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Property profile & analytics
OFF-MARKET
Estimated value
$3,435,000
Retail space
4001 Wilshire Blvd Los Angeles, CA 90010-3435
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7261129
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1979
Construction
TILT-UP CONCRETE
Total area
12,944 SF
Lot
0.78 ac (34,116 SF)
Zoning code
LACR(PKM)
APN
5504-018-018
UPID
US09-7261129
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
-
AthletesInArt Art Gallery
-
City Smoke Shop (Bike/Boat/Book/etc) Store
-
UPS Access Point location Courier Service Postal Service
-
The Lange Realty Group Real Estate Agency
-
L.A. GOLDEN BICYCLE SHOP (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.62M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.44M
Owner & transaction history
Wilton Plaza INC · 3 yrs held
Wilton Plaza INC
since 2022
7 recorded transactions
Zoning & alternative use
LACR(PKM) · Los Angeles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$5.5M
+3.2%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,005,000
6.5%
$4,620,000
7%
$4,290,000
Alternative Use
Use
Estimation
RETAIL STORES
$5,315,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$5,480,000
Change: +3% · Conversion: Moderate
Blend value · Realmo final
$3.44M
Range $3.09M – $3.78M · ±10%
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
$265 / 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
$57,581
Tax year 2024
Assessed value
$4,520,543
Assessed 2024
Previous assessed
$4,520,543
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$2,802,737
Assessed improvement
$1,717,806
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1979
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
12,944 SF
Lot
0.78 ac (34,116 SF)
Zoning code
LACR(PKM)
APN
5504-018-018
UPID
US09-7261129
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LACR(PKM) · Los Angeles, CA
Zoning LACR(PKM) · permitted uses
LACR(PKM) · 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
RETAIL STORES Current
Est. value
$5.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.5M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
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
1979
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.78 ac
Current owner
From public records · entity-resolved
Wilton Plaza INC
Entity
Mailing address
39585 WASHINGTON ST, PALM DESERT, CA 92211-1153
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 14, 2022
—
Wilton Plaza INC
James E Choi
Grant Deed
—
Jul 28, 2011
—
Choi James E & Susan Y Trust
—
Deed Of Trust
related
$4,550,000 · Centerbank
May 30, 2008
—
Choi James E & Susan Y Trust
Choi J E & S Y Living Trust
Quit Claim Deed
related
—
Jan 26, 2007
—
Choi J E & S Y Living Trust
—
Deed Of Trust
related
$5,000,000 · Wilshire State Bank
Oct 20, 2003
—
Choi,tr
Choi,james E & Susan Y
Quit Claim Deed
related
—
Jan 26, 2000
$3,000,000
James E Choi
—
Grant Deed
related
—
May 20, 1998
$1,378,000
Riseman Trust
Marsam Partnership Gp
Grant Deed
—
Aug 8, 1994
$1,881,932
Marsam Ptshp
Lee,susie
Trustees Deed
—
Jan 20, 1989
$2,700,000
Susie Lee
Unknown
Grant Deed
—
—
—
James E Choi
—
Deed Of Trust
related
$2,100,000 · Wilshire State Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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