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Property profile & analytics
OFF-MARKET
Estimated value
$2,825,000
Motels
22617 Ventura Blvd Woodland Hills, CA 91364-1416
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8100624
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
2009
Construction
WOOD
Total area
40,853 SF
Lot
0.71 ac (31,106 SF)
Zoning code
LAC1.5
APN
2040-028-011
UPID
US09-8100624
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
$3.92M
Comparable Approach
Comparable
$3.24M
Blend (final)
Blend
$2.83M
Owner & transaction history
A & B Hospitality LLC · 12 yrs held
A & B Hospitality LLC
since 2013
7 recorded transactions
Zoning & alternative use
LAC1.5 · Woodland Hills, 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 Woodland Hills submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Woodland Hills 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%
$4,245,000
6.5%
$3,920,000
7%
$3,640,000
Blend value · Realmo final
$2.83M
Range $2.54M – $3.11M · ±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
$69 / 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
$151,313
Tax year 2024
Assessed value
$12,233,347
Assessed 2024
Previous assessed
$12,233,347
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$4,347,929
Assessed improvement
$7,885,418
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
2009
Construction
WOOD
Heating
NONE
Stories
1
Units
86
Bathrooms
21
Total area
40,853 SF
Lot
0.71 ac (31,106 SF)
Zoning code
LAC1.5
APN
2040-028-011
UPID
US09-8100624
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC1.5 · Woodland Hills, CA
Zoning LAC1.5 · permitted uses
LAC1.5 · Woodland Hills, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Woodland Hills. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2009
Construction
WOOD
Heating
NONE
Stories
1
Units
86
Bathrooms
21
Lot
0.71 ac
Current owner
From public records · entity-resolved
A & B Hospitality LLC
Entity
Mailing address
23146 HATTERAS ST, WOODLAND HILLS, CA 91367-4237
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
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
Jun 7, 2023
—
A & B Hospitality LLC
—
Deed
related
$3,586,297 · Patel Family Trust
Sep 18, 2013
—
A & B Hospitality LLC
Bhikhabhai A Patel
Quit Claim Deed
related
$6,700,000 · Starwood Mortgage Capital LLC
Mar 18, 2013
—
Patel Family Trust
Patel,bhikhabhai A & Shardaben B
Quit Claim Deed
related
—
Jun 27, 2007
—
Yoginee Patel Braslaw
Yoginee Patel Braslaw
Intrafamily Transfer
related
$1,945,000 · Temecula Valley Bank NA
Nov 12, 1999
—
Patel,yoginee B Trustee
Patel,b A & S B
Quit Claim Deed
related
—
Jul 25, 1989
$2,500,000
Patel Bhikhabhai
Cohe
Trustees Deed
related
$1,375,000 · United National Bank
Jul 25, 1989
$1,605,000
Wstrn Accommodat
Cohen Bob M And
Trustees Deed
related
—
—
—
Bhikhabhai A Patel
—
Deed Of Trust
related
$1,170,000 · Hanmi Bank
—
—
Patel Family Trust
—
Deed Of Trust
related
—
—
—
Patel Family Trust
—
Deed Of Trust
related
—
—
—
Bhikhabhai A Patel
—
Deed Of Trust
related
$95,700 · Us Small Business Admn
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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