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Property profile & analytics
OFF-MARKET
Estimated value
$10,030,000
Investment properties
740 Alvarado St 38 Los Angeles, CA 90057-4352
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-1725648
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
2022
Construction
WOOD
Total area
44,550 SF
Lot
0.38 ac (16,689 SF)
Zoning code
LAC2
APN
5141-019-007
UPID
US09-1725648
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
-
Precision Concrete Co Construction Company General Contractor
-
740 S Alvarado Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$13.88M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.03M
Owner & transaction history
Westlake Macarthur Park Apartments · 4 yrs held
Westlake Macarthur Park Apartments
since 2022
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$15,035,000
6.5%
$13,880,000
7%
$12,890,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$13,345,000
Current use
INDUSTRIAL (GENERAL)
$12,605,000
Change: -6% · Conversion: Moderate
Blend value · Realmo final
$10.03M
Range $9.03M – $11.03M · ±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
$225 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$380,320
Tax year 2023
Assessed value
$31,365,000
Assessed 2023
Previous assessed
$31,365,000
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$7,140,000
Assessed improvement
$24,225,000
Applied tax rate
12.0000
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
2022
Construction
WOOD
Heating
NONE
Stories
1
Units
80
Bathrooms
8
Total area
44,550 SF
Lot
0.38 ac (16,689 SF)
Zoning code
LAC2
APN
5141-019-007
UPID
US09-1725648
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
COMMERCIAL (GENERAL) Current
Est. value
$13.3M
INDUSTRIAL (GENERAL)
Est. value
$12.6M
COMMERCIAL (GENERAL) Current
INDUSTRIAL (GENERAL)
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
2022
Construction
WOOD
Heating
NONE
Stories
1
Units
80
Bathrooms
8
Lot
0.38 ac
Current owner
From public records · entity-resolved
Westlake Macarthur Park Apartments
Individual
Mailing address
2600 WILSHIRE BLVD3RDFL, LOS ANGELES, CA 90057-3400
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 28, 2022
—
Westlake Macarthur Park Apartments
740 Alvarado Jv LLC
Grant Deed
$15,000,000 · 740 Alvarado Jv LLC
Jan 2, 2020
—
740 Alvarado Jv LLC
—
Grant Deed
related
$15,000,000 · Western Alliance Bk
Aug 5, 2019
$5,000,000
740 Alvarado Jv LLC
Lee 2008 Family Trust
Grant Deed
—
Jul 26, 2018
—
Lee 2008 Family Trust
Lee,henry H & Kitty C
Quit Claim Deed
related
—
Jul 13, 2012
—
Mirksy Phyllis Trust
Mirsky,phyllis
Affidavit Of Death
related
—
May 31, 2012
—
Hal S Mirsky
Mmirsky Phyllis Trust
Quit Claim Deed
$1,700,000 · Bbu Bank
May 31, 2012
$2,800,000
Henry H Lee
Kasten,stephen J & Rochelle C
Grant Deed
—
—
—
Ida Kasten
—
Deed Of Trust
related
$900,000 · Hawthorne Savings Bank Fsb
—
—
Kasten Ida
—
Deed Of Trust
related
$720,000 · Highland Federal 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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