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Property profile & analytics
FOR LEASE
Gas stations
700 North Highland Ave Los Angeles, CA 90038
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0460889
For Lease
1 / 2
$1,860,000
700 North Highland Ave, Los Angeles, CA 90038
View Listing →
Property profile
Verified
Property type
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Year built
2021
Construction
WOOD
Total area
23,719 SF
Lot
0.37 ac (16,231 SF)
Zoning code
LAC2
APN
5524-011-014
UPID
US10-0460889
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.86M
Owner & transaction history
Melrose Highland LLC · 12 yrs held
Melrose Highland LLC
since 2013
7 recorded transactions
Zoning & alternative use
LAC2 · 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
$78 / 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
$96,230
Tax year 2024
Assessed value
$7,392,429
Assessed 2024
Previous assessed
$7,392,429
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$3,485,296
Assessed improvement
$3,907,133
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
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Status
For Lease
Year built
2021
Construction
WOOD
Heating
NONE
Stories
1
Units
19
Total area
23,719 SF
Lot
0.37 ac (16,231 SF)
Zoning code
LAC2
APN
5524-011-014
UPID
US10-0460889
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC2 · Los Angeles, CA
Zoning LAC2 · permitted uses
LAC2 · 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
2021
Construction
WOOD
Heating
NONE
Stories
1
Units
19
Lot
0.37 ac
Current owner
From public records · entity-resolved
Melrose Highland LLC
Entity
Mailing address
9350 WILSHIRE BLVD STE #300, BEVERLY HILLS, CA 90212-3204
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 14, 2022
—
Melrose Highland LLC
—
Deed
related
$14,000,000 · Amalgamated Bank
Dec 31, 2019
—
Melrose Highland LLC
—
Grant Deed
related
$11,400,000 · First Republic Bk
Jun 14, 2017
—
Melrose Highland LLC
—
Trustees Deed
related
$7,000,000 · Banc Of Ca NA
Aug 1, 2013
$2,975,000
Melrose Highland LLC
6537 Melrose Avenue Ptshp
Grant Deed
—
Apr 9, 1997
—
Tosco Corp
Union Oil Co Of Ca
Grant Deed
related
—
—
—
6537 Melrose Avenue Ptshp
—
Deed Of Trust
related
$11,000 · Re Corp Of America
—
—
6537 Melrose Avenue Ptshp
—
Deed Of Trust
related
$429,000 · Sherry Glaser
—
—
6537 Melrose Avenue Ptshp
—
Deed Of Trust
related
$107,000 · Hanmi Bank
—
—
6537 Melrose Avenue Ptshp
—
Deed Of Trust
related
$1,532,000 · Hanmi Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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