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Property profile & analytics
OFF-MARKET
Estimated value
$6,780,000
Retail properties & Spaces
640 Hl St Los Angeles, CA 90014-4000
Entity Owned
36-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-6494228
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1903
Construction
CONCRETE
Total area
456,171 SF
Lot
0.99 ac (43,037 SF)
Zoning code
LAC5
APN
5144-003-042
UPID
US09-6494228
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
-
Carat Studios (Bike/Boat/Book/etc) Store Photography Service
-
Sweetzer Properties LLC Construction Company
-
Silver Forte Big Box & Wholesale Store
-
Sonara Jewelry Big Box & Wholesale Store
-
Jewelry (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.78M
Owner & transaction history
Los Angeles United Investment Co · 36 yrs held
Los Angeles United Investment Co
since 1989
4 recorded transactions
Zoning & alternative use
LAC5 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$15 / 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
$324,296
Tax year 2024
Assessed value
$19,360,822
Assessed 2024
Previous assessed
$19,360,822
+0.0% YoY
Effective rate
1.68%
On assessed value
Assessed land
$5,774,801
Assessed improvement
$13,586,021
Applied tax rate
13.0000
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1903
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
456,171 SF
Lot
0.99 ac (43,037 SF)
Zoning code
LAC5
APN
5144-003-042
UPID
US09-6494228
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC5 · Los Angeles, CA
Zoning LAC5 · permitted uses
LAC5 · 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
1903
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
0.99 ac
Current owner
From public records · entity-resolved
Los Angeles United Investment Co
Entity
Free & Clear · 36 yrs held
Mailing address
650 S HL ST STE #1010, LOS ANGELES, CA 90014-1752
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1989
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 13, 2019
—
Los Angeles United Invs Co LLC
—
Deed
related
$33,000,000 · Bank Of The West
Dec 28, 2011
—
Los Angeles United Inv Co LLC
—
Deed Of Trust
related
$30,000,000 · Bank Of The West
Aug 7, 1989
$2,422,000
Los Angeles United Investment Co
Unknown
Grant Deed
—
—
—
Los Angeles United Invs Co LLC
—
Deed Of Trust
related
$33,000,000 · 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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