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Property profile & analytics
OFF-MARKET
Estimated value
$31,360,000
Hotels
9801 Airport Blvd Los Angeles, CA 90045-5407
Entity Owned
21-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7549534
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1989
Construction
CONCRETE
Total area
185,906 SF
Lot
1.44 ac (62,621 SF)
Zoning code
LAC2
APN
4124-030-041
UPID
US09-7549534
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
-
Certified Life Coach Institute High School Vocational School
-
Frankly - Airport Blvd. Restaurant Take-out & Catering
-
Stonie Bowls Restaurant
-
Plant Nation - Airport Blvd. Restaurant
-
Umami Burger - Airport Blvd. Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$36.68M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$31.36M
Owner & transaction history
Ba Lax LLC · 21 yrs held
Ba Lax LLC
since 2005
7 recorded transactions
Zoning & alternative use
LAC2 · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$39,735,000
6.5%
$36,680,000
7%
$34,060,000
Blend value · Realmo final
$31.36M
Range $28.22M – $34.50M · ±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
$169 / 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
$490,486
Tax year 2024
Assessed value
$38,235,759
Assessed 2024
Previous assessed
$38,235,759
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$4,373,074
Assessed improvement
$33,862,685
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
1989
Construction
CONCRETE
Heating
NONE
Stories
1
Units
221
Total area
185,906 SF
Lot
1.44 ac (62,621 SF)
Zoning code
LAC2
APN
4124-030-041
UPID
US09-7549534
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.
Building & site characteristics
From public records
Year built
1989
Construction
CONCRETE
Heating
NONE
Stories
1
Units
221
Lot
1.44 ac
Current owner
From public records · entity-resolved
Ba Lax LLC
Entity
Mailing address
3334 E COAST HWY #410, CORONA DEL MAR, CA 92625-2328
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2019
—
Koar Airport Associates LLC
—
Grant Deed
related
$85,000,000 · Loancore Cap Markets LLC
Oct 18, 2016
—
Koar Airport Associates
—
Deed
related
$20,000,000 · Miscellaneous Ins Co
Dec 24, 2012
—
Koar Airport Associates
—
Deed Of Trust
related
$30,000,000 · Miscellaneous Ins Co
Apr 28, 2005
—
Ba Lax LLC
Owner Name Unavailable
Grant Deed
related
—
Oct 26, 2004
—
Sunstone Lax Airport LLC
—
Deed Of Trust
related
$18,000,000 · Wells Fargo Bank
Aug 29, 2003
—
Sunstone Lax Embassy LLC
—
Deed Of Trust
related
$399,500,000 · Massachusetts Mutual Life Ins
Feb 19, 1997
$5,835,500
Felcor Suites LP
Ken/koar Lax Partners LP
Grant Deed
—
May 9, 1996
—
Koar International-airport Ctr
—
Deed Of Trust
related
$13,500,000 · Banque Nationale De Paris
Mar 29, 1990
—
Embassy Lax
Koarlax Embassy&
Quit Claim Deed
related
—
—
—
Ba Lax LLC
—
Deed Of Trust
related
$35,000,000 · Miscellaneous Ins Co
—
—
Sunstone Lax Embassy LLC
—
Deed Of Trust
related
$17,780,000 · Heller Financial
—
—
Koar Airport Associates
—
Loan Modification
related
$20,000,000 · Miscellaneous Ins Co
—
—
Ba Lax LLC
—
Deed Of Trust
related
$23,000,000 · Bear Stearns Commercial Mtg
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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