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    5151 Hollywood Blvd Los Angeles, CA 90027-6113
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    Property profile & analytics

    5151 Hollywood Blvd, Los Angeles, CA 90027-6113

    View on Map
    • Retail space
    • 7,452 SF
    • 0.28 lot acres
    Off-Market
    Last Sale Mar 14, 2022
    Property ID
    US10-0478830
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,185,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Kruang Tedd / Restaurant
    • Tiger Bro / Cafe & Coffee Shop

    Property Details for 5151 Hollywood Blvd

    Year built
    1969
    Construction
    TILT-UP CONCRETE
    Lot size
    0.28 lot acres
    Zone code
    LAC2
    Property type
    Retail space
    APN
    5544-011-021
    APU
    5544011021

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 14, 2022 — M B Hollywood Associates LLC Cynthia M Blaser Grant Deed —
    Apr 24, 2019 — Meller,scott J Trust Meller,scott Quit Claim Deed · related —
    Jan 2, 2019 — Blaser,steven M & Cynthia M Trust Blaser,steven M Affidavit Of Death · related —
    Mar 8, 2017 — Tracy Kleinberg Meller Sol Living Trust Quit Claim Deed · related —
    Oct 13, 2016 — Blaser,steven M & Cynthia M Trust Blaser A H & S J 1984 Trust Quit Claim Deed · related —
    Oct 28, 2015 — Meller,sol Living Trust Meller,sol Quit Claim Deed · related —
    Nov 1, 2011 — Sol Meller Meller Rachel Family Trust Quit Claim Deed · related —
    Sep 4, 1997 — Blaser,steven & Cary Co-trustees Blaser,s & C Co-trustees Quit Claim Deed · related —
    May 23, 1994 — Meller Sol Co Tr Et Al — Deed Of Trust · related —
    May 10, 1993 — Meller Sol Co Tr Et Al — Deed Of Trust · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,454,000
      Market price range: $1.45M - $5.08M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.302
    Latitude
    34.102
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $7,366
    $254,758
    $242,737
    $497,495
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $825,000
      2,880 SF

      5102 Hollywood Blvd

      RETAIL STORES (PERSONAL SERVICES)
      5102 Hollywood Blvd, Los Angeles, CA 90027-6106
      View Details
    • Value Estimation
      $1,095,000
      5,785 SF

      1757 Vermont Ave

      RETAIL STORES (PERSONAL SERVICES)
      1757 Vermont Ave, Los Angeles, CA 90027-4305
      View Details
    • Value Estimation
      $2,070,000
      11,528 SF

      4501 Franklin Ave

      RETAIL STORES (PERSONAL SERVICES)
      4501 Franklin Ave, Los Angeles, CA 90027
      View Details
    • Value Estimation
      $1,065,000
      3,542 SF

      4710 Franklin Ave

      RETAIL STORES (PERSONAL SERVICES)
      4710 Franklin Ave, Los Angeles, CA 90027-4204
      View Details
    • Value Estimation
      $775,000
      4,274 SF

      2630 Hyperion Ave

      RETAIL STORES (PERSONAL SERVICES)
      2630 Hyperion Ave, Los Angeles, CA 90027-3378
      View Details
    • Value Estimation
      $2,025,000
      12,870 SF

      5401 Sunset Blvd

      RETAIL STORES (PERSONAL SERVICES)
      5401 Sunset Blvd, Los Angeles, CA 90027-5613
      View Details

    Similar Nearby for Sale

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      Established Smoke Shop on Sunset

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      24,400 SF

      Redevelopment Project with Retail, Apartments

      Assembled redevelopment project with apartments and retail in Los Angeles.
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      Established Body Shop on Hollywood

      Body shop specializing in car wrapping, paint, and window tinting.
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      12,946 SF

      Mixed-Use Retail and Apartment Building

      12,946 SF mixed-use building in Los Feliz, California.
      4673 Hollywood Blvd, Los Angeles, CA 90027
      View Details
    • $5,099,000
      13,982 SF

      Los Feliz Multifamily Investment Opportunity

      Value-add 16-unit property in prime Los Feliz location.
      2050 Rodney Dr, Los Angeles, CA 90027
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    Similar Nearby for Lease

    • Contact for pricing
      900 SF

      Retail Space on Hollywood Boulevard

      First floor end cap retail space available for rent.
      5001 Hollywood Blvd, Los Angeles, CA 90027
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    • Contact for pricing

      Retail Space on Sunset Boulevard

      Retail space available, 1300 SqFt, Sunset Blvd location.
      5300 Sunset Blvd, Los Angeles, CA 90027
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    • Contact for pricing

      Sunset Blvd Retail/Restaurant Space

      Retail, restaurant, or medical space available in renovated neighborhood center.
      5214-5232 Sunset Blvd, Los Angeles, CA 90027
      View Details
    • $2 SF/Yr
      8,062 SF

      Kenmore Avenue Parking and Outdoor

      6,757 SF lot for parking and outdoor area available.
      1512 N Alexandria Ave, Los Angeles, CA 90027
      View Details
    • $69 SF/Yr
      12,103 SF

      Hollywood Blvd Retail Spaces

      Prime LA Retail, Restaurant, Fitness
      4900 Hollywood Blvd, Los Angeles, CA 90027
      View Details
    • Contact for pricing

      Fully Leased Retail Space

      Retail property is 100% leased with no current availability.
      4435-4441 Sunset Blvd, Los Angeles, CA 90027
      View Details
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    Los Angeles, CA 90027-6113
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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