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Property profile & analytics
OFF-MARKET
Estimated value
$5,220,000
Turn key restaurants
6703 Melrose Ave Los Angeles, CA 90038-3411
Individually Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-9395769
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1949
Construction
WOOD
Total area
3,498 SF
Lot
0.15 ac (6,734 SF)
Zoning code
LAC4
APN
5524-013-031
UPID
US09-9395769
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
-
Obsechon Car Towing's (Bike/Boat/Book/etc) Store Auto Parts Store
-
Meteora Restaurant
-
Community Techs Tech Support Center (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.65M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.88M
Blend (final)
Blend
$5.22M
Owner & transaction history
Antoinette Openshaw-miller · 5 yrs held
Antoinette Openshaw-miller
since 2020
Last sale
$5.1M
5 recorded transactions
Zoning & alternative use
LAC4 · 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
$5,380,000
ML approach
$5,645,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.22M
Range $4.70M – $5.74M · ±10% · vs last sale $5.10M (Dec 30 2020)
Last sale anchor
$5.10M
Dec 30 2020
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
$1,492 / 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
$51,139
Tax year 2024
Assessed value
$3,862,796
Assessed 2024
Previous assessed
$3,862,796
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$3,077,503
Assessed improvement
$785,293
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
1949
Construction
WOOD
Heating
NONE
Stories
1
Total area
3,498 SF
Lot
0.15 ac (6,734 SF)
Zoning code
LAC4
APN
5524-013-031
UPID
US09-9395769
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC4 · Los Angeles, CA
Zoning LAC4 · permitted uses
LAC4 · 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
1949
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
Antoinette Openshaw-miller
Individual
Free & Clear · 5 yrs held
Mailing address
3547 VOYAGER ST STE #201, TORRANCE, CA 90503-1673
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 2, 2022
—
Land Molino LLC
—
Deed
related
$3,780,000 · East West Bank
Dec 30, 2020
—
Antoinette Openshaw-miller
Steven Miller
Quit Claim Deed
related
—
Dec 30, 2020
$5,100,000
Land-molino LLC
Rulon Openshaw
Grant Deed
$4,550,000 · Rulon Openshaw
Mar 7, 2019
—
Rulon Openshaw
Openshaw Rulon W Testamen
Quit Claim Deed
related
—
Oct 27, 1971
—
Openshaw Dorothy A Exec.
—
Grant Deed
related
—
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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