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Property profile & analytics
OFF-MARKET
Estimated value
$2,730,000
Manufacturing properties
2138 88th St Los Angeles, CA 90002
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9522531
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1949
Total area
25,119 SF
Lot
1.17 ac (51,117 SF)
Zoning code
LCM2*
APN
6045-018-028
UPID
US09-9522531
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
$2.73M
Owner & transaction history
Land & Warehouse LLC · 3 yrs held
Land & Warehouse LLC
since 2023
7 recorded transactions
Zoning & alternative use
LCM2* · 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
$109 / 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
$25,862
Tax year 2024
Assessed value
$1,632,863
Assessed 2024
Previous assessed
$1,632,863
+0.0% YoY
Effective rate
1.58%
On assessed value
Assessed land
$1,130,446
Assessed improvement
$502,417
Applied tax rate
1.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1949
Heating
NONE
Buildings
5
Stories
1
Units
3
Bathrooms
7
Total area
25,119 SF
Lot
1.17 ac (51,117 SF)
Zoning code
LCM2*
APN
6045-018-028
UPID
US09-9522531
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LCM2* · Los Angeles, CAZoning LCM2* · permitted uses
LCM2* · 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
1949
Heating
NONE
Stories
1
Buildings
5
Units
3
Bathrooms
7
Lot
1.17 ac
Current owner
From public records · entity-resolved
Land & Warehouse LLC
Entity
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 14, 2023
—
Land & Warehouse LLC
—
Deed
related
$3,000,000 · Lucia Sulaiman
Jun 13, 2023
—
Land & Warehouse LLC
Tommy Salim Toupan
Grant Deed
—
Dec 15, 2010
$1,300,000
Salim Family Trust
2138 East 88th Street LLC
Grant Deed
—
Jan 19, 2005
—
2138 E 88th Street LLC
Steve Mattes
Grant Deed
$750,000 · Lehman Brothers Bank Fsb
Apr 7, 2004
—
Steven Mattes
Industrial Assets Environmenta
Grant Deed
related
—
Jul 14, 1994
$100,000
Industrial Assets Environmenta
Tartan Industrie
Grant Deed
related
—
—
—
Salim Family Trust
—
Deed Of Trust
related
$2,000,000 · First General Bank
—
—
Tartan Industrie
—
Deed Of Trust
related
$8,480,000 · Comerica Bank
—
—
Johns
—
Deed Of Trust
related
$3,000,000 · 1169803 072688
—
—
Johns
—
Deed Of Trust
related
$3,000,000 · First Natl Bk Da
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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