Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$965,000
Grocery and convenience stores
7951 Melrose Ave Los Angeles, CA 90046-7109
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US09-8196990
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1930
Construction
TILT-UP CONCRETE
Total area
4,200 SF
Lot
0.11 ac (4,644 SF)
Zoning code
LAC4
APN
5527-013-001
UPID
US09-8196990
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
-
Melrose Carpet, Inc. Carpet & Flooring Store
-
Melrose Carpet Carpet & Flooring Store
-
Hostingduba Data Center IT Consulting Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$975k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$965k
Owner & transaction history
7951 Melrose Associates LLC · 6 yrs held
7951 Melrose Associates LLC
since 2020
Last sale
$1.0M
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
$885,000
ML approach
$975,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$965k
Range $869k – $1.06M · ±10% · vs last sale $1.00M (Jul 9 2020)
Last sale anchor
$1.00M
Jul 9 2020
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
$230 / 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
$17,985
Tax year 2024
Assessed value
$1,444,727
Assessed 2024
Previous assessed
$1,444,727
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$637,377
Assessed improvement
$807,350
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1930
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
4,200 SF
Lot
0.11 ac (4,644 SF)
Zoning code
LAC4
APN
5527-013-001
UPID
US09-8196990
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
1930
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
7951 Melrose Associates LLC
Entity
Mailing address
7951 MELROSE AVE, LOS ANGELES, CA 90046-7109
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
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
Jul 9, 2020
—
7951 Melrose Associates LLC
7951 Melrose Associates LLC
Intrafamily Transfer
related
$200,000 · City National Bank
Jul 13, 2017
—
7951 Melrose Associates LLC
Novian Living Trust
Quit Claim Deed
related
—
Apr 11, 2006
—
Novian Living Trust
Novian,isac
Quit Claim Deed
related
—
Mar 16, 2006
—
Isac Novian
Novian,sharereh
Quit Claim Deed
related
—
Jun 10, 2005
—
Isac Novian
Novian Isac 1993 Trust
Quit Claim Deed
related
$1,400,000 · Standard Insurance Co
Apr 29, 1999
—
Novian Trust
—
Deed Of Trust
related
$1,150,000 · Standard Mortgage Co INC
Mar 25, 1994
—
Novian,isac Trustee
Novian,i
Quit Claim Deed
related
—
Apr 2, 1993
$1,000,000
Amir Novian
Weisz,serena
Grant Deed
$850,000 · Frontier National Bank
Jul 17, 1992
—
Serena Weisz
—
Deed Of Trust
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 7951 Melrose Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
