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    1350 Velasco St Los Angeles, CA 90023

    • Manufacturing properties
    • 4,100 SF
    • 0.18 lot acres
    For Lease
    View listing
    $1.32 SF/Yr
    Value Estimation
    $980,000
    Last Sale
    Nov 07, 2024
    $990,000
    Location Intelligence
    Property ID
    US09-7908618
    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

    • Manufacturing properties

    Property Details for 1350 Velasco St

    Year built
    1947
    Lot size
    0.18 lot acres
    Property size
    4,100 SF
    Zone code
    LAM2
    Property type
    Manufacturing properties
    APN
    5190-036-002
    APU
    5190036002

    Description

    This exceptional 4,100-square-foot industrial property, located at 1350 Velasco St, Los Angeles, CA 90023, presents a unique opportunity for businesses seeking a versatile space in the heart of the city's Central Business District (CBD). The single-tenant building, constructed in 1947, sits on a 0.18-acre lot and boasts a desirable M2-1-CUGU zoning classification. The warehouse features a spacious interior with 17-foot ceilings, providing ample vertical storage capacity. Two loading docks ensure efficient loading and unloading operations, complemented by three convenient parking spaces. The property's electrical service is robust, offering 100 amps at 480 volts, 3-phase, and 4 wires, suitable for a range of manufacturing and industrial applications. Its convenient location near the intersection of Velasco Street and East Pico Boulevard offers excellent accessibility and visibility. The property is currently vacant and ready for immediate occupancy. The Los Angeles County Assessor's Parcel Number (APN) is 5190-036-002. This property is ideal for a variety of manufacturing, warehouse, or distribution businesses seeking a well-located, functional space in the vibrant Los Angeles CBD.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $990,000

    • CAP approach

      CAP return
      Estimation
      6%
      $945,000
      6.5%
      $1,070,000
      7%
      $985,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $860,000
      Geo Method
      $1,090,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $905,000
      Retail
      $885,000
      Mixed-Use
      $910,000
      Hospitality
      $1,005,000
      Educational
      $805,000
      Residential Income
      $775,000
      Energy
      $945,000
      Income-Based Land
      $985,000
      Food Service
      $965,000

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.205
    Latitude
    34.0178
    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
    $11,266
    $456,757
    $422,445
    $879,202
    -
    $0.00
    $0.00
    $0.00

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    • Value Estimation by Request
      23,476 SF

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      MANUFACTURING (LIGHT) • 23,476 SF
      1820 Soto St, Los Angeles, CA 90023-4230
      View Details

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      Prime LA Industrial Space For Lease

      4,100 SF Manufacturing/Warehouse in CBD
      1350 Velasco St, Los Angeles, CA 90023
      View Details
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    Los Angeles, CA 90023
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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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