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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Gas stations
1515 Martin Luther King Jr Blvd Los Angeles, CA 90062-1743
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US09-6505006
Property profile
Verified
Property type
Gas stations
Use group
SERVICE STATION WITH FOOD MART
Year built
1964
Total area
1,690 SF
Lot
0.42 ac (18,139 SF)
Zoning code
LAC2
APN
5036-030-034
UPID
US09-6505006
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
-
King's Auto Tech Inc Auto Repair Shop
-
KING JR GAS & MART Gas Station
-
Mlk Gas Station 0 Gas Station
-
Mlk C-Store Grocery & Convenience Store
-
BTC ATM, LLC Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$450k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$569k
Blend (final)
Blend
$510k
Owner & transaction history
Tran Truc And Company LLC · 8 yrs held
Tran Truc And Company 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
Method
Estimation
Statistic approach
by Request
ML approach
$450,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$510k
Range $459k – $561k · ±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
$302 / 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
$33,018
Tax year 2024
Assessed value
$2,649,354
Assessed 2024
Previous assessed
$2,649,354
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$2,231,037
Assessed improvement
$418,317
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
Gas stations
Use group
SERVICE STATION WITH FOOD MART
Status
Off-Market
Year built
1964
Heating
NONE
Stories
1
Total area
1,690 SF
Lot
0.42 ac (18,139 SF)
Zoning code
LAC2
APN
5036-030-034
UPID
US09-6505006
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
1964
Heating
NONE
Stories
1
Lot
0.42 ac
Current owner
From public records · entity-resolved
Tran Truc And Company LLC
Entity
Mailing address
1515 W MARTIN LUTHER KING JR BLVD, LOS ANGELES, CA 90062-1743
Mailing matches property
Yes
Owner-occupied
Yes
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 15, 2018
$2,375,000
Tran Truc And Company LLC
Jeff O Kern
Grant Deed
$582,500 · Jeff Kern
Sep 20, 2017
—
Jeff O Kern
—
Deed
related
$449,777 · Jizi Cui
Nov 23, 2011
$1,200,000
Jeff O Kern
Charlie Lee
Grant Deed
$1,320,000 · Open Bank
Jun 30, 2008
—
Charlie Lee
Lee,jung J
Quit Claim Deed
related
—
Jun 30, 2008
$1,330,000
Charlie Lee
As Royal Petrolium Corp
Grant Deed
—
Mar 20, 2007
—
As Royal Petroleum Corp
Lee,young J
Grant Deed
—
Dec 14, 2001
—
Young J Lee
Lee,j P
Quit Claim Deed
related
—
Dec 14, 2001
$600,545
Young J Lee
Ahl,david
Grant Deed
$635,000 · David Ahl
Feb 19, 1999
$200,000
Farhad Ahl
Yu,sang J & Jung B
Grant Deed
—
—
—
Charlie Lee
—
Deed Of Trust
related
$150,000 · Ipc (usa) INC
—
—
Young J Lee
—
Deed Of Trust
related
—
—
—
Young J Lee
—
Deed Of Trust
related
$60,000 · Min C Yoo
—
—
Young J Lee
—
Deed Of Trust
related
$650,000 · Saehan Bank
—
—
Jeff O Kern
—
Deed Of Trust
related
$449,777 · Jizi Cui
—
—
Charlie Lee
—
Deed Of Trust
related
$150,000 · Ipc (usa) INC
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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