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    3900 Wilshire Blvd Los Angeles, CA 90010-3303
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    Property profile & analytics

    3900 Wilshire Blvd, Los Angeles, CA 90010-3303

    View on Map
    • Hotels
    • 47,228 SF
    • 0.40 lot acres
    Off-Market
    Property ID
    US09-7484576
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $7,435,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Koreatown Pizza Co. / Restaurant
    • Thirtysecond Church of Christ Scientist / Church
    • Ward’s residence 4336 Victoria Park Dr, Los Angeles / Housing Development
    • Ramada by Wyndham Los Angeles/Koreatown West / Hotel & Motel
    • Cosmo Sky LLC / Dental Office

    Property Details for 3900 Wilshire Blvd

    Year built
    1989
    Construction
    WOOD
    Lot size
    0.40 lot acres
    Zone code
    LAC4
    Property type
    Hotels
    APN
    5092-030-036
    APU
    5092030036

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 24, 2025 — Wilshire Suite Hotel INC — Deed · related $2.9M · Business Finance Capital
    Jun 20, 2023 — Wilshire Suite Hotel INC — Deed · related $5M · Jung H Lee Trust
    Aug 19, 2022 — Wilshire Suite Hotel INC — Deed · related $7M · Lone Oak Fund LLC
    Dec 30, 2003 — Wilshire Suite Hotel INC 401 South Hoover Property INC Grant Deed · related —
    Oct 21, 2003 $7,250,000 401 S Hoover Property INC California Bc International Co Grant Deed $4M · Saehan Bank
    Feb 2, 1996 — Wilshire Plaza Hotel Ptnshp — Deed Of Trust · related —
    — — Wilshire Suite Hotel INC — Deed Of Trust · related $7.4M · Bbu Bank
    — — Wilshire Suite Hotel INC — Deed Of Trust · related $4.5M · Wilshire State Bank
    — — Bc International Corp — Deed Of Trust · related $570k · Hanmi Bank
    — — Wilshire Suite Hotel INC — Deed Of Trust · related $6.5M · Wilshire State Bank
    — — Bc International Corp — Deed Of Trust · related $3.1M · Hanmi Bank
    — — Wilshire Plaza Hotel Ptshp — Deed Of Trust · related $400k · Individual
    — — Wilshire Plaza Hotel Ptshp — Deed Of Trust · related $3.6M · First Commercial Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $10,095,000
      6.5%
      $9,320,000
      7%
      $8,655,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.311
    Latitude
    34.0612
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $117,771
    $1,393,912
    $8,035,941
    $9,429,853
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $29,935,000
      0.21 Acres

      Los Angeles, CA 90010

      HOTEL
      Los Angeles, CA 90010
      View Details
    • Value Estimation
      $3,340,000
      27,425 SF

      4300 Wilshire Blvd

      HOTEL
      4300 Wilshire Blvd, Los Angeles, CA 90010-3702
      View Details
    • Value Estimation
      $29,295,000
      138,730 SF

      3240 Wilshire Blvd

      HOTEL
      3240 Wilshire Blvd, Los Angeles, CA 90010-1502
      View Details
    • Value Estimation
      $4,945,000
      295,209 SF

      3515 Wilshire Blvd

      HOTEL
      3515 Wilshire Blvd, Los Angeles, CA 90010-2301
      View Details
    • Value Estimation
      $13,250,000
      20,634 SF

      2969 Wilshire Blvd

      HOTEL
      2969 Wilshire Blvd, Los Angeles, CA 90010-1104
      View Details
    • Value Estimation
      $10,975,000
      0.79 Acres

      Los Angeles, CA 90010

      HOTEL
      Los Angeles, CA 90010
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      39,098 SF

      Wilshire Boulevard Mixed-Use Development

      Mixed-use property entitled for 297 residential units and retail.
      3100 Wilshire Blvd, Los Angeles, CA 90010
      View Details
    • Contact for pricing
      185,536 SF

      Entitled Mixed-Use Project in Los Angeles

      Fully entitled mixed-use project with Ready-To-Issue plans available.
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    Similar Nearby for Lease

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      Wilshire Blvd Ground Floor Office

      Ground floor office space with high ceilings and kitchen.
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      Retail Space Near Metro Station

      Retail space available in high-density neighborhood near transportation.
      3785 Wilshire Blvd, Los Angeles, CA 90010
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      Retail and Restaurant Spaces Available

      Ground floor retail and restaurant spaces in new development.
      2900 Wilshire Blvd, Los Angeles, CA 90010
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      10,323 SF

      Retail Space at Wilshire Vermont

      Retail spaces available in a high-traffic, transit-oriented development.
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      5,914 SF

      Luxurious High-Rise Retail and Apartments

      New Koreatown high-rise with retail, restaurants, and ample parking.
      3150 Wilshire Blvd, Los Angeles, CA 90010
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    • Contact for pricing
      1,831 SF

      Wilshire Boulevard Office Space

      Office space available for rent on Wilshire Boulevard.
      3301-3307 Wilshire Blvd, Los Angeles, CA 90010
      View Details
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    Los Angeles, CA 90010-3303
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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