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Property profile & analytics
FOR SALE
Motels
8301 S Figueroa St Los Angeles, CA 90003
Individually Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7997683
For Sale
1 / 34
$1,600,000
8301 S Figueroa St, Los Angeles, CA 90003
View Listing →
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1964
Construction
WOOD
Total area
5,002 SF
Lot
0.19 ac (8,248 SF)
Zoning code
LAC2
APN
6032-020-001
UPID
US09-7997683
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
-
New Bay Motel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$475k
CAP Approach
CAP
$580k
Comparable Approach
Comparable
$784k
Blend (final)
Blend
$615k
Owner & transaction history
Bhavin B Patel · 6 yrs held
Bhavin B Patel
since 2019
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
$475,000
CAP Approach
CAP Return
Estimation
6%
$625,000
6.5%
$580,000
7%
$540,000
Blend value · Realmo final
$615k
Range $554k – $677k · ±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
$123 / 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
$18,992
Tax year 2024
Assessed value
$1,509,093
Assessed 2024
Previous assessed
$1,509,093
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$603,637
Assessed improvement
$905,456
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
For Sale
Year built
1964
Construction
WOOD
Heating
NONE
Stories
2
Units
21
Bathrooms
21
Total area
5,002 SF
Lot
0.19 ac (8,248 SF)
Zoning code
LAC2
APN
6032-020-001
UPID
US09-7997683
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
1964
Construction
WOOD
Heating
NONE
Stories
2
Units
21
Bathrooms
21
Lot
0.19 ac
Current owner
From public records · entity-resolved
Bhavin B Patel
Individual
Mailing address
12130 CAMBRIAN CIR, ARTESIA, CA 90701-7051
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
19 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2022
—
Jerubha Life LLC
—
Deed
related
$500,000 · First General Bank
Nov 21, 2019
—
Bhavin B Patel
Patel Family Living Trust
Quit Claim Deed
—
Feb 1, 2018
—
Patel Family Living Trust
Jerubha Life LLC
Quit Claim Deed
—
Oct 2, 2017
—
Jerubha Life LLC
—
Deed
related
$600,000 · Uniti Bank
Jul 5, 2017
—
Jerubha Life LLC
Petel,bhavin B
Quit Claim Deed
—
Oct 19, 2012
$1,250,000
Bhavin B Petel
Shri Ganesh Sai LLC
Grant Deed
—
Oct 19, 2012
—
Bhavin B Patel
Parekh,rupalbahen S
Quit Claim Deed
related
$650,000 · Choong Shik Choi Mem Fund
Sep 19, 2008
—
Shri Ganesh Sai LLC
Ahir,vikash H
Quit Claim Deed
related
—
Sep 28, 2004
—
Vikash H Ahir
Ahir,purvi V
Quit Claim Deed
related
—
Sep 28, 2004
$510,000
Vikash H Ahir
Ahir,nilesh H
Grant Deed
related
$285,000 · Hanmi Bank
Apr 11, 2003
—
Nilesh H Ahir
Patel,nita M
Quit Claim Deed
related
—
Jan 6, 2003
$504,000
Nilesh H Ahir
Solanki,naresh & Priti N
Grant Deed
related
$302,000 · Hanmi Bank
Feb 16, 1994
—
Naresh Solanki
Rathod,v S&a V
Quit Claim Deed
related
—
May 2, 1990
$625,000
Rathod Vrajlal S
Narsai Kishor
Trustees Deed
related
$434,000 · First Fidelity Thrift & Loan
—
—
Vrajlal S Rathod
—
Deed Of Trust
related
$460,000 · Government Funding
—
—
Vikash H Ahir
—
Deed Of Trust
related
$310,000 · Hasmukhbhai R Ahir
—
—
Vikash H Ahir
—
Deed Of Trust
related
$255,000 · Hasmukhbhai R Ahir
—
—
Vikash H Ahir
—
Deed Of Trust
related
$700,000 · Hanmi Bank
—
—
Vrajlal S Rathod
—
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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