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Property profile & analytics
OFF-MARKET
Estimated value
$13,495,000
Medical Office Space
2970 Olympic Blvd, Los Angeles, CA 90006-2518
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9327699
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2011
Construction
TILT-UP CONCRETE
Total area
28,295 SF
Lot
0.7 ac (30,285 SF)
Zoning code
LAC2
APN
5078-017-023
UPID
US09-9327699
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
-
Chase ATM Atm
-
Korus Real Estate Real Estate Agency
-
Yong Jae Chung, DC Alternative Medicine Practice
-
Hair by Julianne Hair Salon
-
CK Plastic Surgery Spa & Massage Center Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.03M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$13.50M
Owner & transaction history
Mcdg Holding LLC · 5 yrs held
Mcdg Holding LLC
since 2021
Last sale
$15.3M
4 recorded transactions
Zoning & alternative use
LAC2 · Los Angeles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$15.4M
+19.3%
Office building
$14.2M
+10.2%
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
$13,200,000
ML approach
$9,030,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$12,890,000
Current use
AUTO REPAIR, GARAGE
$15,380,000
Change: +19% · Conversion: Difficult
OFFICE BUILDING
$14,200,000
Change: +10% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$11,985,000
Change: -7% · Conversion: Difficult
RETAIL STORES
$11,615,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$13.50M
Range $12.15M – $14.84M · ±10% · vs last sale $15.25M (Jan 26 2021)
Last sale anchor
$15.25M
Jan 26 2021
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
$477 / 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
$224,522
Tax year 2024
Assessed value
$18,358,898
Assessed 2024
Previous assessed
$18,358,898
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$10,930,442
Assessed improvement
$7,428,456
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 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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2011
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
28,295 SF
Lot
0.7 ac (30,285 SF)
Zoning code
LAC2
APN
5078-017-023
UPID
US09-9327699
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
MEDICAL BUILDING Current
Est. value
$12.9M
AUTO REPAIR, GARAGE
Est. value
$15.4M
OFFICE BUILDING
Est. value
$14.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$12.0M
RETAIL STORES
Est. value
$11.6M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
OFFICE 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
Year built
2011
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.7 ac
Current owner
From public records · entity-resolved
Mcdg Holding LLC
Entity
Mailing address
934 S LOS ANGELES ST STE #200, LOS ANGELES, CA 90015-1774
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 26, 2021
$15,250,000
Mcdg Holding LLC
Ejs Properties LLC
Grant Deed
$9,150,000 · Woori America Bank
Jun 6, 2012
—
Ejs Properties LLC
—
Deed Of Trust
related
$5,700,000 · Bbu Bank
Dec 17, 2004
—
Ejs Properties LLC
Suh,jin H
Grant Deed
related
—
—
—
Ejs Properties LLC
—
Deed Of Trust
related
$700,000 · Bbu 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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