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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Investment properties
2912 Vernon Ave Los Angeles, CA 90008-4757
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-6188286
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1929
Construction
WOOD
Total area
4,153 SF
Lot
0.08 ac (3,594 SF)
Zoning code
LAC2
APN
5014-012-004
UPID
US09-6188286
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
$515k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$405k
Blend (final)
Blend
$515k
Owner & transaction history
Mdlb Group LLC · 2 yrs held
Mdlb Group LLC
since 2024
Last sale
$515,000
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
Method
Estimation
Statistic approach
$515,000
ML approach
$515,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$515k
Range $464k – $567k · ±10% · vs last sale $515k (Apr 12 2024)
Last sale anchor
$515k
Apr 12 2024
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
$124 / 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
$9,321
Tax year 2024
Assessed value
$703,776
Assessed 2024
Previous assessed
$703,776
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$355,305
Assessed improvement
$348,471
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1929
Construction
WOOD
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Units
6
Bathrooms
2
Total area
4,153 SF
Lot
0.08 ac (3,594 SF)
Zoning code
LAC2
APN
5014-012-004
UPID
US09-6188286
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
1929
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Units
6
Bathrooms
2
Lot
0.08 ac
Current owner
From public records · entity-resolved
Mdlb Group LLC
Entity
Free & Clear · 2 yrs held
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Apr 12, 2024
—
Mdlb Group LLC
Lisa Floyd
Quit Claim Deed
related
—
Jan 19, 2024
—
Lisa Floyd
Dollina Floyd
Intrafamily Transfer
related
—
Oct 13, 2023
—
Dollina Floyd
Floyd Investment Holdings LLC
Intrafamily Transfer
related
—
May 4, 2023
—
Floyd Investment Holdings LLC
Dollina Floyd
Intrafamily Transfer
related
—
Mar 18, 2005
$515,000
Floyd Maru SR & Dollina Trust
Franklin,regan C & Laura C
Grant Deed
$350,000 · Union Bank Of California
Jul 24, 2003
$399,000
Regan C Franklin
Westervelt,michael Tr
Grant Deed
$229,600 · Professional Business Bank
Jul 11, 2003
—
Westervelt,tr
Westervelt,michael-louise
Quit Claim Deed
related
—
May 1, 2002
$200,000
Michael Westervelt
Bobo,reginald N & Lynson M
Grant Deed
$170,600 · Community Commerce Bank
Jul 28, 1989
$124,000
Bobo Reginald N
Kuentz La Vina R
Grant Deed
$81,000 · Community Thrift & Loan
—
—
Bobo Reginald N
—
Deed Of Trust
related
$64,500 · Security Pacific National Bank
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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