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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Motels
3220 Florence Ave Los Angeles, CA 90043-4704
Individually Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8082439
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1938
Construction
WOOD
Total area
4,814 SF
Lot
0.37 ac (16,143 SF)
Zoning code
LAC2
APN
4012-016-017
UPID
US09-8082439
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
-
Empire Inn LAX Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$515k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$404k
Blend (final)
Blend
$625k
Owner & transaction history
Jagdish Patel · 10 yrs held
Jagdish Patel
since 2015
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
Method
Estimation
Statistic approach
by Request
ML approach
$515,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$625k
Range $563k – $688k · ±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
$130 / 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
$23,668
Tax year 2024
Assessed value
$1,856,932
Assessed 2024
Previous assessed
$1,856,932
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$1,566,787
Assessed improvement
$290,145
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1938
Construction
WOOD
Heating
NONE
Stories
1
Units
18
Bathrooms
18
Total area
4,814 SF
Lot
0.37 ac (16,143 SF)
Zoning code
LAC2
APN
4012-016-017
UPID
US09-8082439
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
1938
Construction
WOOD
Heating
NONE
Stories
1
Units
18
Bathrooms
18
Lot
0.37 ac
Current owner
From public records · entity-resolved
Jagdish Patel
Individual
Mailing address
11734 IMPERIAL HWY, NORWALK, CA 90650-2818
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2015
—
Jagdish Patel
Patel,panna
Quit Claim Deed
related
$950,000 · Bbcn Bk
Dec 29, 2015
$1,600,000
Jagdish Patel
Patel,bipin U
Grant Deed
related
—
Apr 29, 2010
—
Bipin U Patel
Patel,dipti B
Quit Claim Deed
related
$620,000 · Pacific City Bank
Mar 16, 2006
—
Bipin U Patel
Patel,bipin U
Quit Claim Deed
related
$500,000 · Saehan Bank
Nov 9, 2005
$50,000
Bipin U Patel
Patel,bhupen U
Grant Deed
related
—
Jun 13, 2003
—
Bhupen U Patel
Patel,dipika
Quit Claim Deed
$300,000 · Saehan Bank
Jun 19, 2000
—
Bipin U Patel
Patel,b U & D B
Quit Claim Deed
related
—
Mar 16, 1999
—
Bipin U Patel
Patel,b U
Quit Claim Deed
related
—
Jan 4, 1995
—
Bipin U Patel
Patel,b D & K
Quit Claim Deed
related
—
Jul 26, 1990
—
Bhulabhai Patel
Patel Bhalabhai
Quit Claim Deed
related
—
—
—
Bipin U Patel
—
Deed Of Trust
related
$255,000 · Individual
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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