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Property profile & analytics
OFF-MARKET
Estimated value
$735,000
Turn key restaurants
685 Hoover St Los Angeles, CA 90005-3911
Individually Owned
6-yr Hold
Free & Clear
Property ID
US09-8190974
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1939
Construction
WOOD
Total area
6,500 SF
Lot
0.45 ac (19,745 SF)
Zoning code
LAC1
APN
5077-014-006
UPID
US09-8190974
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
-
Audition Karaoke DJ & Entertainment Nightclub
-
bcbs Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$735k
Owner & transaction history
Charles Wang · 6 yrs held
Charles Wang
since 2020
4 recorded transactions
Zoning & alternative use
LAC1 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$113 / 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
$33,959
Tax year 2024
Assessed value
$2,679,958
Assessed 2024
Previous assessed
$2,679,958
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$1,563,315
Assessed improvement
$1,116,643
Applied tax rate
6.0000
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
1939
Construction
WOOD
Heating
NONE
Cooling
OTHER
Stories
1
Total area
6,500 SF
Lot
0.45 ac (19,745 SF)
Zoning code
LAC1
APN
5077-014-006
UPID
US09-8190974
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC1 · Los Angeles, CAZoning LAC1 · permitted uses
LAC1 · Los Angeles, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1939
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.45 ac
Current owner
From public records · entity-resolved
Charles Wang
Individual
Free & Clear · 6 yrs held
Mailing address
PO BOX 5302, PASADENA, CA 91117-0302
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 31, 2020
—
Charles Wang
Annuity Wang R Trust
Quit Claim Deed
related
—
Jan 2, 2013
—
Wang Trust
Wang Family Trust
Quit Claim Deed
related
—
Aug 1, 1995
—
Wang,teh P & Hui Y Trustees
Wang,t P & H Y
Quit Claim Deed
related
—
Mar 31, 1988
$320,000
Teh P Wang
Yu
Quit Claim Deed
related
$320,000 · Sanwa Bank California
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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