Technical
Financial
Distress signals
Property profile

338 Western Ave Los Angeles, CA 90004

OFF-MARKET
Assisted living facilities
Property ID
US09-7267090
6,548 SF 0.27 ac lot Built 1921
Entity Owned 5-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1921
Construction TILT-UP CONCRETE
Total area 6,548 SF
Lot 0.27 ac (11,635 SF)
Zoning code LAC2
APN 5521-027-010
UPID US09-7267090

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Wedding Service Photography Service
  • Alternative Medicine Practice
  • (Bike/Boat/Book/etc) Store Photography Service
  • Adult Day Care

Location

338 Western Ave Los Angeles, CA 90004-2602
Los Angeles metro Census 192510 LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$3.20M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.50M
Blend (final) Blend
$3.09M

Owner & transaction history

since 2021
Last sale
$3.4M
7 recorded transactions
2021
$3.4M
2019
Price N/A
2010
Price N/A
2004
Price N/A
2002
$750,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

LAC2 · Los Angeles, CA
Top alternative use upside
Restaurant $5.4M +199.5%
Auto repair, garage $3.6M +97.9%
Office building $3.3M +82.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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