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Property profile & analytics
OFF-MARKET
Parking lots & garages
2040 7th Pl Los Angeles, CA 90021-1702
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7293487
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1942
Lot
0.36 ac (15,624 SF)
Zoning code
LAM3
APN
5166-014-001
UPID
US09-7293487
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Ai Violet LLC · 7 yrs held
Ai Violet LLC
since 2019
7 recorded transactions
Zoning & alternative use
LAM3 · 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
—
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
$81,327
Tax year 2024
Assessed value
$6,616,557
Assessed 2024
Previous assessed
$6,616,557
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$6,561,876
Assessed improvement
$54,681
Applied tax rate
15.0000
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1942
Heating
NONE
Lot
0.36 ac (15,624 SF)
Zoning code
LAM3
APN
5166-014-001
UPID
US09-7293487
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAM3 · Los Angeles, CA
Zoning LAM3 · permitted uses
LAM3 · 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
1942
Heating
NONE
Lot
0.36 ac
Current owner
From public records · entity-resolved
Ai Violet LLC
Entity
Mailing address
730 5TH AVE, NEW YORK, NY 10019-4105
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2019
$1,500,000
Ai Violet LLC
Sri Ten Santa Fe LLC
Grant Deed
—
Jul 14, 2017
—
Sri Ten Santa Fe LLC
—
Grant Deed
related
$120,000,000 · Hsbc Bk USA NA
Jan 24, 2008
—
2040 E 7th LLC
Kort Fred & Barbara Trust
Grant Deed
—
Aug 31, 2005
—
Kort Fred & Barbara Trust
Kort Fred Trust
Quit Claim Deed
related
—
Mar 9, 1992
—
Fred Kort
—
Deed Of Trust
related
—
Dec 23, 1991
—
Fred Kort
—
Deed Of Trust
related
—
Jan 17, 1989
$365,000
Toy Imperial
Green Acres Secu
Grant Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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