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Property profile & analytics
OFF-MARKET
Estimated value
$1,065,000
Commercial kitchens
7174 Melrose Ave Los Angeles, CA 90046-7626
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US09-7444774
Property profile
Verified
Property type
Commercial kitchens
Use group
TAKE-OUT RESTAURANT
Year built
1988
Construction
WOOD
Total area
4,645 SF
Lot
0.13 ac (5,457 SF)
Zoning code
LAC2
APN
5525-015-024
UPID
US09-7444774
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
-
ZARAPE CANTINA Restaurant
-
The Moon Room Bar & Pub Nightclub
-
The Benjamin Hollywood Restaurant
-
Blockbuster Pop-Up Bar Bar & Pub
-
Stone Street LA Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.17M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.07M
Owner & transaction history
Bungalow Melrase 7174 LLC · 6 yrs held
Bungalow Melrase 7174 LLC
since 2020
Last sale
$1.1M
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
Method
Estimation
Statistic approach
$950,000
ML approach
$1,170,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.07M
Range $959k – $1.17M · ±10% · vs last sale $1.08M (May 18 2020)
Last sale anchor
$1.08M
May 18 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
$229 / 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
$22,573
Tax year 2024
Assessed value
$1,498,445
Assessed 2024
Previous assessed
$1,498,445
+0.0% YoY
Effective rate
1.51%
On assessed value
Assessed land
$975,733
Assessed improvement
$522,712
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
Commercial kitchens
Use group
TAKE-OUT RESTAURANT
Status
Off-Market
Year built
1988
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
1
Total area
4,645 SF
Lot
0.13 ac (5,457 SF)
Zoning code
LAC2
APN
5525-015-024
UPID
US09-7444774
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC2 · Los Angeles, CAZoning 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
Building & site characteristics
From public records
Year built
1988
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
Bungalow Melrase 7174 LLC
Entity
Mailing address
7174 MELROSE AVE, LOS ANGELES, CA 90046-7626
Mailing matches property
Yes
Owner-occupied
Yes
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 26, 2025
—
Bungalow Melrose 7174 LLC
—
Deed
related
$3,260,400 · Mission Valley Bank
May 18, 2020
—
Bungalow Melrase 7174 LLC
7174 Melrase Avenue LLC
Quit Claim Deed
—
Dec 31, 2019
—
Melrose Avenue LLC
—
Deed
related
$2,540,000 · Commercewest Bank
Jul 22, 2016
—
7174 Melrose Avenue LLC
—
Deed
related
$1,000,000 · First Choice Bank
Jun 28, 2013
—
7174 Melrose Avenue LLC
7174 Melrose Avenue LLC
Quit Claim Deed
$1,550,000 · Pacific Premier Bank
Oct 28, 2010
—
7174 Melrose Avenue LLC
Escher,anat
Quit Claim Deed
related
—
Jun 16, 2004
$1,075,000
Anat Escher
Volokh,tr
Grant Deed
$945,000 · Phalen Hureqitz
Jan 27, 1994
—
Volokh,vladimir&anne Trustees
Volokh,v&a
Quit Claim Deed
related
—
—
—
Vladimir Volokh.
—
Deed Of Trust
related
$192,000 · South Pacific Financial Corp
—
—
Bungalow Melrose 7174 LLC
—
Loan Modification
related
—
—
—
7174 Melrose Avenue LLC
—
Deed Of Trust
related
$2,700,000 · Eh National Bank
—
—
Vladimir Volokh
—
Deed Of Trust
related
$200,000 · Southern Pacific Thrift & Loan
—
—
Volokh Trust
—
Deed Of Trust
related
$354,000 · Southern Pacific 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.
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