

      HOTEL • 100,966 SF
      1020 Figueroa St, Los Angeles, CA 90015-1305
      View Details

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    1246 Hope St
    Los Angeles, CA 90015-2121
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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