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Property profile & analytics
OFF-MARKET
Estimated value
$9,225,000
Motels
1904 Olympic Blvd Los Angeles, CA 90006-3704
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US09-8170230
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1967
Construction
WOOD
Total area
19,396 SF
Lot
0.56 ac (24,499 SF)
Zoning code
LAR3
APN
5136-011-021
UPID
US09-8170230
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
-
Rodeway Inn Convention Center Hotel & Motel
-
Rodeway Inn L.A Convention Center Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.67M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.47M
Blend (final)
Blend
$9.23M
Owner & transaction history
Balaji Sai LLC · 3 yrs held
Balaji Sai LLC
since 2023
Last sale
$9.0M
7 recorded transactions
Zoning & alternative use
LAR3 · Los Angeles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$10.5M
+27.8%
Office building
$9.7M
+18.0%
Medical building
$8.8M
+7.1%
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
$9,235,000
ML approach
$9,665,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$8,245,000
Current use
AUTO REPAIR, GARAGE
$10,545,000
Change: +28% · Conversion: Difficult
OFFICE BUILDING
$9,735,000
Change: +18% · Conversion: Difficult
MEDICAL BUILDING
$8,835,000
Change: +7% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$8,215,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$7,965,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$9.23M
Range $8.30M – $10.15M · ±10% · vs last sale $9.00M (Jan 24 2023)
Last sale anchor
$9.00M
Jan 24 2023
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
$476 / 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
$112,889
Tax year 2024
Assessed value
$9,180,000
Assessed 2024
Previous assessed
$9,180,000
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$5,610,000
Assessed improvement
$3,570,000
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
1967
Construction
WOOD
Heating
NONE
Stories
3
Units
54
Total area
19,396 SF
Lot
0.56 ac (24,499 SF)
Zoning code
LAR3
APN
5136-011-021
UPID
US09-8170230
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAR3 · Los Angeles, CA
Zoning LAR3 · permitted uses
LAR3 · 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
HOTEL/MOTEL Current
Est. value
$8.2M
AUTO REPAIR, GARAGE
Est. value
$10.5M
OFFICE BUILDING
Est. value
$9.7M
MEDICAL BUILDING
Est. value
$8.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.2M
RETAIL STORES
Est. value
$8.0M
HOTEL/MOTEL Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1967
Construction
WOOD
Heating
NONE
Stories
3
Units
54
Lot
0.56 ac
Current owner
From public records · entity-resolved
Balaji Sai LLC
Entity
Mailing address
1904 W OLYMPIC BLVD, LOS ANGELES, CA 90006-3704
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 24, 2023
$9,000,000
Balaji Sai LLC
Sanraj LLC
Grant Deed
$4,750,000 · Pcb Bank
Jul 13, 2021
—
Sanraj LLC
Sanraj Corporation
Quit Claim Deed
related
—
Jan 29, 2018
—
Ditolla Living Trust
Ditolla,michael S
Quitclaim Deed
related
—
Nov 16, 2016
—
Sanraj Corporation
—
Deed
related
$4,000,000 · Hanmi Bank
Sep 14, 2001
—
—
Patel,c N & V
Grant Deed
related
—
Apr 8, 1999
$950,000
Chhaganbhai N Patel
—
Grant Deed
related
—
—
—
Sanraj Corp
—
Deed Of Trust
related
$2,000,000 · First Choice Bank
—
—
Sanraj Corp
—
Deed Of Trust
related
$200,000 · First Choice Bank
—
—
Sanraj Corp
—
Deed Of Trust
related
$265,000 · Bank Of Orange County
—
—
Sanraj Corp
—
Deed Of Trust
related
$850,000 · Zions First National Bank
—
—
Sanraj Corp
—
Deed Of Trust
related
$425,000 · Premier Commercial Bank NA
—
—
Chhaganbhai N Patel
—
Deed Of Trust
related
$937,000 · Crown American 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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