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Property profile & analytics
OFF-MARKET
Estimated value
$7,495,000
Car washes
1640 Martin Luther King Jr Blvd Los Angeles, CA 90062-1630
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6584383
Property profile
Verified
Property type
Car washes
Use group
CAR WASH
Year built
1964
Total area
6,947 SF
Lot
0.56 ac (24,206 SF)
Zoning code
LAC2
APN
5021-007-038
UPID
US09-6584383
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
-
Super Star Car Wash Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.98M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.76M
Blend (final)
Blend
$7.50M
Owner & transaction history
Sscw Mlk Hobart LLC · 4 yrs held
Sscw Mlk Hobart LLC
since 2022
Last sale
$8.5M
7 recorded transactions
Zoning & alternative use
LAC2 · Los Angeles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.7M
+51.3%
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
$6,830,000
ML approach
$6,975,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$5,715,000
Change: +51% · Conversion: Difficult
Blend value · Realmo final
$7.50M
Range $6.75M – $8.24M · ±10% · vs last sale $8.45M (Jun 7 2022)
Last sale anchor
$8.45M
Jun 7 2022
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
$1,079 / 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
$107,619
Tax year 2024
Assessed value
$8,791,380
Assessed 2024
Previous assessed
$8,791,380
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$7,282,800
Assessed improvement
$1,508,580
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
Car washes
Use group
CAR WASH
Status
Off-Market
Year built
1964
Heating
NONE
Stories
1
Bathrooms
3
Total area
6,947 SF
Lot
0.56 ac (24,206 SF)
Zoning code
LAC2
APN
5021-007-038
UPID
US09-6584383
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.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$5.7M
RESTAURANT
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
1964
Heating
NONE
Stories
1
Bathrooms
3
Lot
0.56 ac
Current owner
From public records · entity-resolved
Sscw Mlk Hobart LLC
Entity
Mailing address
960 W BEHREND DR STE #1, PHOENIX, AZ 85027-4406
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
25 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 4, 2025
—
Sscw Mlk Hobart LLC
—
Deed
related
—
Apr 1, 2024
—
Sscw Mlk Hobart LLC
—
Deed
related
—
Jun 7, 2022
$8,450,000
Sscw Mlk Hobart LLC
K & L North Hollywood Group LLC
Grant Deed
—
Apr 19, 2018
$3,800,000
K & L North Hollywood Group LLC
La Nastier LLC
Grant Deed
$2,300,000 · Pacific City Bank
May 19, 2017
—
La Nasher LLC
—
Deed
related
$500,000 · Alexander Ganelis
Apr 19, 2011
—
La Nasher LLC
King Holdings LLC
Deed In Lieu Of Foreclosure
related
—
Apr 21, 2009
$2,240,000
King Holdings LLC
Wilshire St Bk
Grant Deed
$1,344,000 · Wilshire State Bank
Mar 5, 2009
$1,564,552
St Bk Wilshire
Asset Foreclosure Svcs INC
Trustees Deed
related
—
Dec 6, 2004
—
Mlk Car Wash & Detail INC
Western & King Auto Care Ctr I
Grant Deed
$3,650,000 · Wilshire State Bank
Apr 1, 2003
—
Western Care
Daniel A B F INC
Grant Deed
$1,450,000 · Wilshire State Bank
Dec 22, 1999
$640,000
Daniel A B F INC
Kim,myung S
Grant Deed
—
Aug 10, 1998
—
Myung S Kim
Kim,c H
Quit Claim Deed
related
—
Aug 26, 1996
—
Myung S Kim
Kim,c H
Quit Claim Deed
related
—
—
—
La Nasher LLC
—
Deed Of Trust
related
$500,000 · Alexander Ganelis
—
—
Navid Nourmand
—
Deed Of Trust
related
$750,000 · All Century INC
—
—
Western Care
—
Deed Of Trust
related
$4,850,000 · Rescare INC
—
—
Mlk Car Wash & Detail INC
—
Deed Of Trust
related
$1,296,500 · Wilshire State Bank
—
—
Mlk Carwash & Detail INC
—
Deed Of Trust
related
$997,500 · Wilshire State Bank
—
—
Mlk Carwash & Detail INC
—
Deed Of Trust
related
$1,425,000 · Wilshire State Bank
—
—
Florence A S C INC
—
Deed Of Trust
related
$6,764,000 · Enterprise Mortgage Services
—
—
Chong H Kim
—
Deed Of Trust
related
$200,000 · Saehan Bank
—
—
La Nasher LLC
—
Deed Of Trust
related
$2,500,000 · Shoor Nasher Ltd
—
—
King Holdings LLC
—
Deed Of Trust
related
$167,500 · Joseph Youshaei
—
—
Chong H Kim
—
Deed Of Trust
related
$480,000 · Saehan Bank
—
—
Chong H Kim
—
Deed Of Trust
related
$150,000 · Saehan Bank
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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