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    1221 3Rd St Los Angeles, CA 90017

    • High-rise multifamily apartments
    • 354,707 SF
    • 1.14 lot acres
    For Lease
    View listing
    Value Estimation
    Location Intelligence
    Property ID
    US09-7051471
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Wasserman Partners LLC / Business Management Consultant
    • Web Experts Inc / Website Designer
    • SCALA Architecture / Architect / Architectural Designer
    • ATM / Atm
    • USMEDITECH LLC / Medical Supply Store

    Property Details for 1221 3Rd St

    Year built
    2005
    Construction
    WOOD
    Lot size
    1.14 lot acres
    Property size
    354,707 SF
    Zone code
    LACW
    Property type
    High-rise multifamily apartments
    APN
    5152-013-019
    APU
    5152013019

    Description

    Discover The Visconti, a stunning Italian Renaissance-inspired mixed-use building in the heart of Los Angeles, CA (90017), at 1221 W 3rd St. This exceptional property offers 7,848 square feet of prime retail space currently available for lease. The building features three total suites, with a minimum divisible space of 1,400 square feet and a maximum contiguous space of 5,006 square feet. The flexible layout allows for a variety of retail concepts, catering to businesses seeking spaces ranging from approximately 1,505 to 5,195 square feet. All available spaces boast highly visible ground-level street frontage, ensuring maximum exposure and foot traffic. Located in Los Angeles County, this property presents a unique opportunity to establish a presence in a vibrant and desirable location. The building's architectural design and prime location combine to create an exceptional retail environment. Seize this chance to secure your ideal retail space within this prestigious mixed-use development. Contact us today to schedule a viewing and explore the possibilities.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.258
    Latitude
    34.0573
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $1,508,207
    $2,228,627
    $120,922,692
    $123,151,319
    -
    $0.00
    $0.00
    $0.00

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      HIGH-RISE APARTMENTS • 1,060 SF
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    Los Angeles, CA 90017
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    Realmo Value Estimation

    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.

    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.

    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
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