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Property profile & analytics
OFF-MARKET
Estimated value
$15,260,000
Hotels
550 Flower St Los Angeles, CA 90071-2501
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6494191
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1956
Construction
CONCRETE
Total area
172,197 SF
Lot
0.44 ac (18,975 SF)
Zoning code
LAC2
APN
5151-024-004
UPID
US09-6494191
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
-
Standard Hotel & Motel Bed & Breakfast
-
Tesla Destination Charger Electric Vehicle Charging Station
-
The Delphi Downtown LA Restaurant
-
Denae’s Diner Restaurant
-
pantages theater Theater & Performing Art Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.99M
Blend (final)
Blend
$15.26M
Owner & transaction history
Wolkdaneprop LLC · 9 yrs held
Wolkdaneprop LLC
since 2017
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
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
$15.26M
Range $13.73M – $16.79M · ±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
$89 / 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
$1,269,999
Tax year 2024
Assessed value
$103,021,328
Assessed 2024
Previous assessed
$103,021,328
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$3,863,290
Assessed improvement
$99,158,038
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
1956
Construction
CONCRETE
Heating
NONE
Stories
1
Units
207
Total area
172,197 SF
Lot
0.44 ac (18,975 SF)
Zoning code
LAC2
APN
5151-024-004
UPID
US09-6494191
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
1956
Construction
CONCRETE
Heating
NONE
Stories
1
Units
207
Lot
0.44 ac
Current owner
From public records · entity-resolved
Wolkdaneprop LLC
Entity
Mailing address
175 SW 7TH ST STE #1712, MIAMI, FL 33130-2958
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 7, 2020
—
Wolkdaneprop LLC
—
Deed
related
$2,700,000 · American Business Bank
May 11, 2017
—
Wolkdaneprop LLC
Dane Family Trust
Quitclaim Deed
related
—
Apr 21, 2008
$92,000,000
Ferrado La LLC
550 Flower Street Owner LLC
Grant Deed
—
Jan 21, 2000
$8,175,500
Downtown La Standard LLC
—
Grant Deed
related
—
Dec 13, 1993
—
The Bank Of California
—
Deed Of Trust
related
—
—
—
Ferrado L A LLC
—
Loan Modification
related
$25,000,000 · California Republic Bk
—
—
Ferrado La LLC
—
Loan Modification
related
$15,000,000 · California Republic 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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