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Property profile & analytics
OFF-MARKET
Estimated value
$12,160,000
Hotels
416 8th St Los Angeles, CA 90014-3002
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6498350
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1924
Construction
STEEL FRAME
Total area
123,535 SF
Lot
0.21 ac (9,014 SF)
Zoning code
LAC5
APN
5144-018-030
UPID
US09-6498350
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
-
Freehand Los Angeles Hotel & Motel
-
Floral N5 - Flowers Delivery Florist Wedding Service
-
Cafe Integral at Freehand Los Angeles Cafe & Coffee Shop
-
The Exchange Restaurant Restaurant
-
Walk of fame Tour Operator
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.77M
Blend (final)
Blend
$12.16M
Owner & transaction history
Yshre La LLC · 12 yrs held
Yshre La LLC
since 2014
7 recorded transactions
Zoning & alternative use
LAC5 · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$12.16M
Range $10.94M – $13.38M · ±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
$98 / 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
$694,188
Tax year 2024
Assessed value
$55,660,000
Assessed 2024
Previous assessed
$55,660,000
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$4,000,000
Assessed improvement
$51,660,000
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
1924
Construction
STEEL FRAME
Heating
NONE
Total area
123,535 SF
Lot
0.21 ac (9,014 SF)
Zoning code
LAC5
APN
5144-018-030
UPID
US09-6498350
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC5 · Los Angeles, CA
Zoning LAC5 · permitted uses
LAC5 · 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
1924
Construction
STEEL FRAME
Heating
NONE
Lot
0.21 ac
Current owner
From public records · entity-resolved
Yshre La LLC
Entity
Mailing address
30 W 26TH ST12THFL, NEW YORK, NY 10010-2011
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 20, 2023
—
Yshre La LLC
—
Deed
related
$79,200,000 · Column Financial INC
Oct 21, 2019
—
Yshre La LLC
—
Grant Deed
related
$79,200,000 · Column Fin'l INC
Jul 3, 2014
—
Yshre La LLC
Nattan LLC
Grant Deed
—
Jun 6, 2002
—
Olive
Kianmahd,b & S
Grant Deed
related
—
Jun 3, 2002
—
Behrouz Kanmahd
La Comex Building LP
Grant Deed
$1,100,000 · Rpm Investment INC
Aug 24, 1994
$3,563,636
La Comex Building LP
La Mesa Enterpri
Grant Deed
—
Dec 15, 1988
$2,500,000
Lamesa Ents
Olive
Grant Deed
$2,500,000 · Bank Of America
—
—
Yshre La LLC
—
Deed Of Trust
related
$62,750,000 · Bsrecp II Joint Us Origination
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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