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Property profile & analytics
FOR LEASE
Hotels
3240 Wilshire Blvd Los Angeles, CA 90010
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-9064151
For Lease
$29,295,000
3240 Wilshire Blvd, Los Angeles, CA 90010
View Listing →
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1938
Construction
TILT-UP CONCRETE
Total area
138,730 SF
Lot
0.58 ac (25,375 SF)
Zoning code
LAR5
APN
5094-008-044
UPID
US09-9064151
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
-
Yoon Security Co Security Service
-
Unification of Korea Academic Social Service Agency Charitable Organization
-
ATM Atm
-
Kang Myung J Medical Clinic Alternative Medicine Practice
-
the National Unification Advisory Council Advisory Council Council
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$27.37M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$29.30M
Owner & transaction history
Vhdg Koreatown Hotel LLC · 5 yrs held
Vhdg Koreatown Hotel LLC
since 2020
Last sale
$30.0M
4 recorded transactions
Zoning & alternative use
LAR5 · 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
$29,810,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$29,655,000
6.5%
$27,370,000
7%
$25,415,000
Blend value · Realmo final
$29.30M
Range $26.37M – $32.22M · ±10% · vs last sale $30.00M (Jul 23 2020)
Last sale anchor
$30.00M
Jul 23 2020
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
$325,993
Tax year 2024
Assessed value
$26,158,777
Assessed 2024
Previous assessed
$26,158,777
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$15,546,697
Assessed improvement
$10,612,080
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 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 Lease
Year built
1938
Construction
TILT-UP CONCRETE
Heating
NONE
Units
1
Total area
138,730 SF
Lot
0.58 ac (25,375 SF)
Zoning code
LAR5
APN
5094-008-044
UPID
US09-9064151
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAR5 · Los Angeles, CA
Zoning LAR5 · permitted uses
LAR5 · 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
TILT-UP CONCRETE
Heating
NONE
Units
1
Lot
0.58 ac
Current owner
From public records · entity-resolved
Vhdg Koreatown Hotel LLC
Entity
Free & Clear · 5 yrs held
Mailing address
1875 CENTURY PARK E STE #1130, LOS ANGELES, CA 90067-2543
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 12, 2022
—
3240 Wilshire Boulevard Lofts LLC
—
Deed
related
$5,000 · Mrc Ca Lender V LLC
Jul 23, 2020
—
Vhdg Koreatown Hotel LLC
Kimpton Hotel & Restaurant Grp
Quit Claim Deed
related
—
Jul 22, 2020
$30,000,000
3240 Wilshire Blvd Lofts LLC
Vhdg Koreatown Hotel LLC
Grant Deed
$34,000,000 · 3240 Wilshire Blvd 2 LLC
Nov 8, 2018
—
Vhdg Koreatown Hotel LLC
Vhdg Koreatown LLC
Quit Claim Deed
$34,000,000 · 3240 Wilshire Blvd LLC
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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