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Property profile & analytics
OFF-MARKET
Estimated value
$595,000
Investment properties
308 56th St Los Angeles, CA 90011-5130
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8575557
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1923
Construction
WOOD
Total area
2,824 SF
Lot
0.13 ac (5,656 SF)
Zoning code
LAR2
APN
5101-009-022
UPID
US09-8575557
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
$565k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$664k
Blend (final)
Blend
$595k
Owner & transaction history
Woo Pag Hyeun · 3 yrs held
Woo Pag Hyeun
since 2022
Last sale
$750,007
7 recorded transactions
Zoning & alternative use
LAR2 · Los Angeles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$790,000
+81.5%
Retail stores
$625,000
+43.5%
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
$595,000
ML approach
$565,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$435,000
Current use
WAREHOUSE, STORAGE
$790,000
Change: +81% · Conversion: Difficult
RETAIL STORES
$625,000
Change: +43% · Conversion: Easy
Blend value · Realmo final
$595k
Range $536k – $655k · ±10% · vs last sale $750k (Dec 2 2022)
Last sale anchor
$750k
Dec 2 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
$211 / 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
$9,734
Tax year 2024
Assessed value
$765,000
Assessed 2024
Previous assessed
$765,000
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$540,600
Assessed improvement
$224,400
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
1923
Construction
WOOD
Heating
NONE
Cooling
YES
Buildings
3
Stories
1
Units
2
Bathrooms
2
Total area
2,824 SF
Lot
0.13 ac (5,656 SF)
Zoning code
LAR2
APN
5101-009-022
UPID
US09-8575557
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAR2 · Los Angeles, CAZoning LAR2 · permitted uses
LAR2 · 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
COMMERCIAL (GENERAL) Current
Est. value
$435,000
WAREHOUSE, STORAGE
Est. value
$790,000
RETAIL STORES
Est. value
$625,000
COMMERCIAL (GENERAL) Current
WAREHOUSE, STORAGE
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
1923
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Units
2
Bathrooms
2
Lot
0.13 ac
Current owner
From public records · entity-resolved
Woo Pag Hyeun
Individual
Mailing address
4100 WOODLAWN AVE, LOS ANGELES, CA 90011-2934
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
26 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 2, 2023
—
Woo Pag Hyeun
—
Deed
related
$350,000 · Pcb Bank
Dec 2, 2022
$750,000
Woo Pag Hyeun
Downcycle LLC
Grant Deed
—
Feb 13, 2015
—
Downcycle LLC
Lenocker William T
Quit Claim Deed
related
—
Oct 11, 2013
—
William T Lenocker
Lenocker,joanne E
Quit Claim Deed
—
Aug 21, 2013
—
Downcycle LLC
Lenocker,tracy
Quit Claim Deed
—
Jun 7, 2011
—
Tracy Lenocker
Downcycle LLC
Grant Deed
—
Feb 25, 2011
—
Downcycle LLC
Lenocker,william T
Grant Deed
—
Oct 13, 2009
$336,000
Reo I Protium
Sutton Fndg LLC
Grant Deed
—
Oct 13, 2009
$185,000
William T Lenocker
Protium Reo I
Grant Deed
$105,000 · Dean Arora
Oct 13, 2009
—
William T Lenocker
Lenocker,joanne
Quit Claim Deed
related
—
Jan 6, 2009
$335,573
Sutton Fndg LLC
Td Service Co
Trustees Deed
related
—
Sep 19, 2006
$600,000
Rene Adilio Hernandez
Manuel Franco Montero
Grant Deed
$420,000 · Equifirst Corp
Jun 5, 2006
—
Manuel F Montero
Garay,lucila C
Grant Deed
$40,000 · Lucila C Garay
May 12, 2006
—
Lucila C Garay
Montero,manuel F
Grant Deed
—
May 5, 2006
—
Manuel F Montero
—
Trustees Deed
related
$8,200 · Cenovio Sotelo
Aug 30, 2005
$425,000
Manuel F Montero
Cesar A Rivera
Grant Deed
$340,000 · Decision One Mortgage Company LLC
Jan 31, 2005
—
Cesar A Rivera
Mendoza,juan
Grant Deed
$48,000 · Monica G Mena
Dec 27, 2004
$340,000
Juan Mendoza
Rayo,manuel
Grant Deed
$272,000 · Peoples Choice Home Loan INC
Aug 6, 2003
$241,000
Manuel Rayo
Carrasco,gloria
Grant Deed
$192,800 · New Century Mortgage
Feb 1, 2001
$115,000
Carrasco,carolyn A & Agustina
Fannie E Erving Estate
Trustees Deed
—
Feb 1, 2001
—
Gloria Carrasco
Carrasco,l & A
Quit Claim Deed
related
$120,000 · Community Commerce Bank
Jul 5, 1996
—
Fannie E Erving
Erving,c & F E
Quit Claim Deed
related
—
—
—
Gloria Carrasco
—
Deed Of Trust
related
$121,800 · Bank Of America
—
—
Cornelious Erving
—
Deed Of Trust
related
$379,000 · Individual
—
—
Downcycle LLC
—
Deed Of Trust
related
$315,000 · Velocity Com'l Cap
May 11, 1967
$6,000
—
—
Grant 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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