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Property profile & analytics
OFF-MARKET
Estimated value
$12,805,000
Hotels
618 Harvard Blvd Los Angeles, CA 90005
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6345501
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1993
Construction
CONCRETE
Total area
55,903 SF
Lot
0.33 ac (14,265 SF)
Zoning code
LAC4
APN
5503-026-008
UPID
US09-6345501
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
$9.75M
CAP Approach
CAP
$11.03M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.81M
Owner & transaction history
3365 Wilshire Gaylord LLC · 3 yrs held
3365 Wilshire Gaylord LLC
since 2023
Last sale
$15.0M
7 recorded transactions
Zoning & alternative use
LAC4 · 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
$13,250,000
ML approach
$9,745,000
CAP Approach
CAP Return
Estimation
6%
$11,950,000
6.5%
$11,030,000
7%
$10,240,000
Blend value · Realmo final
$12.81M
Range $11.52M – $14.09M · ±10% · vs last sale $15.00M (Mar 29 2023)
Last sale anchor
$15.00M
Mar 29 2023
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
$229 / 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
$182,165
Tax year 2024
Assessed value
$14,777,136
Assessed 2024
Previous assessed
$14,777,136
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$6,772,854
Assessed improvement
$8,004,282
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1993
Construction
CONCRETE
Heating
NONE
Stories
1
Units
71
Bathrooms
16
Total area
55,903 SF
Lot
0.33 ac (14,265 SF)
Zoning code
LAC4
APN
5503-026-008
UPID
US09-6345501
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC4 · Los Angeles, CA
Zoning LAC4 · permitted uses
LAC4 · 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
1993
Construction
CONCRETE
Heating
NONE
Stories
1
Units
71
Bathrooms
16
Lot
0.33 ac
Current owner
From public records · entity-resolved
3365 Wilshire Gaylord LLC
Entity
Mailing address
1115 S LA CIENEGA BLVD, LOS ANGELES, CA 90035-2518
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
20 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 29, 2023
$15,000,000
3365 Wilshire Gaylord LLC
B W Midwilshire Plaza Hotel INC
Grant Deed
—
Jun 14, 2022
—
B W Midwilshire Plaza Hotel INC
—
Deed
related
$16,025,000 · Wilshire Quinn Income Fund LLC
Jun 22, 2012
$12,150,000
B W Midwilshire Plaza Hotel In
Harvard Grand LP
Grant Deed
$8,000,000 · Wilshire State Bank
Jul 12, 2007
—
Harvard Grand LP
Harvard Grand Investment INC
Grant Deed
$11,970,000 · Wachovia Bank NA
Sep 17, 2003
—
Harvard Grand Investment INC
L & E Investents INC
Grant Deed
$5,200,000 · Wilshire State Bank
May 26, 1999
$5,705,000
Jsk & Jjk Investment Corp
Harvard Development Co INC
Grant Deed
$3,500,000 · Wilshire State Bank
Mar 28, 1997
—
Harvard Development Co INC
Korea First Bank
Grant Deed
$3,000,000 · Hanmi Bank
Dec 20, 1996
$5,800,000
Korea First Bank
Jin D Ha & Tae H Kim
Trustees Deed
related
—
Oct 30, 1991
—
Jin D Ha
—
Grant Deed
related
$7,200,000 · Korea First Bank
Jul 14, 1989
$567,000
1031 Exchange
Han
Trustees Deed
related
—
Mar 24, 1989
$1,025,000
Steve Han
Mcchesney Fmly T
Grant Deed
$620,000 · First Federal Savings & Loan
—
—
Jsk & Jjk Investment Corp
—
Deed Of Trust
related
$250,000 · Saehan Bank
—
—
Harvard Grand LP
—
Deed Of Trust
related
$6,500,000 · Hanmi Bank
—
—
Harvard Grand Investment INC
—
Deed Of Trust
related
$5,250,000 · Wilshire State Bank
—
—
Jsk & Jjk Investment Corp
—
Deed Of Trust
related
$1,000,000 · Sung-ho Hong
—
—
Harvard Grand Investment INC
—
Deed Of Trust
related
$7,350,000 · Wilshire State Bank
—
—
Jimmy Ha
—
Deed Of Trust
related
$165,000 · Plaza Savings & Loan
—
—
Harvard Grand LP
—
Deed Of Trust
related
$6,500,000 · Pacific City Bank
—
—
Jin D Ha
—
Deed Of Trust
related
$8,900,000 · Korea First Bank
—
—
Harvard Development Co INC
—
Deed Of Trust
related
$300,000 · Hanmi 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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