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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Investment properties
1550 Colorado Blvd Los Angeles, CA 90041-1441
Individually Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7315512
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1925
Construction
WOOD
Total area
2,040 SF
Lot
0.09 ac (3,814 SF)
Zoning code
LAC4
APN
5689-018-009
UPID
US09-7315512
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
-
Boyer Cleaners (Bike/Boat/Book/etc) Store
-
Park Avenue Securities Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$635k
Comparable Approach
Comparable
$377k
Blend (final)
Blend
$575k
Owner & transaction history
Bryan Chong · 7 yrs held
Bryan Chong
since 2019
7 recorded transactions
Zoning & alternative use
LAC4 · Los Angeles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$930,000
+36.9%
Neighborhood: shopping center
$865,000
+27.3%
Retail stores
$840,000
+23.4%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$690,000
6.5%
$635,000
7%
$590,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$680,000
Current use
MEDICAL BUILDING
$930,000
Change: +37% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$865,000
Change: +27% · Conversion: Difficult
RETAIL STORES
$840,000
Change: +23% · Conversion: Easy
WAREHOUSE, STORAGE
$570,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$575k
Range $518k – $633k · ±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
$282 / 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
$14,776
Tax year 2024
Assessed value
$1,183,581
Assessed 2024
Previous assessed
$1,183,581
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$918,276
Assessed improvement
$265,305
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1925
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
1
Total area
2,040 SF
Lot
0.09 ac (3,814 SF)
Zoning code
LAC4
APN
5689-018-009
UPID
US09-7315512
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC4 · Los Angeles, CA
Zoning LAC4 · permitted uses
LAC4 · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$680,000
MEDICAL BUILDING
Est. value
$930,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$865,000
RETAIL STORES
Est. value
$840,000
WAREHOUSE, STORAGE
Est. value
$570,000
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
WAREHOUSE, STORAGE
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
1925
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
Bryan Chong
Individual
Mailing address
2749 CYGNET RD, PINON HILLS, CA 92372-9533
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 16, 2019
—
Bryan Chong
Chong,bryan
Quit Claim Deed
related
—
Mar 11, 1999
—
Bryan Chong
Chong,b
Quit Claim Deed
related
—
Feb 20, 1998
—
Bryan Chong
Chong-oh,e
Quit Claim Deed
related
—
Apr 8, 1996
$140,000
Ellen Chong-oh
Chong,chun M & Hyon S
Grant Deed
related
$140,000 · Seller
Jan 22, 1991
$146,363
Chun M Chong
Ord Thomas W
Grant Deed
—
—
—
Carol E Lusung
—
Deed Of Trust
related
$12,000 · Washington Mutual Fsb
—
—
Thomas Ord
—
Deed Of Trust
related
$7,500 · Individual
—
—
Bryan Chong
—
Deed Of Trust
related
$120,000 · Mirae Bank
—
—
Chun M Chong
—
Deed Of Trust
related
$138,000 · California Center Bank
—
—
Carol E Lusung
—
Deed Of Trust
related
$10,000 · Washington Mutual Fsb
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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