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Property profile & analytics
OFF-MARKET
Estimated value
$5,090,000
Office buildings
2938 Westwood Blvd Los Angeles, CA 90064
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US10-0505669
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1969
Construction
TILT-UP CONCRETE
Total area
7,020 SF
Lot
0.25 ac (10,816 SF)
Zoning code
LAC2
APN
4254-002-018
UPID
US10-0505669
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
-
Brentwood Modern Dentistry Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.63M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.56M
Blend (final)
Blend
$5.09M
Owner & transaction history
2930 Westwood Blvd LLC · 3 yrs held
2930 Westwood Blvd LLC
since 2022
Last sale
$6.3M
6 recorded transactions
Zoning & alternative use
LAC2 · Los Angeles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.8M
+63.9%
Retail stores
$4.6M
+31.0%
Auto repair, garage
$3.8M
+8.3%
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
$5,090,000
ML approach
$4,630,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,525,000
Current use
RESTAURANT
$5,775,000
Change: +64% · Conversion: Moderate
RETAIL STORES
$4,615,000
Change: +31% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,815,000
Change: +8% · Conversion: Difficult
MEDICAL BUILDING
$3,200,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$5.09M
Range $4.58M – $5.60M · ±10% · vs last sale $6.30M (Dec 12 2022)
Last sale anchor
$6.30M
Dec 12 2022
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
$725 / 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
$78,142
Tax year 2024
Assessed value
$6,426,000
Assessed 2024
Previous assessed
$6,426,000
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$5,712,000
Assessed improvement
$714,000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1969
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Units
1
Total area
7,020 SF
Lot
0.25 ac (10,816 SF)
Zoning code
LAC2
APN
4254-002-018
UPID
US10-0505669
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC2 · Los Angeles, CAZoning 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
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$3.5M
RESTAURANT
Est. value
$5.8M
RETAIL STORES
Est. value
$4.6M
AUTO REPAIR, GARAGE
Est. value
$3.8M
MEDICAL BUILDING
Est. value
$3.2M
OFFICE BUILDING Current
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1969
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Units
1
Lot
0.25 ac
Current owner
From public records · entity-resolved
2930 Westwood Blvd LLC
Entity
Mailing address
PO BOX 641249, LOS ANGELES, CA 90064-6249
Ownership since
2022
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
Dec 12, 2022
$6,300,000
2930 Westwood Blvd LLC
Quadrant Properties LLC
Grant Deed
$3,150,000 · Mechanics Bank
Dec 12, 2022
—
2930 Westwood Blvd LLC
—
Deed
related
$2,578,000 · Business Finance Capital
Feb 8, 2012
$2,330,000
Quadrant Properties LLC
2930 Westwood Boulevard LLC
Grant Deed
$986,276 · Jpmorgan Chase Bank NA
Jul 18, 2003
$885,000
2930 Westwood Boulevard LLC
Carpenter Properties
Grant Deed
$619,500 · Bank Of America
Apr 13, 1995
—
Carpenter Properties
Carpenter Properties,
Quit Claim Deed
related
—
Jan 11, 1989
—
Duane Carpenter
Carpenter And Sm
Quit Claim 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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