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Property profile & analytics
OFF-MARKET
Estimated value
$1,065,000
Turn key restaurants
9575 Pico Blvd Los Angeles, CA 90035-1215
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7440578
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1975
Construction
TILT-UP CONCRETE
Total area
5,360 SF
Lot
0.13 ac (5,632 SF)
Zoning code
LAC4
APN
4330-025-006
UPID
US09-7440578
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
-
Manzke 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
$1.07M
Owner & transaction history
9575 West Pico LP · 9 yrs held
9575 West Pico LP
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
$199 / 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
$47,253
Tax year 2024
Assessed value
$3,874,872
Assessed 2024
Previous assessed
$3,874,872
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$2,627,035
Assessed improvement
$1,247,837
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1975
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
OTHER
Stories
1
Total area
5,360 SF
Lot
0.13 ac (5,632 SF)
Zoning code
LAC4
APN
4330-025-006
UPID
US09-7440578
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC4 · Los Angeles, CAZoning 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
Building & site characteristics
From public records
Year built
1975
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
9575 West Pico LP
Entity
Mailing address
12410 SANTA MONICA BLVD, LOS ANGELES, CA 90025-2522
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 28, 2017
—
9575 West Pico LP
9575 West Pico LP
Quit Claim Deed
related
$2,000,000 · Miscellaneous Ins Co
Apr 18, 2007
$2,950,000
West Pico 9575
Sparks I LLC
Grant Deed
$1,900,000 · Genworth Life Insurance Co
Aug 27, 2003
—
Spark I LLC
Kavian,ashraf
Grant Deed
$1,200,000 · Wilshire State Bank
Jun 8, 2000
$1,260,000
Lalezar Kavian
Pico-26 LLC
Grant Deed
$300,000 · Seller
Nov 19, 1996
$700,000
Pico 26 LLC
9575 Pico Associates
Trustees Deed
related
—
—
—
9575 West Pico LP
—
Deed Of Trust
related
$1,212,121 · Koss Income Fund I LP
—
—
9575 Pico Assoc
—
Deed Of Trust
related
$40,000 · First Los Angeles Bank
—
—
Spark I LLC
—
Deed Of Trust
related
$1,645,000 · Chb America Bank
—
—
9575 Pico Assoc
—
Deed Of Trust
related
$975,000 · First Los Angeles Bank
—
—
Spark LLC
—
Deed Of Trust
related
$200,000 · Chb America Bank
—
—
Pico 26 LLC
—
Deed Of Trust
related
$750,000 · Namco Capital Group INC
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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