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Property profile & analytics
OFF-MARKET
Estimated value
$2,490,000
Retail space
717 Olympic Blvd Los Angeles, CA 90015-1497
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US10-0104541
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2008
Construction
CONCRETE
Total area
6,952 SF
Lot
0.4 ac (17,616 SF)
Zoning code
LAC2
APN
5138-002-033
UPID
US10-0104541
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
-
KD Talent Management Employment Agency
-
Stanton Associates LLC Business Management Consultant
-
Damien Halliburton Business Management Consultant
-
Wells Fargo Advisors Financial Advisor
-
Home Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.48M
Comparable Approach
Comparable
$1.68M
Blend (final)
Blend
$2.49M
Owner & transaction history
Mmp South Park Owner LLC · 6 yrs held
Mmp South Park Owner LLC
since 2019
4 recorded transactions
Zoning & alternative use
LAC2 · Los Angeles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.8M
+28.7%
Office building
$3.5M
+18.8%
Medical building
$3.2M
+7.9%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$2,690,000
6.5%
$2,480,000
7%
$2,305,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,935,000
Current use
AUTO REPAIR, GARAGE
$3,780,000
Change: +29% · Conversion: Difficult
OFFICE BUILDING
$3,490,000
Change: +19% · Conversion: Easy
MEDICAL BUILDING
$3,165,000
Change: +8% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,945,000
Change: +0% · Conversion: Moderate
Blend value · Realmo final
$2.49M
Range $2.24M – $2.74M · ±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
$358 / 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
$123,865
Tax year 2024
Assessed value
$10,185,917
Assessed 2024
Previous assessed
$10,185,917
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$2,037,182
Assessed improvement
$8,148,735
Applied tax rate
13.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2008
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
6,952 SF
Lot
0.4 ac (17,616 SF)
Zoning code
LAC2
APN
5138-002-033
UPID
US10-0104541
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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.9M
AUTO REPAIR, GARAGE
Est. value
$3.8M
OFFICE BUILDING
Est. value
$3.5M
MEDICAL BUILDING
Est. value
$3.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.9M
RETAIL STORES Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2008
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.4 ac
Current owner
From public records · entity-resolved
Mmp South Park Owner LLC
Entity
Free & Clear · 6 yrs held
Mailing address
333 S HOPE ST STE #3650, LOS ANGELES, CA 90071-3020
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
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
Dec 16, 2019
$47,094,000
Mmp South Park Owner LLC
La Southpark High-rise LP
Grant Deed
—
Nov 17, 2010
—
La Southpark High-rise LP
—
Deed Of Trust
related
$52,737,863 · Pacific Life Insurance Co
Mar 25, 2010
—
La South Park High-rise LP
—
Grant Deed
related
$52,737,863 · Pacific Life Insurance Co
—
—
La Southpark High-rise LP
—
Loan Modification
related
$562,500,000 · Federal Nat'l Mtg Assn (fnma)
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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