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Property profile & analytics
OFF-MARKET
Estimated value
$1,860,000
Office buildings
2203 Un Ave, Los Angeles, CA 90007-1842
Individually Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US10-0457853
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1970
Construction
TILT-UP CONCRETE
Total area
2,730 SF
Lot
0.06 ac (2,800 SF)
Zoning code
LAC2
APN
5124-001-003
UPID
US10-0457853
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
$1.91M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.16M
Blend (final)
Blend
$1.86M
Owner & transaction history
Andrea Gardner Apatow · 2 yrs held
Andrea Gardner Apatow
since 2023
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
LAC2 · Los Angeles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.5M
+8.3%
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
$1,830,000
ML approach
$1,910,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,370,000
Current use
AUTO REPAIR, GARAGE
$1,485,000
Change: +8% · Conversion: Difficult
MEDICAL BUILDING
$1,245,000
Change: -9% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,155,000
Change: -16% · Conversion: Difficult
RETAIL STORES
$1,120,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$1.86M
Range $1.67M – $2.05M · ±10% · vs last sale $1.85M (Aug 9 2023)
Last sale anchor
$1.85M
Aug 9 2023
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
$681 / 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
$22,560
Tax year 2024
Assessed value
$1,850,000
Assessed 2024
Previous assessed
$1,850,000
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$1,400,000
Assessed improvement
$450,000
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
1970
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
2,730 SF
Lot
0.06 ac (2,800 SF)
Zoning code
LAC2
APN
5124-001-003
UPID
US10-0457853
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC2 · Los Angeles, CA
Zoning LAC2 · permitted uses
LAC2 · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
RETAIL STORES
Est. value
$1.1M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1970
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
Andrea Gardner Apatow
Individual
Free & Clear · 2 yrs held
Mailing address
16133 VENTURA BLVD STE #700, ENCINO, CA 91436-2406
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 9, 2023
—
Andrea Gardner Apatow
Jennifer Gardner
Gift Deed
related
—
May 1, 2023
—
Andrea Gardner Apatow
Andrea Gardner Apatow
Intrafamily Transfer
related
—
Apr 19, 2023
—
Andrea Gardner Apatow
Andrea Gardner Apatow
Intrafamily Transfer
related
—
Jan 22, 2021
—
Apatow,lindsay Living Trust
Lindsay Apatow
Quit Claim Deed
related
—
Jan 14, 2021
—
Lindsay Apatow
Douglas M Apatow
Quit Claim Deed
related
—
Sep 1, 2015
$922,500
Gardner,a J Family Trust
Kirchart H W Living Trust
Grant Deed
—
Apr 29, 2014
—
Kirchart,heath W Living Trust
Kirchart,heath
Quit Claim Deed
related
—
Apr 17, 2013
$725,000
Heath Kirchart
Beck,theodore G
Grant Deed
—
Sep 12, 2005
—
Theodore G Beck
Warner,michael
Grant Deed
—
Nov 7, 1994
—
Michael Et Al Warner
—
Deed Of Trust
related
—
Mar 29, 1991
—
Labowe,ronald B Tr
—
Deed Of Trust
related
—
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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