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Property profile & analytics
OFF-MARKET
Estimated value
$5,645,000
Grocery and convenience stores
2323 Olympic Blvd Los Angeles, CA 90006-2011
Entity Owned
16-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7296211
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1962
Construction
TILT-UP CONCRETE
Total area
19,437 SF
Lot
1.65 ac (72,015 SF)
Zoning code
LAC2
APN
5136-015-027
UPID
US09-7296211
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
-
Northgate Market Grocery & Convenience Store Specialty Food Shop
-
Primo Water Refill Big Box & Wholesale Store
-
The Olympic Recording Studio
-
Rodeo Mexican Grill Restaurant
-
Coinstar Kiosk | Bitcoin ATM Atm Currency Exchange Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.94M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.65M
Owner & transaction history
Llr Investment LLC · 16 yrs held
Llr Investment LLC
since 2010
7 recorded transactions
Zoning & alternative use
LAC2 · Los Angeles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$8.9M
+11.0%
Neighborhood: shopping center
$8.2M
+3.2%
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%
$7,520,000
6.5%
$6,940,000
7%
$6,445,000
Alternative Use
Use
Estimation
RETAIL STORES
$7,980,000
Current use
MEDICAL BUILDING
$8,855,000
Change: +11% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$8,230,000
Change: +3% · Conversion: Moderate
COMMERCIAL (GENERAL)
$6,405,000
Change: -20% · Conversion: Easy
Blend value · Realmo final
$5.65M
Range $5.08M – $6.21M · ±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
$290 / 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
$119,428
Tax year 2024
Assessed value
$9,491,354
Assessed 2024
Previous assessed
$9,491,354
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$6,960,331
Assessed improvement
$2,531,023
Applied tax rate
12.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1962
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
OTHER
Stories
1
Total area
19,437 SF
Lot
1.65 ac (72,015 SF)
Zoning code
LAC2
APN
5136-015-027
UPID
US09-7296211
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
RETAIL STORES Current
Est. value
$8.0M
MEDICAL BUILDING
Est. value
$8.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.2M
COMMERCIAL (GENERAL)
Est. value
$6.4M
RETAIL STORES Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
1962
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.65 ac
Current owner
From public records · entity-resolved
Llr Investment LLC
Entity
Mailing address
1291 RIDGESIDE DR, MONTEREY PARK, CA 91754-3732
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
24 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 8, 2019
—
Llr Investment LLC
—
Deed
related
$4,750,000 · Wells Fargo Bank NA
May 27, 2010
—
Llr Investment LLC
Lee,kwang J & Byung S
Grant Deed
—
Mar 28, 2003
$6,700,000
Kwang J Lee
2323 West Olympic LLC
Grant Deed
$4,020,000 · Centerbank
Mar 28, 2003
—
Si O Rhew
Rhew,keum J
Quit Claim Deed
related
—
Mar 9, 2000
$2,929,088
2323 Olympic LLC
Park,hee P & Y H
Trustees Deed
—
Aug 10, 1989
$4,400,000
Pac States Unite
Amer Protection
Grant Deed
$2,400,000 · Hanmi Bank
Aug 10, 1989
$2,000,000
Park Hee P&nina
Pacif
Trustees Deed
related
—
Aug 10, 1989
—
Pacif
—
Trustees Deed
related
—
—
—
Hee P Park
—
Deed Of Trust
related
$725,000 · Olympian Discount Mart INC
—
—
Hee P Park
—
Deed Of Trust
related
$595,000 · Individual
—
—
Pac
—
Deed Of Trust
related
$100,000 · Aju Realty
—
—
Hee P Park
—
Deed Of Trust
related
$1,300,000 · California Center Bank
—
—
2323 West Olympic LLC
—
Deed Of Trust
related
—
—
—
2323 West Olympic LLC
—
Deed Of Trust
related
$3,000,000 · California Center Bank
—
—
Llr Investment LLC
—
Deed Of Trust
related
$3,461,332 · Bbu Bank
—
—
Hee P Park
—
Deed Of Trust
related
$2,990,000 · Hanmi Bank
—
—
Kwang J Lee
—
Deed Of Trust
related
$3,600,000 · Centerbank
—
—
H P Park
—
Deed Of Trust
related
$2,500,000 · Ssangyong INC
—
—
Hee P Park
—
Deed Of Trust
related
$2,600,000 · California Center Bank
—
—
Llr Investment LLC
—
Deed Of Trust
related
$4,500,000 · Bbu Bank
—
—
2323 West Olympic LLC
—
Deed Of Trust
related
$500,000 · Hanmi Bank
—
—
Hee P Park
—
Deed Of Trust
related
$1,000,000 · California Center Bank
—
—
2323 West Olympic LLC
—
Deed Of Trust
related
$3,000,000 · Hanmi Bank
—
—
Hee P Park
—
Deed Of Trust
related
$500,000 · Individual
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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