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Property profile & analytics
OFF-MARKET
Estimated value
$795,000
Retail space
815 La Cienega Blvd Los Angeles, CA 90069-4707
Entity Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7305152
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1940
Construction
WOOD
Total area
2,380 SF
Lot
0.14 ac (5,980 SF)
Zoning code
LAC4
APN
4337-002-039
UPID
US09-7305152
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
-
Marc Phillips Decorative Rugs (Bike/Boat/Book/etc) Store Carpet & Flooring Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$850k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$795k
Owner & transaction history
Bobby P Properties LLC · 13 yrs held
Bobby P Properties LLC
since 2012
7 recorded transactions
Zoning & alternative use
LAC4 · Los Angeles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.3M
+32.4%
Office building
$1.2M
+22.2%
Medical building
$1.1M
+11.0%
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%
$920,000
6.5%
$850,000
7%
$790,000
Alternative Use
Use
Estimation
RETAIL STORES
$975,000
Current use
AUTO REPAIR, GARAGE
$1,295,000
Change: +32% · Conversion: Difficult
OFFICE BUILDING
$1,195,000
Change: +22% · Conversion: Easy
MEDICAL BUILDING
$1,085,000
Change: +11% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,010,000
Change: +3% · Conversion: Moderate
Blend value · Realmo final
$795k
Range $716k – $875k · ±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
$334 / 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
$34,054
Tax year 2024
Assessed value
$2,790,643
Assessed 2024
Previous assessed
$2,790,643
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$2,414,562
Assessed improvement
$376,081
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
1940
Construction
WOOD
Heating
NONE
Stories
1
Total area
2,380 SF
Lot
0.14 ac (5,980 SF)
Zoning code
LAC4
APN
4337-002-039
UPID
US09-7305152
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
RETAIL STORES Current
Est. value
$975,000
AUTO REPAIR, GARAGE
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.0M
RETAIL STORES Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1940
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Bobby P Properties LLC
Entity
Mailing address
979 3RD AVE STE #211, NEW YORK, NY 10022-1294
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2021
—
Bobby P Properties LLC
—
Deed
related
$2,747,000 · Citizens Bank & Trust Co
Feb 21, 2019
—
Bobby P Properties LLC
—
Deed
related
$2,100,000 · Wells Fargo Bank NA
Oct 31, 2012
$2,400,024
Bobby P Properties LLC
Victor Sands
Grant Deed
$1,455,000 · Jpmorgan Chase Bank NA
Aug 5, 2011
$1,300,000
Sands Family Trust
First American Title Ins
Trustees Deed
related
—
Oct 7, 2005
$850,000
Tatiana Khan
Berger,roland
Grant Deed
$600,000 · Joanne Chao
Feb 17, 1995
—
Roland Berger
Berger,k D
Quit Claim Deed
related
—
Feb 17, 1995
$460,000
Berger,roland
First Credit Bank
Trustees Deed
—
Nov 4, 1994
$121,000
Roland Berger
Sayah-karaji,iraj
Grant Deed
—
Mar 23, 1989
$796,455
Karaji Iraj S
Kauf
Grant Deed
—
Apr 29, 1988
$750,000
Howard Kaufman
Zeit
Grant Deed
—
—
—
Karaji Iraj S
—
Deed Of Trust
related
$500,000 · First Credit Bank
—
—
Bobby P Properties LLC
—
Deed Of Trust
related
$1,048,000 · Cdc Small Busn Fin
—
—
Tatiana Khan
—
Deed Of Trust
related
—
—
—
Roland Berger
—
Deed Of Trust
related
$415,000 · First Credit Bank
—
—
Howard Kaufman
—
Deed Of Trust
related
$510,000 · City National Bank
—
—
Tatiana Khan
—
Deed Of Trust
related
$2,400,000 · Victor Sands
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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