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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Turn key restaurants
1638 Las Palmas Ave Los Angeles, CA 90028-6112
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-8226922
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1925
Total area
5,392 SF
Lot
0.46 ac (20,238 SF)
Zoning code
LAP
APN
5547-014-044
UPID
US09-8226922
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
-
Scene Lounge Bar & Pub Nightclub
-
Rendezvous Restaurant
-
Liaison Restaurant + Lounge Nightclub Music Venue
-
Les Deux Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$405k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$660k
Blend (final)
Blend
$535k
Owner & transaction history
Cherokee Propco LLC · 1 yrs held
Cherokee Propco LLC
since 2024
7 recorded transactions
Zoning & alternative use
LAP · 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
$405,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$535k
Range $482k – $589k · ±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
$99 / 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
$50,102
Tax year 2024
Assessed value
$3,499,532
Assessed 2024
Previous assessed
$3,499,532
+0.0% YoY
Effective rate
1.43%
On assessed value
Assessed land
$3,479,807
Assessed improvement
$19,725
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1925
Heating
NONE
Buildings
2
Stories
1
Total area
5,392 SF
Lot
0.46 ac (20,238 SF)
Zoning code
LAP
APN
5547-014-044
UPID
US09-8226922
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAP · Los Angeles, CAZoning LAP · permitted uses
LAP · Los Angeles, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1925
Heating
NONE
Stories
1
Buildings
2
Lot
0.46 ac
Current owner
From public records · entity-resolved
Cherokee Propco LLC
Entity
Free & Clear · 1 yrs held
Mailing address
11661 SAN VICENTE BLVD STE #510, LOS ANGELES, CA 90049-5113
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Aug 14, 2024
—
Cherokee Propco LLC
J&j Hollywood LLC
Grant Deed
—
Jun 21, 2022
—
Cherokee Propco LLC
J&j Hollywood LLC
Grant Deed
—
Apr 21, 2022
—
Las Palmas Propco LLC
—
Deed
related
$21,188,375 · City National Bank
Sep 16, 2013
—
J & J Hollywood LLC
J & J Property Co LLC
Quit Claim Deed
—
Nov 21, 2007
—
J & J Property Co LLC
Simon John P Trust
Grant Deed
—
Nov 8, 2007
—
J & J Property Co LLC
Simon John P Trust
Grant Deed
related
—
Aug 20, 2007
—
J & J Property Co LLC
Simon Joseph E Trust
Grant Deed
—
Jan 11, 2007
—
Selby Richard W Tr
Simon,john P
Affidavit Of Death
related
—
Mar 16, 2006
—
Simon Joseph E Trust
Ullman Shari L Trust
Grant Deed
related
—
Feb 8, 2006
—
Simon John P Trust
Simon,john P
Quit Claim Deed
related
—
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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