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Property profile & analytics
OFF-MARKET
Estimated value
$9,550,000
Hotels
8639 Lincoln Blvd Los Angeles, CA 90045-3503
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7591884
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1968
Construction
CONCRETE
Total area
129,691 SF
Lot
1.15 ac (49,978 SF)
Zoning code
LAC4
APN
4119-026-036
UPID
US09-7591884
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
-
Scenic Route Restaurant
-
Custom Hotel Hotel & Motel
-
Amanda's Car Towings Company Los Angeles Auto Parts Store
-
Brasilidade Samba & Pagode Show Party Supply Store Rental Equipment Company
-
Supper Series at Hotel June Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.55M
Owner & transaction history
Playa Proper Jv LLC · 8 yrs held
Playa Proper Jv LLC
since 2017
7 recorded transactions
Zoning & alternative use
LAC4 · 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
$74 / 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
$570,844
Tax year 2024
Assessed value
$46,511,811
Assessed 2024
Previous assessed
$46,511,811
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$7,250,872
Assessed improvement
$39,260,939
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1968
Construction
CONCRETE
Heating
NONE
Buildings
2
Units
250
Total area
129,691 SF
Lot
1.15 ac (49,978 SF)
Zoning code
LAC4
APN
4119-026-036
UPID
US09-7591884
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC4 · Los Angeles, CA
Zoning LAC4 · permitted uses
LAC4 · 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
1968
Construction
CONCRETE
Heating
NONE
Buildings
2
Units
250
Lot
1.15 ac
Current owner
From public records · entity-resolved
Playa Proper Jv LLC
Entity
Mailing address
73 MARKET ST STE #250, VENICE, CA 90291-3603
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
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
Oct 19, 2022
—
Playa Proper Jv LLC
—
Deed
related
$42,000,000 · Rref IV D Dli Lincoln LLC
Jun 21, 2022
—
Ap Wireless Investments I LLC
—
Deed
related
$165,000,000 · Deutsche Bank Trust Co Americas
Aug 16, 2017
$32,955,000
Playa Proper Jv LLC
Khanna Ents General Ptshp
Grant Deed
$38,500,000 · Ab Com'l R/e Debt-b2 Sa Rl
May 22, 2014
—
Khanna Enterprise General Partnersh
Custom Hotel LLC
Grant Deed
$13,550,000 · East West Bank
Oct 5, 2010
$12,650,000
Custom Hotel LLC
Mam-hotel Lincoln LLC
Grant Deed
$12,000,000 · Mam-hotel Lincoln LLC
Nov 13, 2009
$20,000,000
Mam-hotel Lincoln LLC
Fidelity Natl Title Co
Trustees Deed
related
—
Oct 10, 2006
—
Pali-lincoln LLC
—
Trustees Deed
related
$38,147,908 · Marathon Structured Fin Fu
—
—
Nf Playa Del Oro
—
Deed Of Trust
related
$120,000,000 · Pb Capital Corp
—
—
Custom Hotel LLC
—
Deed Of Trust
related
$13,000,000 · First Credit Bank
—
—
Custom Hotel LLC
—
Deed Of Trust
related
$12,000,000 · Mam-hotel Lincoln LLC
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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