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Property profile & analytics
OFF-MARKET
Estimated value
$1,045,000
Theaters & concert halls
Los Angeles, CA 90012
Entity Owned
14-yr Hold
Absentee Owner
Free & Clear
Property ID
US10-0117903
Property profile
Verified
Property type
Theaters & concert halls
Use group
AUDITORIUM
Year built
1965
Total area
3,924 SF
Lot
62.59 ac (2,726,310 SF)
Zoning code
LAA1
APN
5415-021-017
UPID
US10-0117903
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.05M
Owner & transaction history
Mgsl Holding LLC · 14 yrs held
Mgsl Holding LLC
since 2012
5 recorded transactions
Zoning & alternative use
LAA1 · Los Angeles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.7M
+33.4%
Retail stores
$1.6M
+29.3%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
THEATER (MOVIE)
$1,245,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,660,000
Change: +33% · Conversion: Difficult
RETAIL STORES
$1,610,000
Change: +29% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,175,000
Change: -6% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,095,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$1.05M
Range $941k – $1.15M · ±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
$266 / 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
$667,533
Tax year 2024
Assessed value
$50,260,763
Assessed 2024
Previous assessed
$50,260,763
+0.0% YoY
Effective rate
1.33%
On assessed value
Assessed land
$49,872,870
Assessed improvement
$387,893
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
Theaters & concert halls
Use group
AUDITORIUM
Status
Off-Market
Year built
1965
Heating
NONE
Total area
3,924 SF
Lot
62.59 ac (2,726,310 SF)
Zoning code
LAA1
APN
5415-021-017
UPID
US10-0117903
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAA1 · Los Angeles, CA
Zoning LAA1 · permitted uses
LAA1 · 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
THEATER (MOVIE) Current
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.7M
RETAIL STORES
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.2M
WAREHOUSE, STORAGE
Est. value
$1.1M
THEATER (MOVIE) Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1965
Heating
NONE
Lot
62.59 ac
Current owner
From public records · entity-resolved
Mgsl Holding LLC
Entity
Free & Clear · 14 yrs held
Mailing address
1000 VIN SCULLY AVE, LOS ANGELES, CA 90012-2112
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 22, 2020
—
Chavez Ravine Land Company LLC
—
Deed
related
$200,000,000 · Bank Of America NA
Oct 9, 2019
—
Chavez Ravine Land Co LLC
—
Loan Modification
related
$200,000,000 · Bank Of America
Mar 28, 2018
—
Chavez Ravine Land Co LLC
—
Grant Deed
related
$190,000,000 · Bank Of America
May 3, 2012
$150,000,000
Mgsl Holding LLC
Blue Landco LLC
Grant Deed
—
—
—
Chavez Ravine Land Co LLC
—
Loan Modification
related
$190,000,000 · Bank Of America
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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