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    Property profile & analytics

    633 Spring St Los Angeles, CA 90014

    • Parking lots & garages
    • 9,200 SF
    • 0.21 lot acres
    For Sale
    View listing
    $5,500,000
    Value Estimation
    Last Sale
    Aug 03, 2023
    $4,300,000
    Location Intelligence
    Property ID
    US10-0456409
    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

    • China Town Dental Clinic / Dentist
    • Dr. Lee C. Tran, DDS / Dentist
    • Nguyen David H DO / Internist
    • Amy's Bakery / Bakery
    • Thien Nguyen / Dentist

    Property Details for 633 Spring St

    Year built
    1950
    Lot size
    0.21 lot acres
    Property size
    9,200 SF
    Zone code
    LAC5
    Property type
    Parking lots & garages
    APN
    5144-002-012
    APU
    5144002012

    Description

    This exceptional 9,307 square foot commercial land parcel, located at 633 S Spring St in Los Angeles' Historic Core (zip code 90014), presents a unique redevelopment opportunity. The property boasts a substantial 105,841 square feet of buildable area across 28 stories, permitted under C5-4D zoning. Currently operating as an income-producing parking lot with 71 spaces, this site benefits from its central location within the Historic Core, close to major amenities and attractions. The high demand for parking in this vibrant area, coupled with the stabilizing hotel market and proximity to UCLA's new Downtown campus, makes this a compelling investment. The APN is 5144-002-012. This is a rare chance to acquire a large, well-situated parcel in a rapidly developing area of Downtown Los Angeles, offering significant potential for future development as market conditions continue to improve. The asking price for this exceptional property is $5,500,000.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $3,510,000

    • CAP approach

      CAP return
      Estimation
      6%
      $4,315,000
      6.5%
      $4,755,000
      7%
      $4,310,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $4,850,000
      Geo Method
      $3,880,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $4,650,000
      Retail
      $3,645,000
      Mixed-Use
      $4,775,000
      Hospitality
      $4,160,000
      Educational
      $3,775,000
      Residential Income
      $4,475,000
      Energy
      $3,865,000
      Income-Based Land
      $4,695,000
      Food Service
      $4,655,000

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.252
    Latitude
    34.0454
    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
    $68,060
    $5,173,203
    $18,106
    $5,191,309
    -
    $0.00
    $0.00
    $0.00

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      9,450 SF

      717 Main St

      PARKING GARAGE, PARKING STRUCTURE • 9,450 SF
      717 Main St, Los Angeles, CA 90014-2012
      View Details

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    633 Spring St
    Los Angeles, CA 90014
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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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