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Property profile & analytics
OFF-MARKET
Estimated value
$2,950,000
Community centers
3109 Olympic Blvd Los Angeles, CA 90006-2665
Entity Owned
21-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7259872
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1981
Construction
TILT-UP CONCRETE
Total area
10,400 SF
Lot
0.23 ac (9,841 SF)
Zoning code
LAC2
APN
5080-024-026
UPID
US09-7259872
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
-
Palm Tree Karaoke / 棕榈樹 KTV Bar & Pub
-
Ham Hung Restaurant Restaurant
-
Myung In Dumplings Restaurant
-
Mumu Bakery Cafe Bakery Specialty Food Shop
-
OK Digital TV & Cameras Inc Security Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.95M
Owner & transaction history
Cana LLC · 21 yrs held
Cana LLC
since 2005
7 recorded transactions
Zoning & alternative use
LAC2 · Los Angeles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$4.7M
+7.6%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$4,405,000
Current use
MEDICAL BUILDING
$4,740,000
Change: +8% · Conversion: Difficult
RETAIL STORES
$4,270,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$2.95M
Range $2.66M – $3.25M · ±10%
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
$284 / 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
$42,795
Tax year 2024
Assessed value
$3,450,811
Assessed 2024
Previous assessed
$3,450,811
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$1,181,838
Assessed improvement
$2,268,973
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1981
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
8
Total area
10,400 SF
Lot
0.23 ac (9,841 SF)
Zoning code
LAC2
APN
5080-024-026
UPID
US09-7259872
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$4.4M
MEDICAL BUILDING
Est. value
$4.7M
RETAIL STORES
Est. value
$4.3M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
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
1981
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
8
Lot
0.23 ac
Current owner
From public records · entity-resolved
Cana LLC
Entity
Mailing address
5238 LOS FRANCISCOS WAY, LOS ANGELES, CA 90027-1024
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 27, 2025
—
Cana LLC
—
Deed
related
$7,400,000 · Bbcn Bank
Mar 4, 2022
—
Cana LLC
—
Deed
related
$500,000 · Bbcn Bank
Apr 30, 2020
—
Cana LLC
—
Deed
related
$8,000,000 · Bank Of Hope
Nov 16, 2017
—
Calco
—
Deed
related
$3,500,000 · Hanmi Bk
Jul 19, 2005
—
Cana LLC
Sung Family Trust
Grant Deed
$4,500,000 · Principal Life Insurance Co
Oct 4, 2000
$4,602,000
Kwng S Sung
Hanmi Bank
Grant Deed
$2,975,000 · Wilshire State Bank
Feb 26, 1999
—
Hanmi Bank
—
Deed Of Trust
related
—
—
—
Cana LLC
—
Deed Of Trust
related
$2,200,000 · Hanmi Bk
—
—
Cana LLC
—
Deed Of Trust
related
$4,500,000 · Hanmi Bk
—
—
Cana LLC
—
Deed Of Trust
related
$8,000,000 · Bank Of Hope
—
—
Sung,tr
—
Deed Of Trust
related
$500,000 · Hanmi Bank
—
—
Calco
—
Loan Modification
related
$3,500,000 · Hanmi Bk
—
—
Sung,tr
—
Deed Of Trust
related
$2,872,000 · Hanmi 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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