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Property profile & analytics
FOR LEASE
Turn key restaurants
12608 W Washington Blvd Los Angeles, CA 90232
Individually Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7362744
For Lease
1 / 5
Contact for pricing
12608 W Washington Blvd, Los Angeles, CA 90232
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Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1952
Construction
TILT-UP CONCRETE
Total area
1,917 SF
Lot
0.09 ac (3,737 SF)
Zoning code
CCC3YY
APN
4231-023-005
UPID
US09-7362744
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
-
Humble Potato Restaurant
-
Sunny Blue 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
by Request
Owner & transaction history
Michael Sarlo · 8 yrs held
Michael Sarlo
since 2017
7 recorded transactions
Zoning & alternative use
CCC3YY · 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
—
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
$12,157
Tax year 2024
Assessed value
$877,327
Assessed 2024
Previous assessed
$877,327
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$630,955
Assessed improvement
$246,372
Applied tax rate
12.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
For Lease
Year built
1952
Construction
TILT-UP CONCRETE
Heating
NONE
Total area
1,917 SF
Lot
0.09 ac (3,737 SF)
Zoning code
CCC3YY
APN
4231-023-005
UPID
US09-7362744
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
CCC3YY · Los Angeles, CA
Zoning CCC3YY · permitted uses
CCC3YY · 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
1952
Construction
TILT-UP CONCRETE
Heating
NONE
Lot
0.09 ac
Current owner
From public records · entity-resolved
Michael Sarlo
Individual
Mailing address
1842 WASHINGTON WAY, VENICE, CA 90291-4704
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 21, 2017
—
Michael Sarlo
Michael Sarlo
Intrafamily Transfer
related
$702,471 · First Republic Bank
Oct 15, 2013
$600,000
Atlantis Trust
Matteson,carmel A
Grant Deed
$450,000 · Grandpoint Bank
Jan 14, 2013
—
Carmel Matteson
Matteson,john H
Affidavit Of Death
related
$200,000 · Gordon H Hansen
May 24, 1993
$142,000
John Matteson
Mchose,george
Grant Deed
$87,571 · Individual
May 5, 1992
$71,000
George C Mchose
Scaccianoce,robe
Trustees Deed
$70,891
—
—
Robe Scaccianoce
—
Deed Of Trust
related
—
—
—
John Matteson
—
Deed Of Trust
related
$89,200 · Individual
—
—
Robe Scaccianoce
—
Deed Of Trust
related
$246,000 · Individual
—
—
John Matteson
—
Deed Of Trust
related
$27,000 · Individual
—
—
John H Matteson
—
Deed Of Trust
related
$250,000 · Bank Of America
—
—
Robe Scaccianoce
—
Deed Of Trust
related
$91,249 · 618 Guadalupe Lt
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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