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Property profile & analytics
OFF-MARKET
Estimated value
$1,120,000
Parking lots & garages
666 Hudson Ave Los Angeles, CA 90005
Individually Owned
19-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0501142
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1970
Total area
20,180 SF
Lot
0.49 ac (21,176 SF)
Zoning code
LACR(PKM)
APN
5505-006-014
UPID
US10-0501142
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$800k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.44M
Blend (final)
Blend
$1.12M
Owner & transaction history
Melvin J Silverstein · 19 yrs held
Melvin J Silverstein
since 2007
7 recorded transactions
Zoning & alternative use
LACR(PKM) · 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
$800,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.12M
Range $1.01M – $1.23M · ±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
$56 / 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
$48,074
Tax year 2024
Assessed value
$3,894,574
Assessed 2024
Previous assessed
$3,894,574
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$3,868,315
Assessed improvement
$26,259
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1970
Heating
NONE
Total area
20,180 SF
Lot
0.49 ac (21,176 SF)
Zoning code
LACR(PKM)
APN
5505-006-014
UPID
US10-0501142
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LACR(PKM) · Los Angeles, CA
Zoning LACR(PKM) · permitted uses
LACR(PKM) · 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
1970
Heating
NONE
Lot
0.49 ac
Current owner
From public records · entity-resolved
Melvin J Silverstein
Individual
Mailing address
4751 WILSHIRE BLVD STE #110, LOS ANGELES, CA 90010-3838
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 10, 2022
—
4727 Wilshire LLC
—
Deed
related
$10,000,000 · Hfc Acceptance LLC
Dec 16, 2016
—
4727 Wilshire LLC
—
Deed
related
$12,000,000 · Wells Fargo Bk
Jan 3, 2012
—
4727 Wilshire LLC
—
Deed Of Trust
related
$12,000,000 · Wfb NA
Feb 13, 2007
—
Melvin J Silverstein
Silverstein,melvin J
Quit Claim Deed
related
—
Feb 13, 2007
$1,500,000
4727 Wilshire LLC
Handel M Intervivos Trust
Grant Deed
—
Dec 8, 2006
—
4727 Wilshire LLC
—
Deed Of Trust
related
$12,000,000 · Wells Fargo Bank
May 20, 2005
—
Neal Handel
Handel,neal
Quit Claim Deed
—
Dec 27, 1996
$373,537
Handel Trust
Nangano,mildred C
Trustees Deed
—
Apr 11, 1994
—
Mildred C Nangano
Nangano,m C
Quit Claim Deed
related
—
—
—
Mildred C Nangano
—
Deed Of Trust
related
$200,000 · Peter S Carruth INC
—
—
Mildred C Nangano
—
Deed Of Trust
related
$295,000 · Handel Trust
—
—
4727 Wilshire LLC
—
Deed Of Trust
related
$4,400,000 · Hankey Investment Co
—
—
4727 Wilshire LLC
—
Loan Modification
related
$12,000,000 · Wells Fargo Bk
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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