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Property profile & analytics
FOR SALE
Motels
451 E Vernon Ave Los Angeles, CA 90011
Individually Owned
21-yr Hold
Free & Clear
Property ID
US09-6444173
For Sale
1 / 70
$3,900,000
451 E Vernon Ave, Los Angeles, CA 90011
View Listing →
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1963
Construction
WOOD
Total area
3,352 SF
Lot
0.11 ac (4,800 SF)
Zoning code
LAC2
APN
5113-015-007
UPID
US09-6444173
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Ramesh C Patel · 21 yrs held
Ramesh C Patel
since 2005
6 recorded transactions
Zoning & alternative use
LAC2 · 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
—
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
$9,153
Tax year 2024
Assessed value
$717,436
Assessed 2024
Previous assessed
$717,436
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$273,305
Assessed improvement
$444,131
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 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
Motels
Use group
MOTEL
Status
For Sale
Year built
1963
Construction
WOOD
Heating
NONE
Stories
1
Units
13
Total area
3,352 SF
Lot
0.11 ac (4,800 SF)
Zoning code
LAC2
APN
5113-015-007
UPID
US09-6444173
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC2 · Los Angeles, CA
Zoning LAC2 · permitted uses
LAC2 · 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
1963
Construction
WOOD
Heating
NONE
Stories
1
Units
13
Lot
0.11 ac
Current owner
From public records · entity-resolved
Ramesh C Patel
Individual
Free & Clear · 21 yrs held
Mailing address
451 E VERNON AVE, LOS ANGELES, CA 90011-3450
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2005
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
Apr 5, 2005
—
Ramesh C Patel
Patel,ramesh M & Pushpaben R
Quit Claim Deed
related
—
Sep 28, 2004
$525,000
Ramesh M Patel
Gonzalez,joaquin & Aurora
Grant Deed
$347,000 · Temecula Valley Bank NA
Nov 12, 1997
$332,368
Joaquin Gonzalez
Bhakta,mohanbhai P & Sukhiben M
Trustees Deed
—
Apr 15, 1991
$400,000
Mohanbhai Bhakta
Gonzalez,joaquin
Grant Deed
$310,000 · Seller
Sep 20, 1988
$53,000
Joaquin Gonzalez
Poteete V Ray An
Grant Deed
related
—
—
—
Joaquin Gonzalez
—
Deed Of Trust
related
$90,000 · City Financial
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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