Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    646-652 6Th St Los Angeles, CA 90731

    Property Lookup

    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    646-652 6Th St Los Angeles, CA 90731

    View on Map
    • Land
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 646-652 6Th St

    Property type
    Land

    Description

    This exceptional mixed-use development opportunity in San Pedro, CA, presents a prime investment prospect. Situated on a 10,001 square foot lot (APN 7451-029-030) zoned C2-2D-CPIO, the project boasts 50% approved plans for a six-story building totaling approximately 20,000 square feet. The proposed design includes 27 residential units—21 studios, 3 one-bedrooms, and 3 two-bedrooms—all market-rate. A 664 square foot ground floor retail space offers high visibility on W. 6th Street. The building incorporates a two-level parking podium with 33 stalls, including ADA-compliant and EV charging spaces. The project is currently nearing re-submission of permits after addressing initial comments. While the plans are substantially complete, the buyer will be responsible for working with an architect to finalize the permitting process. The asking price is $1,700,000, representing a land value of $170 per square foot. This is a rare chance to acquire a partially permitted project in a desirable Los Angeles location with significant upside potential. The address is 646-652 W 6th St, Los Angeles, CA 90731.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.291
    Latitude
    33.739

    Comparable in this City

    • Value Estimation by Request

      631-639 6Th St

      Land
      631-639 6Th St, Los Angeles, CA 90731
      View Details
    • Value Estimation by Request

      302 Pacific Ave

      Land
      302 Pacific Ave, Los Angeles, CA 90731
      View Details
    • Value Estimation by Request

      530 Macarthur Way

      Land
      530 Macarthur Way, Los Angeles, CA 90731
      View Details
    • Value Estimation
      $1,685,000
      12,671 SF

      3811 Blf Pl

      APARTMENT HOUSE (5+ UNITS) • 12,671 SF
      3811 Blf Pl, San Pedro, CA 90731-7032
      View Details
    • Value Estimation
      $4,955,000
      31,254 SF

      555 Gaffey St

      APARTMENT HOUSE (5+ UNITS) • 31,254 SF
      555 Gaffey St, San Pedro, CA 90731-1853
      View Details
    • Value Estimation
      $1,290,000
      7,837 SF

      213 14th St

      APARTMENT HOUSE (5+ UNITS) • 7,837 SF
      213 14th St, San Pedro, CA 90731-4314
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Undeveloped Land in Gaffey Canyon

      Large undeveloped land parcel near harbor redevelopment area.
      514 Arcadia Dr, San Pedro, CA 90731
      View Details
    • $1,700,000
      0.21 Acres

      San Pedro Mixed-Use Investment

      Two contiguous parcels with multiple income streams and parking.
      486 W 20 Ave, San Pedro, CA 90731
      View Details
    • $1,699,000
      4,058 SF

      San Pedro Quadruplex with Harbor Views

      Desirable San Pedro quadruplex with city and harbor views.
      719 Oro Ter, San Pedro, CA 90731
      View Details
    • Contact for pricing

      San Pedro Waterfront Craftsman Duplex

      Rare, updated San Pedro duplex near waterfront with Airbnb potential.
      628 W 22Nd St, San Pedro, CA 90731
      View Details
    • New
      $924,900
      1,773 SF

      Two Detached Homes on Large Lot

      Two homes on a 4,801 sq. ft. lot.
      234 W.12th St St, San Pedro, CA 90731
      View Details

    Similar Nearby for Lease

    • $2,400 /Mo

      San Pedro Multifamily Unit For Rent

      Two-bedroom unit with new flooring and paint available for rent.
      664 W 7Th St, San Pedro, CA 90731
      View Details
    • Contact for pricing
      15,000 SF

      Commercial Land Available For Rent

      Commercial land available for rent in San Pedro, California.
      483 W 16Th St, San Pedro, CA 90731
      View Details
    • $575 /Mo
      6,500 SF

      San Pedro Office Space Available

      Comfortable office space in the heart of San Pedro, CA.
      555 W 9Th St, San Pedro, CA 90731
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    646-652 6Th St
    Los Angeles, CA 90731
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!