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Property profile & analytics
FOR SALE
Apartment buildings
5606 S Figueroa St, Los Angeles, CA 90037
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6346213
For Sale
1 / 19
$1,995,000
5606 S Figueroa St, Los Angeles, CA 90037
View Listing →
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1927
Construction
WOOD
Total area
9,090 SF
Lot
0.14 ac (6,075 SF)
Zoning code
LAC2
APN
5001-036-003
UPID
US09-6346213
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
-
Magda's Haircuts Highland Park Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.57M
CAP Approach
CAP
$2.08M
Comparable Approach
Comparable
$1.97M
Blend (final)
Blend
$1.63M
Owner & transaction history
Qq Group LLC · 2 yrs held
Qq Group LLC
since 2023
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
LAC2 · Los Angeles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$2.6M
+65.8%
Warehouse, storage
$2.5M
+63.8%
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
$1,575,000
ML approach
$1,570,000
CAP Approach
CAP Return
Estimation
6%
$2,250,000
6.5%
$2,075,000
7%
$1,930,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,550,000
Current use
INDUSTRIAL (GENERAL)
$2,570,000
Change: +66% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,540,000
Change: +64% · Conversion: Difficult
Blend value · Realmo final
$1.63M
Range $1.46M – $1.79M · ±10% · vs last sale $1.68M (Jul 21 2023)
Last sale anchor
$1.68M
Jul 21 2023
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
$179 / 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
$21,646
Tax year 2024
Assessed value
$1,680,000
Assessed 2024
Previous assessed
$1,680,000
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$680,000
Assessed improvement
$1,000,000
Applied tax rate
6.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
For Sale
Year built
1927
Construction
WOOD
Heating
NONE
Cooling
YES
Units
16
Bathrooms
16
Total area
9,090 SF
Lot
0.14 ac (6,075 SF)
Zoning code
LAC2
APN
5001-036-003
UPID
US09-6346213
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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.6M
INDUSTRIAL (GENERAL)
Est. value
$2.6M
WAREHOUSE, STORAGE
Est. value
$2.5M
APARTMENT HOUSE (5+ UNITS) Current
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
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
1927
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
16
Bathrooms
16
Lot
0.14 ac
Current owner
From public records · entity-resolved
Qq Group LLC
Entity
Mailing address
11766 S WILSHIRE BLVD STE #270, LOS ANGELES, CA 90025-6566
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 12, 2024
—
Qq Group LLC
—
Deed
related
$1,085,000 · Liberty Bank NA
Jul 21, 2023
$1,680,000
Qq Group LLC
Omar Cambronero
Grant Deed
—
Jul 8, 2005
$1,100,000
Omar Cambronero
Pedro Piera
Grant Deed
$510,000 · Independence Bank
Dec 26, 2003
$645,000
Pedro Piera
Alvarez,ramon & Petra
Grant Deed
$465,000 · United Commercial Bank
Dec 26, 2003
—
Pedro Piera
Piera,leticia
Quit Claim Deed
related
—
Nov 2, 2001
$290,000
Ramon Alvarez
Hall,brady & Catherine
Grant Deed
$188,500 · Golden Security Bank
Sep 1, 1993
$270,000
Brady Hall
Topa Thrift & Lo
Grant Deed
$229,500 · Topa Thrift & Loan
Feb 25, 1993
$462,913
Topa Thrift
Vine,renard E
Trustees Deed
related
—
Dec 6, 1991
—
Caren Jefferey F Tr Et Al
—
Deed Of Trust
related
—
—
—
Pedro Piera
—
Deed Of Trust
related
$100,000 · Craig D & Maki M Shewfelt
—
—
Pedro Piera
—
Deed Of Trust
related
$158,000 · Lockford Financial 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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