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Property profile & analytics
OFF-MARKET
Theaters & concert halls
251 Main St Los Angeles, CA 90012-3707
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6495608
Property profile
Verified
Property type
Theaters & concert halls
Use group
THEATER (MOVIE)
Year built
1924
Construction
CONCRETE
Total area
8,344 SF
Lot
0.14 ac (6,169 SF)
Zoning code
LAC4
APN
5149-006-003
UPID
US09-6495608
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
by Request
Owner & transaction history
Lr 251 South Main Street LLC · 10 yrs held
Lr 251 South Main Street LLC
since 2015
7 recorded transactions
Zoning & alternative use
LAC4 · 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
—
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
$57,605
Tax year 2024
Assessed value
$4,642,338
Assessed 2024
Previous assessed
$4,642,338
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$4,584,312
Assessed improvement
$58,026
Applied tax rate
13.0000
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
Theaters & concert halls
Use group
THEATER (MOVIE)
Status
Off-Market
Year built
1924
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
8,344 SF
Lot
0.14 ac (6,169 SF)
Zoning code
LAC4
APN
5149-006-003
UPID
US09-6495608
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC4 · Los Angeles, CA
Zoning LAC4 · permitted uses
LAC4 · 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.
Building & site characteristics
From public records
Year built
1924
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Lr 251 South Main Street LLC
Entity
Mailing address
707 WILSHIRE BLVD STE #4700, LOS ANGELES, CA 90017-3601
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 3, 2021
—
Lr Main Street Prospect I LLC
—
Deed
related
$6,500,000 · Bank Leumi USA
Apr 26, 2021
—
Lr Main Street Prosepct I LLC
—
Deed
related
$18,625,000 · Bank Leumi USA
Dec 30, 2020
—
Lr Main Street Propspect I LLC
—
Deed
related
$4,100,000 · Bank Leumi USA
Jul 22, 2015
$4,000,000
Lr 251 South Main Street LLC
Main Entertainment LLC
Grant Deed
$12,850,000 · Preferred Bank
Dec 3, 2012
$1,100,000
Main Entertainment LLC
Fidelity National Title Co
Trustees Deed
related
—
Apr 14, 2008
—
Cinema Properties Group LLC
—
Trustees Deed
related
$750,000 · Placer Financial Group LLC
Aug 24, 2007
—
Cinema Properties Group LLC
—
Trustees Deed
related
$2,700,000 · Placer Financial Group LLC
May 26, 2006
—
Cinema Properties Group LLC
Kirst,james J JR & Sue A
Grant Deed
—
Apr 24, 2006
—
James J Kirst JR.
Kirst Family Trust
Quit Claim Deed
related
—
Jan 3, 2005
$1,500,010
Kirst Family Trust
Grace,roger & Jo-ann
Grant Deed
$1,350,000 · Roger & Jo-ann Grace
—
—
Main Entertainment LLC
—
Deed Of Trust
related
$700,000 · Proamerica Bank
—
—
Lr Main Street-prospect I
—
Deed Of Trust
related
$18,800,000 · Bank Leumi USA
—
—
Roger Grace
—
Deed Of Trust
related
$100,000 · Individual
Oct 21, 1960
—
—
—
Grant Deed
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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