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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Hotels
8224 Broadway Los Angeles, CA 90003-2828
Individually Owned
15-yr Hold
Free & Clear
Property ID
US09-6177550
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1923
Construction
WOOD
Total area
5,859 SF
Lot
0.16 ac (6,850 SF)
Zoning code
LAC2
APN
6031-032-900
UPID
US09-6177550
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
-
Romen NDB OS 278 Airport
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$680k
Comparable Approach
Comparable
$439k
Blend (final)
Blend
$545k
Owner & transaction history
Angeles Homeless Svcs Auth Los · 15 yrs held
Angeles Homeless Svcs Auth Los
since 2010
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%
$735,000
6.5%
$680,000
7%
$630,000
Blend value · Realmo final
$545k
Range $491k – $600k · ±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
$93 / 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
Assessed value
$260,688
Assessed 2024
Previous assessed
$260,688
+0.0% YoY
Assessed land
$260,688
Applied tax rate
6.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1923
Construction
WOOD
Heating
NONE
Buildings
2
Stories
1
Total area
5,859 SF
Lot
0.16 ac (6,850 SF)
Zoning code
LAC2
APN
6031-032-900
UPID
US09-6177550
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.
Building & site characteristics
From public records
Year built
1923
Construction
WOOD
Heating
NONE
Stories
1
Buildings
2
Lot
0.16 ac
Current owner
From public records · entity-resolved
Angeles Homeless Svcs Auth Los
Individual
Free & Clear · 15 yrs held
Mailing address
354 S SPG ST #800, LOS ANGELES, CA 90013-1239
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2017
—
The Los Angeles Homeless Services A
—
Deed
related
$1,000,000 · Wells Fargo Bank NA
Oct 12, 2010
—
Angeles Homeless Svcs Auth Los
Community Redev Agcy Of City/los
Grant Deed
—
Aug 28, 2008
$744,708
Community Redev Agcy Of City/los
Amerinational Cmnty Svcs
Trustees Deed
related
—
Aug 12, 2008
—
Phillip Miles
Creative Neighbors Always Shar
Grant Deed
—
Apr 4, 2000
$118,000
Neighbors Always Shar Creative
Hud
Grant Deed
$110,000 · Money USA
Oct 29, 1992
$275,000
Neighbors Always Sharin Creative
Brandmeyer,donal
Grant Deed
$505,845 · Community Redev Agency
Aug 13, 1991
$200,000
Donal Brandmeyer
Little,william
Grant Deed
$180,000 · Seller
Apr 29, 1991
$211,539
William Little
Brooks,allen D
Trustees Deed
related
—
Aug 23, 1990
$225,000
Brooks Allen D
Little William
Grant Deed
—
Jul 3, 1990
$225,000
Brooks Allen D
Little William
Trustees Deed
$191,250 · Seller
—
—
Phillip Miles
—
Deed Of Trust
related
$55,000 · Seneca Insurance Co INC
—
—
Neighbors Always Shar Creative
—
Deed Of Trust
related
$340,000 · Phillip Miles
—
—
Allen D Brooks
—
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.
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