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Property profile & analytics
OFF-MARKET
Estimated value
$8,645,000
Office buildings
2116 Arlington Ave Los Angeles, CA 90018-1336
Individually Owned
7-yr Hold
~
Est. High Equity
Property ID
US10-0476401
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1986
Construction
WOOD
Total area
32,098 SF
Lot
1.02 ac (44,240 SF)
Zoning code
LARD1.5
APN
5073-026-046
UPID
US10-0476401
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
-
Cassia Vocational School Training Center
-
Arlington Headquarters - The People Concern Charitable Organization Social Service Agency
-
Alexander Sones Physician
-
Angeline Loch Foster Care Service Social Service Agency
-
Courtney Procel Foster Care Service Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.65M
Owner & transaction history
People Concern · 7 yrs held
People Concern
since 2019
7 recorded transactions
Zoning & alternative use
LARD1.5 · 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
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$13,595,000
Change: -16% · Conversion: Difficult
RETAIL STORES
$13,180,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$8.65M
Range $7.78M – $9.51M · ±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
$269 / 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
$80,844
Tax year 2024
Assessed value
$6,371,840
Assessed 2024
Previous assessed
$6,371,840
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$4,266,858
Assessed improvement
$2,104,982
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1986
Construction
WOOD
Heating
NONE
Buildings
2
Stories
2
Total area
32,098 SF
Lot
1.02 ac (44,240 SF)
Zoning code
LARD1.5
APN
5073-026-046
UPID
US10-0476401
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LARD1.5 · Los Angeles, CAZoning LARD1.5 · permitted uses
LARD1.5 · Los Angeles, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$13.6M
RETAIL STORES
Est. value
$13.2M
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
1986
Construction
WOOD
Heating
NONE
Stories
2
Buildings
2
Lot
1.02 ac
Current owner
From public records · entity-resolved
People Concern
Individual
Mailing address
2116 ARLINGTON AVE STE #100, LOS ANGELES, CA 90018-1300
Mailing matches property
Yes
Owner-occupied
Yes
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 26, 2024
—
The People Concern
—
Deed
related
$9,000,000 · East West Bank
Aug 6, 2019
—
People Concern
—
Deed
related
—
Jul 31, 2019
—
People Concern
People Concern
Quit Claim Deed
related
$4,000,000 · First Republic Bk
Oct 20, 2017
—
Ocean Park Community Center
—
Grant Deed
related
$2,000,000 · First Republic Bk
Feb 15, 2017
$5,850,000
Ocean Park Community Center
Bethesda University
Grant Deed
—
Jan 22, 2015
$4,500,000
Bethesda University
Rne Capital LLC
Grant Deed
—
Aug 13, 2012
—
Rne Capital LLC
Los Angeles Smsa LP
Quit Claim Deed
related
—
Sep 22, 1998
—
Rne Capital LLC
—
Deed Of Trust
related
—
Dec 24, 1997
—
Englekirk Robert E Co Tr Et Al
—
Deed Of Trust
related
—
—
—
Englekirk Trust
—
Deed Of Trust
related
$3,000,000 · Union Bank
—
—
People Concern
—
Loan Modification
related
—
—
—
Ocean Park Community Center
—
Deed Of Trust
related
$5,500,000 · California Infrastructure & Ec
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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