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Property profile & analytics
OFF-MARKET
Turn key restaurants
2618 Martin Luther King Jr Blvd Los Angeles, CA 90008-2745
Entity Owned
Absentee Owner
Free & Clear
Property ID
US09-6501988
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Construction
WOOD
Total area
941 SF
Lot
0.14 ac (5,908 SF)
Zoning code
LAC2
APN
5023-023-018
UPID
US09-6501988
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
Macoy Capital Mortgage LLC
Macoy Capital Mortgage LLC
since 2026
Last sale
$485,004
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
$6,546
Tax year 2024
Assessed value
$514,685
Assessed 2024
Previous assessed
$514,685
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$382,034
Assessed improvement
$132,651
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Construction
WOOD
Heating
NONE
Stories
1
Total area
941 SF
Lot
0.14 ac (5,908 SF)
Zoning code
LAC2
APN
5023-023-018
UPID
US09-6501988
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
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Macoy Capital Mortgage LLC
Entity
Free & Clear · 0 yrs held
Mailing address
16655 CALLE ARBOLADA, PACIFIC PALISADES, CA 90272-1973
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 5, 2026
$362,448
Macoy Capital Mortgage LLC
C&m Development And Investments LLC
Trust Deed
related
—
May 13, 2024
—
C&m Development And Investments LLC
—
Deed
related
$290,000 · Macoy Capital Mortgage LLC
Aug 23, 2022
—
C And M Development And Investments
—
Deed
related
$310,000 · 2006 Springer Family Trust
Mar 2, 2022
—
C And M Development And Investments
—
Deed
related
$100,000 · 2006 Springer Family Trust
Jul 15, 2021
—
C And M Development And Investments
—
Deed
related
$100,000 · 2006 Springer Family Trust
Dec 24, 2020
$485,000
C & M Dev & Investments LLC
Magnum Prop Invs LLC
Grant Deed
—
Mar 10, 2020
$335,600
Magnum Prop Invs LLC
County Records Research I|jones,muriel
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Jan 28, 2020
—
Lisa Haney
Williams Family Trust
Quit Claim Deed
—
Jun 9, 2017
—
Williams Family Trust
Jones,muriel
Quit Claim Deed
—
Oct 16, 2014
$250,000
Muriel Jones
Chong Family Trust
Grant Deed
$230,214 · Chong Family Trust (pt)
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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