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Property profile & analytics
OFF-MARKET
Estimated value
$930,000
Medical Office Space
874 Martin Luther King Jr Blvd, Los Angeles, CA 90037-1205
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7221320
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1938
Construction
WOOD
Total area
2,426 SF
Lot
0.14 ac (6,048 SF)
Zoning code
LAC2
APN
5019-001-032
UPID
US09-7221320
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
-
Salis Kumar Shrestha, DPM Physician
-
Terri M Rn Hannah Physician
-
Copen Stephen T MD Physician Medical Clinic
-
All Family Neighborhood Medical Clinic Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$930k
CAP Approach
CAP
$675k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$930k
Owner & transaction history
874mlk LLC · 2 yrs held
874mlk LLC
since 2024
Last sale
$930,000
7 recorded transactions
Zoning & alternative use
LAC2 · Los Angeles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.3M
+19.3%
Office building
$1.2M
+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
$930,000
ML approach
$930,000
CAP Approach
CAP Return
Estimation
6%
$735,000
6.5%
$675,000
7%
$630,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,105,000
Current use
AUTO REPAIR, GARAGE
$1,320,000
Change: +19% · Conversion: Difficult
OFFICE BUILDING
$1,220,000
Change: +10% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,025,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$930k
Range $837k – $1.02M · ±10% · vs last sale $930k (May 6 2024)
Last sale anchor
$930k
May 6 2024
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
$383 / 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
$12,292
Tax year 2024
Assessed value
$948,600
Assessed 2024
Previous assessed
$948,600
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$816,000
Assessed improvement
$132,600
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
1938
Construction
WOOD
Heating
NONE
Stories
1
Total area
2,426 SF
Lot
0.14 ac (6,048 SF)
Zoning code
LAC2
APN
5019-001-032
UPID
US09-7221320
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
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.0M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
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
1938
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
874mlk LLC
Entity
Mailing address
1465 BENEDICT CYN DR, BEVERLY HILLS, CA 90210-2021
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
May 6, 2024
—
874mlk LLC
Shrikant K Temhane
Intrafamily Transfer
related
—
Apr 22, 2024
—
Prlap INC
—
Deed
related
$960,000 · Bank Of America NA
Apr 14, 2023
$930,000
Shrikant K Tamhane
874 West Ml King Blvd La 90037 Lc
Grant Deed
—
Apr 14, 2023
—
874 West Ml King Blvd La 90037 LLC
Stephen T Copen
Correction Deed
related
—
Jun 27, 2017
—
874 West Ml King Blvd La 90037 LLC
—
Deed
related
$500,000 · Pacific Commerce Bank
Feb 23, 2010
—
874 West Ml King Blvd La 90037
Copen,stephen T
Quit Claim Deed
related
—
Dec 11, 1998
—
Alexander P Jardini
Jardini,a P & V M
Quit Claim Deed
related
—
—
—
874 West Ml King Blvd La 90037
—
Deed Of Trust
related
$180,000 · Malaga Bank Fsb
—
—
Stephne T Copen
—
Deed Of Trust
related
$160,000 · Jardini Trust
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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