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Property profile & analytics
OFF-MARKET
Retail space
2612 Martin Luther King Jr Blvd, Los Angeles, CA 90008-2745
Individually Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-6511186
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1945
Construction
WOOD
Total area
900 SF
Lot
0.05 ac (2,108 SF)
Zoning code
LAC2
APN
5023-023-019
UPID
US09-6511186
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
Nelson Asher · 4 yrs held
Nelson Asher
since 2021
Last sale
$440,004
7 recorded transactions
Zoning & alternative use
LAC2 · 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
$5,652
Tax year 2024
Assessed value
$457,776
Assessed 2024
Previous assessed
$457,776
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$343,332
Assessed improvement
$114,444
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1945
Construction
WOOD
Heating
NONE
Stories
1
Units
2
Total area
900 SF
Lot
0.05 ac (2,108 SF)
Zoning code
LAC2
APN
5023-023-019
UPID
US09-6511186
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.
Building & site characteristics
From public records
Year built
1945
Construction
WOOD
Heating
NONE
Stories
1
Units
2
Lot
0.05 ac
Current owner
From public records · entity-resolved
Nelson Asher
Individual
Free & Clear · 4 yrs held
Mailing address
9814 ALTMAN AVE, LOS ANGELES, CA 90034-2309
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 7, 2021
$440,000
Nelson Asher
Vahag Petrosyan
Grant Deed
—
Jan 22, 2016
$225,000
Vahag Petrosyan
Mkhitaryan,gagik
Grant Deed
—
Jan 22, 2016
—
Gagik Mkhitaryan
Stepanyan,ofelya
Quit Claim Deed
related
—
Oct 7, 2015
$204,000
Gagik Mkhitaryan
Martin,george L & Pamela J
Grant Deed
—
Jul 13, 2011
$77,000
George L Martin
Farmers & Merchants Bk Of Lng Bch
Grant Deed
—
Dec 3, 2010
$147,146
Farmers & Merchants Bk Of Lng Bch
Farmers & Merchants Trust Co
Trustees Deed
related
—
Jun 11, 2003
—
Pride,tr
Pride,charlotte
Quit Claim Deed
related
—
Dec 31, 2001
$40,909
Charlotte Pride
Davillier,tonya M
Grant Deed
related
—
Apr 13, 2000
$110,000
Davillier,tonya M
Perlstrin Trust
Trustees Deed
—
Feb 27, 1996
$47,449
Perlestein Trust
Wilson,gregory & Carolyn A
Trustees Deed
—
Jul 8, 1992
$109,681
Gregory Wilson
Perlstein Trust
Grant Deed
$40,000 · Seller
Sep 18, 1991
$126,076
Perlstein Trust
Patten,karen I
Trustees Deed
related
—
Nov 27, 1989
$6,000
May Washington
Green James R
Grant Deed
—
—
—
Tonya M Davillier
—
Deed Of Trust
related
$11,000 · Perlstein Trust
—
—
Tonya M Davillier
—
Deed Of Trust
related
—
—
—
Perlstein Trust
—
Deed Of Trust
related
$85,000 · 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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