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Property profile & analytics
OFF-MARKET
Estimated value
$27,360,000
Community centers
621 Western Ave, Los Angeles, CA 90005-3039
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US09-9330610
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2009
Construction
TILT-UP CONCRETE
Total area
100,436 SF
Lot
1.45 ac (63,026 SF)
Zoning code
LAC2
APN
5503-031-019
UPID
US09-9330610
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
-
Daiso Discount Store
-
One Dental Specialties Dental Office
-
CGV Cinemas Movie Theater Cinema Theater & Performing Art Venue
-
MaDang Courtyard Shopping Center & Mall
-
I Coffee Bar Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$27.36M
Owner & transaction history
Madang LLC · 1 yrs held
Madang LLC
since 2024
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$42,535,000
Current use
RETAIL STORES
$41,235,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$27.36M
Range $24.62M – $30.10M · ±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
$272 / 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
$517,721
Tax year 2024
Assessed value
$42,266,278
Assessed 2024
Previous assessed
$42,266,278
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$13,775,184
Assessed improvement
$28,491,094
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
2009
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
100,436 SF
Lot
1.45 ac (63,026 SF)
Zoning code
LAC2
APN
5503-031-019
UPID
US09-9330610
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.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$42.5M
RETAIL STORES
Est. value
$41.2M
NEIGHBORHOOD: SHOPPING CENTER Current
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
2009
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
1.45 ac
Current owner
From public records · entity-resolved
Madang LLC
Entity
Mailing address
621 S WESTERN AVE STE #401, LOS ANGELES, CA 90005-3042
Mailing matches property
Yes
Owner-occupied
Yes
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 14, 2024
—
Madang LLC
—
Deed
related
$4,500,000 · Shinhan Bank America
Dec 5, 2023
—
Madang LLC
—
Deed
related
$1,550,000 · Olyhill LLC
Jun 4, 2019
—
Madang LLC
—
Deed
related
$37,500,000 · Shinhan Bank America
Jan 17, 2019
—
Madang LLC
—
Deed
related
$1,500,000 · Prime Busn Cr
Jan 16, 2019
—
Madang LLC
—
Deed
related
$3,000,000 · Preferred Bank
Apr 10, 2018
—
Madang LLC
—
Deed
related
$1,000,000 · Prime Busn Cr
Mar 27, 2018
—
Madang LLC
—
Deed
related
$30,342,800 · Preferred Bk
Jan 16, 2018
—
Madang LLC
—
Deed
related
$950,000 · Prime Busn Cr
—
—
Madang LLC
—
Loan Modification
related
$29,950,000 · Preferred Bk
—
—
Madang LLC
—
Deed Of Trust
related
$1,500,000 · Prime Busn Cr
—
—
Madang LLC
—
Loan Modification
related
$31,000,000 · Preferred Bk
—
—
Madang LLC
—
Deed Of Trust
related
$950,000 · Prime Busn Cr
—
—
Madang LLC
—
Loan Modification
related
$30,342,800 · Preferred Bk
—
—
Madang LLC
—
Deed Of Trust
related
$1,000,000 · Prime Busn Cr
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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