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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Motels
823 Pr Ave Inglewood, CA 90301-3533
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US09-9821294
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1946
Construction
WOOD
Total area
4,292 SF
Lot
0.26 ac (11,526 SF)
Zoning code
INC2YY
APN
4024-007-008
UPID
US09-9821294
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
$665k
CAP Approach
CAP
$415k
Comparable Approach
Comparable
$535k
Blend (final)
Blend
$535k
Owner & transaction history
Shankarbhai R Patel · 2 yrs held
Shankarbhai R Patel
since 2023
7 recorded transactions
Zoning & alternative use
INC2YY · Inglewood, 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 Inglewood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Inglewood 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
$665,000
CAP Approach
CAP Return
Estimation
6%
$450,000
6.5%
$415,000
7%
$385,000
Blend value · Realmo final
$535k
Range $482k – $589k · ±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
$125 / 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
$22,601
Tax year 2024
Assessed value
$1,638,468
Assessed 2024
Previous assessed
$1,638,468
+0.0% YoY
Effective rate
1.38%
On assessed value
Assessed land
$1,365,392
Assessed improvement
$273,076
Applied tax rate
4.0000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1946
Construction
WOOD
Heating
CENTRAL
Cooling
YES
Buildings
3
Stories
1
Units
24
Bathrooms
2
Total area
4,292 SF
Lot
0.26 ac (11,526 SF)
Zoning code
INC2YY
APN
4024-007-008
UPID
US09-9821294
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
INC2YY · Inglewood, CA
Zoning INC2YY · permitted uses
INC2YY · Inglewood, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Inglewood. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1946
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
3
Units
24
Bathrooms
2
Lot
0.26 ac
Current owner
From public records · entity-resolved
Shankarbhai R Patel
Individual
Mailing address
823 S PR AVE, INGLEWOOD, CA 90301-3533
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
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
Oct 3, 2023
—
Shankarbhai R Patel
Shankarbhai R Patel
Affidavit Of Death Of Joint Tenant
related
—
May 4, 2017
$1,200,000
Shankarbhai R Patel
Patel J S & K J Trust
Grant Deed
related
$1,200,000 · Patel J S & K J Tr (pt)
Jan 2, 2002
—
Patel,jayantilal S & Kala J Tr
Patel,j S & K J
Quit Claim Deed
related
—
—
—
Patel Jayantilal S & K J Trust
—
Deed Of Trust
related
$400,000 · Nara Bank
—
—
Jayantilal Patel
—
Deed Of Trust
related
$385,000 · Mechanics National Bank
—
—
Jayantilal S Patel
—
Deed Of Trust
related
$192,500 · Robert Eisenstadt Trustee
—
—
Jayantilal S Patel
—
Deed Of Trust
related
$180,000 · Highland Federal Bank
—
—
Jayantilal S Patel
—
Deed Of Trust
related
$432,000 · Tessier Trust
—
—
Patel J S & K J Living Trust
—
Deed Of Trust
related
$350,000 · Bbu Bank
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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