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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Turn key restaurants
616 Serrano Ave Los Angeles, CA 90005
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7058976
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1913
Construction
WOOD
Total area
3,487 SF
Lot
0.22 ac (9,384 SF)
Zoning code
LAC2
APN
5503-028-005
UPID
US09-7058976
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
$395k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$623k
Blend (final)
Blend
$510k
Owner & transaction history
Serrano & Sixth LLC · 6 yrs held
Serrano & Sixth LLC
since 2020
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
by Request
ML approach
$395,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$510k
Range $459k – $561k · ±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
$146 / 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
$18,989
Tax year 2024
Assessed value
$1,521,468
Assessed 2024
Previous assessed
$1,521,468
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$1,071,432
Assessed improvement
$450,036
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1913
Construction
WOOD
Heating
NONE
Stories
1
Total area
3,487 SF
Lot
0.22 ac (9,384 SF)
Zoning code
LAC2
APN
5503-028-005
UPID
US09-7058976
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC2 · Los Angeles, CAZoning 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
Building & site characteristics
From public records
Year built
1913
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
Serrano & Sixth LLC
Entity
Mailing address
4460 WILSHIRE BLVD APT #707, LOS ANGELES, CA 90010-3734
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Jul 26, 2022
—
Serrano & Sixth LLC
—
Deed
related
$1,500,000 · Open Bank
Mar 12, 2020
—
Serrano & Sixth LLC
Susan S Ahn
Quit Claim Deed
—
Feb 22, 2018
—
Helen H Yoon
Yoon,john J
Quit Claim Deed
related
—
Dec 7, 2016
—
Helen H Yoon
Serrano & Sixth LLC
Quit Claim Deed
related
—
Jul 23, 2008
—
Serrano & Sixth LLC
Ahn Family Bypass Trust
Quit Claim Deed
related
—
Feb 4, 2008
—
Helen H Yoon
Ahn,in W
Quit Claim Deed
related
—
Jan 23, 2008
—
Ahn Family Bypass Trust
Ahn Family Trust
Quit Claim Deed
related
—
Aug 5, 2005
—
Ahn Family Trust
Ahn,ung-kyun
Quit Claim Deed
related
—
—
—
Ahn
—
Deed Of Trust
related
$250,000 · Hanmi Bank
—
—
Ungkyun Ahn
—
Deed Of Trust
related
$300,000 · Hanmi Bank
—
—
Ung-kyun Ahn
—
Deed Of Trust
related
$300,000 · Hanmi Bank
—
—
Ung Kyun
—
Deed Of Trust
related
$237,800 · Hanmi Bank
Aug 14, 1964
—
—
—
Grant Deed
related
—
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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