Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$15,000,000
Parking lots & garages
612 Norton Ave Los Angeles, CA 90005
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0492262
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Total area
7,125 SF
Lot
0.16 ac (7,124 SF)
Zoning code
LARD3
APN
5504-017-013
UPID
US10-0492262
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
$15.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$15.00M
Owner & transaction history
4055 Investment Group LLC · 2 yrs held
4055 Investment Group LLC
since 2024
Last sale
$15.0M
7 recorded transactions
Zoning & alternative use
LARD3 · 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
$15,000,000
ML approach
$15,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$15.00M
Range $13.50M – $16.50M · ±10% · vs last sale $15.00M (Mar 6 2024)
Last sale anchor
$15.00M
Mar 6 2024
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
$2,105 / 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
$4,265
Tax year 2024
Assessed value
$323,119
Assessed 2024
Previous assessed
$323,119
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$317,842
Assessed improvement
$5,277
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Heating
NONE
Total area
7,125 SF
Lot
0.16 ac (7,124 SF)
Zoning code
LARD3
APN
5504-017-013
UPID
US10-0492262
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LARD3 · Los Angeles, CA
Zoning LARD3 · permitted uses
LARD3 · 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
Heating
NONE
Lot
0.16 ac
Current owner
From public records · entity-resolved
4055 Investment Group LLC
Entity
Mailing address
620 S UN AVE, LOS ANGELES, CA 90017-1609
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Nov 26, 2025
—
4055 Investment Group LLC
—
Deed
related
$14,000,000 · Pcb Bank
Mar 6, 2024
$15,000,000
4055 Investment Group LLC
4055 Wilshire LLC
Grant Deed
$10,500,000 · Pcb Bank
May 16, 2023
—
4055 Wilshire LLC
—
Deed
related
$10,000,000 · Hankey Capital LLC
May 7, 2020
—
4055 Wilshire LLC
—
Deed
related
—
Jun 28, 2019
—
4055 Wilshire LLC
—
Deed
related
—
Jun 30, 2017
—
4055 Wilshire LLC
—
Deed
related
—
Feb 3, 2004
—
4055 Wilshire LLC
—
Grant Deed
related
$6,000,000 · Preferred Bank
Jan 30, 2004
—
4055 Wilshire LLC
—
Grant Deed
related
$6,000,000 · Preferred Bank
Oct 14, 1998
—
4055 Wilshire LLC
—
Deed Of Trust
related
—
Jul 11, 1996
—
David Y Lee
—
Deed Of Trust
related
—
Sep 22, 1995
—
Nam Andrew
—
Deed Of Trust
related
—
—
—
4055 Wilshire LLC
—
Loan Modification
related
—
—
—
4055 Wilshire LLC
—
Deed Of Trust
related
—
—
—
4055 Wilshire LLC
—
Loan Modification
related
—
—
—
4055 Wilshire LLC
—
Loan Modification
related
—
—
—
4055 Wilshire LLC
—
Deed Of Trust
related
$3,000,000 · Preferred 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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 612 Norton Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
