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Property profile & analytics
OFF-MARKET
Estimated value
$10,930,000
Community centers
6298 3rd St Los Angeles, CA 90036-3157
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US10-0447247
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1953
Construction
TILT-UP CONCRETE
Total area
35,800 SF
Lot
3.37 ac (146,647 SF)
Zoning code
LAC2
APN
5509-003-017
UPID
US10-0447247
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
-
Ross Parking Lot & Garage
-
Amazon Locker - Afterings Postal Service Courier Service
-
Ross Dress for Less Department Store
-
Interesting Roasting Investiture General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$14.92M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.93M
Owner & transaction history
Ross Dress For Less INC · 14 yrs held
Ross Dress For Less INC
since 2011
7 recorded transactions
Zoning & alternative use
LAC2 · Los Angeles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$18.0M
+18.5%
Medical building
$16.3M
+7.6%
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%
$16,160,000
6.5%
$14,915,000
7%
$13,850,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$15,160,000
Current use
OFFICE BUILDING
$17,965,000
Change: +19% · Conversion: Moderate
MEDICAL BUILDING
$16,310,000
Change: +8% · Conversion: Difficult
RETAIL STORES
$14,700,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$10.93M
Range $9.84M – $12.02M · ±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
$305 / 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
$608,756
Tax year 2024
Assessed value
$49,872,865
Assessed 2024
Previous assessed
$49,872,865
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$45,562,870
Assessed improvement
$4,309,995
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
1953
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Units
1
Total area
35,800 SF
Lot
3.37 ac (146,647 SF)
Zoning code
LAC2
APN
5509-003-017
UPID
US10-0447247
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
$15.2M
OFFICE BUILDING
Est. value
$18.0M
MEDICAL BUILDING
Est. value
$16.3M
RETAIL STORES
Est. value
$14.7M
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
MEDICAL BUILDING
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
1953
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
3.37 ac
Current owner
From public records · entity-resolved
Ross Dress For Less INC
Entity
Mailing address
PO BOX 92129, SOUTHLAKE, TX 76092-0102
Ownership since
2011
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
Dec 13, 2011
$45,000,000
Ross Dress For Less INC
Devco Park La Brea Retail LLC
Grant Deed
—
Aug 7, 2006
—
Apartment Investment & Mgmt Co
Casden Park La Brea Retail LLC
Grant Deed
—
Jun 13, 2000
—
Casden Park Labrea A LLC
—
Grant Deed
related
$70,000,000 · Bayerische Hypo-und Verei Ttee
May 31, 2000
—
Park La Brea Retai Casden
Casden,park La Brea
Quit Claim Deed
related
—
Aug 19, 1999
$41,640,000
Casden Park La Breal LLC
Plb Development LP
Grant Deed
—
Jan 17, 1995
$27,000,000
Plb Development LP
May Department Stores Co
Grant Deed
$27,000,000 · Seller
—
—
Casden Park La Brea Retail LLC
—
Deed Of Trust
related
$12,250,000 · Comerica Bank
—
—
Casden Park La Brea Retail LLC
—
Deed Of Trust
related
$7,600,000 · Fremont Investment & Loan
—
—
Casden Park La Brea Retail LLC
—
Deed Of Trust
related
$7,800,000 · Bank Of The West
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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