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Property profile & analytics
OFF-MARKET
Estimated value
$17,455,000
Hotels
503 Main St Los Angeles, CA 90013
Entity Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6484381
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1923
Construction
STEEL FRAME
Total area
126,542 SF
Lot
0.22 ac (9,565 SF)
Zoning code
LAC2
APN
5149-037-010
UPID
US09-6484381
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
$17.46M
Owner & transaction history
Rosslyn Hotel Apartments LP · 13 yrs held
Rosslyn Hotel Apartments LP
since 2013
7 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
$138 / 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
$66,600
Tax year 2024
Assessed value
$15,312,729
Assessed 2024
Previous assessed
$15,312,729
+0.0% YoY
Effective rate
0.43%
On assessed value
Assessed land
$1,771,715
Assessed improvement
$13,541,014
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
1923
Construction
STEEL FRAME
Heating
NONE
Stories
1
Total area
126,542 SF
Lot
0.22 ac (9,565 SF)
Zoning code
LAC2
APN
5149-037-010
UPID
US09-6484381
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
1923
Construction
STEEL FRAME
Heating
NONE
Stories
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
Rosslyn Hotel Apartments LP
Entity
Mailing address
1055 W 7TH ST, LOS ANGELES, CA 90017-2577
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
19 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 3, 2014
—
Rosslyn Hotel Apartments LP
—
Trustees Deed
related
$1,000,000 · Single Room Occupancy Housing
Feb 4, 2013
—
Rosslyn Hotel Apartments LP
Rosslyn Hotela Apartments LP
Quit Claim Deed
related
$16,100,000 · Union Bank
Jun 11, 2010
—
Rosslyn Hotel Apartments LP
Jhk Group LLC
Grant Deed
$10,000,000 · New Generation Fund LLC
Jul 21, 2009
—
Jhk Group LLC
—
Trustees Deed
related
$4,900,000 · Bmwb Cap Ptrs LLC
Mar 6, 2009
$1,844,543
Jhk Group LLC
Chicago Title Co
Trustees Deed
related
—
Oct 9, 2008
—
Rosslyn Hotel LLC
Triumph Companies INC
Grant Deed
—
Sep 21, 2006
—
Triumph Companies INC
Frontiera,robert
Quit Claim Deed
related
—
Oct 16, 2003
—
Rosslyn Hotel LLC
Wang,ban-yen
Grant Deed
$2,915,000 · Network Bank USA
Oct 6, 2003
—
Sonny C Wang
Wangs,tr
Quit Claim Deed
related
—
Aug 30, 2001
—
Jacob C Wang
Wang,b Y Tr
Quit Claim Deed
related
—
—
—
Rosslyn Hotel LLC
—
Deed Of Trust
related
$3,560,000 · Community National Bank
—
—
Rosslyn Hotel LLC
—
Deed Of Trust
related
$1,295,000 · Cdc Small Business Finance Co
—
—
Rosslyn Hotel LLC
—
Deed Of Trust
related
$1,259,500 · Community National Bank
—
—
Rosslyn Hotel LLC
—
Deed Of Trust
related
$6,000,000 · Security Pacific Bank
—
—
Jhk Group LLC
—
Deed Of Trust
related
$2,000,000 · Suncoast Properties INC
—
—
Rosslyn Hotel LLC
—
Deed Of Trust
related
$1,500,000 · Security Pacific Credit Corp
—
—
Rosslyn Hotel LLC
—
Deed Of Trust
related
$1,500,000 · Jjt Taylor INC
—
—
Gates Family Trust
—
Deed Of Trust
related
$350,000 · Security Pacific Bank
—
—
Rosslyn Hotel Apartments LP
—
Deed Of Trust
related
$8,138,435 · Cra/la
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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