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Property profile & analytics
OFF-MARKET
Estimated value
$13,250,000
Hotels
2969 Wilshire Blvd Los Angeles, CA 90010-1104
Individually Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-9467016
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Construction
STEEL FRAME
Total area
20,634 SF
Lot
1.93 ac (84,116 SF)
Zoning code
LAC4
APN
5077-007-026
UPID
US09-9467016
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
-
Penelope Designs Hotel & Motel Resort
-
L.A. Celebrations & Events Event Planning Wedding Service
-
LA Celebrations Wedding Service
-
L.A. Celebrations Banquet Halls Event Planning Wedding Service
-
Dael Portable Toilet Rentals Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$13.25M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$13.25M
Owner & transaction history
Clinica Msr Oscar A Romero · 2 yrs held
Clinica Msr Oscar A Romero
since 2024
Last sale
$13.3M
1 recorded transaction
Zoning & alternative use
LAC4 · Los Angeles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$17.0M
+93.4%
Auto repair, garage
$11.2M
+27.8%
Office building
$10.4M
+18.0%
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
$13,250,000
ML approach
$13,250,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$8,775,000
Current use
RESTAURANT
$16,970,000
Change: +93% · Conversion: Difficult
AUTO REPAIR, GARAGE
$11,215,000
Change: +28% · Conversion: Difficult
OFFICE BUILDING
$10,355,000
Change: +18% · Conversion: Difficult
MEDICAL BUILDING
$9,400,000
Change: +7% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$8,740,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$8,470,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$13.25M
Range $11.93M – $14.58M · ±10% · vs last sale $13.25M (Mar 26 2024)
Last sale anchor
$13.25M
Mar 26 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
$642 / 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
$14,729
Tax year 2024
Assessed value
$1,022,334
Assessed 2024
Previous assessed
$1,022,334
+0.0% YoY
Effective rate
1.44%
On assessed value
Assessed land
$894,551
Assessed improvement
$127,783
Applied tax rate
6.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Hotels
Use group
HOTEL
Status
Off-Market
Construction
STEEL FRAME
Heating
NONE
Buildings
3
Stories
1
Total area
20,634 SF
Lot
1.93 ac (84,116 SF)
Zoning code
LAC4
APN
5077-007-026
UPID
US09-9467016
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC4 · Los Angeles, CA
Zoning LAC4 · permitted uses
LAC4 · 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
HOTEL/MOTEL Current
Est. value
$8.8M
RESTAURANT
Est. value
$17.0M
AUTO REPAIR, GARAGE
Est. value
$11.2M
OFFICE BUILDING
Est. value
$10.4M
MEDICAL BUILDING
Est. value
$9.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.7M
RETAIL STORES
Est. value
$8.5M
HOTEL/MOTEL Current
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
Construction
STEEL FRAME
Heating
NONE
Stories
1
Buildings
3
Lot
1.93 ac
Current owner
From public records · entity-resolved
Clinica Msr Oscar A Romero
Individual
Free & Clear · 2 yrs held
Mailing address
2032 MARENGO ST, LOS ANGELES, CA 90033-1319
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 26, 2024
$13,250,000
Clinica Msr Oscar A Romero
Town House Retail Center LP
Grant Deed
—
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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