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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Commercial kitchens
1401 Martin Luther King Jr Blvd Los Angeles, CA 90062-1222
Entity Owned
9-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-7616909
Property profile
Verified
Property type
Commercial kitchens
Use group
TAKE-OUT RESTAURANT
Year built
1997
Construction
WOOD
Total area
2,211 SF
Lot
0.49 ac (21,428 SF)
Zoning code
LAC2
APN
5036-031-036
UPID
US09-7616909
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
-
Taco Bell Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$370k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$684k
Blend (final)
Blend
$530k
Owner & transaction history
Alvarado Development LLC · 9 yrs held
Alvarado Development LLC
since 2017
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
Method
Estimation
Statistic approach
by Request
ML approach
$370,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$530k
Range $477k – $583k · ±10%
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
$240 / 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
$25,717
Tax year 2024
Assessed value
$2,019,644
Assessed 2024
Previous assessed
$2,019,644
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$1,137,828
Assessed improvement
$881,816
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
Commercial kitchens
Use group
TAKE-OUT RESTAURANT
Status
Off-Market
Year built
1997
Construction
WOOD
Heating
NONE
Cooling
OTHER
Stories
1
Total area
2,211 SF
Lot
0.49 ac (21,428 SF)
Zoning code
LAC2
APN
5036-031-036
UPID
US09-7616909
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
1997
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.49 ac
Current owner
From public records · entity-resolved
Alvarado Development LLC
Entity
Free & Clear · 9 yrs held
Mailing address
5654 GREENWOOD PLZ BLVD, GREENWOOD VILLAGE, CO 80111-2310
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2017
—
Alvarado Dev LLC
—
Loan Modification
related
$215,000,000 · Citizens Bk
Jun 8, 2017
$1,775,000
Alvarado Development LLC
Simply Tacos INC
Grant Deed
—
May 10, 2010
—
Simply Tacos INC
—
Deed Of Trust
related
$3,900,000 · City National Bank
Nov 7, 2005
$1,021,345
Simply Tacos INC
Taco Bell Corp
Deed Of Trust
$3,500,000 · City National Bank
Jul 9, 2002
$914,545
Taco Bell Corp
Simply Tacos INC
Grant Deed
related
—
Jul 16, 1999
—
Simply Tacos INC
—
Deed Of Trust
related
—
Dec 29, 1995
$525,000
Taco Bell Corp
Lee,howard & Pauline M
Grant Deed
—
Oct 14, 1994
—
Howard Lee
California Korea Bank
Grant Deed
$112,000 · California Korea Bank
May 12, 1994
$183,951
California Korea Bank
Kang,shin D & Ky
Trustees Deed
related
—
Jul 28, 1989
$640,000
Kang Shin D&kyon
1031 Exchange
Trustees Deed
$320,000 · California Korea Bank
Jul 28, 1989
—
Kavinoky Martin
Kavin
Quit Claim Deed
related
—
Jul 28, 1989
$767,500
Kavinoky Martin
Colli
Trustees Deed
—
Mar 7, 1989
—
Albert Collins
Melton Nancy
Grant Deed
related
—
Jul 14, 1988
—
Nancy Melton
Melto
Quit Claim Deed
related
—
—
—
Nancy Melton
—
Deed Of Trust
related
$750,000 · Collins Albert&j
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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