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Property profile & analytics
OFF-MARKET
Estimated value
$9,400,000
Motels
5601 Hollywood Blvd Los Angeles, CA 90028-6809
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-8169978
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1956
Construction
TILT-UP CONCRETE
Total area
11,460 SF
Lot
0.34 ac (15,018 SF)
Zoning code
LAR5
APN
5544-003-022
UPID
US09-8169978
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
-
Feria ropausada Clothing Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.40M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.37M
Blend (final)
Blend
$9.40M
Owner & transaction history
Covenant House Of California INC · 2 yrs held
Covenant House Of California INC
since 2024
Last sale
$9.4M
2 recorded transactions
Zoning & alternative use
LAR5 · Los Angeles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$9.4M
+93.4%
Auto repair, garage
$6.2M
+27.8%
Office building
$5.8M
+18.0%
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
$9,400,000
ML approach
$9,400,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$9,425,000
Change: +93% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,230,000
Change: +28% · Conversion: Difficult
OFFICE BUILDING
$5,750,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$9.40M
Range $8.46M – $10.34M · ±10% · vs last sale $9.40M (May 31 2024)
Last sale anchor
$9.40M
May 31 2024
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
$820 / 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
$79,149
Tax year 2024
Assessed value
$6,450,480
Assessed 2024
Previous assessed
$6,450,480
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$5,202,000
Assessed improvement
$1,248,480
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1956
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
31
Total area
11,460 SF
Lot
0.34 ac (15,018 SF)
Zoning code
LAR5
APN
5544-003-022
UPID
US09-8169978
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAR5 · Los Angeles, CA
Zoning LAR5 · permitted uses
LAR5 · 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
RESTAURANT
Est. value
$9.4M
AUTO REPAIR, GARAGE
Est. value
$6.2M
OFFICE BUILDING
Est. value
$5.8M
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1956
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
31
Lot
0.34 ac
Current owner
From public records · entity-resolved
Covenant House Of California INC
Entity
Free & Clear · 2 yrs held
Mailing address
1325 N WESTEM AVE, LOS ANGELES, CA 90027
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 31, 2024
$9,400,000
Covenant House Of California INC
Oceanic La LP
Grant Deed
—
May 27, 2022
$12,573,000
Oceanic La LP
Hecht Family Limited Partnership
Grant Deed
$8,255,000 · Aznyhollywood LLC
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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