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Property profile & analytics
OFF-MARKET
Estimated value
$7,555,000
Motels
603 New Hampshire Ave Los Angeles, CA 90005-1342
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7411901
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1974
Construction
WOOD
Total area
39,799 SF
Lot
0.36 ac (15,628 SF)
Zoning code
LAC2
APN
5502-026-024
UPID
US09-7411901
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
-
Song's Gift Shop (Bike/Boat/Book/etc) Store
-
Best Western Plus LA Mid-Town Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.01M
CAP Approach
CAP
$7.86M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.56M
Owner & transaction history
Gerald Wang · 4 yrs held
Gerald Wang
since 2021
Last sale
$7.9M
7 recorded transactions
Zoning & alternative use
LAC2 · 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
$7,190,000
ML approach
$7,010,000
CAP Approach
CAP Return
Estimation
6%
$8,505,000
6.5%
$7,855,000
7%
$7,290,000
Blend value · Realmo final
$7.56M
Range $6.80M – $8.31M · ±10% · vs last sale $7.86M (Oct 8 2021)
Last sale anchor
$7.86M
Oct 8 2021
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
$190 / 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
$120,006
Tax year 2024
Assessed value
$9,679,020
Assessed 2024
Previous assessed
$9,679,020
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$2,955,424
Assessed improvement
$6,723,596
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1974
Construction
WOOD
Heating
NONE
Stories
3
Units
90
Total area
39,799 SF
Lot
0.36 ac (15,628 SF)
Zoning code
LAC2
APN
5502-026-024
UPID
US09-7411901
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.
Building & site characteristics
From public records
Year built
1974
Construction
WOOD
Heating
NONE
Stories
3
Units
90
Lot
0.36 ac
Current owner
From public records · entity-resolved
Gerald Wang
Individual
Mailing address
706 N 1ST AVE, ARCADIA, CA 91006-2529
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Oct 8, 2021
—
Gerald Wang
Gerald Kuang Yu Wang
Intrafamily Transfer
related
—
Aug 17, 2021
—
Gerald Kuang Yu Wang
Gerald Wang
Intrafamily Transfer
related
—
Apr 2, 2012
—
D Wang INC
Wang,gerald & Diane
Quit Claim Deed
—
Dec 28, 2011
$7,860,000
Gerald Wang
Bw Midwilshire Plaza Hotel INC
Grant Deed
$4,725,000 · East West Bank
Dec 23, 2010
—
Bw Midwilshire Plaza Hotel INC
401 South Hoover Property INC
Grant Deed
—
Jan 7, 2004
$5,570,000
401 S Hoover Property INC
Jung & Chung Enterprise INC
Grant Deed
$3,890,000 · Wilshire State Bank
Nov 2, 2001
$5,825,000
Jung & Chung Enterprise INC
Yang,ha S
Grant Deed
$3,705,000 · Hanmi Bank
Feb 1, 2000
$1,225,000
Yang,ha S
Executive Motor Inn
Trustees Deed
$1,100,000 · Nara Bank
Feb 1, 2000
—
Ha S Yang
Yang,s J
Quit Claim Deed
related
—
—
—
D Wang INC
—
Loan Modification
related
—
—
—
Bw Midwilshire Plaza Hotel INC
—
Deed Of Trust
related
$3,240,000 · Wilshire State 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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