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Property profile & analytics
OFF-MARKET
Estimated value
$725,000
Apartment buildings
719 47th St Los Angeles, CA 90037-3158
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6855388
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1916
Construction
WOOD
Total area
6,242 SF
Lot
0.19 ac (8,421 SF)
Zoning code
LARD2
APN
5018-028-008
UPID
US09-6855388
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
$918k
Blend (final)
Blend
$725k
Owner & transaction history
Wilshire Asset Group LLC · 9 yrs held
Wilshire Asset Group LLC
since 2016
7 recorded transactions
Zoning & alternative use
LARD2 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,065,000
Current use
Blend value · Realmo final
$725k
Range $653k – $798k · ±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
$116 / 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
$10,638
Tax year 2024
Assessed value
$784,723
Assessed 2024
Previous assessed
$784,723
+0.0% YoY
Effective rate
1.36%
On assessed value
Assessed land
$470,835
Assessed improvement
$313,888
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1916
Construction
WOOD
Heating
NONE
Cooling
YES
Buildings
3
Units
10
Bathrooms
2
Total area
6,242 SF
Lot
0.19 ac (8,421 SF)
Zoning code
LARD2
APN
5018-028-008
UPID
US09-6855388
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LARD2 · Los Angeles, CA
Zoning LARD2 · permitted uses
LARD2 · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS) Current
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
1916
Construction
WOOD
Heating
NONE
Cooling
Yes
Buildings
3
Units
10
Bathrooms
2
Lot
0.19 ac
Current owner
From public records · entity-resolved
Wilshire Asset Group LLC
Entity
Mailing address
8721 SANTA MONICA BLVD #339, WEST HOLLYWOOD, CA 90069-4507
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 25, 2022
—
Wilshire Asset Group LLC
—
Deed
related
$1,550,000 · First Republic Bank
Dec 28, 2016
—
Wilshire Asset Group LLC
Encore Construction LLC
Grant Deed
$1,080,000 · Hunt Mortgage Partners LLC
Feb 1, 2013
$650,000
Encore Construction LLC
Jose R Torres
Grant Deed
$422,500 · Farmers & Merchants Bank Of Long Be
Jun 21, 2007
—
Jose R Torres
Torres,martha
Quit Claim Deed
related
$511,000 · United Commercial Bank
Nov 17, 2004
—
Jose R Torres
Parga,geronimo
Quit Claim Deed
related
—
Apr 8, 2004
—
Demetrios Mavromichalis
Mavromichalis,julie A
Quit Claim Deed
related
—
Apr 8, 2004
$615,000
Geronimo Parga
Mavromichalis,demetrios
Grant Deed
$461,250 · One United Bank
Jul 3, 2002
$325,000
Demetrios Mavromichalis
Woodhouse,ernie
Grant Deed
$260,000 · Family Savings Bank
Nov 22, 1993
—
Ernie Woodhouse
—
Grant Deed
related
$231,862 · Family Savings Bank
Mar 1, 1988
$128,000
Ernie Woodhouse
Unknown
Grant Deed
—
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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