Back to Search
Property profile & analytics
FOR LEASE
Commercial kitchens
3123 W Sunset Blvd Los Angeles, CA 99224
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7343106
For Lease
1 / 2
Contact for pricing
3123 W Sunset Blvd, Los Angeles, CA 99224
View Listing →
Property profile
Verified
Property type
Commercial kitchens
Use group
TAKE-OUT RESTAURANT
Year built
1924
Construction
WOOD
Total area
9,127 SF
Lot
0.15 ac (6,751 SF)
Zoning code
LAC2
APN
5426-005-011
UPID
US09-7343106
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Sunset Flatiron LLC · 1 yrs held
Sunset Flatiron LLC
since 2024
Last sale
$4.2M
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
—
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
$36,393
Tax year 2024
Assessed value
$2,908,313
Assessed 2024
Previous assessed
$2,908,313
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$1,546,513
Assessed improvement
$1,361,800
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
Commercial kitchens
Use group
TAKE-OUT RESTAURANT
Status
For Lease
Year built
1924
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
1
Total area
9,127 SF
Lot
0.15 ac (6,751 SF)
Zoning code
LAC2
APN
5426-005-011
UPID
US09-7343106
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
1924
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
Sunset Flatiron LLC
Entity
Mailing address
6 BAYMARE RD, BELL CANYON, CA 91307-1101
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 24, 2026
—
Sunset Flatiron LLC
—
Deed
related
$4,300,000 · Ctbc Bank Corp USA
Dec 30, 2024
$4,200,000
Sunset Flatiron LLC
Steven Elliot Edelson
Grant Deed
—
Mar 10, 2023
—
Sonny S Rouel
Sonny Sargon Rouel
Intrafamily Transfer
related
—
Dec 8, 2017
—
Sonny S Rouel
Rouel,lena
Quit Claim Deed
related
$2,387,500 · American First Cu
Nov 30, 2017
—
Los Angeles Entertainment Trust
Los Angeles Entertainm Trust
Quit Claim Deed
related
—
Nov 14, 2016
—
Los Angeles Entertainment Trust
Edelson,steve
Quit Claim Deed
related
—
Oct 19, 2011
$1,300,000
Steven Edelson
La Parrilla Ents INC
Grant Deed
$630,000 · Pacific Alliance Bank
Mar 13, 1992
$890,454
La Parrilla Enterprises INC
Unknown
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
