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Property profile & analytics
OFF-MARKET
Estimated value
$9,575,000
Warehouses
5823 Santa Monica Blvd Los Angeles, CA 90038
Individually Owned
21-yr Hold
~
Est. High Equity
Property ID
US09-8179185
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1998
Construction
WOOD
Total area
71,700 SF
Lot
0.49 ac (21,416 SF)
Zoning code
LACM
APN
5534-017-022
UPID
US09-8179185
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$10.57M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.58M
Owner & transaction history
Space Props Twenty One L Extra · 21 yrs held
Space Props Twenty One L Extra
since 2005
7 recorded transactions
Zoning & alternative use
LACM · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$11,445,000
6.5%
$10,565,000
7%
$9,810,000
Blend value · Realmo final
$9.58M
Range $8.62M – $10.53M · ±10%
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
$134 / 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
$264,725
Tax year 2024
Assessed value
$21,544,674
Assessed 2024
Previous assessed
$21,544,674
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$13,123,660
Assessed improvement
$8,421,014
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1998
Construction
WOOD
Heating
NONE
Stories
1
Total area
71,700 SF
Lot
0.49 ac (21,416 SF)
Zoning code
LACM
APN
5534-017-022
UPID
US09-8179185
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LACM · Los Angeles, CA
Zoning LACM · permitted uses
LACM · 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
1998
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.49 ac
Current owner
From public records · entity-resolved
Space Props Twenty One L Extra
Individual
Mailing address
PO BOX 71870, SALT LAKE CITY, UT 84171-0870
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 1, 2010
—
Space Props Twenty One L Extra
—
Deed Of Trust
related
$16,700,000 · Massachusetts Mutual Life Ins
Jul 14, 2005
—
Space Props Twenty One L Extra
Extra Space West One LLC
Quit Claim Deed
—
Oct 16, 1998
$320,127
Extra Space West One LLC
Storage Partners Of Hollwood
Grant Deed
—
Jun 18, 1997
$1,540,000
Storage Partners Of Hollywood
Omega/cinema Props INC
Grant Deed
—
Nov 18, 1993
$737,500
Cinema Props Omega
First Nationwide
Grant Deed
—
Jun 1, 1992
$1,842,005
First Nationwide Bank
Ritter,laurence
Trustees Deed
related
—
May 18, 1992
$25,000
Daniel Hughes
Stone,darle J
Grant Deed
related
—
Apr 6, 1992
$408,024
Darle J Stone
Ritter,laurence
Trustees Deed
related
—
Feb 24, 1988
—
Laurence Ritter
Ritte
Quit Claim Deed
related
—
—
—
Laurence Ritter
—
Deed Of Trust
related
$160,000 · Goldcrest Financial
—
—
Laurence Ritter
—
Deed Of Trust
related
$1,400,000 · Stollenwerck Jam
—
—
Extra Space Properties Twenty
—
Deed Of Trust
related
$34,300,000 · Bank Of America
—
—
Laurence Ritter
—
Deed Of Trust
related
$1,670,000 · First Nationwide Bank
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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