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Property profile & analytics
OFF-MARKET
Estimated value
$2,920,000
Retail space
7224 Sunset Blvd Los Angeles, CA 90046-3406
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-7250575
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1965
Construction
TILT-UP CONCRETE
Total area
8,854 SF
Lot
0.43 ac (18,751 SF)
Zoning code
LAC4
APN
5548-019-027
UPID
US09-7250575
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
$3.16M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.92M
Owner & transaction history
Mms Sunset Development LLC · 4 yrs held
Mms Sunset Development LLC
since 2022
7 recorded transactions
Zoning & alternative use
LAC4 · 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%
$3,425,000
6.5%
$3,160,000
7%
$2,935,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$4,815,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$2.92M
Range $2.63M – $3.21M · ±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
$330 / 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
$68,987
Tax year 2024
Assessed value
$5,603,177
Assessed 2024
Previous assessed
$5,603,177
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$4,754,211
Assessed improvement
$848,966
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
1965
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Units
1
Total area
8,854 SF
Lot
0.43 ac (18,751 SF)
Zoning code
LAC4
APN
5548-019-027
UPID
US09-7250575
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC4 · Los Angeles, CA
Zoning LAC4 · permitted uses
LAC4 · 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
AUTO REPAIR, GARAGE
Est. value
$4.8M
AUTO REPAIR, GARAGE
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
1965
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
0.43 ac
Current owner
From public records · entity-resolved
Mms Sunset Development LLC
Entity
Free & Clear · 4 yrs held
Mailing address
7288 W SUNSET BLVD STE #208, LOS ANGELES, CA 90046-3434
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
23 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 6, 2022
—
Mms Sunset Development LLC
Sidney Sherman
Grant Deed
—
Feb 28, 2022
—
Sidney Sherman
Scott Howard
Intrafamily Transfer
related
—
Jan 19, 2021
—
Sherman,mario M 2003 Trust
Mario M Sherman
Affidavit Of Death
—
May 10, 2013
—
James D Harvey
Hubbart,larry F
Quit Claim Deed
related
—
May 10, 2013
$1,850,000
Sherman,mario M 2003 Trust
Hubbart,larry F
Grant Deed
—
Oct 12, 2012
—
Gertrude B Tait
Tait,gertrude B
Quit Claim Deed
related
—
Jan 3, 2005
—
Hubbart Trust
Hubbart,irene
Quit Claim Deed
related
—
Dec 15, 2004
—
Irene Hubbart
Hubbart Irene Trust
Quit Claim Deed
related
—
Nov 5, 2004
—
Hubbart Trust
Hubbart,irene
Quit Claim Deed
related
—
Sep 30, 2004
—
Irene Hubbart
Hubbart Irene Trust
Quit Claim Deed
related
—
Jul 1, 2004
—
Hubbart,tr
Hubbard,irene
Quit Claim Deed
related
—
May 3, 2004
—
Irene Hubbart
Hubbart,tr
Quit Claim Deed
related
—
Mar 22, 2004
—
Hubbart,tr
Hubbart,irene
Quit Claim Deed
related
—
Nov 5, 2003
—
Irene Hubbart
Hubbart,tr
Quit Claim Deed
related
—
Oct 15, 2003
—
Hubbart,tr
Hubbart,irene
Quit Claim Deed
related
—
Sep 9, 2003
—
Irene Hubbart
Hubbart,tr
Quit Claim Deed
related
—
Jul 2, 2003
—
Reese,tr
Irene,hubbart
Grant Deed
related
—
May 23, 2003
—
Irene Hubbart
Hubbart,tr
Quit Claim Deed
related
—
Apr 11, 2003
—
Hubbart,tr
Hubbart,irene
Quit Claim Deed
related
—
Mar 12, 2003
—
Hubbart,tr
Hubbart,irene
Quit Claim Deed
related
—
Feb 6, 2003
—
I Hubbart
Hubbart,tr
Quit Claim Deed
related
—
Jul 19, 1996
—
Harvey,creo P Tr Et Al
—
Deed Of Trust
related
—
Aug 14, 1995
—
Harvey,creo P Trustee
Harvey,c P
Quit Claim Deed
related
—
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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