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Property profile & analytics
OFF-MARKET
Estimated value
$24,910,000
Hotels
640 Main St Los Angeles, CA 90014-2004
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6484159
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1924
Construction
CONCRETE
Total area
159,803 SF
Lot
0.31 ac (13,539 SF)
Zoning code
LAC2
APN
5148-021-010
UPID
US09-6484159
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
-
Stay on Main Hotel Hotel & Motel
-
Central Lock & Key Locksmith
-
Cecil hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$31.53M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$24.91M
Owner & transaction history
248 Haynes Hotel Associates Ll · 12 yrs held
248 Haynes Hotel Associates Ll
since 2014
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%
$34,160,000
6.5%
$31,530,000
7%
$29,280,000
Blend value · Realmo final
$24.91M
Range $22.42M – $27.40M · ±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
$156 / 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
$420,025
Tax year 2024
Assessed value
$32,148,227
Assessed 2024
Previous assessed
$32,148,227
+0.0% YoY
Effective rate
1.31%
On assessed value
Assessed land
$12,418,268
Assessed improvement
$19,729,959
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1924
Construction
CONCRETE
Heating
NONE
Units
600
Total area
159,803 SF
Lot
0.31 ac (13,539 SF)
Zoning code
LAC2
APN
5148-021-010
UPID
US09-6484159
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.
Building & site characteristics
From public records
Year built
1924
Construction
CONCRETE
Heating
NONE
Units
600
Lot
0.31 ac
Current owner
From public records · entity-resolved
248 Haynes Hotel Associates Ll
Entity
Mailing address
757 3RD AVE17THFL, NEW YORK, NY 10017-2013
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
22 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 9, 2022
—
248 Haynes Hotel Associates LLC
—
Deed
related
$15,000,000 · Metropolitan Commercial Bank
Dec 10, 2021
—
248 Haynes Hotel Associates LLC
—
Deed
related
—
Oct 19, 2021
—
Sb Cecil LP
—
Deed
related
$50,000,000 · Athene Annuity And Life Company
Sep 29, 2020
—
Sb Hotel La LLC
—
Deed
related
$15,000,000 · Centennial Bk
Jun 7, 2018
—
Sb Hotel La LLC
—
Grant Deed
related
$14,400,000 · Other Institutional Lenders
Dec 6, 2017
—
Haynes Hotel Associates LLC
—
Deed
related
$15,500,000 · Jpmorgan Chase Bank NA
Oct 5, 2016
—
Sb Hotel La LLC
—
Deed
related
$3,053,290 · Private Individual
May 17, 2016
—
248 Haynes Hotel Associates Ll
—
Deed
related
—
Jun 5, 2014
—
248 Haynes Hotel Associates Ll
Cecil Main Street LLC
Grant Deed
—
Mar 26, 2012
—
Cecil Main Street LLC
640 South Main Street Ptrs LLC
Grant Deed
—
May 25, 2007
$26,505,000
640 South Main Street Ptrs LLC
Street Wise Investments LLC
Grant Deed
—
Apr 7, 1998
$1,478,950
Street Wise Investments LLC
Lopez Trust
Trustees Deed
—
Mar 12, 1993
$3,154,545
Lopez,trust
Argent Partnersh
Grant Deed
—
Jul 12, 1989
—
Lopez Fmly Tr
Lopez
Quit Claim Deed
related
—
—
—
Lopez Trust
—
Deed Of Trust
related
$3,000,000 · Individual
—
—
248 Haynes Hotel Associates Ll
—
Loan Modification
related
—
—
—
Sb Hotel La LLC
—
Deed Of Trust
related
$3,053,290 · Private Individual
—
—
Street Wide Investments LLC
—
Deed Of Trust
related
$3,300,000 · Mevorach Trust
—
—
Street Wise Investments LLC
—
Deed Of Trust
related
$4,500,000 · Universal Bank
—
—
Sb Hotel La LLC
—
Deed Of Trust
related
—
—
—
Argent Partnersh
—
Deed Of Trust
related
—
—
—
Street Wise Investments LLC
—
Deed Of Trust
related
$1,200,000 · Individual
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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