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Property profile & analytics
OFF-MARKET
Estimated value
$6,140,000
Investment properties
5150 Melrose Ave Los Angeles, CA 90038
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0492268
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1927
Construction
TILT-UP CONCRETE
Total area
32,142 SF
Lot
0.27 ac (11,792 SF)
Zoning code
LAC2
APN
5522-007-026
UPID
US10-0492268
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
$6.14M
Owner & transaction history
Monte Cristo No 2 LLC · 5 yrs held
Monte Cristo No 2 LLC
since 2021
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
$191 / 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
$22,543
Tax year 2024
Assessed value
$1,596,756
Assessed 2024
Previous assessed
$1,596,756
+0.0% YoY
Effective rate
1.41%
On assessed value
Assessed land
$798,378
Assessed improvement
$798,378
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1927
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
62
Total area
32,142 SF
Lot
0.27 ac (11,792 SF)
Zoning code
LAC2
APN
5522-007-026
UPID
US10-0492268
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
1927
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
62
Lot
0.27 ac
Current owner
From public records · entity-resolved
Monte Cristo No 2 LLC
Entity
Mailing address
5162 MELROSE AVE, LOS ANGELES, CA 90038-4117
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Feb 10, 2021
—
Monte Cristo No 2 LLC
Vicky Simonian
Grant Deed
—
Jul 25, 2019
—
Monte Cristo LLC
—
Deed
related
$2,250,000 · First Republic Bank
Jun 5, 2013
—
Monte Cristo LLC
Monte Cristo Island Apartments
Quit Claim Deed
—
Jul 1, 2003
—
Monte Cristo Island Apts INC
Simonian,edmon & Vicky
Quit Claim Deed
related
$900,000 · Los Padres Bank
Mar 11, 1997
$1,100,000
Edmon Simonian
First Republic Bank
Grant Deed
$880,000 · First Republic Bank
—
—
Historic Hollywood Properties
—
Deed Of Trust
related
$30,000 · Individual
—
—
Historic Hollywood Properties
—
Deed Of Trust
related
—
—
—
Historic Hollywood Properties
—
Deed Of Trust
related
$10,131 · Individual
—
—
Historic Hollywo
—
Deed Of Trust
related
$335,000 · Individual
—
—
Monte Cristo LLC
—
Deed Of Trust
related
$2,500,000 · Preferred 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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