Financial
Distress signals
Property profile

1350 Velasco St Los Angeles, CA 90023

FOR LEASE
Manufacturing properties
View Listing
Property ID
US09-7908618
4,100 SF 0.18 ac lot Built 1947
Last sale Nov 2024 · $990,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

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

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$11k
Tax billed · 2024
Assessed value$879k
Assessed land$457k
Assessed improvement$422k
Effective rate1.28%

Value estimate

· Sep 2026
$990k
$891k – $1.09M
AI approach$990k
CAP approach$785k
NOI build-up
Gross scheduled income$78k
Vacancy & credit loss−$5k
Operating expenses−$22k
NOI · 3,858,560.61% cap applied$51k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$247/SF
ZIP average, outlier-cleaned · 71 recorded sales of this use type
Observed band · Q1–Q3$76 – $391
Qualifying comparables7

Cap rate analysis

How does the asset earn?
3,858,560.61%
$51k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
LAM2
JurisdictionLOS ANGELES

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency68.4
Law Firm44.2
Dental Office31.0

Location

1350 Velasco St Los Angeles, CA 90023
County assessor Recorded deeds · 6 transfers 7 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3400 14th, Los Angeles, CA 90023 $980,000 Dec 2025 4,120 SF
3432 14th, Los Angeles, CA 90023-3818 $483,000 Jan 2025 4,950 SF
3412 Olympic, Los Angeles, CA 90023-3031 $440,000 Nov 2024 4,187 SF
3370 Olympic, Los Angeles, CA 90023-3724 $5,000,000 Oct 2024 4,111 SF
3386 Olympic, Los Angeles, CA 90023-3724 $5,000,000 Oct 2024 4,160 SF
3376 Olympic, Los Angeles, CA 90023 $5,000,000 Oct 2024 4,160 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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