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Property profile & analytics
OFF-MARKET
Estimated value
$2,580,000
Medical Office Space
5818 3rd St, Los Angeles, CA 90036-2830
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-7698471
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1939
Construction
TILT-UP CONCRETE
Total area
3,180 SF
Lot
0.1 ac (4,299 SF)
Zoning code
LAC2
APN
5508-003-014
UPID
US09-7698471
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
-
Timothy Corrigan Inc Interior Design Home Decor Store
-
CrossFit Hollywood Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.57M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.27M
Blend (final)
Blend
$2.58M
Owner & transaction history
5818w 3rd Interprises LLC · 2 yrs held
5818w 3rd Interprises LLC
since 2023
Last sale
$2.6M
7 recorded transactions
Zoning & alternative use
LAC2 · Los Angeles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.7M
+19.3%
Office building
$1.6M
+10.2%
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
$2,615,000
ML approach
$2,570,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,730,000
Change: +19% · Conversion: Difficult
OFFICE BUILDING
$1,595,000
Change: +10% · Conversion: Easy
Blend value · Realmo final
$2.58M
Range $2.32M – $2.84M · ±10% · vs last sale $2.57M (Sep 15 2023)
Last sale anchor
$2.57M
Sep 15 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
$811 / 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
$31,301
Tax year 2024
Assessed value
$2,565,000
Assessed 2024
Previous assessed
$2,565,000
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$2,200,000
Assessed improvement
$365,000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1939
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
3,180 SF
Lot
0.1 ac (4,299 SF)
Zoning code
LAC2
APN
5508-003-014
UPID
US09-7698471
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
AUTO REPAIR, GARAGE
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.6M
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
1939
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.1 ac
Current owner
From public records · entity-resolved
5818w 3rd Interprises LLC
Entity
Free & Clear · 2 yrs held
Mailing address
8605 SANTA MONICA BLVD #77894, WEST HOLLYWOOD, CA 90069-4109
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 26, 2026
—
Appicross Lane Holdings LLC
—
Deed
related
$3,500,000 · Pmf Ca Reit LLC
Sep 15, 2023
$2,565,000
5818w 3rd Interprises LLC
David Rottenberg
Grant Deed
—
Sep 9, 2019
—
David Rottenberg
—
Deed
related
$451,000 · City National Bank
Jul 25, 2013
—
Dash Family 2009 Trust
Rottenberg Anna Trust
Quit Claim Deed
related
$300,000 · Wfb NA
Jan 26, 2011
—
David Rottenberg
David Rottenberg
Intrafamily Transfer
related
$315,000 · Farmers & Merchants Bank Of Long Be
Dec 12, 2005
—
Rottenberg F E & A Fam Trust
Rottenberg A Charitable Trust
Quit Claim Deed
related
—
Nov 21, 2005
—
Rottenberg F E & A Fam Trust
Rottenberg Anna Trust
Quit Claim Deed
related
—
Aug 17, 2005
—
Rottenberg Anna Trust
Rottenberg F E & A Trust
Quit Claim Deed
related
—
Dec 1, 1997
—
Rottenberg,anna Trustee
Rottenberg A Trustee,
Quit Claim Deed
related
—
—
—
Dash Family 2009 Trust
—
Loan Modification
related
$500,000 · Wells Fargo Bk
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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