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Property profile & analytics
FOR LEASE
Parking lots & garages
745 Merchant St Los Angeles, CA 90021
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7193389
For Lease
Contact for pricing
745 Merchant St, Los Angeles, CA 90021
View Listing →
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1946
Total area
3,162 SF
Lot
0.07 ac (3,167 SF)
Zoning code
LAM2
APN
5146-006-024
UPID
US09-7193389
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
-
LAUNCHDTLA Marketing & Advertising Event Planning
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Kayla Merchant Property LLC · 4 yrs held
Kayla Merchant Property LLC
since 2022
6 recorded transactions
Zoning & alternative use
LAM2 · 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
—
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
$11,270
Tax year 2024
Assessed value
$808,390
Assessed 2024
Previous assessed
$808,390
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$806,310
Assessed improvement
$2,080
Applied tax rate
15.0000
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
Parking lots & garages
Use group
PARKING LOT
Status
For Lease
Year built
1946
Heating
NONE
Total area
3,162 SF
Lot
0.07 ac (3,167 SF)
Zoning code
LAM2
APN
5146-006-024
UPID
US09-7193389
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAM2 · Los Angeles, CA
Zoning LAM2 · permitted uses
LAM2 · 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
1946
Heating
NONE
Lot
0.07 ac
Current owner
From public records · entity-resolved
Kayla Merchant Property LLC
Entity
Mailing address
741 MERCHANT ST, LOS ANGELES, CA 90021-1519
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 9, 2022
—
Kayla Merchant Property LLC
Kevin K Penhasi
Intrafamily Transfer
related
—
Apr 14, 2022
—
Kayla Merchant Property LLC
Kevin K Penhasi
Grant Deed
—
Jun 16, 2021
$2,300,000
Kevin K Penhasi
747 Central Avenue LLC
Grant Deed
$1,300,000 · City National Bank
Jun 16, 2021
—
Kevin K Penhasi
Lolita Magsino Penhasi
Intrafamily Transfer
related
—
Jan 12, 2017
—
747 Central Avenue LLC
Rusconi,john
Quit Claim Deed
—
May 21, 2013
$950,009
John Rusconi
Calvin K Au
Grant Deed
$403,000 · Cdc Small Business Finance Corp
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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