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Property profile & analytics
OFF-MARKET
Estimated value
$4,675,000
Hotels
6705 La Jolla Blvd 29 La Jolla, CA 92037-6044
Entity Owned
31-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8346213
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1960
Total area
23,882 SF
Lot
1.04 ac (45,302 SF)
Zoning code
COMMERCIAL
APN
351-392-01-00
UPID
US09-8346213
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
by Request
CAP Approach
CAP
$6.03M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.68M
Owner & transaction history
L P I Hospitality LP · 31 yrs held
L P I Hospitality LP
since 1994
7 recorded transactions
Zoning & alternative use
COMMERCIAL · La Jolla, 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 La Jolla submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs La Jolla 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%
$6,535,000
6.5%
$6,030,000
7%
$5,600,000
Blend value · Realmo final
$4.68M
Range $4.21M – $5.14M · ±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
$196 / 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
$44,043
Tax year 2024
Assessed value
$3,581,752
Assessed 2024
Previous assessed
$3,581,752
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$2,058,481
Assessed improvement
$1,523,271
Applied tax rate
8.0000
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/MOTEL
Status
Off-Market
Year built
1960
Heating
NONE
Units
60
Total area
23,882 SF
Lot
1.04 ac (45,302 SF)
Zoning code
COMMERCIAL
APN
351-392-01-00
UPID
US09-8346213
Jurisdiction
SAN DIEGO
Zoning & alternative use
COMMERCIAL · La Jolla, CA
Zoning COMMERCIAL · permitted uses
COMMERCIAL · La Jolla, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
La Jolla. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1960
Heating
NONE
Units
60
Lot
1.04 ac
Current owner
From public records · entity-resolved
L P I Hospitality LP
Entity
Mailing address
1785 HANCOCK ST, SAN DIEGO, CA 92110-2073
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1994
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2024
—
La Jolla Palms Limited Partnership
—
Deed
related
$8,340,000 · Sunwest Bank
Sep 30, 2019
—
La Jolla Palms LP
—
Grant Deed
related
$8,000,000 · Umpqua Bk
Aug 14, 2009
—
La Jolla Palms
—
Trustees Deed
related
$3,909,809 · First Regional Bank
Dec 29, 1994
$2,650,000
L P I Hospitality LP
Wells Fargo Bank
Grant Deed
$1,987,500 · Wells Fargo Bank
Apr 20, 1994
$2,325,000
Wells Fargo Bank
Jack W Crumley T
Trustees Deed
related
—
Oct 13, 1992
$75,000
La Jolla Palms Inn Assoc Ltd
La Jolla,inns Am
Grant Deed
related
$57,000 · Seller
Jun 8, 1989
—
Inns Am La Jolla
Bottomley Robert
Quit Claim Deed
related
—
Nov 14, 1988
$125,000
Arpple INC
La Jolla Palms I
Grant Deed
related
—
Apr 14, 1988
—
Jack W Crumley
Arppl,
Grant Deed
related
—
—
—
La Jolla Palms
—
Deed Of Trust
related
$4,800,000 · First Regional Bank
—
—
Jack W Crumley
—
Deed Of Trust
related
$94,469 · Graham Theodore
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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