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Property profile & analytics
OFF-MARKET
Estimated value
$6,005,000
Retail space
2723 8th St, Los Angeles, CA 90005-1226
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9395954
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2009
Construction
TILT-UP CONCRETE
Total area
22,899 SF
Lot
0.43 ac (18,809 SF)
Zoning code
LAC2
APN
5077-020-026
UPID
US09-9395954
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
-
Equitas Academy #2 Middle School High School
-
미국배송가능 레플리카 (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.18M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.01M
Owner & transaction history
Equitas 2 LLC · 7 yrs held
Equitas 2 LLC
since 2018
7 recorded transactions
Zoning & alternative use
LAC2 · Los Angeles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$9.7M
+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%
$8,855,000
6.5%
$8,175,000
7%
$7,590,000
Alternative Use
Use
Estimation
RETAIL STORES
$9,400,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$9,700,000
Change: +3% · Conversion: Moderate
Blend value · Realmo final
$6.01M
Range $5.40M – $6.61M · ±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
$262 / 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
$115,210
Tax year 2024
Assessed value
$9,402,074
Assessed 2024
Previous assessed
$9,402,074
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$6,561,876
Assessed improvement
$2,840,198
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
2009
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
20
Bathrooms
20
Total area
22,899 SF
Lot
0.43 ac (18,809 SF)
Zoning code
LAC2
APN
5077-020-026
UPID
US09-9395954
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
$9.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$9.7M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
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
2009
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
20
Bathrooms
20
Lot
0.43 ac
Current owner
From public records · entity-resolved
Equitas 2 LLC
Entity
Mailing address
1700 W PICO BLVD, LOS ANGELES, CA 90015-2412
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 4, 2018
$397,000
Equitas 2 LLC
Pcsd 2723 West 8th Street LLC
Grant Deed
$20,000 · Wilmington Trust NA
Nov 14, 2014
—
Pcsd 2723 West 8th Street LLC
—
Grant Deed
related
$8,200,557 · Exed Facilities Xiii LLC
Jun 27, 2014
$4,300,000
Pcsd 2723 West 8th Street LLC
Crystal Plaza LLC
Grant Deed
—
Jun 12, 2008
—
Crystal Plaza LLC
—
Trustees Deed
related
$5,400,000 · California National Bank
Nov 15, 2006
$1,300,000
Crystal Plaza LLC
Pacific Bell Telephone
Grant Deed
$975,000 · California National Bank
—
—
Crystal Plaza LLC
—
Deed Of Trust
related
$3,000,000 · Hic Accptnc
—
—
Crystal Plaza LLC
—
Deed Of Trust
related
$5,025,343 · Us Bank NA
Sep 13, 1962
—
Pacific Bell S B Of E Par6 Map 279-
—
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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