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Property profile & analytics
OFF-MARKET
Estimated value
$34,840,000
Office buildings
605 Olympic Blvd Los Angeles, CA 90015-1400
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6495696
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1924
Construction
TILT-UP CONCRETE
Total area
118,663 SF
Lot
0.59 ac (25,670 SF)
Zoning code
LAR5
APN
5138-001-018
UPID
US09-6495696
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
-
Patel Parul Physician Medical Clinic
-
BTI Appraisal Real Estate Agency
-
Kim Sun M Medical Clinic Alternative Medicine Practice
-
Lan L. Nguyenchawkins, Psychologist Physician Medical Clinic
-
Dr. Brett J. Sevilla, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$46.22M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$34.84M
Owner & transaction history
Bo Far LLC · 2 yrs held
Bo Far LLC
since 2023
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$50,075,000
6.5%
$46,220,000
7%
$42,920,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$54,055,000
Change: -9% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$50,255,000
Change: -16% · Conversion: Difficult
RETAIL STORES
$50,115,000
Change: -16% · Conversion: Moderate
Blend value · Realmo final
$34.84M
Range $31.36M – $38.32M · ±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
$294 / 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
$339,868
Tax year 2024
Assessed value
$26,074,713
Assessed 2024
Previous assessed
$26,074,713
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$16,045,978
Assessed improvement
$10,028,735
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1924
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
118,663 SF
Lot
0.59 ac (25,670 SF)
Zoning code
LAR5
APN
5138-001-018
UPID
US09-6495696
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.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$54.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$50.3M
RETAIL STORES
Est. value
$50.1M
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1924
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.59 ac
Current owner
From public records · entity-resolved
Bo Far LLC
Entity
Mailing address
1717 S FIGUEROA ST, LOS ANGELES, CA 90015-3419
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 1, 2023
—
Bo Far LLC
Stoil 605 LLC
Grant Deed
—
Feb 28, 2018
—
Stoil 605 LLC
—
Deed
related
$10,000,000 · Hanmi Bank
Sep 28, 2006
—
Stoil 605 LLC
605 West Olympic LLC
Quit Claim Deed
—
May 30, 2006
—
Stoil LLC
605 W Olympic LLC
Grant Deed
—
Apr 28, 1999
—
605 West Olympic
Gakko,hojin Tanioka Gakuen
Grant Deed
related
—
Jan 29, 1993
—
Hojin Tanioka Gakuen Gakko
—
Deed Of Trust
related
—
Apr 4, 1989
—
Taktan INC
—
Grant Deed
related
$50,000 · Sumitomo Bank
—
—
605 West Olympic LLC
—
Deed Of Trust
related
$700,000 · Pravinchandra N Choksi
—
—
605 West Olympic LLC
—
Deed Of Trust
related
$5,000,000 · Metropolitan National 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.
Try Rey
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