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Property profile & analytics
OFF-MARKET
Estimated value
$8,665,000
Turn key restaurants
648 Broadway Los Angeles, CA 90014-1807
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6484160
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1916
Construction
TILT-UP CONCRETE
Total area
31,800 SF
Lot
0.19 ac (8,197 SF)
Zoning code
LAC5
APN
5144-002-023
UPID
US09-6484160
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
-
Cabinet Of Curiosities Furniture & Home Goods Home Decor Store
-
Clifton's Living History Tour Resort
-
The Pacific Seas Nightclub Restaurant
-
Clifton's Republic Restaurant
-
Clifton’s Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.65M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.50M
Blend (final)
Blend
$8.67M
Owner & transaction history
1716 Main LLC · 3 yrs held
1716 Main LLC
since 2022
Last sale
$8.7M
7 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
Method
Estimation
Statistic approach
$8,660,000
ML approach
$8,645,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$8.67M
Range $7.80M – $9.53M · ±10% · vs last sale $8.68M (Sep 16 2022)
Last sale anchor
$8.68M
Sep 16 2022
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
$64,448
Tax year 2024
Assessed value
$4,521,798
Assessed 2024
Previous assessed
$4,521,798
+0.0% YoY
Effective rate
1.43%
On assessed value
Assessed land
$2,311,141
Assessed improvement
$2,210,657
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1916
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
31,800 SF
Lot
0.19 ac (8,197 SF)
Zoning code
LAC5
APN
5144-002-023
UPID
US09-6484160
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
1916
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.19 ac
Current owner
From public records · entity-resolved
1716 Main LLC
Entity
Mailing address
606 S OLIVE ST STE #600, LOS ANGELES, CA 90014-1669
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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 29, 2022
—
1716 Main LLC
—
Deed
related
$5,642,000 · Partners Bank Of California
Sep 16, 2022
$8,680,000
1716 Main LLC
648 South Broadway LLC
Grant Deed
$1,855,747 · Robhana INC
Jun 17, 2022
—
648 South Broadway LLC
—
Deed
related
$400,000 · Robhana INC
Dec 1, 2020
—
648 South Broadway LLC
—
Deed
related
$7,500,000 · Logan Mtg
Jun 9, 2020
—
648 South Broadway LLC
—
Deed
related
$7,692,000 · Logan Mtg
Jun 3, 2019
—
648 South Broadway LLC
—
Deed
related
$7,500,000 · Other Institutional Lenders
Jun 7, 2018
—
648 South Broadway LLC
—
Deed
related
$7,500,000 · Armon Funding LLC Armon Funding LLC
Feb 3, 2014
—
648 South Broadway LLC
Albion Illinois LLC
Quit Claim Deed
related
$3,000,000 · B-y Investmenst INC
May 19, 2011
$3,600,000
Albion Illinois LLC
Clinton Investments LLC
Grant Deed
$1,970,000 · Meieran Andrew Family Trust
Jun 23, 2006
—
Stephen J Kice
Kice,kathy T
Quit Claim Deed
related
—
Jun 23, 2006
$3,000,000
Clinton Investments LLC
Barry Fam Living Trust
Grant Deed
$1,515,000 · City National Bank
May 4, 2005
—
Cusenza Frank P Trust
Owner,record
Grant Deed
related
—
Jun 24, 2003
—
Barry,tr
Barry,margaret C
Quit Claim Deed
related
—
May 16, 1989
—
Kice Fmly Tr
Kice
Quit Claim Deed
related
—
—
—
South Broadway LLC
—
Loan Modification
related
$7,000,000 · Private Individual
—
—
648 South Broadway LLC
—
Loan Modification
related
$7,500,000 · Logan Mtg
—
—
648 South Broadway LLC
—
Deed Of Trust
related
$7,500,000 · Armon Funding LLC Armon Funding LLC
—
—
648 South Broadway LLC
—
Deed Of Trust
related
$5,500,000 · Spring7 Loft LLC
—
—
648 South Broadway LLC
—
Deed Of Trust
related
$3,500,000 · Private Individual
—
—
648 South Broadway LLC
—
Loan Modification
related
$8,000,000 · Private Individual
—
—
648 South Broadway LLC
—
Loan Modification
related
$7,692,000 · Logan Mtg
—
—
648 South Broadway LLC
—
Loan Modification
related
$7,500,000 · Other Institutional Lenders
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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