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Property profile & analytics
OFF-MARKET
Estimated value
$1,215,000
High-rise multifamily apartments
840 Hobart Blvd Los Angeles, CA 90005-2773
Entity Owned
22-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6870325
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1929
Construction
TILT-UP CONCRETE
Total area
69,610 SF
Lot
0.35 ac (15,061 SF)
Zoning code
LAR4
APN
5093-017-009
UPID
US09-6870325
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
-
MELT-LA Construction Company General Contractor
-
Rugrat Angels (Bike/Boat/Book/etc) Store Clothing & Fashion Store
-
Studiob62 (Bike/Boat/Book/etc) Store
-
Endeavor Applications Tech Support Center IT Consulting Firm
-
Wendover Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$840k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.59M
Blend (final)
Blend
$1.22M
Owner & transaction history
Wendover Apartments LLC · 22 yrs held
Wendover Apartments LLC
since 2003
7 recorded transactions
Zoning & alternative use
LAR4 · 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
$840,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.22M
Range $1.09M – $1.34M · ±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
$17 / 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
$55,174
Tax year 2024
Assessed value
$4,037,385
Assessed 2024
Previous assessed
$4,037,385
+0.0% YoY
Effective rate
1.37%
On assessed value
Assessed land
$868,994
Assessed improvement
$3,168,391
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
1929
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Units
108
Total area
69,610 SF
Lot
0.35 ac (15,061 SF)
Zoning code
LAR4
APN
5093-017-009
UPID
US09-6870325
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAR4 · Los Angeles, CA
Zoning LAR4 · permitted uses
LAR4 · 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
1929
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Units
108
Lot
0.35 ac
Current owner
From public records · entity-resolved
Wendover Apartments LLC
Entity
Mailing address
6300 WILSHIRE BLVD STE #1800, LOS ANGELES, CA 90048-5236
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2003
—
Wendover Apartments LLC
Hobart Investment Partners LLC
Grant Deed
$4,400,000 · Greenwich Capital Fin'l Produc
Jun 7, 2002
—
Hobart Investment Partners LLC
826-840 Hobart LLC
Quit Claim Deed
related
$3,100,000 · Pacific Western National Bank
Jun 29, 2000
—
826-840 Hobart LLC
—
Deed Of Trust
related
$2,081,250 · Imperial Capital Bank
May 31, 2000
—
826-840 Hobart
Jaihooni,f
Grant Deed
related
—
May 5, 2000
—
Fred Jaihooni
Mazel Ca LP
Grant Deed
$779,053 · First American Exchange Corp
Jun 19, 1995
—
Fred Paulos
Paulos,l L
Quit Claim Deed
related
—
May 16, 1995
$933,037
Fred Paulos
Tabello,joseph G
Trustees Deed
—
Mar 29, 1990
—
Tabel 1207050 10
Web
Quit Claim Deed
related
—
—
—
826-840 Hobart LLC
—
Deed Of Trust
related
$165,000 · Dayco Funding Corp
—
—
826-840 Hobart LLC
—
Deed Of Trust
related
$448,000 · Dayoo Funding Corp
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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