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Property profile & analytics
OFF-MARKET
Commercial land
8445 Melrose Ave 8447 West Hollywood, CA 90069-5305
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9098867
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1967
Lot
0.01 ac (590 SF)
Zoning code
LAC4
APN
5528-017-042
UPID
US09-9098867
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Melrose Ah Men LLC · 3 yrs held
Melrose Ah Men LLC
since 2022
7 recorded transactions
Zoning & alternative use
LAC4 · West Hollywood, 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 West Hollywood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Hollywood 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
$819
Tax year 2024
Assessed value
$63,672
Assessed 2024
Previous assessed
$63,672
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$53,060
Assessed improvement
$10,612
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1967
Heating
NONE
Lot
0.01 ac (590 SF)
Zoning code
LAC4
APN
5528-017-042
UPID
US09-9098867
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC4 · West Hollywood, CA
Zoning LAC4 · permitted uses
LAC4 · West Hollywood, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Hollywood. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1967
Heating
NONE
Lot
0.01 ac
Current owner
From public records · entity-resolved
Melrose Ah Men LLC
Entity
Mailing address
819 N LA CIENEGA BLVD, LOS ANGELES, CA 90069-4707
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2022
—
Melrose Ah Men LLC
Ah Men INC
Grant Deed
$9,200,000 · Morgan Stanley Private Bank NA
Feb 26, 2021
$1,400,000
Ah Men INC
300 Alameda LLC
Grant Deed
—
Mar 30, 2016
—
300 Alameda LLC
Ah Men INC
Quit Claim Deed
—
Aug 16, 2007
$6,300,000
Ah Men INC
Hunt,scott D
Grant Deed
$48,800,000 · Natixis Real Estate Capital
Jan 13, 2005
$774,000
Scott D Hunt
Morell,gray
Grant Deed
related
—
—
—
Ah Men INC
—
Loan Modification
related
$4,950,000 · Cathay Bk
—
—
300 Alameda LLC
—
Deed Of Trust
related
$3,500,000 · 705 Alfred LLC
Jun 14, 1962
—
—
—
Grant Deed
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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