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Property profile & analytics
OFF-MARKET
Estimated value
$1,170,000
Community centers
7351 Melrose Ave Los Angeles, CA 90046
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7303336
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1984
Construction
WOOD
Total area
6,072 SF
Lot
0.21 ac (8,966 SF)
Zoning code
LAC4
APN
5526-009-031
UPID
US09-7303336
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
$1.17M
Owner & transaction history
7351 Melrose LLC · 4 yrs held
7351 Melrose 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$193 / 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
$19,767
Tax year 2024
Assessed value
$1,123,783
Assessed 2024
Previous assessed
$1,123,783
+0.0% YoY
Effective rate
1.76%
On assessed value
Assessed land
$407,165
Assessed improvement
$716,618
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1984
Construction
WOOD
Heating
NONE
Stories
1
Total area
6,072 SF
Lot
0.21 ac (8,966 SF)
Zoning code
LAC4
APN
5526-009-031
UPID
US09-7303336
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.
Building & site characteristics
From public records
Year built
1984
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.21 ac
Current owner
From public records · entity-resolved
7351 Melrose LLC
Entity
Mailing address
1559 S SEPULVEDA BLVD, LOS ANGELES, CA 90025-3311
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 21, 2022
—
7351 Melrose LLC
Soleiman Hakakian
Grant Deed
—
Nov 19, 2021
—
Soleiman Hakakian
Soleiman Hakakian
Intrafamily Transfer
related
—
Dec 20, 2017
—
Hakakian Family Trust
—
Deed
related
$1,463,000 · Mizrahi Tefahot Bk Ltd Los Ang
Feb 10, 2014
—
Hakakian Family Trust
Hakakian,soleiman
Quit Claim Deed
related
—
Aug 10, 1998
—
Mois Refoua
—
Deed Of Trust
related
$1,000,000 · United Mizrahi Bank Ltd
Jun 10, 1996
—
Mois Refoua
Eisenstadt,b
Grant Deed
related
—
Dec 21, 1993
—
Benjamin Eisenstadt
Sharfman,s&b M
Quit Claim Deed
related
—
Jun 17, 1993
$745,507
Sharfman,trust
Shlomof,jack & M
Trustees Deed
related
—
—
—
Mois Refoua
—
Deed Of Trust
related
$910,000 · United Mizrahi Bank Ltd
—
—
Hakakian Family Trust
—
Loan Modification
related
$1,463,000 · Mizrahi Tefahot Bk Ltd Los Ang
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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