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Property profile & analytics
OFF-MARKET
Estimated value
$4,945,000
Hotels
3515 Wilshire Blvd Los Angeles, CA 90010-2301
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US09-7484512
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1965
Construction
CONCRETE
Total area
295,209 SF
Lot
1.24 ac (53,924 SF)
Zoning code
LAC4
APN
5502-032-017
UPID
US09-7484512
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
-
The LINE LA Hotel & Motel
-
Alfred Coffee Cafe & Coffee Shop
-
Veracruz All Natural Restaurant
-
The Barbershop Club Barber Shop
-
Lobby Bar Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.95M
Owner & transaction history
Crep La Hotel LLC · 1 yrs held
Crep La Hotel LLC
since 2025
7 recorded transactions
Zoning & alternative use
LAC4 · 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
$17 / 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
$540,204
Tax year 2024
Assessed value
$42,793,836
Assessed 2024
Previous assessed
$42,793,836
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$10,865,545
Assessed improvement
$31,928,291
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
Off-Market
Year built
1965
Construction
CONCRETE
Heating
NONE
Stories
1
Units
380
Total area
295,209 SF
Lot
1.24 ac (53,924 SF)
Zoning code
LAC4
APN
5502-032-017
UPID
US09-7484512
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC4 · Los Angeles, CA
Zoning LAC4 · permitted uses
LAC4 · 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
1965
Construction
CONCRETE
Heating
NONE
Stories
1
Units
380
Lot
1.24 ac
Current owner
From public records · entity-resolved
Crep La Hotel LLC
Entity
Mailing address
3515 WILSHIRE BLVD, LOS ANGELES, CA 90010-2301
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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
Jun 4, 2025
$68,000,000
Crep La Hotel LLC
Recp Sydell Wilshire LLC
Trust Deed
related
$54,000,000 · Axos Bank
Feb 3, 2022
—
Recp Sydell Wilshire LLC
—
Deed
related
$100,000,000 · Crep La Hotel LLC
Jun 10, 2019
—
Recp Sydell Wilshire LLC
—
Deed
related
$93,000,000 · Marathon Secured Private Strat
May 17, 2017
—
Recp Sydell Wilshire LLC
—
Grant Deed
related
$73,000,000 · Private Individual
Oct 31, 2011
$34,575,000
Recp Sydell Wilshire LLC
Sydell Wilshire LLC
Grant Deed
—
Aug 24, 2011
$34,575,000
Sydell Wilshire LLC
3515 Wilshire LLC
Grant Deed
—
Aug 2, 2011
—
3515 Wilshire LLC
Khan Trust
Quit Claim Deed
related
—
Apr 30, 2009
—
3515 Wilshire LLC
Khan Trust
Grant Deed
—
Apr 14, 2009
—
Khan Trust
Lee,leo Y
Grant Deed
—
Sep 24, 2007
—
Leo Y Lee
Lee,leo Y & Hyo S
Quit Claim Deed
related
—
Apr 25, 2007
—
Leo Y Lee
Lee 2003 Family Trust
Quit Claim Deed
related
—
Sep 21, 2005
—
Lee 2003 Family Trust
Kim,young S
Grant Deed
$26,520,000 · Centerbank
Jun 17, 2005
—
Padick Partners
Charles Dunn Co Psp
Quit Claim Deed
$2,600,000 · Saehan Bank
Mar 13, 1989
—
Pete Fitzpatrick
Fitz
Quit Claim Deed
related
—
—
—
L A Koreana INC
—
Deed Of Trust
related
$12,000,000 · Hanil Bank
—
—
L A Koreana INC
—
Deed Of Trust
related
$5,980,000 · Woori Bank Los Angeles Agency
—
—
Coast
—
Deed Of Trust
related
$25,000,000 · Ncnb Natl Bk Nor
—
—
Recp Sydell Wilshire LLC
—
Deed Of Trust
related
$93,000,000 · Marathon Secured Private Strat
—
—
L A Koreana INC
—
Deed Of Trust
related
$1,350,000 · Us Small Business Admn
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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