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Property profile & analytics
OFF-MARKET
Estimated value
$7,200,000
Hotels
2005 Highland Ave Los Angeles, CA 90068-3238
Entity Owned
15-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-6756339
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1976
Total area
71,449 SF
Lot
1.74 ac (75,614 SF)
Zoning code
LAR4
APN
5549-030-014
UPID
US09-6756339
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
-
Hilton Garden Inn Los Angeles/Hollywood Hotel & Motel
-
roosevelt Cinema Theater & Performing Art Venue
-
TGI Fridays (Hollywood) Restaurant
-
SP+ Parking Parking Lot & Garage
-
Universial Studios Tour Operator Campground & RV Park
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.81M
Blend (final)
Blend
$7.20M
Owner & transaction history
Rlj III-hgn Hollwood LP · 15 yrs held
Rlj III-hgn Hollwood LP
since 2010
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
$7.20M
Range $6.48M – $7.92M · ±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
$101 / 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
$468,952
Tax year 2024
Assessed value
$38,060,646
Assessed 2024
Previous assessed
$38,060,646
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$17,584,665
Assessed improvement
$20,475,981
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1976
Heating
NONE
Units
96
Bathrooms
288
Total area
71,449 SF
Lot
1.74 ac (75,614 SF)
Zoning code
LAR4
APN
5549-030-014
UPID
US09-6756339
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
1976
Heating
NONE
Units
96
Bathrooms
288
Lot
1.74 ac
Current owner
From public records · entity-resolved
Rlj III-hgn Hollwood LP
Entity
Free & Clear · 15 yrs held
Mailing address
7373 WISCONSIN AVE STE #1500, BETHESDA, MD 20814-3896
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2010
$29,350,000
Rlj III-hgn Hollwood LP
Highland & Franklin Hotel LP
Grant Deed
—
Mar 16, 2006
—
Highland & Franklin Hotel LLC
Wb Sunstone-hollywood LLC
Grant Deed
related
—
Sep 7, 2000
$9,500,000
Wb Sunstone-hollywood LLC
Impac Hotels H LLC
Grant Deed
$95,000,000 · Salomon Brothers Realty Corp
Mar 28, 1997
—
Impac Hotels II LLC
—
Grant Deed
related
$150,000,000 · Nomura Asset Capital Corp
Dec 30, 1996
$4,880,000
Impac Hotels II LLC
Apex Foundation Co Ltd
Grant Deed
related
$9,492,291 · Nomura Asset Capital Corp
—
—
Impac Hotels II
—
Deed Of Trust
related
$150,000 · Nomura Asset Capital Corp
—
—
Wb Sunstone-hollywood LLC
—
Deed Of Trust
related
—
—
—
Impac Hotels II
—
Deed Of Trust
related
$150,000 · Nomura Asset Capital Corp
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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