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Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Turn key restaurants
1941 Florence Ave 1951 Los Angeles, CA 90001-2745
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8378474
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1989
Construction
TILT-UP CONCRETE
Total area
2,693 SF
Lot
0.57 ac (25,014 SF)
Zoning code
HPM3*
APN
6009-039-048
UPID
US09-8378474
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
-
New Testament Church of Christ Church
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$650k
Owner & transaction history
Atrekq INC · 6 yrs held
Atrekq INC
since 2019
7 recorded transactions
Zoning & alternative use
HPM3* · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$241 / 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
$25,193
Tax year 2024
Assessed value
$1,329,549
Assessed 2024
Previous assessed
$1,329,549
+0.0% YoY
Effective rate
1.89%
On assessed value
Assessed land
$701,707
Assessed improvement
$627,842
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
1989
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
OTHER
Stories
1
Units
1
Total area
2,693 SF
Lot
0.57 ac (25,014 SF)
Zoning code
HPM3*
APN
6009-039-048
UPID
US09-8378474
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
HPM3* · Los Angeles, CAZoning HPM3* · permitted uses
HPM3* · 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
1989
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
0.57 ac
Current owner
From public records · entity-resolved
Atrekq INC
Entity
Mailing address
2258 GLOAMING WAY, BEVERLY HILLS, CA 90210-1717
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 11, 2019
—
Atrekq INC
Atreko INC
Quit Claim Deed
related
$5,000,000 · Bank Of Hope
Aug 5, 2019
—
Atreko INC
Thomas Capital LLC
Quit Claim Deed
—
Jan 27, 2017
—
Thomas Cap Corp
A & S Trust
Quit Claim Deed
—
Jan 29, 2014
—
Atreko INC
Florence Plaza LLC
Quit Claim Deed
—
Jan 20, 2011
—
Florence Plaza LLC
Atreko INC
Grant Deed
—
Nov 30, 2009
—
A & S Trust
—
Deed Of Trust
related
$1,200,000 · Atreko INC
Apr 5, 2001
—
Khosrow Zarabi
Yashouafar,solyman
Grant Deed
related
—
Jul 23, 1998
—
Citiwide Investment Group LLC
Florence Plaza LLC
Grant Deed
$350,000 · Sloan Capital Partners LLC
Jul 24, 1997
—
Florence Plaza LLC
—
Deed Of Trust
related
—
Jul 22, 1997
—
Florence Plaza LLC
—
Deed Of Trust
related
—
—
—
Khosrow Zarabi
—
Deed Of Trust
related
$245,947 · Network Bank USA
—
—
A & S Trust
—
Deed Of Trust
related
$209,000 · Houshmand Zarabi
—
—
Atreko INC
—
Deed Of Trust
related
$4,700,000 · Wilshire Bk
—
—
Florence Plaza LLC
—
Deed Of Trust
related
—
—
—
Florence Plaza LLC
—
Deed Of Trust
related
—
—
—
A & S Trust
—
Deed Of Trust
related
$3,800,000 · Haim Gabay
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
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