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Property profile & analytics
OFF-MARKET
Theaters & concert halls
2811 Olympic Blvd Los Angeles, CA 90023-3411
Individually Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8313214
Property profile
Verified
Property type
Theaters & concert halls
Use group
DANCE HALL
Year built
1941
Construction
TILT-UP CONCRETE
Total area
10,963 SF
Lot
0.19 ac (8,449 SF)
Zoning code
LAC2
APN
5170-020-004
UPID
US09-8313214
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
-
Don Quixote Hotel & Motel Resort
-
Alice The Club Nightclub DJ & Entertainment
-
Burritos La Palma Restaurant
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
Steven Elliot Edelson · 6 yrs held
Steven Elliot Edelson
since 2019
6 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
$33,420
Tax year 2024
Assessed value
$2,680,500
Assessed 2024
Previous assessed
$2,680,500
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$632,597
Assessed improvement
$2,047,903
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
Theaters & concert halls
Use group
DANCE HALL
Status
Off-Market
Year built
1941
Construction
TILT-UP CONCRETE
Heating
NONE
Total area
10,963 SF
Lot
0.19 ac (8,449 SF)
Zoning code
LAC2
APN
5170-020-004
UPID
US09-8313214
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
1941
Construction
TILT-UP CONCRETE
Heating
NONE
Lot
0.19 ac
Current owner
From public records · entity-resolved
Steven Elliot Edelson
Individual
Mailing address
1216 E OJAI AVE, OJAI, CA 93023-3015
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 2, 2019
$2,500,000
Steven Elliot Edelson
Salvador L Quezada
Grant Deed
$1,500,000 · Preferred Bank
Feb 26, 2015
—
Serapia Quezada
Quezada Family Trust
Quit Claim Deed
related
—
Mar 1, 2005
—
Quezada Family Trust
Quezada,salvador M & Serapia L
Quit Claim Deed
related
—
Mar 1, 1971
—
—
—
Grant Deed
related
—
—
—
Salvador M Quezada
—
Deed Of Trust
related
$50,000 · Individual
—
—
Salvador M Quezada
—
Deed Of Trust
related
$200,000 · Robert Eisenstadt Trustee
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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