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Property profile & analytics
OFF-MARKET
Estimated value
$1,300,000
Retail space
3055 7th St, Los Angeles, CA 90005-1434
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6532721
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1980
Construction
WOOD
Total area
6,454 SF
Lot
0.29 ac (12,707 SF)
Zoning code
LAC2
APN
5077-010-022
UPID
US09-6532721
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
-
BBQ garden Restaurant
-
La Flor de Mayo Market Grocery & Convenience Store
-
WOK BAR Restaurant
-
SJS Laundry (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.30M
Owner & transaction history
Myer Property LLC · 7 yrs held
Myer Property LLC
since 2019
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$201 / 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
$19,909
Tax year 2024
Assessed value
$1,573,313
Assessed 2024
Previous assessed
$1,573,313
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$738,643
Assessed improvement
$834,670
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1980
Construction
WOOD
Heating
NONE
Stories
1
Total area
6,454 SF
Lot
0.29 ac (12,707 SF)
Zoning code
LAC2
APN
5077-010-022
UPID
US09-6532721
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
1980
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Myer Property LLC
Entity
Mailing address
16145 CRESTLINE DR, LA MIRADA, CA 90638-3458
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 11, 2019
—
Myer Property LLC
Jong Myung Jo
Grant Deed
$300,000 · Pacific City Bank
Jun 14, 2017
—
Jo,jong M & Si J 2007 Trust
—
Deed
related
$300,000 · Bank Of Hope
Apr 5, 2017
—
Jo,jong M & Si J 2007 Trust
Jo Jong M & Si J 2007 Trust
Quit Claim Deed
related
—
Jun 12, 2007
—
Jo Jong M & Si J 2007 Trust
Jo,jong M & Si J
Quit Claim Deed
related
—
Aug 29, 2000
$1,065,000
Jong M Jo
Kim,john J & Soo H
Grant Deed
related
$650,000 · Pacific Union Bank
Jul 24, 1997
—
Soo H Kim
Kim,j J & S Trustees
Quit Claim Deed
related
—
Jul 21, 1994
—
Wsi Fund
Kim,p S & K J
Quit Claim Deed
related
—
—
—
John J Kim
—
Deed Of Trust
related
$410,000 · Bank Of America
—
—
Jo,jong M & Si J 2007 Trust
—
Deed Of Trust
related
$300,000 · Bank Of Hope
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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