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Property profile & analytics
OFF-MARKET
Estimated value
$1,620,000
Hotels
553 Ceres Ave Los Angeles, CA 90013-1716
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-6484193
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1903
Construction
WOOD
Total area
5,430 SF
Lot
0.09 ac (3,856 SF)
Zoning code
LAM2
APN
5147-016-019
UPID
US09-6484193
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
-
Travelers Hotel Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.68M
CAP Approach
CAP
$1.07M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.62M
Owner & transaction history
553 Ceres LLC · 5 yrs held
553 Ceres LLC
since 2020
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
LAM2 · Los Angeles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.5M
+7.1%
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
$1,595,000
ML approach
$1,680,000
CAP Approach
CAP Return
Estimation
6%
$1,160,000
6.5%
$1,070,000
7%
$995,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$2,310,000
Current use
MEDICAL BUILDING
$2,475,000
Change: +7% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,300,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$2,230,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$1.62M
Range $1.46M – $1.78M · ±10% · vs last sale $1.61M (Oct 16 2020)
Last sale anchor
$1.61M
Oct 16 2020
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
$298 / 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
$24,001
Tax year 2024
Assessed value
$1,752,425
Assessed 2024
Previous assessed
$1,752,425
+0.0% YoY
Effective rate
1.37%
On assessed value
Assessed land
$986,041
Assessed improvement
$766,384
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
1903
Construction
WOOD
Heating
NONE
Stories
2
Total area
5,430 SF
Lot
0.09 ac (3,856 SF)
Zoning code
LAM2
APN
5147-016-019
UPID
US09-6484193
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAM2 · Los Angeles, CA
Zoning LAM2 · permitted uses
LAM2 · 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.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$2.3M
MEDICAL BUILDING
Est. value
$2.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.3M
RETAIL STORES
Est. value
$2.2M
HOTEL/MOTEL Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1903
Construction
WOOD
Heating
NONE
Stories
2
Lot
0.09 ac
Current owner
From public records · entity-resolved
553 Ceres LLC
Entity
Free & Clear · 5 yrs held
Mailing address
7190 W SUNSET BLVDPMB619, LOS ANGELES, CA 90046-4415
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 24, 2026
—
553 Ceres LLC
—
Deed
related
$1,060,000 · Midfirst Bank
Sep 3, 2024
—
553 Ceres LLC
—
Deed
related
$959,229 · Midfirst Bank
Oct 16, 2020
—
553 Ceres LLC
Gnc Properties LLC
Quit Claim Deed
related
—
Apr 1, 2019
—
Gnc Properties LLC
—
Deed
related
$1,022,000 · Midfirst Bk
Mar 28, 2019
$1,605,000
Gnc Properties LLC
Gopal Patel Balubhai
Grant Deed
$1,022,000 · Midfirst Bank
Jul 22, 2008
—
Patel Balubhai Trust
Patel,balubhai G
Quit Claim Deed
related
—
Apr 19, 1999
$103,000
Balubhai G Patel
Rmv Properties
Grant Deed
—
Feb 19, 1999
—
S R Smith
Smith,j
Quit Claim Deed
related
—
Oct 16, 1996
$260,259
Maimonides Research
Munoz,mark A
Trustees Deed
—
Jun 8, 1993
$450,000
Munoz,mark A
Real Key Investm
Trustees Deed
$200,000 · Maimonides Researc
Jan 8, 1992
$119,529
Real Key Inv INC
Cobos,vicente
Trustees Deed
related
—
—
—
Gnc Properties LLC
—
Deed Of Trust
related
$1,022,000 · Midfirst Bk
—
—
Mark A Munoz
—
Deed Of Trust
related
$150,000 · Active Home Loans INC
—
—
Mark A Munoz
—
Deed Of Trust
related
$125,000 · Active Home Loans INC
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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