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Property profile & analytics
OFF-MARKET
Motels
8320 Figueroa St Los Angeles, CA 90003-2727
Individually Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7927862
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1953
Construction
WOOD
Total area
2,852 SF
Lot
0.14 ac (6,316 SF)
Zoning code
LAR3
APN
6032-033-003
UPID
US09-7927862
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
-
Sunrise Motel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Bhavin B Patel · 6 yrs held
Bhavin B Patel
since 2019
7 recorded transactions
Zoning & alternative use
LAR3 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$7,418
Tax year 2024
Assessed value
$568,911
Assessed 2024
Previous assessed
$568,911
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$455,130
Assessed improvement
$113,781
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
1953
Construction
WOOD
Heating
NONE
Stories
1
Units
11
Bathrooms
11
Total area
2,852 SF
Lot
0.14 ac (6,316 SF)
Zoning code
LAR3
APN
6032-033-003
UPID
US09-7927862
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAR3 · Los Angeles, CA
Zoning LAR3 · permitted uses
LAR3 · 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
1953
Construction
WOOD
Heating
NONE
Stories
1
Units
11
Bathrooms
11
Lot
0.14 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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 21, 2019
—
Bhavin B Patel
Patel Family Living Tru
Quit Claim Deed
—
Feb 1, 2018
—
Patel Family Living Trust
Jerubha & LLC
Quit Claim Deed
—
Jul 5, 2017
—
Jerubha & LLC
Patel,bhavin & Rupal B
Quit Claim Deed
—
Oct 3, 2016
$500,000
Bhavin Patel
Bhagavati Noah LLC
Grant Deed
—
Apr 25, 2005
$300,000
Bhagavati Noah LLC
Gandhi,pravinkumar R
Grant Deed
$195,000 · Commonwealth Business Bank
Jun 19, 2000
$132,000
Pravinkumar R Ganfhi
Bhakta,arvind D & Bhavana
Grant Deed
$112,000 · Budget National Finance Co
Jan 6, 1989
$180,000
Bhakta Arvind D
Yang Sheng C And
Grant Deed
related
$140,000 · Los Angeles National Bank
—
—
Bhakta Arvind D
—
Deed Of Trust
related
$55,000 · Chin Siao P
—
—
Bhagavati Noah LLC
—
Deed Of Trust
related
$175,000 · Commonwealth Business Bank
—
—
Pravinkumar R Gandhi
—
Deed Of Trust
related
$520,000 · Imperial Bank
—
—
Arvind D Bhakta
—
Deed Of Trust
related
$16,800 · Us Small Business Admn
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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