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Property profile & analytics
FOR SALE
Hotels
323 Soto St Los Angeles, CA 90033
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US09-6838063
For Sale
1 / 15
$4,450,000
323 Soto St, Los Angeles, CA 90033
View Listing →
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1929
Construction
WOOD
Total area
10,364 SF
Lot
0.16 ac (6,991 SF)
Zoning code
LAC1
APN
5175-010-020
UPID
US09-6838063
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
-
Beach Front Property Management - Los Angeles @ Soto Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.23M
Blend (final)
Blend
$5.00M
Owner & transaction history
323 Soto Street LLC · 1 yrs held
323 Soto Street LLC
since 2024
Last sale
$5.0M
7 recorded transactions
Zoning & alternative use
LAC1 · Los Angeles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$5.6M
+27.8%
Office building
$5.2M
+18.0%
Medical building
$4.7M
+7.1%
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
$5,000,000
ML approach
$5,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$4,405,000
Current use
AUTO REPAIR, GARAGE
$5,635,000
Change: +28% · Conversion: Difficult
OFFICE BUILDING
$5,200,000
Change: +18% · Conversion: Difficult
MEDICAL BUILDING
$4,720,000
Change: +7% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,390,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$4,255,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$5.00M
Range $4.50M – $5.50M · ±10% · vs last sale $5.00M (Sep 30 2024)
Last sale anchor
$5.00M
Sep 30 2024
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
$482 / 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
$28,247
Tax year 2024
Assessed value
$2,253,415
Assessed 2024
Previous assessed
$2,253,415
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$563,652
Assessed improvement
$1,689,763
Applied tax rate
12.0000
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
Hotels
Use group
HOTEL
Status
For Sale
Year built
1929
Construction
WOOD
Heating
NONE
Stories
1
Units
39
Total area
10,364 SF
Lot
0.16 ac (6,991 SF)
Zoning code
LAC1
APN
5175-010-020
UPID
US09-6838063
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC1 · Los Angeles, CA
Zoning LAC1 · permitted uses
LAC1 · 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
HOTEL/MOTEL Current
Est. value
$4.4M
AUTO REPAIR, GARAGE
Est. value
$5.6M
OFFICE BUILDING
Est. value
$5.2M
MEDICAL BUILDING
Est. value
$4.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.4M
RETAIL STORES
Est. value
$4.3M
HOTEL/MOTEL Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1929
Construction
WOOD
Heating
NONE
Stories
1
Units
39
Lot
0.16 ac
Current owner
From public records · entity-resolved
323 Soto Street LLC
Entity
Mailing address
PO BOX 13135, LA JOLLA, CA 92039-3135
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
19 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2024
$5,000,000
323 Soto Street LLC
Blake C Alsbrook
Grant Deed
$2,662,000 · Arixa Capital Advisors LLC
Mar 21, 2023
—
Kamyar Harouni
—
Deed
related
$4,000,000 · Sherly N Harouni
Mar 2, 2022
—
Blake C Alsbrook
—
Deed
related
$2,400,000 · Lone Oak Fund LLC
Nov 13, 2013
—
Kamyar Harouni
Harouni,sherly
Quit Claim Deed
related
—
Nov 13, 2013
$1,875,000
Kamyar Harouni
Soleymani B & S A 2009 Trust
Grant Deed
$1,189,000 · Commonwealth Business Bank
Aug 25, 2009
—
Soleymani B & S A 2009 Trust
Soleymani,bijan
Quit Claim Deed
related
—
Oct 16, 2007
$1,500,000
Bijan Soleymani
Yalamanchili,rao
Grant Deed
$1,050,000 · Bank Of The Orient
Oct 16, 2007
—
Bijan Soleymani
Samikh,azam
Quit Claim Deed
related
—
Jul 1, 2005
$1,150,000
Rao Yalamanchili
Berliner Berliner & Lafond
Grant Deed
—
Mar 5, 2002
—
Berliner Berliner
Berliner,a J Tr
Quit Claim Deed
related
—
Oct 24, 1994
$205,000
Berline Trust
Larson,christian C
Trustees Deed
—
Aug 9, 1993
$48,807
J A Mckay
Nippon-hong Kong
Trustees Deed
—
Aug 9, 1993
—
Crumpton,h E
Mckay,j A
Trustees Deed
related
—
Feb 26, 1993
$185,961
Dw Properties
Nippon-hong Kong
Trustees Deed
related
—
Apr 21, 1989
—
Crumpton H E
Syed Invs
Grant Deed
related
—
Apr 3, 1989
—
Syed Invs
Crumpton H E&joy
Grant Deed
related
—
Feb 2, 1989
$150,000
Crumpton H E
Syed Invs
Grant Deed
related
—
Feb 26, 1988
$8,000
Juan A Folgar
Wakel
Grant Deed
related
—
—
—
Juan A Folgar
—
Deed Of Trust
related
$38,000 · Interwest Finl
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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