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Property profile & analytics
OFF-MARKET
Estimated value
$4,425,000
Assisted living facilities
1904 Bailey St Los Angeles, CA 90033-1774
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7911489
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1964
Construction
WOOD
Total area
14,295 SF
Lot
0.54 ac (23,381 SF)
Zoning code
LAC2
APN
5175-032-024
UPID
US09-7911489
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
-
Mariscos El Rey Del Mar Restaurant
-
Mizban Nasser MD Physician
-
White Memorial Occupational Medical Clinic
-
Jimenez Lina E MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.30M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.46M
Blend (final)
Blend
$4.43M
Owner & transaction history
1904 Bailey Street LLC · 5 yrs held
1904 Bailey Street LLC
since 2021
Last sale
$4.6M
7 recorded transactions
Zoning & alternative use
LAC2 · Los Angeles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$7.2M
+82.8%
Medical building
$6.5M
+65.9%
Neighborhood: shopping center
$6.1M
+54.2%
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
$4,205,000
ML approach
$4,300,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$3,925,000
Current use
OFFICE BUILDING
$7,175,000
Change: +83% · Conversion: Difficult
MEDICAL BUILDING
$6,510,000
Change: +66% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$6,055,000
Change: +54% · Conversion: Difficult
RETAIL STORES
$5,870,000
Change: +50% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$4,045,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$4.43M
Range $3.98M – $4.87M · ±10% · vs last sale $4.60M (Apr 12 2021)
Last sale anchor
$4.60M
Apr 12 2021
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
$310 / 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
$57,343
Tax year 2024
Assessed value
$4,615,090
Assessed 2024
Previous assessed
$4,615,090
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$1,549,363
Assessed improvement
$3,065,727
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1964
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Bathrooms
20
Total area
14,295 SF
Lot
0.54 ac (23,381 SF)
Zoning code
LAC2
APN
5175-032-024
UPID
US09-7911489
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
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$3.9M
OFFICE BUILDING
Est. value
$7.2M
MEDICAL BUILDING
Est. value
$6.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.1M
RETAIL STORES
Est. value
$5.9M
INDUSTRIAL (GENERAL)
Est. value
$4.0M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
INDUSTRIAL (GENERAL)
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
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Bathrooms
20
Lot
0.54 ac
Current owner
From public records · entity-resolved
1904 Bailey Street LLC
Entity
Mailing address
5967 W 3RD ST STE #102, LOS ANGELES, CA 90036-2835
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 26, 2023
—
1904 Bailey Street LLC
—
Deed
related
$275,000 · American Business Bank
Jul 19, 2023
—
1904 Bailey Street LLC
—
Deed
related
$10,000,000 · American Business Bank
Apr 12, 2021
—
1904 Bailey Street LLC
1904 Bailey Street LLC
Intrafamily Transfer
related
—
Apr 9, 2021
—
1904 Bailey Street LLC
1904 Bailey Street LLC
Intrafamily Transfer
related
—
Apr 7, 2021
$4,598,000
Rcb Equities 1 LLC
Cordova Associates
Grant Deed
—
Aug 16, 1993
—
Cordova Associates
Cordova Dev Corp
Quit Claim Deed
related
$686,593 · Tokai Bank California
—
—
Cordo
—
Deed Of Trust
related
$600,000 · Tokai Bank California
—
—
Cordova Associates
—
Deed Of Trust
related
$1,490,000 · Citizens Business Bank
—
—
Cordova Associates
—
Deed Of Trust
related
$760,000 · Granite State 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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