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Property profile & analytics
OFF-MARKET
Apartment buildings
1533 Selby Ave Los Angeles, CA 90024-5732
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7106069
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1972
Construction
WOOD
Total area
7,050 SF
Lot
0.14 ac (6,256 SF)
Zoning code
LARD1.5
APN
4325-028-010
UPID
US09-7106069
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
-
NMS Selby Apartments Apartment Building
-
The Aster Apartment Building Furnished Apartment Building
-
Selby Los Angeles Apartments Travel Agency Vacation Rental
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
Smhc 23 LLC · 2 yrs held
Smhc 23 LLC
since 2023
7 recorded transactions
Zoning & alternative use
LARD1.5 · 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
$38,250
Tax year 2024
Assessed value
$3,090,000
Assessed 2024
Previous assessed
$3,090,000
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$930,000
Assessed improvement
$2,160,000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1972
Construction
WOOD
Heating
NONE
Units
6
Bathrooms
10
Total area
7,050 SF
Lot
0.14 ac (6,256 SF)
Zoning code
LARD1.5
APN
4325-028-010
UPID
US09-7106069
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LARD1.5 · Los Angeles, CA
Zoning LARD1.5 · permitted uses
LARD1.5 · 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
1972
Construction
WOOD
Heating
NONE
Units
6
Bathrooms
10
Lot
0.14 ac
Current owner
From public records · entity-resolved
Smhc 23 LLC
Entity
Mailing address
4751 WILSHIRE BLVD STE #110, LOS ANGELES, CA 90010-3838
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2023
$9,000,000
Smhc 23 LLC
1533 Selby Avenue LLC
Deed In Lieu Of Foreclosure
related
—
Nov 24, 2021
—
Adam Gts 2018 LLC
1533 Selby Avenue LLC
Grant Deed
$9,000,000 · Hankey Capital LLC
May 15, 2019
—
1533 Selby Avenue LLC
—
Grant Deed
related
$5,800,000 · A10 Cap
Mar 11, 2019
—
1533 Selby Avenue LLC
—
Deed
related
$2,275,000 · Hankey Cap
Jun 15, 2017
$2,525,000
1533 Selby Avenue LLC
Mortensen Capital LLC
Grant Deed
$2,275,000 · Hankey Cap
Dec 14, 2000
—
Mary M Mortensen
Mortensen,w S & N S Trustees
Quit Claim Deed
related
—
May 8, 1998
$416,000
Mortensen Trust
Jack D Bonter Estate
Grant Deed
related
—
—
—
Jack D Bonter
—
Deed Of Trust
related
$410,000 · Home Savings Of America
—
—
Jack D Bonter
—
Deed Of Trust
related
$50,000 · Western Financial Savings Bank
—
—
Jack D Bonter
—
Deed Of Trust
related
$180,000 · Western Financial Savings Bank
—
—
Jack D Bonter
—
Deed Of Trust
related
$100,000 · Western Financial Savings Bank
—
—
1533 Selby Avenue LLC
—
Loan Modification
related
$2,275,000 · Hankey Cap
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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