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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Assisted living facilities
1423 Manhattan Pl Los Angeles, CA 90019-4705
Individually Owned
20-yr Hold
~
Est. High Equity
Property ID
US09-6836663
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1971
Construction
WOOD
Total area
15,216 SF
Lot
0.3 ac (13,150 SF)
Zoning code
LAR2
APN
5073-008-007
UPID
US09-6836663
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
-
Mugunghwa Silvertown Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$585k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$557k
Blend (final)
Blend
$570k
Owner & transaction history
Soon B Choi · 20 yrs held
Soon B Choi
since 2006
7 recorded transactions
Zoning & alternative use
LAR2 · 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
$585,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$570k
Range $513k – $627k · ±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
$37 / 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
$33,431
Tax year 2024
Assessed value
$2,648,430
Assessed 2024
Previous assessed
$2,648,430
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$550,590
Assessed improvement
$2,097,840
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1971
Construction
WOOD
Heating
NONE
Stories
1
Bathrooms
55
Total area
15,216 SF
Lot
0.3 ac (13,150 SF)
Zoning code
LAR2
APN
5073-008-007
UPID
US09-6836663
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAR2 · Los Angeles, CA
Zoning LAR2 · permitted uses
LAR2 · 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
1971
Construction
WOOD
Heating
NONE
Stories
1
Bathrooms
55
Lot
0.3 ac
Current owner
From public records · entity-resolved
Soon B Choi
Individual
Mailing address
1423 S MANHATTAN PL, LOS ANGELES, CA 90019-4705
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2006
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
Mar 19, 2024
—
New Healthcare Management INC
—
Deed
related
$1,750,000 · Pcb Bank
Sep 26, 2019
—
New Healthcrea Management INC
—
Deed
related
$150,000 · Pacific City Bank
Feb 12, 2019
—
New Healthcare Management INC
—
Deed
related
$1,550,000 · Pacific City Bank
Jan 3, 2017
—
New Healthcare Management INC
—
Deed
related
$100,000 · Pacific City Bank
Apr 11, 2006
—
Soon B Choi
Choi,jai J
Quit Claim Deed
$1,820,000 · Centerbank
Apr 11, 2006
$425,000
Soon B Choi
Kwak,young A
Grant Deed
—
Sep 22, 2003
—
Soon B Choi
Choi,jai J & Soon B
Quit Claim Deed
related
—
Jul 17, 2003
—
Jai J Choi
Choi,soon B
Quit Claim Deed
related
—
Feb 21, 2003
—
Soon B Choi
Choi,jai J
Quit Claim Deed
related
—
Feb 21, 2003
$200,000
Soon B Choi
Choi,jai J & Soon B
Grant Deed
related
—
Jul 2, 2002
—
Jai J Choi
Lee,i H
Grant Deed
$1,050,000 · Mercantile National Bank
Mar 30, 1999
$535,000
Il H Lee
Perl Trust
Grant Deed
$425,000 · Seller
Aug 31, 1994
—
Perl,lily Trustee
Perl,l
Quit Claim Deed
related
—
—
—
New Healthcare Management INC
—
Deed Of Trust
related
$1,700,000 · Centerbank
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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