Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$13,470,000
Hotels
1248 Figueroa St Los Angeles, CA 90015-1309
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6236909
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2023
Construction
CONCRETE
Total area
429,607 SF
Lot
0.36 ac (15,494 SF)
Zoning code
LAC2
APN
5138-025-028
UPID
US09-6236909
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
-
Galabo NCC Marketing & Advertising
-
Don Chente Bar and Grill Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$13.47M
Owner & transaction history
Lightstone Dtla LLC · 7 yrs held
Lightstone Dtla LLC
since 2018
7 recorded transactions
Zoning & alternative use
LAC2 · 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
$31 / 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
$1,521,847
Tax year 2024
Assessed value
$119,960,630
Assessed 2024
Previous assessed
$119,960,630
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$61,167,626
Assessed improvement
$58,793,004
Applied tax rate
13.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2023
Construction
CONCRETE
Heating
NONE
Stories
2
Units
727
Total area
429,607 SF
Lot
0.36 ac (15,494 SF)
Zoning code
LAC2
APN
5138-025-028
UPID
US09-6236909
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.
Building & site characteristics
From public records
Year built
2023
Construction
CONCRETE
Heating
NONE
Stories
2
Units
727
Lot
0.36 ac
Current owner
From public records · entity-resolved
Lightstone Dtla LLC
Entity
Mailing address
1985 CEDARBRIDGE AVE STE #1, LAKEWOOD, NJ 08701-7031
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
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
May 13, 2019
—
Lightstone Dtla LLC
—
Grant Deed
related
$355,000,000 · Ciff Investments LLP
Aug 31, 2018
$32,500,000
Lightstone Dtla LLC
Downtown Live LLC
Grant Deed
—
Sep 28, 2017
—
Downtown Live LLC
—
Grant Deed
related
$20,000,000 · Bank Of Hope
Feb 14, 2012
—
Downtown Live LLC
—
Deed Of Trust
related
$14,000,000 · Bbu Bank
Mar 17, 2009
$13,013,500
Downtown Live LLC
1248 Figueroa Street LLC
Grant Deed
$7,500,000 · 1248 Figueroa St LLC
Nov 10, 2008
—
1248 Figueroa Street LLC
Meruelo Living Trust
Grant Deed
—
May 20, 1988
$2,460,000
La City Tower
Bens
Grant Deed
$1,850,000 · Hansen Edward S&
—
—
Meruelo Trust
—
Deed Of Trust
related
$3,600,000 · Saehan Bank
—
—
Homero Meruelo
—
Deed Of Trust
related
$1,500,000 · Community Bank NA
—
—
Meruelo Living Trust
—
Deed Of Trust
related
$1,000,000 · Centerbank
—
—
Meruelo Living Trust
—
Deed Of Trust
related
$3,600,000 · Centerbank
—
—
Meruelo,tr
—
Deed Of Trust
related
$3,420,000 · Centerbank
—
—
Meruelo Living Trust
—
Deed Of Trust
related
$275,000 · East West 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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1248 Figueroa St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
