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Property profile & analytics
OFF-MARKET
Estimated value
$108,430,000
Investment properties
915 La Brea Ave West Hollywood, CA 90038-2360
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9430193
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2016
Construction
WOOD
Total area
220,408 SF
Lot
2.27 ac (99,049 SF)
Zoning code
LARA
APN
5531-016-023
UPID
US09-9430193
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$68.67M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$108.43M
Owner & transaction history
Angelene Apartments Owner LLC · 5 yrs held
Angelene Apartments Owner LLC
since 2020
Last sale
$112.5M
7 recorded transactions
Zoning & alternative use
LARA · West Hollywood, 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 West Hollywood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Hollywood 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
$111,555,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$74,390,000
6.5%
$68,665,000
7%
$63,760,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$137,570,000
Current use
AUTO REPAIR, GARAGE
$119,810,000
Change: -13% · Conversion: Difficult
OFFICE BUILDING
$110,620,000
Change: -20% · Conversion: Easy
Blend value · Realmo final
$108.43M
Range $97.59M – $119.27M · ±10% · vs last sale $112.50M (Dec 21 2020)
Last sale anchor
$112.50M
Dec 21 2020
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
$492 / 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
$1,425,886
Tax year 2024
Assessed value
$114,731,826
Assessed 2024
Previous assessed
$114,731,826
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$34,680,000
Assessed improvement
$80,051,826
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
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2016
Construction
WOOD
Heating
NONE
Cooling
OTHER
Units
179
Total area
220,408 SF
Lot
2.27 ac (99,049 SF)
Zoning code
LARA
APN
5531-016-023
UPID
US09-9430193
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LARA · West Hollywood, CA
Zoning LARA · permitted uses
LARA · West Hollywood, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Hollywood. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$137.6M
AUTO REPAIR, GARAGE
Est. value
$119.8M
OFFICE BUILDING
Est. value
$110.6M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
OFFICE 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
2016
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
179
Lot
2.27 ac
Current owner
From public records · entity-resolved
Angelene Apartments Owner LLC
Entity
Mailing address
500 THROCKMORTON ST STE #300, FORT WORTH, TX 76102-3745
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Dec 21, 2020
$124,650,000
Angelene Apartments Owner LLC
La Brea Gateway Investors LP
Grant Deed
$58,822,500 · Tc Mt II Originations Tr LLC
Mar 7, 2018
—
La Brea Gateway Investors LP
—
Deed
related
$96,816,629 · 915 N La Brea Ave Apts Cap LLC
Feb 8, 2018
—
La Brea Gateway Investors LP
—
Deed
related
$96,816,629 · 915 N La Brea Ave Apts Cap LLC
Jun 28, 2013
$31,000,000
La Brea Gateway Investors LP
La Brea Gateway LLC
Grant Deed
related
$96,300,000 · La Brea Avenue Apartments Cap
Aug 23, 2004
—
Meron,omri
Meron,keren
Quit Claim Deed
related
—
Aug 23, 2004
$5,000,000
La Brea Gateway LLC
La Brea Studio Lofts LLC
Grant Deed
related
—
—
—
La Brea Gateway LLC
—
Deed Of Trust
related
$11,000,000 · Comerica Bk
—
—
La Brea Gateway LLC
—
Loan Modification
related
$8,407,000 · Comerica Bk/detroit
—
—
La Brea Gateway Investors LP
—
Loan Modification
related
$96,816,629 · 915 N La Brea Ave Apts Cap LLC
—
—
La Brea Gateway Investors LP
—
Loan Modification
related
$96,816,629 · 915 N La Brea Ave Apts Cap 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.
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