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Property profile & analytics
OFF-MARKET
Estimated value
$1,880,000
Warehouses
5610 Hollywood Blvd Los Angeles, CA 90028-6810
Individually Owned
19-yr Hold
~
Est. High Equity
Property ID
US09-8181849
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1997
Construction
TILT-UP CONCRETE
Total area
12,950 SF
Lot
0.31 ac (13,308 SF)
Zoning code
LAR5
APN
5544-026-007
UPID
US09-8181849
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
-
Precise Auto Body Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.88M
Owner & transaction history
Avedis A Papazian · 19 yrs held
Avedis A Papazian
since 2006
7 recorded transactions
Zoning & alternative use
LAR5 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$145 / 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
$23,094
Tax year 2024
Assessed value
$1,787,185
Assessed 2024
Previous assessed
$1,787,185
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$1,494,057
Assessed improvement
$293,128
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1997
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
OTHER
Stories
1
Total area
12,950 SF
Lot
0.31 ac (13,308 SF)
Zoning code
LAR5
APN
5544-026-007
UPID
US09-8181849
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.
Building & site characteristics
From public records
Year built
1997
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.31 ac
Current owner
From public records · entity-resolved
Avedis A Papazian
Individual
Mailing address
5610 HOLLYWOOD BLVD, LOS ANGELES, CA 90028-6810
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 23, 2024
—
Avedis Avo Papazian
—
Deed
related
$1,700,000 · Partners Capital Solutions Reit I LLC
Feb 6, 2024
—
Avedis Avo Papazian
—
Deed
related
$500,000 · The Verity Revocable Trust
Sep 27, 2022
—
Avedis Avo Papazian
—
Deed
related
$500,000 · Financial Management Mortgage INC
Dec 24, 2019
—
Avedis A Papazian
—
Grant Deed
related
$3,500,000 · Bow West Capital LLC
Mar 27, 2018
—
Avo Papazian Avedia
—
Deed
related
$4,500,000 · Commonwealth Business Bank
Aug 2, 2017
—
Avedis A Papazian
—
Deed
related
$752,800 · Bokandy Investments LLC
Mar 31, 2011
—
Avedis A Papazian
—
Deed Of Trust
related
$1,675,200 · Commerce National Bank
Dec 7, 2006
$192,500
Avedis A Papazian
Papazian,dikran D
Grant Deed
related
$2,500,000 · Bokandy Investments LLC
May 10, 2004
—
Dikran D Papazian
Papazian,valentina
Quit Claim Deed
related
$200,000 · Justin Investment Co
Dec 3, 1993
$610,000
Avedis A Papazian
Brown,r L & Arac
Grant Deed
$500,000 · Seller
—
—
Avedis A Papazian
—
Deed Of Trust
related
$1,032,000 · Commerce National Bank
—
—
Avedis A Papazian
—
Deed Of Trust
related
$1,072,800 · Bokandy Investments LLC
—
—
Avedis A Parazian
—
Deed Of Trust
related
$225,000 · Los Angeles City (ca)
—
—
Avedis A Papazian
—
Deed Of Trust
related
$752,800 · Bokandy Investments LLC
—
—
Avedis A Papazian
—
Deed Of Trust
related
$1,412,600 · Us Small Business Admn
—
—
Avedis A Papazian
—
Deed Of Trust
related
$740,000 · Financial Management Mortgage
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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