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Property profile & analytics
OFF-MARKET
Estimated value
$3,075,000
Community centers
8500 Olympic Blvd Los Angeles, CA 90035-8500
Individually Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US10-0444071
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1984
Construction
TILT-UP CONCRETE
Total area
9,835 SF
Lot
0.47 ac (20,281 SF)
Zoning code
LAC2
APN
4332-030-028
UPID
US10-0444071
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
-
7-Eleven Grocery & Convenience Store
-
Wingstop Restaurant
-
Fat Tomato Pizza La Cienega Restaurant
-
Citibank ATM Atm
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.10M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.08M
Owner & transaction history
Scott Lorenz · 3 yrs held
Scott Lorenz
since 2022
7 recorded transactions
Zoning & alternative use
LAC2 · Los Angeles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.9M
+18.5%
Medical building
$4.5M
+7.6%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$4,440,000
6.5%
$4,100,000
7%
$3,805,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$4,165,000
Current use
OFFICE BUILDING
$4,935,000
Change: +19% · Conversion: Moderate
MEDICAL BUILDING
$4,480,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$3.08M
Range $2.77M – $3.38M · ±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
$313 / 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
$67,045
Tax year 2024
Assessed value
$5,417,074
Assessed 2024
Previous assessed
$5,417,074
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$4,280,514
Assessed improvement
$1,136,560
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1984
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
9,835 SF
Lot
0.47 ac (20,281 SF)
Zoning code
LAC2
APN
4332-030-028
UPID
US10-0444071
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.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$4.2M
OFFICE BUILDING
Est. value
$4.9M
MEDICAL BUILDING
Est. value
$4.5M
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1984
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.47 ac
Current owner
From public records · entity-resolved
Scott Lorenz
Individual
Free & Clear · 3 yrs held
Mailing address
201 S LK AVE6THFL, PASADENA, CA 91101-3004
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 1, 2022
—
Scott Lorenz
Eugene Nasch
Affidavit Death Of Trustee/successor Trustee
—
Apr 13, 2012
—
Nasch La Cienega LLC
Zeff Helen C Living Trust
Grant Deed
—
May 24, 2011
—
Jeffrey D Nasch
Nasch Family Trust
Quit Claim Deed
related
—
Mar 12, 2010
—
Zeff Helen C Living Trust
Zeff,helen C
Quit Claim Deed
related
—
Jan 7, 2010
—
Northern Trust
Nasch,eugene
Affidavit Of Death
—
Apr 20, 2007
—
Helen C Zeff
Nasch Julius & E Fam Trust
Grant Deed
related
—
Apr 12, 2007
—
Nasch Julius & E Fam Trust
Nasch Julius & E Fam Trust
Quit Claim Deed
related
—
Nov 2, 2004
—
Nasch Julius & Elvira Trust
Nasch Julius & E Trust
Quit Claim Deed
related
—
Mar 2, 1990
—
Nasch Fmly Tr
Nasch Julius&elv
Quit Claim 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.
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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