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Property profile & analytics
OFF-MARKET
Theaters & concert halls
1605 Ivar Ave Los Angeles, CA 90028-6304
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US09-7331669
Property profile
Verified
Property type
Theaters & concert halls
Use group
THEATER (MOVIE)
Year built
1950
Construction
WOOD
Total area
8,151 SF
Lot
0.17 ac (7,350 SF)
Zoning code
LAC4
APN
5546-008-018
UPID
US09-7331669
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
-
Ivar Theatre Cinema Theater & Performing Art Venue
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
Ivar Theatre Partners LLC · 19 yrs held
Ivar Theatre Partners LLC
since 2007
7 recorded transactions
Zoning & alternative use
LAC4 · 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
$51,461
Tax year 2024
Assessed value
$3,845,974
Assessed 2024
Previous assessed
$3,845,974
+0.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$3,137,995
Assessed improvement
$707,979
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
Theaters & concert halls
Use group
THEATER (MOVIE)
Status
Off-Market
Year built
1950
Construction
WOOD
Heating
NONE
Cooling
YES
Buildings
2
Stories
2
Total area
8,151 SF
Lot
0.17 ac (7,350 SF)
Zoning code
LAC4
APN
5546-008-018
UPID
US09-7331669
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.
Building & site characteristics
From public records
Year built
1950
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Lot
0.17 ac
Current owner
From public records · entity-resolved
Ivar Theatre Partners LLC
Entity
Mailing address
1605 IVAR AVE, LOS ANGELES, CA 90028-6304
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 7, 2022
—
Ivar Theatre Partners LLC
—
Deed
related
$1,668,000 · Axiom Bank
Feb 14, 2007
$320,000
Ivar Theatre Partners LLC
California Youth Theater
Grant Deed
—
Mar 28, 2000
$1,400,000
California Youth Theater
Argus Properties INC
Grant Deed
$1,050,000 · Argus Properties INC
Jan 25, 1999
$1,034,111
Properties Argust
Eden Studios Los Angeles LLC
Trustees Deed
—
Feb 6, 1997
$1,000,000
Eden Studios Los Angeles LLC
Argus Properties INC
Grant Deed
$900,000 · Seller
Apr 25, 1996
$424,918
Argus Properties
Inner City Cultural Center
Trustees Deed
—
—
—
Inner City Cultu
—
Deed Of Trust
related
$500,000 · Argus Prop
—
—
Inner City Cultural Ctr
—
Deed Of Trust
related
$122,287 · Community Dev Commission
—
—
Ivar Theatre Partners LLC
—
Deed Of Trust
related
$2,700,000 · Bank Of America
—
—
California Youth Theatre INC
—
Deed Of Trust
related
$975,000 · California Infrastructure
—
—
California Youth Theatre INC
—
Deed Of Trust
related
$525,000 · California Infrastructure
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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