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Property profile & analytics
OFF-MARKET
Estimated value
$3,540,000
Medical Office Space
8640 3rd St, Los Angeles, CA 90048-3384
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US09-6531586
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2012
Construction
WOOD
Total area
11,683 SF
Lot
0.15 ac (6,496 SF)
Zoning code
LAC2
APN
4334-011-021
UPID
US09-6531586
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
-
Dr. Jessica L. Manske, DDS Dental Office
-
Shaun Flynn, DDS Dental Office
-
Charles S. Lane MD Physician
-
BioMed Pharmacy & Compounding Los Angeles Pharmacy
-
Center For Rheumatology Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.34M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.54M
Owner & transaction history
8640 West Third Street LLC · 18 yrs held
8640 West Third Street LLC
since 2008
7 recorded transactions
Zoning & alternative use
LAC2 · Los Angeles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$5.9M
+10.2%
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%
$3,610,000
6.5%
$3,335,000
7%
$3,095,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$5,320,000
Current use
OFFICE BUILDING
$5,865,000
Change: +10% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$4,950,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$3.54M
Range $3.19M – $3.89M · ±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
$303 / 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
$108,455
Tax year 2024
Assessed value
$8,935,800
Assessed 2024
Previous assessed
$8,935,800
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$4,249,621
Assessed improvement
$4,686,179
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2012
Construction
WOOD
Heating
NONE
Stories
1
Total area
11,683 SF
Lot
0.15 ac (6,496 SF)
Zoning code
LAC2
APN
4334-011-021
UPID
US09-6531586
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
MEDICAL BUILDING Current
Est. value
$5.3M
OFFICE BUILDING
Est. value
$5.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.0M
MEDICAL BUILDING Current
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
2012
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
8640 West Third Street LLC
Entity
Mailing address
PO BOX 572140, TARZANA, CA 91357-2140
Ownership since
2008
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
Dec 28, 2017
—
8640 West Third Street LLC
—
Deed
related
$5,000,000 · Miscellaneous Ins Co
Feb 26, 2008
$3,300,000
8640 West Third Street LLC
Third Scott Street LLC
Grant Deed
—
Jun 12, 2007
—
Third Scott Street LLC
Brooks Family Trust
Grant Deed
—
Nov 3, 1988
$710,000
Deferred Ex Amer
Grant Jay
Trustees Deed
related
$1,000,000 · Long Beach Savings & Loan
—
—
Brooks Trust
—
Deed Of Trust
related
$600,000 · First Charter Bank
—
—
Third Scott Street LLC
—
Deed Of Trust
related
$1,065,000 · Merrill Lynch Bank & Trust Co
—
—
Brooks Trust
—
Deed Of Trust
related
$850,000 · First Republic Bank
—
—
Brooks,tr
—
Deed Of Trust
related
$1,105,000 · First Republic Bank
—
—
8640 West Third Street LLC
—
Deed Of Trust
related
$5,000,000 · Miscellaneous Ins Co
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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