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Property profile & analytics
OFF-MARKET
Estimated value
$2,005,000
Hotels
412 5th St Los Angeles, CA 90013-1561
Entity Owned
27-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0481917
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1910
Construction
TILT-UP CONCRETE
Total area
20,813 SF
Lot
0.19 ac (8,336 SF)
Zoning code
LAR5
APN
5148-012-006
UPID
US10-0481917
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 SOUTHERN SRO Hotel & Motel
-
Michael Jackson Beat it (Music Video) - Special Cafe Resort
-
Southern hotel SRO. Apartment Building Hotel
-
Vijes charming trinket box (Bike/Boat/Book/etc) Store
-
FERNANDO Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.01M
Owner & transaction history
Southern Hotel LP · 27 yrs held
Southern Hotel LP
since 1998
6 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$96 / 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
$1,468
Tax year 2024
Assessed value
$1,163,166
Assessed 2024
Previous assessed
$1,163,166
+0.0% YoY
Effective rate
0.13%
On assessed value
Assessed land
$768,484
Assessed improvement
$394,682
Applied tax rate
13.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1910
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
20,813 SF
Lot
0.19 ac (8,336 SF)
Zoning code
LAR5
APN
5148-012-006
UPID
US10-0481917
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
1910
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.19 ac
Current owner
From public records · entity-resolved
Southern Hotel LP
Entity
Mailing address
1055 W 7TH ST STE #3250, LOS ANGELES, CA 90017-2780
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1998
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 24, 1999
—
Southern Hotel LP
—
Grant Deed
related
$1,850,000 · Union Bank Of California
Oct 7, 1998
$708,000
Southern Hotel LP
Kershaw,kim & Michelle
Grant Deed
$636,692 · Los Angeles Homeless Svcs
Mar 4, 1998
—
Kim Kershaw-robinson
Kershaw-robinson,k
Quit Claim Deed
related
—
—
—
Southern Hotel LP
—
Deed Of Trust
related
$403,000 · Citibank Fsb
—
—
Kim Kershaw
—
Deed Of Trust
related
$20,000 · Individual
—
—
Southern Hotel LP
—
Deed Of Trust
related
$299,400 · Citibank Fsb
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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