Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$5,755,000
Motels
1900 3rd St Los Angeles, CA 90057-2304
Individually Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9534468
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1966
Construction
WOOD
Total area
58,401 SF
Lot
0.97 ac (42,134 SF)
Zoning code
LAR4
APN
5154-027-029
UPID
US09-9534468
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
-
Step Up on West Third Social Service Agency Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.56M
Blend (final)
Blend
$5.76M
Owner & transaction history
Communities For A Better Life · 7 yrs held
Communities For A Better Life
since 2018
7 recorded transactions
Zoning & alternative use
LAR4 · 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.76M
Range $5.18M – $6.33M · ±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
$5,774
Tax year 2024
Assessed value
$32,809,382
Assessed 2024
Previous assessed
$32,809,382
+0.0% YoY
Effective rate
0.02%
On assessed value
Assessed land
$27,341,153
Assessed improvement
$5,468,229
Applied tax rate
12.0000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1966
Construction
WOOD
Heating
NONE
Stories
2
Units
137
Bathrooms
99
Total area
58,401 SF
Lot
0.97 ac (42,134 SF)
Zoning code
LAR4
APN
5154-027-029
UPID
US09-9534468
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAR4 · Los Angeles, CA
Zoning LAR4 · permitted uses
LAR4 · 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
1966
Construction
WOOD
Heating
NONE
Stories
2
Units
137
Bathrooms
99
Lot
0.97 ac
Current owner
From public records · entity-resolved
Communities For A Better Life
Individual
Mailing address
5862 W 3RD ST, LOS ANGELES, CA 90036-2837
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 30, 2025
—
West Third Apartments Preservation
—
Deed
related
$1,364,215 · City Of Los Angeles
Dec 28, 2018
$22,000,000
Communities For A Better Life
Royal Park Motel LP
Grant Deed
—
Dec 28, 2018
$30,000,000
West Third Apartments Preservarion
Communities For A Better Life
Grant Deed
$4,000,000 · Us Bank NA
Dec 26, 2013
$7,075,070
Royal Park Motel LP
New Hampshire Apartment INC
Grant Deed
$4,500,000 · Wilshire Bank
Jun 11, 2012
$6,451,000
New Hampshire Apt INC
Affordable Hsng Alternatives I
Grant Deed
—
Aug 20, 2004
—
Affordable Hsng Alternatives
Affordable Hsng Alternatives I
Quit Claim Deed
related
$2,400,000 · Wilshire State Bank
Mar 5, 1998
$2,100,000
Affordable Housing
Ingomar Properties LLC
Grant Deed
$1,974,000 · Seller
Nov 13, 1997
—
Props Ingomar
Security Natl,
Grant Deed
related
—
Mar 18, 1997
$845,113
Security National Partners LP
Liu,ming H
Trustees Deed
related
—
—
—
Affordable Housing Alternative
—
Deed Of Trust
related
$66,000 · Individual
—
—
New Hampshire Apartment INC
—
Deed Of Trust
related
$4,000,000 · Wilshire State Bank
—
—
Ingomar Properties LLC
—
Deed Of Trust
related
$1,256,000 · Ingomar LP
—
—
Affordable Housing Alternative
—
Deed Of Trust
related
$40,000 · Individual
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1900 3rd St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
