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Property profile & analytics
OFF-MARKET
Estimated value
$1,655,000
Investment properties
8550 3rd St Los Angeles, CA 90048-4122
Entity Owned
18-yr Hold
Free & Clear
Property ID
US09-8325133
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1963
Construction
WOOD
Total area
9,594 SF
Lot
0.15 ac (6,502 SF)
Zoning code
LAC2
APN
4334-009-027
UPID
US09-8325133
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
-
Perfect Cleaners (Bike/Boat/Book/etc) Store
-
Bargain Porta Potty Rental Los Angeles Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.66M
Owner & transaction history
Somito Capital · 18 yrs held
Somito Capital
since 2007
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$173 / 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
$50,822
Tax year 2024
Assessed value
$4,146,380
Assessed 2024
Previous assessed
$4,146,380
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$3,757,666
Assessed improvement
$388,714
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1963
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
1
Total area
9,594 SF
Lot
0.15 ac (6,502 SF)
Zoning code
LAC2
APN
4334-009-027
UPID
US09-8325133
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
1963
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
Somito Capital
Entity
Free & Clear · 18 yrs held
Mailing address
PO BOX 17119, BEVERLY HILLS, CA 90209-3119
Ownership since
2007
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
Aug 9, 2007
$3,900,000
Somito Capital
Third Holt
Grant Deed
related
—
Jan 26, 2007
$5,500,000
Somito Capital
Franscell G & B Living Trust
Grant Deed
$3,000,000 · Franscell G & B Living Trust
May 16, 2000
—
Franscell,john R & Betty J Trust
Franscell,j R & B J Trustees
Quit Claim Deed
related
—
Apr 19, 1996
—
Fransvell John R Co Tr Et Al
—
Deed Of Trust
related
—
Aug 10, 1994
—
Franscell Joseph J
Franscell,j J
Quit Claim Deed
related
—
Oct 25, 1993
—
Franscell John R Co Tr Et Al
—
Deed Of Trust
related
—
May 14, 1992
—
Franscell George J Co Tr Et Al
—
Deed Of Trust
related
—
—
—
Somito Capital
—
Deed Of Trust
related
$3,000,000 · No Lender On Document
—
—
Franscell,tr
—
Deed Of Trust
related
$100,000 · Wells Fargo Bank
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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