Entity Owned Property summary
AI-generated overview
Birkdale Landing, a newly developed creative office campus in Los Angeles' Frogtown neighborhood, offers 12,000 square feet of flexible workspace. Multiple tenancy options are available, ranging from a minimum of 1,350 square feet to a maximum contiguous space of 5,407 square feet. Currently, 10,889 square feet is vacant. The property features high ceilings ranging from 19 to 24 feet, providing ample natural light through floor-to-ceiling windows. Tenants enjoy views of a landscaped courtyard and the Los Angeles River. The building boasts 750 feet of riverfront property and offers a 1.5 parking space per 1,000 square feet ratio. Located at 2433 Birkdale St, Los Angeles, CA 90031, this prime location in Los Angeles County provides easy access to local amenities. The design incorporates a flexible outdoor courtyard.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Construction
TILT-UP CONCRETE
Total area
20,875 SF
Zoning code
LACM
APN
5445-003-040
UPID
US09-4163261
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Music Venue Publishing House
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.13M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.00M
Owner & transaction history
Zoning & alternative use
LACM · Los Angeles, CA
Top alternative use upside
Auto repair, garage
$11.3M
+8.3%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 13 comparables with addresses
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$7.00M
Value range
$6.30M – $7.69M
±10% around blend
Estimated value / SF
$335 / SF
Confidence
High
13 county-verified comps
Property data
63
Market benchmarks
67
Comparable evidence
100
$6.30M
blend $7.00M
$7.69M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
20,875 SF
APN
5445-003-040
Zoning
LACM
Assessed value
$9,453,832
Annual tax
$115,368
3
Income approach: direct capitalization
Partial preview
Income approach indication
$8.13M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$8.81M
@ 6.5% CAP return
$8.13M
@ 7% CAP return
$7.55M
4
Sales comparison
Partial preview
Sales approach indication
$10.25M
Weighted, 13 comps · high confidence
Evidence
13 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
6.0 mi away · 22,394 SF
10.5 mi away · 20,865 SF
11.6 mi away · 19,300 SF
12.2 mi away · 16,323 SF
15.6 mi away · 16,800 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$7.00M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 585 sales
$502
-33%
County 2758 sales
$449
-25%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $335/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+8%
vs current-use indication
Office Building · current use
Medical Building
Neighborhood: Shopping Center
Retail Stores
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 13 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$9.45M
Move the market yield to see immediate price impact.
Value / SF
$453
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$596k
$11.91M
$8.51M
$6.62M
$662k
$13.24M
$9.45M
$7.35M
$728k
$14.56M
$10.40M
$8.09M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
13 found
High confidence · county-verified
Closest comparable
$7.25M
5.0 mi · Nov 2025 · $392/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$115,368
Tax year 2023
Assessed value
$9,453,832
Assessed 2023
Previous assessed
$9,453,832
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$5,421,092
Assessed improvement
$4,032,740
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Construction
TILT-UP CONCRETE
Buildings
2
Units
5
Total area
20,875 SF
Zoning code
LACM
APN
5445-003-040
UPID
US09-4163261
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LACM · Los Angeles, CAZoning LACM · permitted uses
LACM · Los Angeles, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Construction
TILT-UP CONCRETE
Buildings
2
Units
5
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
LACM
Jurisdiction
Los Angeles, CA
Recorded code
LACM
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for LACM in Los Angeles, CA.
What opens after registration
Zoning profile
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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