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Property profile & analytics
OFF-MARKET
Estimated value
$1,660,000
Hotels
817 Fries Ave Wilmington, CA 90744-4401
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US09-8032424
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1923
Construction
WOOD
Total area
19,140 SF
Lot
0.17 ac (7,513 SF)
Zoning code
LARD1.5
APN
7416-031-017
UPID
US09-8032424
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
$1.84M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.66M
Owner & transaction history
Starbiano LLC · 8 yrs held
Starbiano LLC
since 2017
7 recorded transactions
Zoning & alternative use
LARD1.5 · Wilmington, 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 Wilmington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wilmington 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%
$1,990,000
6.5%
$1,835,000
7%
$1,705,000
Blend value · Realmo final
$1.66M
Range $1.49M – $1.83M · ±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
$87 / 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
$24,638
Tax year 2024
Assessed value
$1,904,590
Assessed 2024
Previous assessed
$1,904,590
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$656,753
Assessed improvement
$1,247,837
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1923
Construction
WOOD
Heating
NONE
Stories
1
Units
58
Bathrooms
18
Total area
19,140 SF
Lot
0.17 ac (7,513 SF)
Zoning code
LARD1.5
APN
7416-031-017
UPID
US09-8032424
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LARD1.5 · Wilmington, CA
Zoning LARD1.5 · permitted uses
LARD1.5 · Wilmington, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wilmington. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1923
Construction
WOOD
Heating
NONE
Stories
1
Units
58
Bathrooms
18
Lot
0.17 ac
Current owner
From public records · entity-resolved
Starbiano LLC
Entity
Mailing address
PO BOX 626, HERMOSA BEACH, CA 90254-0626
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 3, 2022
—
Starbiano LLC
—
Deed
related
$577,600 · United States Small Business Admin
Aug 28, 2017
—
Starbiano LLC
Libiano,lance E
Quit Claim Deed
related
—
Jul 19, 2017
$446,500
Lance E Libiano
Nika Investment Group LLC
Grant Deed
$450,000 · Sterk Investments INC
Jun 29, 2017
—
Starbiano LLC
—
Grant Deed
related
$2,100,000 · Pacific Premier Bk
Jan 19, 2016
$298,000
Nika Invesment Group LLC
Casa De Oro INC
Grant Deed
—
Oct 6, 2006
—
Starbiano LLC
Libiano,lance
Grant Deed
—
Jul 7, 2006
—
Lance Libiano
Veluweplein Business Trust
Grant Deed
related
—
Apr 30, 2004
$1,600,000
Veluweplein,tr
817 N Fries LLC
Grant Deed
$960,000 · Wilshire State Bank
Sep 29, 1999
$440,000
817 N Fries LLC
Patel,babarbhai D & Laxmiben B
Grant Deed
$440,000 · Seller
—
—
Starbiano LLC
—
Deed Of Trust
related
$1,860,000 · Private Individual
—
—
817 N Fries LLC
—
Deed Of Trust
related
$60,000 · Ladelle
—
—
817 N Fries LLC
—
Deed Of Trust
related
$150,000 · Cynthia J & Frank
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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