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Property profile & analytics
OFF-MARKET
Estimated value
$3,525,000
Motels
1371 Marine Ave Wilmington, CA 90744-2519
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US09-8041642
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1931
Construction
WOOD
Total area
5,202 SF
Lot
0.26 ac (11,116 SF)
Zoning code
LAC2
APN
7420-006-040
UPID
US09-8041642
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
$4.08M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.59M
Blend (final)
Blend
$3.53M
Owner & transaction history
Paya Sai Group LLC · 3 yrs held
Paya Sai Group LLC
since 2022
Last sale
$3.0M
7 recorded transactions
Zoning & alternative use
LAC2 · Wilmington, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.4M
+54.7%
Neighborhood: shopping center
$3.2M
+44.6%
Industrial (general)
$2.6M
+19.1%
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 Wilmington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wilmington 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
$3,965,000
ML approach
$4,075,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$2,190,000
Current use
RESTAURANT
$3,385,000
Change: +55% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,165,000
Change: +45% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,610,000
Change: +19% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,405,000
Change: +10% · Conversion: Difficult
MEDICAL BUILDING
$2,365,000
Change: +8% · Conversion: Difficult
OFFICE BUILDING
$2,335,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$3.53M
Range $3.17M – $3.88M · ±10% · vs last sale $3.00M (Jul 29 2022)
Last sale anchor
$3.00M
Jul 29 2022
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
$678 / 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
$37,720
Tax year 2024
Assessed value
$3,060,000
Assessed 2024
Previous assessed
$3,060,000
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$1,453,500
Assessed improvement
$1,606,500
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1931
Construction
WOOD
Heating
NONE
Buildings
3
Stories
1
Units
14
Bathrooms
13
Total area
5,202 SF
Lot
0.26 ac (11,116 SF)
Zoning code
LAC2
APN
7420-006-040
UPID
US09-8041642
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC2 · Wilmington, CA
Zoning LAC2 · permitted uses
LAC2 · Wilmington, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wilmington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$2.2M
RESTAURANT
Est. value
$3.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.2M
INDUSTRIAL (GENERAL)
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$2.4M
MEDICAL BUILDING
Est. value
$2.4M
OFFICE BUILDING
Est. value
$2.3M
HOTEL/MOTEL Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1931
Construction
WOOD
Heating
NONE
Stories
1
Buildings
3
Units
14
Bathrooms
13
Lot
0.26 ac
Current owner
From public records · entity-resolved
Paya Sai Group LLC
Entity
Mailing address
1371 N MARINE AVE, WILMINGTON, CA 90744-2519
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 29, 2022
$3,000,000
Paya Sai Group LLC
Easy Eagle Inn INC
Grant Deed
$2,000,000 · Pacific City Bank
Oct 29, 2021
—
Easy Eagle Inn INC
—
Deed
related
$1,000,000 · Nilesh Patel
Mar 2, 2007
—
Easy Eagle Inn INC
Patel,balavant M & Gita B
Grant Deed
—
Jun 2, 2003
$650,000
Belavant M Patel
Patel,tr
Grant Deed
related
$400,000 · Urmila S Patel
May 7, 2001
—
Ranchhodbhai L Patel
Pate,r L & S R
Quit Claim Deed
related
—
Sep 21, 1970
—
—
—
Grant Deed
related
—
—
—
Easy Eagle Inn INC
—
Loan Modification
related
$688,000 · Bbcn Bk
—
—
Easy Eagle Inn INC
—
Deed Of Trust
related
$400,000 · Kanchan Patel
—
—
Patel Ranchhodbh
—
Deed Of Trust
related
$200,000 · Sumitomo Bank
—
—
Balavant M Patel
—
Deed Of Trust
related
$600,000 · Kanchan Patel
—
—
Easy Eagle Inn INC
—
Deed Of Trust
related
$782,000 · Nara Bank
—
—
Ranchhodbhal L Patel
—
Deed Of Trust
related
$125,000 · Bank Of The West
—
—
Balavant M Patel
—
Deed Of Trust
related
$300,000 · Hansa Patel
—
—
Balavant M Patel
—
Deed Of Trust
related
$200,000 · Gandhi Family Trust
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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